Document ID: chunk:federal_register_of_legislation:C2006C00470:clause:1_24
Version: federal_register_of_legislation:C2006C00470
Segment Type: clause
Provision Reference: sch 1 cl 24
Character Range: 33571–34253

24  Subsections 251R(6F) and (6FA)
Repeal the subsections, substitute:

 (6F) Subsection (6D) does not apply, and is taken never to have applied, if the first person fails to retain the family agreement until the end of:
 (a) 5 years beginning on the date of lodgment of the first person's return of income for the year of income concerned; or
 (b) a shorter period determined by the Commissioner in writing for the first person; or
 (c) a shorter period determined by the Commissioner by legislative instrument for a class of persons that includes the first person.

 (6FA) A determination under paragraph (6F)(c) may specify different periods for different classes of taxpayers.