Commonwealth Consolidated Acts

INCOME TAX ASSESSMENT ACT 1936 - SECT 24AV

States and Territories to consent to STBs being excluded STBs

  (1)   The regulations may prescribe that an STB is an excluded STB only if all States and Territories consent to the STB being so prescribed.

Retrospective application of regulations prescribing excluded STBs

  (2)   Subsection   12(2) (retrospective application of legislative instruments) of the Legislation Act 2003 does not apply to a regulation prescribing an STB as an excluded STB.