Commonwealth Consolidated Acts

INCOME TAX (TRANSITIONAL PROVISIONS) ACT 1997 - SECT 725.1

    Division   725 applies to a scheme entered into on or after 1   July 2002. It also applies to a scheme entered into on or after 27   June 2002, but only if:

  (a)   the decrease times for down interests of which entities are affected owners are all on or after 1   July 2002; and

  (b)   the increase times for up interests of which entities are affected owners are all on or after 1   July 2002.

Table of sections

727 - 1   Application of Division   727

727 - 230   Transitional exclusion for certain indirect value shifts relating mainly to services

727 - 470   Affected interests do not include equity or loan interests owned by entity that is eligible to be an STS taxpayer