Commonwealth Consolidated Regulations

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INCOME TAX ASSESSMENT (1997 ACT) REGULATIONS 2021 - REG 1000.1.12

Translating currency--choices and elections

  (1)   For the purposes of sections   960 - 50.01 and 960 - 80.01, a choice made under clause   1.3 of Schedule   2 to the old regulations before the commencement time has effect as if it had been made under clause   3 of Schedule   2 to this instrument.

  (2)   An election made for the purposes of regulation   960 - 80.03 of the old regulations has effect after the commencement time as if it had been made for the purposes of section   960 - 80.03 of this instrument.



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