Pt 3-1 inserted by No 46 of 1998.
Div 118 inserted by No 46 of 1998.
S 118-100 amended by No 61 of 2011, s 3 and Sch 3 item 1, by inserting the para at the end, effective 29 June 2011. No 61 of 2011, s 3 and Sch 3 item 10 contains the following application provisions:
10 Application provision
(1) Subject to subitem (2), the amendments made by this Schedule apply in relation to CGT events happening on or after the day (the commencement day) this Act receives the Royal Assent.
(2) You may choose the amendments made by this Schedule to apply in relation to CGT events relating to you that happen during the period:
(a) starting at the start of the 2004-05 income year; and
(b) ending immediately before the commencement day.
(3) A choice you can make under subitem (2) must be made:
(a) by the day you lodge your income tax return for the income year that includes the commencement day; or
(b) within a further time allowed by the Commissioner.
(4) The way you prepare your income tax return for the applicable income year is sufficient evidence of the making of a choice under subitem (2).
S 118-100 inserted by No 46 of 1998.