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COMMONWEALTHAct
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s 5-7

References in tax sharing agreements to former section 204

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Chapter 1Introduction and core provisions
Part 1-3Core Provisions
Division 5How to work out when to pay your income tax
Subdivision 5-AHow to work out when to pay your income tax

5-7 References in tax sharing agreements to former section 204

(1)

A reference in an agreement to section 204 of the Income Tax Assessment Act 1936 is taken, from the commencement of this section, to be a reference to section 5‑5 of the Income Tax Assessment Act 1997, if:

(a)

paragraph 721‑25(1)(a) of the Income Tax Assessment Act 1997 applies to the agreement; and

(b)

the agreement was in force just before the commencement of this section.

(2)

This section applies in relation to tax to which Division 5 of the Income Tax Assessment Act 1997 applies.

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