Application of replacement version of Subdivision 842‑I
842-207 Application of replacement version of Subdivision 842‑I
The new Subdivision 842‑I applies, or is taken to have applied, in relation to:
the 2015‑16 income year and later income years; and
if an entity chooses to apply the new Subdivision 842‑I in relation to the 2011‑12, 2012‑13, 2013‑14 and 2014‑15 income years—those income years.
In this section:
new Subdivision 842‑I means Subdivision 842‑I (Investment Manager Regime) of the Income Tax Assessment Act 1997, as substituted by Schedule 7 to the Tax and Superannuation Laws Amendment (2015 Measures No. 1) Act 2015.
The new Subdivision 842‑I replaced a previous version of that Subdivision, which applied in relation to assessments for the 2010‑11 income year and later income years (see item 17 of Schedule 1 to the Tax Laws Amendment (Investment Manager Regime) Act 2012).
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