Commonwealth Numbered Acts

TAX LAWS AMENDMENT (2012 MEASURES NO. 6) ACT 2013 (NO. 84, 2013) - SCHEDULE 4

Tax Laws Amendment (2011 Measures No. 5) Act 2011

1  Subitem 51(5) of Schedule 2 (heading)

Repeal the heading, substitute:

MITs and the 2010-11, 2011-12, 2012-13 and 2013-14 income years

2  Subitem 51(6) of Schedule 2

Repeal the subitem, substitute:

(6)       The amendments made by this Schedule do not apply to an assessment for an income year mentioned in paragraph (7)(c) unless the trustee of the entity makes a choice in accordance with subitem (7) in relation to the income year or an earlier income year.

3  At the end of subitem 51(7) of Schedule 2

Add:

             ; and (c)  can only be made in relation to the following income years:

                              (i)  the 2010-11 income year;

                             (ii)  the 2011-12 income year;

                            (iii)  the 2012-13 income year;

                            (iv)  the 2013-14 income year.