Commonwealth Consolidated Acts

INCOME TAX (TRANSITIONAL PROVISIONS) ACT 1997 - SECT 721.25

  (1)   A reference in an agreement to item   25 of the table in subsection   721 - 10(2) of the Income Tax Assessment Act 1997 is taken, from the commencement of this section, to be a reference to item   3 of that table, if:

  (a)   paragraph   721 - 25(1)(a) of that Act 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.

Table of sections

723 - 1   Application of Division   723