Commonwealth Consolidated Acts

TAX LAWS AMENDMENT (2012 MEASURES NO. 6) ACT 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.