Commonwealth Consolidated Acts

INCOME TAX ASSESSMENT ACT 1997 - SECT 4.5

                   If a provision of this Act uses the expression you , it applies to entities generally, unless its application is expressly limited.

Note 1:       The expression you is not used in provisions that apply only to entities that are not individuals.

Note 2:       For circumstances in which the identity of an entity that is a managed investment scheme for the purposes of the Corporations Act 2001 is not affected by changes to the scheme, see Subdivision 960‑E of the Income Tax (Transitional Provisions) Act 1997 .