Commonwealth Consolidated Acts

INCOME TAX (TRANSITIONAL PROVISIONS) ACT 1997 - SECT 30.15

             (1)  Written guidelines made by the Minister for Communications and the Arts under subsection 78(6C) of the Income Tax Assessment Act 1936 that are in force at the end of the 1996‑97 income year are taken, in the 1997‑98 income year or a later income year, to be written guidelines made by the Arts Minister under section 30‑235 of the Income Tax Assessment Act 1997 .

Note:          The Arts Minister must decide an application for a certificate approving a gift as a testamentary gift in accordance with these guidelines.

             (2)  They have effect in the 1997‑98 income year or a later income year as if a reference in them to a provision of the Income Tax Assessment Act 1936 were a reference to the corresponding provision of the Income Tax Assessment Act 1997 .