Commonwealth Consolidated Acts

TAXATION LAWS AMENDMENT ACT (NO. 2) 1994 - SECT 71

Application

  71.(1) The amendments made by sections 64, 65 and 66 apply in relation to

purchases after 12 noon, by legal time in the Australian Capital Territory, on

12 January 1994.

  (2) The amendments made by sections 67, 69 and 70 apply in relation to

distributions or payments to a taxpayer after 12 noon, by legal time in the

Australian Capital Territory, on 12 January 1994.

  (3) The amendments made by section 68 apply in relation to disposals of

shares by a taxpayer on or after 24 March 1994.

Division 5 - Amendments relating to foreign investment funds and foreign

             life insurance policies

Subdivision A - Holding company exemptions involving insurance, real

                property or mixed activities