Commonwealth Numbered Acts

TAXATION LAWS AMENDMENT ACT 1986No. 46, 1986 - SECT 47

47. (1) The amendments made by sections 45 and 46 apply to-

   (a)  assessments (not being amended assessments) made on or after 1 July
        1986 in respect of income of the year of income that commenced on 1
        July 1985 or of any subsequent year of income; and

   (b)  the first and any subsequent amendment of such an assessment.

(2) Sub-section 170AA (6) of the Income Tax Assessment Act 1936 applies for
the purposes of sub-section (1) of this section.