Commonwealth Consolidated Acts

INCOME TAX (TRANSITIONAL PROVISIONS) ACT 1997 - SECT 721.25

             (1)  A reference in an agreement to item 25 of the table in subsection 721-10(2) of the Income Tax Assessment Act 1997 is taken, from the commencement of this section, to be a reference to item 3 of that table, if:

                     (a)  paragraph 721-25(1)(a) of that Act applies to the agreement; and

                     (b)  the agreement was in force just before the commencement of this section.

             (2)  This section applies in relation to tax to which Division 5 of the Income Tax Assessment Act 1997 applies.