Tax Laws Amendment (2013 Measures No. 1) Act 2013

2 Commencement

Each provision of this Act specified in column 1 of the table commences, or is taken to have commenced, in accordance with column 2 of the table. Any other statement in column 2 has effect according to its terms.

Note: This table relates only to the provisions of this Act as originally enacted. It will not be amended to deal with any later amendments of this Act.

Any information in column 3 of the table is not part of this Act. Information may be inserted in this column, or information in it may be edited, in any published version of this Act.

3 Schedule(s)

Each Act that is specified in a Schedule to this Act is amended or repealed as set out in the applicable items in the Schedule concerned, and any other item in a Schedule to this Act has effect according to its terms.

4 Amendment of assessments

(1) Section 170 of the Income Tax Assessment Act 1936 does not prevent the amendment of an assessment if:

the assessment was made before the commencement of Part 1 or 2 of Schedule 1 to this Act; and

the amendment is made within 2 years after that commencement; and

the amendment is made for the purpose of giving effect to that Part.

(2) Section 170 of the Income Tax Assessment Act 1936 does not prevent the amendment of an assessment if:

the assessment was made before the commencement of subitem 20(2) of Schedule 1 to this Act; and

the amendment is made within 2 years after that commencement; and

the amendment is made for the purpose of giving effect to a choice made under that subitem.

Note: Schedule 1 to this Act deals with the scrip for scrip roll-over, small business entity and other concessions.