Tax and Superannuation Laws Amendment (2014 Measures No. 6) Act 2014

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Note: This table relates only to the provisions of this Act as originally enacted.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 Schedules

Legislation that is specified in a Schedule to this Act is amended or repealed as set out in the applicable items in the Schedule concerned, and any other item in a Schedule to this Act has effect according to its terms.

The amendment of any regulation under subsection (1) does not prevent the regulation, as so amended, from being amended or repealed by the Governor-General.

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 Schedule 1 (about roll-overs for business restructures) to this Act; and

the amendment is made for the purpose of giving effect to that Schedule; and

the amendment is made within 2 years after the day that Schedule commences.

(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 Schedule 2 (about MIT withholding regime for foreign pension funds) to this Act; and

the amendment is made for the purpose of giving effect to that Schedule; and

the amendment is made within 2 years after the day that Schedule commences.