(a) immediately before the day (the commencement day) that Schedule 1 to the Treasury Laws Amendment (2023 Measures No. 2) Act 2023 commences a person holds an interest in the superannuation fund; and

immediately before the commencement day the Commonwealth guarantees under subsection (3) the due payment of any amount in respect of the person; and

on or after the commencement day:

(i) the interest is transferred from the superannuation fund to a successor fund (within the meaning of the Income Tax Assessment Act 1997); and

the successor fund is a regulated superannuation fund;

any amount included in your assessable income under section 82-65, 82-70 or 302-145 (certain employment termination payments and superannuation benefits); and

any *net capital gain included in your assessable income under Division 102.

any amount of your *basic assessable income for the current year that was *derived from, or resulted from, your carrying on a *primary production business; and

any amount included in your assessable income under section 420-25 for the current year because you cease to *hold a *primary producer registered emissions unit; and

any amount of your basic assessable income for the current year to the extent that:

you are a beneficiary of a trust that is carrying on a primary production business; and

the amount is your share of the trust’s *net income that is attributable to, or resulted from, an amount being included in the trust’s assessable income under section 420-25 because the trust ceases to hold an *Australian carbon credit unit; and

the unit would have been a primary producer registered emissions unit if you had started to hold, held and ceased to hold the unit instead of the trust; and

any amount of your basic assessable income for the current year to the extent that:

you are a partner in a partnership that is carrying on a primary production business; and

(ii) the amount is your share of the partnership’s net income that is attributable to, or resulted from, an amount being included in the partnership’s assessable income under holding partner) in the partnership ceases to hold a primary producer registered emissions unit; andsection 420-25 because a partner (the

the unit would still have been a primary producer registered emissions unit if each other partner in the partnership had started to hold, held and ceased to hold the unit instead of the holding partner; and

any amount of your basic assessable income for the current year that was derived from, or resulted from, an *arrangement with a *carbon service provider to the extent that:

the arrangement relates to the provider starting to hold, holding or ceasing to hold an Australian carbon credit unit; and

the unit would have been a primary producer registered emissions unit if you were starting to hold, holding or ceasing to hold the unit (as applicable) instead of the provider; and

the amount does not relate to you giving the provider a *quasi-ownership right over land.

all amounts you can deduct that relate exclusively to the amount referred to in paragraph (2)(a); and

so much of any other amounts you can deduct (other than *apportionable deductions) to the extent that they reasonably relate to the amount referred to in paragraph (2)(a); and

so much of any other amounts you can deduct for the current year in relation to expenditure you incur in:

starting to *hold a *primary producer registered emissions unit; or

holding such a unit; or

ceasing to hold such a unit; and

so much of any other amounts you can deduct for the current year in relation to expenditure you incur under an *arrangement with a *carbon service provider to the extent that:

the arrangement relates to the provider starting to hold, holding or ceasing to hold an *Australian carbon credit unit; and

the unit would have been a primary producer registered emissions unit if you were starting to hold, holding or ceasing to hold the unit (as applicable) instead of the provider; and

the expenditure does not relate to you giving the provider a *quasi-ownership right over land.

the unit is an *Australian carbon credit unit; and

you are an individual; and

your holding of the unit starts on or after 1 July 2022 because the unit:

(i) is issued to you under the Carbon Credits (Carbon Farming Initiative) Act 2011 in relation to an eligible offsets project (within the meaning of that Act); or

is transferred to you by a *carbon service provider that was holding the unit because the unit was issued to the provider on or after 1 July 2022 under that Act in relation to such a project; and

at all times while the project is carried on, a *primary production business is carried on:

in the same area as the project; or

in an area connected to an area in which the project is carried on; and

at all times while the project is carried on, you are:

carrying on a primary production business covered by paragraph (d); or

a beneficiary of a trust that is carrying on a primary production business covered by paragraph (d); or

a partner in a partnership that is carrying on a primary production business covered by paragraph (d).

Division 392 (long-term averaging of primary producers’ tax liability); or

Division 393 (farm management deposits);

Division 392 (long-term averaging of primary producers’ tax liability); or

Division 393 (farm management deposits);

for an instalment quarter for the 2023-24 income year; and

that becomes due on or after the commencement of this Part.

assisting earlier access to the housing market by:

single parents with dependants; and

legal guardians of children where the legal guardian is single; and

assisting earlier access to the housing market by individuals who have not held an ownership interest in real property in Australia in the last 10 years.