194Application of amendments

194 Application of amendments

(1) The amendments made by Parts 1 and 2 of Schedule 4 to the Treasury Laws Amendment (Strengthening Accountability for Tax Adviser Misconduct and Other Measures) Act 2026 apply in relation to an acquisition that is put into effect, or purportedly put into effect, on or after the commencement of that Schedule.

(2) The amendments made by Part 3 of Schedule 4 to the Treasury Laws Amendment (Strengthening Accountability for Tax Adviser Misconduct and Other Measures) Act 2026 apply in relation to a notification of an acquisition if either of the following determinations:

(a) a determination under paragraph 51ABZE(1)(a) in respect of the notification;

(b) a determination under paragraph 51ABZW(1)(a) in respect of a public benefit application that relates to the notification;

is made after the day that is 12 months before the commencement of that Schedule.