Section 94F — Income Tax Assessment Act 1936: Change in composition of limited partnership—election that partnership not be treated as an eligible limited partnership

An election referred to in paragraph 94D(1)(d) in relation to a limited partnership and in relation to a year of income has no effect unless: (a) the partnership passes the continuity of ownership test set out in section 94G; and (b) the election is made: (i) within 6 months after the end of the later of the following years of income: (A) the year of income to which the election relates; (B) the year of income in which the Taxation Laws Amendment Act (No. 6) 1992 received the Royal Assent; or (ii) within such further period as the Commissioner allows.