Contents

1............ Short title............................................................................................. 1

2............ Commencement................................................................................... 2

3............ Schedules............................................................................................ 2

4............ Amendment of assessments................................................................ 3

Schedule 1--Tax relief for certain mining arrangements                             4

Part 1--Interest realignment arrangements                                                        4

Income Tax Assessment Act 1997                                                                              4

Income Tax (Transitional Provisions) Act 1997                                                  14

Part 2--Farm-in farm-out arrangements                                                            16

Income Tax Assessment Act 1997                                                                            16

Part 3--Mining, quarrying or prospecting information                              25

Income Tax Assessment Act 1997                                                                            25

Schedule 2--In-house software                                                                                   26

Income Tax Assessment Act 1997                                                                            26

Schedule 3--Instalment trusts                                                                                      27

Income Tax Assessment Act 1997                                                                            27

Income Tax (Transitional Provisions) Act 1997                                                  34

Taxation Administration Act 1953                                                                         35

Schedule 4--Company losses                                                                                        36

Part 1--Changes in company ownership                                                           36

Division 1--Main amendments                                                                              36

Income Tax Assessment Act 1997                                                                            36

Division 2--Other amendments                                                                              45

Income Tax Assessment Act 1997                                                                            45

Income Tax (Transitional Provisions) Act 1997                                                  53

Part 2--Same business test                                                                                       55

Income Tax Assessment Act 1997                                                                            55

Part 3--Shares held by certain entities                                                               56

Income Tax Assessment Act 1997                                                                            56

 

 

 

Tax and Superannuation Laws Amendment (2015 Measures No. 2) Act 2015

No. 130, 2015

 

An Act to amend the law relating to taxation, and for related purposes

[Assented to 16 September 2015]

The Parliament of Australia enacts: