Commonwealth Numbered Acts Commonwealth Numbered Acts
No. 71, 2012
Contents
1............ Short title............................................................................................. 1
2............ Commencement................................................................................... 2
3............ Schedule(s)......................................................................................... 3
Schedule 1--Disallow deductions against rebatable benefits 4
Income Tax Assessment Act 1997 4
Schedule 2--Limiting the trading stock exception for superannuation funds 6
Income Tax Assessment Act 1997 6
Schedule 3--Tax exemption for payments to individuals for recent floods 8
Part 1--Main amendments 8
Income Tax Assessment Act 1997 8
Part 2--Sunsetting on 1 July 2015 9
Income Tax Assessment Act 1997 9
Schedule 4--Phasing out the dependent spouse tax offset 10
Income Tax Assessment Act 1936 10
Schedule 5--Miscellaneous amendments to the taxation laws 12
Income Tax Assessment Act 1997 12
Minerals Resource Rent Tax Act 2012 12
Taxation Administration Act 1953 14
Tax Laws Amendment (2012 Measures No. 1) Act 2012
No. 71, 2012
An Act to amend the law relating to taxation, and for related purposes
[Assented to 27 June 2012]
The Parliament of Australia enacts:
[Minister's second reading speech made in--
House of Representatives on 21 March 2012
Senate on 10 May 2012]
(36/12)