Commonwealth Numbered Acts Commonwealth Numbered ActsPart 1—Amendments of Principal Acts
Crimes (Taxation Offences) Act 1980
1 Subsections 9(5) and (6)
Repeal the subsections.
Fringe Benefits Tax Assessment Act 1986
2 Subsection 136(1) (paragraph (q) of the definition of fringe benefit as inserted by item 31 of Schedule 1 to the Taxation Laws Amendment (Trust Loss and Other Deductions) Act 1998 )
Omit "included.", substitute "included; or".
3 Subsection 136(1) (paragraph (q) of the definition of fringe benefit as inserted by item 11 of Schedule 8 to the Taxation Laws Amendment Act (No. 3) 1998 )
Reletter as paragraph (r).
Income Tax Assessment Act 1936
4 Paragraph 103A(3)(a)
Omit "only.", substitute "only;".
5 Subsection 170(10AA) (after table item 20)
Insert:
25 | Subdivision 61-H | Private health insurance offset complementary to the Private Health Insurance Incentives Act 1998 |
6 Application
The amendment made by item 5 applies to assessments in respect of income for the 1998-99 year of income and all later years of income.
7 Subsection 170(10AA) (after table item 180)
Insert:
185 |
Subdivision 375-H | Deductions for shares in a film licensed investment company |
8 Paragraph 170(13)(b)
Omit "63B,".
9 Application
The amendment made by item 8 applies to assessments for the 1998-99 income year and later income years.
10 Subsection 222AOA(3) (the subsection (3) inserted by item 71 of Schedule 1 to the New Business Tax System (Alienation of Personal Services Income) Act 2000 )
Renumber as subsection (4).
11 Subsection 262A(1B)
Omit "(within the meaning of subsection 5(1) of the Banking Act 1959 )".
12 Subsection 262A(1C)
Omit "23AAAB", substitute "50-80 of the Income Tax Assessment Act 1997 ".
13 Application
The amendment made by item 12 applies in relation to income derived on or after 1 July 1997.
14 Section 264BA
Renumber as section 264CA.
15 Subparagraph 245-170(h)(i) in Schedule 2C (the subparagraph 245-170(h)(i) inserted by the Tax Law Improvement Act (No. 1) 1998)
Re-letter as subparagraph (ii).
Income Tax Assessment Act 1997
16 Before section 9-1
Insert:
9-1A Effect of this Division
17 Before section 10-5
Insert:
10-1 Effect of this Division
18 Before section 11-1
Insert:
11-1A Effect of this Division
19 Section 11-15 (table item headed "social security or like payments")
After:
farm household support converted into a grant................................ | 24AIC and 53-25 |
insert:
pension bonus................................................................................... | 52-10 and 52-65 |
20 Before section 12-5
Insert:
12-1 Effect of this Division
21 Section 12-5 (table item headed "bad debts")
Omit:
companies.............................................................................................. | 63A to 63CA |
substitute:
companies...................................................... |
Subdivisions 165-C, 166-C and 175-C |
22 Application
The amendment made by item 21 applies to assessments for the 1998-99 income year and later income years.
23 Section 12-5 (table item headed "Higher Education Contribution Scheme (HECS)")
Omit:
no deduction for unless fringe benefit................................................... |
51(6), 51(6A) |
substitute:
no deduction for unless fringe benefit................................................... | 26-20 |
24 Application
The amendment made by item 23 applies to assessments for the 1997-98 income year and later income years.
25 Before section 13-1
Insert:
13-1A Effect of this Division
26 Section 13-1 (table item headed "dividends")
Omit:
company through a partnership or trust................................................. |
160APQ |
27 Paragraph 25-25(6)(a)
Omit "borrowing", substitute " * borrowing".
28 Subsection 25-30(1)
Omit "borrowed", substitute " * borrowed".
29 Section 26-10 (link note)
Repeal the link note.
International Tax Agreements Act 1953
30 Paragraph (3) of article 8 of the agreement set out in Schedule 27
Omit "pargraphs", substitute "paragraphs".
31 Paragraph (3)(d) of article 5 of the agreement set out in Schedule 29
Omit "maintenace", substitute "maintenance".
32 Paragraph (1) of article 19 of the agreement set out in Schedule 34
Omit "receipient", substitute "recipient".
33 Paragraph (3)(b) of article 5 of the agreement set out in Schedule 37
Omit "mechandise", substitute "merchandise".
34 Paragraph (3)(b) of article 12 of the agreement set out in Schedule 39
Omit "commerical", substitute "commercial".
35 Paragraph (5) of article 12 of the agreement set out in Schedule 39
Omit "deemd", substitute "deemed".
Taxation Administration Act 1953
36 Paragraph 8WA(1AA)(b)
After "(g),", insert "(ga),".
37 Paragraphs 8WB(1A)(a) and (b)
After "(g),", insert "(ga),".
Part 2—Amendments of amending Acts
Aged Care (Consequential Provisions) Act 1997
38 Item 30 of Schedule 5
Omit "to the", substitute "for the".
A New Tax System (Indirect Tax and Consequential Amendments) Act 1999
39 Item 17 of Schedule 7
Repeal the fourth column of proposed table item LE14A.
A New Tax System (Pay As You Go) Act 1999
40 Item 62 of Schedule 2
Omit "is".
A New Tax System (Tax Administration) Act 1999
41 Item 22 of Schedule 6
Omit "60 days", substitute "the 60 days".
42 Item 33 of Schedule 11 (heading)
Omit "160AQH(b)(vi)", substitute "160AQH(1)(b)(vi)".
Income Tax (Consequential Amendments) Act 1997
43 Item 30 of Schedule 1
Omit "(8A) or", substitute "(8A), or".
New Business Tax System (Capital Allowances—Transitional and Consequential) Act 2001
44 Item 219 of Schedule 2
Omit "car depreciation", substitute " * car depreciation".
45 Item 230 of Schedule 2
Omit "quasi-owner of the * plant", substitute " * quasi-owner of the plant".
New Business Tax System (Miscellaneous) Act (No. 2) 2000
46 Subsection 2(6)
Omit " (Taxation Administration) Act (No. 2) 2000 ", substitute " (Tax Administration) Act (No. 1) 2000 ".
47 Item 26 of Schedule 1
Omit "loss year", substitute " * loss year".
48 Item 27 of Schedule 1
Omit "loss year", substitute " * loss year".
49 Item 29 of Schedule 1
Omit "first continuity period or the second", substitute " * first continuity period or the * second".
Taxation Laws Amendment Act (No. 1) 1997
50 Item 8 of Schedule 3
Omit "or right", substitute "or a right".
Taxation Laws Amendment Act (No. 1) 2001
51 Item 9 of Schedule 2
Omit " * hire", substitute "hire".
52 Item 36 of Schedule 2 (heading)
Omit "195-15", substitute "195-35".
Taxation Laws Amendment Act (No. 2) 1999
53 Item 36 of Schedule 1
Omit "employment", substitute "employment income".
Taxation Laws Amendment Act (No. 3) 1997
54 After subsection 2(6)
Insert:
Taxation Laws Amendment Act (No. 3) 1999
55 Items 165 and 167 of Schedule 1
Omit "16%", substitute "20%".
Taxation Laws Amendment Act (No. 3) 2001
56 Item 36 of Schedule 2
Omit "pays", substitute "pay".
Taxation Laws Amendment Act (No. 6) 2001
57 Item 11 of Schedule 5
Omit " * consideration,", substitute " * consideration".
58 Before item 16L of Schedule 6
Insert:
Income Tax Assessment Act 1997
59 Heading before item 17 of
Schedule 6
Repeal the heading.
Taxation Laws Amendment (Company Law Review) Act 1998
60 Item 5 of Schedule 6
Omit "is a dividend", substitute "is a * dividend".
61 Item 8 of Schedule 6
Omit "is a dividend", substitute "is a * dividend".
Taxation Laws Amendment (Private Health Insurance) Act 1998
62 Item 4 of Schedule 2
Omit "23(kca)", substitute "23(kc)".
Taxation Laws Amendment (Research and Development) Act 2001
63 Subsection 2(3)
After "commencement of", insert "Schedule 1 to".
Taxation Laws Amendment (Trust Loss and Other Deductions) Act 1998
64 Subitem 23(4) of Schedule 1
Omit "1997-98 year of income or a day in an earlier", substitute "qualifying".
65 Item 69 of Schedule 6 (heading)
Omit "53H", substitute "53G".
Tax Law Improvement Act (No. 1) 1998
66 Item 373 of Schedule 2
Omit "1991", substitute "1990".
67 Item 374 of Schedule 2
Omit "1991", substitute "1990".
68 Item 519 of Schedule 2 (heading)
Omit "254-255", substitute "245-255".
Part 3—Repeals
A New Tax System (Indirect Tax and Consequential Amendments) Act 1999
69 Item 13 of Schedule 3
Repeal the item.
70 Item 77 of Schedule 3
Repeal the item.
A New Tax System (Tax Administration) Act (No. 2) 2000
71 Item 8A of Schedule 2
Repeal the item.
Financial Sector Reform (Consequential Amendments) Act 1998
72 Item 92 of Schedule 1
Repeal the item.
Social Security and Veterans' Affairs Legislation Amendment (Pension Bonus Scheme) Act 1998
73 Item 1 of Schedule 3
Repeal the item.
Taxation Laws Amendment Act (No. 1) 1998
74 Items 8 and 9 of Schedule 3
Repeal the items.
75 Item 108 of Schedule 11
Repeal the item.
Taxation Laws Amendment Act (No. 2) 2000
76 Items 14, 15, 16 and 17 of Schedule 6
Repeal the items.
77 Item 9 of Schedule 11
Repeal the item.
Taxation Laws Amendment Act (No. 3) 1998
78 Item 19 of Schedule 3
Repeal the item.
Taxation Laws Amendment (Film Licensed Investment Company) Act 1998
79 Item 12 of Schedule 1
Repeal the item.
Taxation Laws Amendment (Landcare and Water Facility Tax Offset) Act 1998
80 Item 10 of Schedule 1
Repeal the item.
Taxation Laws Amendment (Private Health Insurance) Act 1998
81 Item 3 of Schedule 1
Repeal the item.
Taxation Laws (Technical Amendments) Act 1998
82 Item 17 of Schedule 1
Repeal the item.
83 Item 15 of Schedule 4
Repeal the item.
Tax Law Improvement Act (No. 1) 1998
84 Items 95 and 466 of Schedule 2
Repeal the items.
85 Items 3 and 18 of Schedule 3
Repeal the items.
86 Application
An item in a Schedule to an Act that is repealed by an item in this Part is taken never to have had any effect.
Part 4—Amendments to correct asterisks
Taxation Administration Act 1953
87 Paragraph 360-100(1)(b) in Schedule 1
Omit " * inquiry period", substitute "inquiry period".
88 Subsection 360-100(2) in Schedule 1
Omit " * capital gain" (second occurring), substitute "capital gain".
89 Subsection 360-100(2) in Schedule 1
Omit " * capital loss" (second occurring), substitute "capital loss".
90 Paragraph 360-100(3)(a) in Schedule 1
Omit "cars", substitute " * cars".
91 Subsection 360-100(4) in Schedule 1
Omit " * inquiry period", substitute "inquiry period".
92 Paragraphs 360-140(1)(a) and (2)(a) in Schedule 1
Omit " * inquiry period", substitute "inquiry period".
93 Paragraph 360-145(1)(g) in Schedule 1
Omit " * SPOR taxpayer", substitute "SPOR taxpayer".
94 Paragraph 360-145(1)(g) in Schedule 1
Omit " * income tax return", substitute "income tax return".