TAX LAWS AMENDMENT (TRANSFER OF PROVISIONS) ACT 2010 (NO. 79, 2010)

Contents

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

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

3............ Schedule(s).......................................................................................... 2

Schedule 1--Collection and recovery of tax 3

Part 1--Main amendments 3

Income Tax Assessment Act 1936 3

Income Tax Assessment Act 1997 3

Taxation Administration Act 1953 7

Part 2--Consequential amendments 36

Administrative Decisions (Judicial Review) Act 1977 36

Corporations Act 2001 36

Higher Education Support Act 2003 36

Income Tax Assessment Act 1936 36

Income Tax Assessment Act 1997 38

Income Tax (Transitional Provisions) Act 1997 39

Social Security Act 1991 39

Student Assistance Act 1973 40

Taxation Administration Act 1953 40

Part 3--Application, transitional and saving provisions 43

Division 1--Preliminary 43

Division 2--Division 5 of the Income Tax Assessment Act 1997 43

Income Tax (Transitional Provisions) Act 1997 43

Division 3--Security deposits 45

Division 4--Estimates 45

Division 5--Directors' obligations 48

Division 6--Provisions relating to former provisions of the Income Tax Assessment Act 1936 49

Schedule 2--Forgiveness of commercial debts 51

Part 1--Main amendments 51

Income Tax Assessment Act 1936 51

Income Tax Assessment Act 1997 51

Income Tax (Transitional Provisions) Act 1997 80

Part 2--Consequential amendments 82

Income Tax Assessment Act 1936 82

Income Tax Assessment Act 1997 82

Schedule 3--Leases of luxury cars 87

Part 1--Main amendments 87

Income Tax Assessment Act 1936 87

Income Tax Assessment Act 1997 87

Part 2--Consequential amendments 101

Income Tax Assessment Act 1997 101

Part 3--Application and transitional provisions 109

Income Tax (Transitional Provisions) Act 1997 109

Schedule 4--Farm management deposits 110

Part 1--Main amendments 110

Income Tax Assessment Act 1936 110

Income Tax Assessment Act 1997 110

Taxation Administration Act 1953 127

Part 2--Consequential amendments 129

Farm Household Support Act 1992 129

Income Tax Assessment Act 1936 129

Income Tax Assessment Act 1997 132

Taxation Administration Act 1953 134

Part 3--Application and transitional provisions 135

Income Tax (Transitional Provisions) Act 1997 135

Schedule 5--General insurance 138

Part 1--Main amendments 138

Income Tax Assessment Act 1936 138

Income Tax Assessment Act 1997 138

Part 2--Consequential amendments 145

Income Tax Assessment Act 1936 145

Income Tax Assessment Act 1997 145

Commonwealth Numbered Acts

TAX LAWS AMENDMENT (TRANSFER OF PROVISIONS) ACT 2010 (NO. 79, 2010) - NOTES