Commonwealth Consolidated Acts Commonwealth Consolidated ActsAct No. 122 of 1997 as amended
This compilation was prepared on 2 September 2010
taking into account amendments up to Act No. 75 of 2010
The text of any of those amendments not in force
on that date is appended in the Notes section
The operation of amendments that have been incorporated may
be
affected by application provisions that are set out in the Notes section
Prepared by the Office of Legislative Drafting and
Publishing,
Attorney‑General's Department, Canberra
Contents
1............ Short title [see Note 1] ....................................................................... 1
2............ Commencement [see Note 1] .............................................................. 1
3............ Schedule(s) .......................................................................................... 2
Schedule 1--Amendment of the Income Tax Assessment Act 1936: various measures 3
Part 1--Special depreciation on trading ships 3
Part 2--Commonwealth education or training payments 4
Part 3--Controlled foreign companies and foreign investment funds 11
Schedule 2--Amendment of the Taxation Laws Amendment Act (No.4) 1995: dividend imputation 14
Schedule 3--Amendment of the Income Tax Assessment Act 1936: employee share schemes 16
Schedule 4--Amendment of the Income Tax Assessment Act 1936: underlying interests in assets for CGT purposes 20
Schedule 5--Amendment of the Income Tax Assessment Act 1936: disposals of small business assets for CGT purposes 44
Part 1--Insertion of Division 17A in Part IIIA 44
Part 2--Consequential amendments 69
Part 3--Application 70
Schedule 6--Amendment of Schedule 2C to the Income Tax Assessment Act 1936: forgiveness of commercial debts 71
Schedule 7--Amendment of the Superannuation Industry (Supervision) Act 1993: tax file numbers 75
Schedule 8--Amendment of the Income Tax Assessment Act 1936: equity investment in small‑medium enterprises 76
Notes 79
Notes to
the
Taxation Laws Amendment Act (No. 1) 1997 Note 1 The Taxation Laws Amendment Act (No. 1) 1997 as
shown in this compilation comprises Act No. 122, 1997 amended as indicated
in the Tables below. Table of Acts
|
Act |
Number |
Date |
Date of commencement |
Application, saving or transitional provisions |
|
122, 1997 |
8 July 1997 |
See s. 2 |
|
|
|
95, 1997 |
30 June 1997 |
Schedule 1 (item 23): Royal Assent |
-- |
|
|
57, 2002 |
3 July 2002 |
Schedule 12 (item 50): (a) |
-- |
|
|
Tax Laws Amendment (2010 Measures No. 2) Act 2010 |
75, 2010 |
28 June 2010 |
Schedule 6 (item 33): 29 June 2010 |
-- |
(a) Subsection 2(1) (item 51) of the Taxation Laws Amendment Act (No. 2) 2002 provides as follows:
(1) Each provision of this Act specified in column 1 of the table commences, or is taken to have commenced, on the day or at the time specified in column 2 of the table.
|
Commencement information |
||
|
Column 1 |
Column 2 |
Column 3 |
|
Provision(s) |
Commencement |
Date/Details |
|
51. Schedule 12, item 50 |
Immediately after the time specified in the Taxation Laws Amendment Act (No. 1) 1997 for the commencement of item 8 of Schedule 3 to that Act |
8 July 1997 |
Table of Amendments
|
ad. = added or inserted am. = amended rep. = repealed rs. = repealed and substituted |
|
|
Provision affected |
How affected |
|
S. 4....................................... |
rep. No. 75, 2010 |
|
Schedule 3 |
|
|
Item 8.................................... |
am. No. 57, 2002 |
|
Schedule 5 |
|
|
Item 4.................................... |
rep. No. 95, 1997 |