Commonwealth Consolidated Acts Commonwealth Consolidated ActsAct No. 58 of 2000 as amended
This compilation was prepared on 30 August 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--CFCs and capital gains tax 3
Part 1--Amendments based on old CGT law 3
Income Tax Assessment Act 1936 3
Part 2--Amendments based on new CGT law 8
Income Tax Assessment Act 1936 8
Schedule 2--Amendments to exempt certain post‑judgment interest 11
Income Tax Assessment Act 1936 11
Income Tax Assessment Act 1997 12
Schedule 3--Franking of dividends 14
Income Tax Assessment Act 1936 14
Taxation Laws Amendment Act (No. 3) 1998 16
Schedule 4--Non‑deductibility of bribes to foreign public officials 17
Income Tax Assessment Act 1997 17
Schedule 5--Non‑deductibility of bribes to public officials 21
Income Tax Assessment Act 1997 21
Schedule 6--Philanthropy 24
Income Tax Assessment Act 1997 24
Income Tax Assessment Act 1936 34
Schedule 7--Rate of tax for friendly societies etc. 35
Taxation (Deficit Reduction) Act (No. 2) 1993 35
Schedule 8--Company Law Review Amendments 36
Part 1--Income Tax Assessment Act 1936 36
Part 2--Income Tax Assessment Act 1997 41
Part 3--Taxation Administration Act 1953 42
Part 4--Application of amendments 43
Schedule 9--Technical amendments 44
Income Tax Assessment Act 1997 44
Schedule 10--Concessional tracing rules for company loss etc. provisions 45
Part 1--Family trust tracing concession for company loss etc. provisions 45
Division 1--Amendment of the Income Tax Assessment Act 1936 45
Division 2--Amendment of the Income Tax Assessment Act 1997 55
Division 3--Application of amendments 64
Part 2--Trust loss amendments related to Part 1 amendments 68
Income Tax Assessment Act 1936 68
Part 3--Non‑fixed trust tracing concession for company loss etc. provisions 70
Division 1--Amendment of the Income Tax Assessment Act 1936 70
Division 2--Amendment of the Income Tax Assessment Act 1997 82
Division 3--Application of amendments 92
Schedule 11--Extension of transitional family trust and interposed entity election provisions 94
Income Tax Assessment Act 1936 94
Taxation Laws Amendment (Trust Loss and Other Deductions) Act 1998 94
Notes 105
Notes to
the
Taxation Laws Amendment Act (No. 2) 2000 Note 1 The Taxation Laws Amendment Act (No. 2) 2000 as
shown in this compilation comprises Act No. 58, 2000 amended as indicated
in the Tables below.
For all relevant information
pertaining to application, saving or transitional provisions see Table
A. Table of Acts
|
Act |
Number |
Date |
Date of commencement |
Application, saving or transitional provisions |
|
58, 2000 |
31 May 2000 |
See s. 2 |
|
|
|
57, 2002 |
3 July 2002 |
Schedule 12 (items 76, 77, 86): Royal Assent |
Sch. 12 (item 86) |
|
|
Tax Laws Amendment (2006 Measures No. 2) Act 2006 |
58, 2006 |
22 June 2006 |
Schedule 7 (item 170): Royal Assent |
-- |
|
Tax Laws Amendment (2010 Measures No. 2) Act 2010 |
75, 2010 |
28 June 2010 |
Schedule 6 (item 52): 29 June 2010 |
-- |
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 6 |
|
|
Items 14-17.......................... |
rep. No. 57, 2002 |
|
Schedule 11 |
|
|
Item 9.................................... |
rep. No. 57, 2002 |
Table A
Application, saving or transitional provisions
Taxation Laws Amendment Act (No. 2) 2002 (No. 57, 2002)
Schedule 12
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.