Commonwealth Consolidated Acts Commonwealth Consolidated ActsAct No. 101 of 2003 as amended
This compilation was prepared on 23 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 .................................................................................. 1
3............ Schedule(s) .......................................................................................... 5
5............ No tax consequences result from AGL's corporate conversion etc. .. 5
Schedule 1--Income tax deductions for gifts 9
Part 1--Amendments 9
Income Tax Assessment Act 1936 9
Income Tax Assessment Act 1997 9
Part 2--Application of amendments 13
Schedule 2--Employee share schemes 14
Part 1--Income Tax Assessment Act 1997 14
Part 2--Income Tax (Transitional Provisions) Act 1997 17
Part 3--Fringe Benefits Tax Assessment Act 1986 19
Schedule 3--Franking of distributions by co‑operatives 20
Income Tax Assessment Act 1936 20
Income Tax Assessment Act 1997 21
Schedule 4--Reasonable benefit limits 23
Income Tax Assessment Act 1936 23
Schedule 5--Petroleum resource rent tax 24
Petroleum Resource Rent Tax Assessment Act 1987 24
Schedule 6--Technical amendments 27
A New Tax System (Family Assistance and Related Measures) Act 2000 27
A New Tax System (Goods and Services Tax) Act 1999 27
A New Tax System (Pay As You Go) Act 1999 27
A New Tax System (Tax Administration) Act (No. 2) 2000 27
Income Tax Assessment Act 1936 27
Income Tax Assessment Act 1997 29
Superannuation Legislation Amendment Act (No. 3) 1999 31
Taxation Administration Act 1953 31
Taxation Laws Amendment Act (No. 3) 1999 31
Taxation Laws Amendment Act (No. 4) 1997 32
Taxation Laws Amendment Act (No. 4) 2000 32
Taxation Laws Amendment Act (No. 7) 2000 32
Tax Law Improvement Act (No. 1) 1998 32
Notes 35
Notes to
the
Taxation Laws Amendment Act (No. 3) 2003 Note 1 The Taxation Laws Amendment Act (No. 3) 2003 as
shown in this compilation comprises Act No. 101, 2003 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 |
|
101, 2003 |
14 Oct 2003 |
See s. 2(1) |
|
|
|
67, 2003 |
30 June 2003 |
Schedule 10 (items 13-16): 14 Oct 2003 |
-- |
|
|
Tax Laws Amendment (Loss Recoupment Rules and Other Measures) Act 2005 |
147, 2005 |
14 Dec 2005 |
Schedule 5 (items 19, 20): Royal Assent |
Sch. 5 (item 20) |
|
Tax Laws Amendment (2010 Measures No. 2) Act 2010 |
75, 2010 |
28 June 2010 |
Schedule 6 (item 67): 29 June 2010 |
-- |
Table of Amendments
|
ad. = added or inserted am. = amended rep. = repealed rs. = repealed and substituted |
|
|
Provision affected |
How affected |
|
S. 2....................................... |
am. No. 67, 2003 |
|
S. 4....................................... |
rep. No. 75, 2010 |
|
Schedule 2 |
|
|
Item 12.................................. |
am. No. 147, 2005 |
|
Schedule 3 |
|
|
Item 2.................................... |
rs. No. 67, 2003 |
|
Heading to item 4.................. |
rs. No. 67, 2003 |
|
Item 4.................................... |
am. No. 67, 2003 |
Table A
Application, saving or transitional provisions
Tax Laws Amendment (Loss Recoupment Rules and Other Measures) Act 2005 (No. 147, 2005)
Schedule 5
20 Application
(1) The amendments made by this Schedule apply, and are taken to have applied, to acquisitions of shares or rights on or after 1 July 2004.
(2) In this item:
acquisition, of a share or right:
(a) in relation to the application of items 1 to 3, 15, 17 and 18 of this Schedule, has the same meaning as in section 26AAC of the Income Tax Assessment Act 1936; or
(b) in relation to the application of items 4 to 14, 16 and 19 of this Schedule, has the same meaning as in Division 13A of Part III of the Income Tax Assessment Act 1936.