Commonwealth Consolidated Acts

NEW BUSINESS TAX SYSTEM (CONSOLIDATION AND OTHER MEASURES) ACT 2003

TABLE OF PROVISIONS

           Long Title

   1.      Short title  
   2.      Commencement  
   3.      Schedule(s)  
           SCHEDULE 1 Consolidation: amendments of various cost base provisions
           SCHEDULE 2 Consolidation: beneficial ownership
           SCHEDULE 3 Consolidation: technical amendment of membership rules
           SCHEDULE 4 Consolidation: adjustments for errors etc.
           SCHEDULE 5 Consolidation: imputation rules
           SCHEDULE 6 Consolidation: life insurance companies
           SCHEDULE 7 Consolidation: interactions between Consolidation rules and other rules
           SCHEDULE 8 Consolidation: various provisions about CFCs, FIFs and FLPs
           SCHEDULE 9 Consolidation: foreign dividend accounts
           SCHEDULE 10 Consolidation: offshore banking units
           SCHEDULE 11 Consolidation: application of rules to MEC groups
           SCHEDULE 12 Consolidation: MEC group cost setting rules
           SCHEDULE 13 Consolidation: MEC groups and losses
           SCHEDULE 14 Consolidation: liability rules
           SCHEDULE 15 Consolidation: general application provision
           SCHEDULE 16 Consolidation: transitional foreign-held membership structures
           SCHEDULE 17 Consolidation: transitional cost setting rule relating to roll-overs
           SCHEDULE 18 Consolidation: extra transitional provision for foreign tax credits
           SCHEDULE 19 Consolidation: amendment of losses rules
           SCHEDULE 20 Consolidation: transfers of losses involving financial corporations
           SCHEDULE 21 Consolidation: CGT events relating to various cost base provisions
           SCHEDULE 22 Consolidation: thin capitalisation
           SCHEDULE 23 Consolidation: research and development
           SCHEDULE 24 Consolidation: pay as you go (PAYG) instalments
           SCHEDULE 25 Value shifting
           SCHEDULE 26 Loss integrity rules: global method of valuing assets
           SCHEDULE 27 Venture capital franking
           SCHEDULE 28 Machinery provisions for simplified imputation system
           SCHEDULE 29 Consequential amendments relating to the simplified imputation system
           SCHEDULE 30 The effect of a cum dividend sale or securities lending arrangement under the simplified imputation system