Commonwealth Consolidated Acts Commonwealth Consolidated ActsNo. 21, 2015
Compilation No. 2
Compilation date: 29 March 2018
Includes amendments up to: Act No. 15, 2018
Registered: 4 April 2018
About this compilation
This compilation
This is a compilation of the Tax and Superannuation Laws Amendment (2014 Measures No. 7) Act 2015 that shows the text of the law as amended and in force on 29 March 2018 (the compilation date).
The notes at the end of this compilation (the endnotes) include information about amending laws and the amendment history of provisions of the compiled law.
Uncommenced amendments
The effect of uncommenced amendments is not shown in the text of the compiled law. Any uncommenced amendments affecting the law are accessible on the Legislation Register (www.legislation.gov.au). The details of amendments made up to, but not commenced at, the compilation date are underlined in the endnotes. For more information on any uncommenced amendments, see the series page on the Legislation Register for the compiled law.
Application, saving and transitional provisions for provisions and amendments
If the operation of a provision or amendment of the compiled law is affected by an application, saving or transitional provision that is not included in this compilation, details are included in the endnotes.
Editorial changes
For more information about any editorial changes made in this compilation, see the endnotes.
Modifications
If the compiled law is modified by another law, the compiled law operates as modified but the modification does not amend the text of the law. Accordingly, this compilation does not show the text of the compiled law as modified. For more information on any modifications, see the series page on the Legislation Register for the compiled law.
Self-repealing provisions
If a provision of the compiled law has been repealed in accordance with a provision of the law, details are included in the endnotes.
Contents
2 Commencement
3 Schedules
4 Amendment of assessments
Schedule 1--Excess non-concessional superannuation contributions tax reforms
Income Tax Assessment Act 1997
Taxation Administration Act 1953
Schedule 2--Transferring tax investigation function to Inspector-General of Taxation
Part 1--Main amendments
Inspector-General of Taxation Act 2003
Part 2--Other amendments
Income Tax Assessment Act 1936
Taxation Administration Act 1953
Part 3--Application and transitional provisions
Schedule 3--CGT exemption for compensation and insurance
Income Tax Assessment Act 1997
Schedule 4--Providing certainty for superannuation fund mergers
Part 1--Main amendments
Income Tax Assessment Act 1997
Income Tax (Transitional Provisions) Act 1997
Taxation Administration Act 1953
Part 2--Other amendments
Income Tax Assessment Act 1997
Schedule 5--Disclosing tax information relating to proceeds of crime orders
Taxation Administration Act 1953
Schedule 6--Exploration development incentive
Part 1--Main amendments
Income Tax Assessment Act 1997
Part 2--Other amendments
Income Tax Assessment Act 1936
Income Tax Assessment Act 1997
Taxation Administration Act 1953
Part 3--Repeal of Division 418
Income Tax Assessment Act 1936
Income Tax Assessment Act 1997
Taxation Administration Act 1953
Part 4--Application and saving provisions
Division 1--Application of amendments
Division 2--Savings provisions relating to repeal of Division 418
Schedule 7--Miscellaneous amendments
Part 1--Amendments commencing on the day after this Act receives the Royal Assent
A New Tax System (Goods and Services Tax) Act 1999
Income Tax Assessment Act 1936
Income Tax Assessment Act 1997
Income Tax (Transitional Provisions) Act 1997
Petroleum Resource Rent Tax Assessment Act 1987
Retirement Savings Accounts Act 1997
Superannuation Guarantee (Administration) Act 1992
Superannuation Industry (Supervision) Act 1993
Superannuation (Productivity Benefit) Act 1988
Taxation Administration Act 1953
Part 2--Other amendments
Petroleum Resource Rent Tax Assessment Act 1987
Superannuation Laws Amendment (Capital Gains Tax Relief and Other Efficiency Measures) Act 2012
Superannuation Legislation Amendment (Further MySuper and Transparency Measures) Act 2012
Tax and Superannuation Laws Amendment (2013 Measures No. 2) Act 2013
Tax Laws Amendment (2013 Measures No. 2) Act 2013
Endnotes
Endnote 1--About the endnotes
Endnote 2--Abbreviation key
Endnote 3--Legislation history
Endnote 4--Amendment history
Endnote 5--Editorial changes
The endnotes provide information about this compilation and the compiled law.
The following endnotes are included in every compilation:
Endnote 1--About the endnotes
Endnote 2--Abbreviation key
Endnote 3--Legislation history
Endnote 4--Amendment history
Abbreviation key--Endnote 2
The abbreviation key sets out abbreviations that may be used in the endnotes.
Legislation history and amendment history--Endnotes 3 and 4
Amending laws are annotated in the legislation history and amendment history.
The legislation history in endnote 3 provides information about each law that has amended (or will amend) the compiled law. The information includes commencement details for amending laws and details of any application, saving or transitional provisions that are not included in this compilation.
The amendment history in endnote 4 provides information about amendments at the provision (generally section or equivalent) level. It also includes information about any provision of the compiled law that has been repealed in accordance with a provision of the law.
Editorial changes
The Legislation Act 2003 authorises First Parliamentary Counsel to make editorial and presentational changes to a compiled law in preparing a compilation of the law for registration. The changes must not change the effect of the law. Editorial changes take effect from the compilation registration date.
If the compilation includes editorial changes, the endnotes include a brief outline of the changes in general terms. Full details of any changes can be obtained from the Office of Parliamentary Counsel.
Misdescribed amendments
A misdescribed amendment is an amendment that does not accurately describe the amendment to be made. If, despite the misdescription, the amendment can be given effect as intended, the amendment is incorporated into the compiled law and the abbreviation "(md)" added to the details of the amendment included in the amendment history.
If a misdescribed amendment cannot be given effect as intended, the abbreviation "(md not incorp)" is added to the details of the amendment included in the amendment history.
ad = added or inserted | o = order(s) |
am = amended | Ord = Ordinance |
amdt = amendment | orig = original |
c = clause(s) | par = paragraph(s)/subparagraph(s) |
C[x] = Compilation No. x | /sub-subparagraph(s) |
Ch = Chapter(s) | pres = present |
def = definition(s) | prev = previous |
Dict = Dictionary | (prev ... ) = previously |
disallowed = disallowed by Parliament | Pt = Part(s) |
Div = Division(s) | r = regulation(s)/rule(s) |
ed = editorial change | reloc = relocated |
exp = expires/expired or ceases/ceased to have | renum = renumbered |
effect | rep = repealed |
F = Federal Register of Legislation | rs = repealed and substituted |
gaz = gazette | s = section(s)/subsection(s) |
LA = Legislation Act 2003 | Sch = Schedule(s) |
Sdiv = Subdivision(s) | |
(md) = misdescribed amendment can be given | SLI = Select Legislative Instrument |
effect | SR = Statutory Rules |
(md not incorp) = misdescribed amendment | Sub-Ch = Sub-Chapter(s) |
cannot be given effect | SubPt = Subpart(s) |
mod = modified/modification | underlining = whole or part not |
No. = Number(s) | commenced or to be commenced |
Endnote 3--Legislation history
Act | Number and year | Assent | Commencement | Application, saving and transitional provisions |
Tax and Superannuation Laws Amendment (2014 Measures No. 7) Act 2015 | 21, 2015 | 19 Mar 2015 | Sch 1, 3, 5, 7 (items 1-43, 51): 20 Mar 2015 (s 2(1) items 2, 4, 6, 15, 20) |
|
Tax and Superannuation Laws Amendment (2016 Measures No. 2) Act 2017 | 15, 2017 | 28 Feb 2017 | Sch 4 (items 94, 95): 1 Apr 2017 (s 2(1) item 12) | -- |
Treasury Laws Amendment (Junior Minerals Exploration Incentive) Act 2018 | 15, 2018 | 28 Mar 2018 | Sch 2: 29 Mar 2018 (s 2(1) item 6) | -- |
Endnote 4--Amendment history
Provision affected | How affected |
s 2..................... | am No 15, 2017; No 15, 2018 |
| ed C2 |
Schedule 6 |
|
item 21.................. | rep No 15, 2017 |
In preparing this compilation for registration, the following kinds of editorial change(s) were made under the Legislation Act 2003 .
Subsection 2(1) (table item 14)
Kind of editorial change
Renumbering of provisions
Details of editorial change
Schedule 2 item 2 of the Treasury Laws Amendment (Junior Minerals Exploration Incentive) Act 2018 provides as follows:
2 Subsection 2(1) (table item 14)
Repeal the item, substitute:
12. Schedule 6, Part 4, Division 2 | 1 July 2020. However, the provisions do not commence at all if Parts 1 and 2 of Schedule 1 to the Treasury Laws Amendment (Junior Minerals Exploration Incentive) Act 2018 commence before 1 July 2020. |
|
Item 2 repeals subsection 2(1) (table item 14) and substitutes subsection 2(1) (table item 12). Subsection 2(1) (table item 12) already appears.
This compilation was editorially changed by renumbering the provision inserted by Schedule 2 item 2 as subsection 2(1) (table item 14).