Commonwealth Consolidated Acts Commonwealth Consolidated ActsNo. 70, 2015
Compilation No. 3
Compilation date: 1 July 2019
Includes amendments up to: Act No. 49, 2019
Registered: 15 July 2019
About this compilation
This compilation
This is a compilation of the Tax and Superannuation Laws Amendment (2015 Measures No. 1) Act 2015 that shows the text of the law as amended and in force on 1 July 2019 (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If a provision of the compiled law has been repealed in accordance with a provision of the law, details are included in the endnotes.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
1 Short title
2 Commencement
3 Schedules
Schedule 1--First Home Saver Accounts
Part 1--Repeals of Acts
First Home Saver Account Providers Supervisory Levy Imposition Act 2008
First Home Saver Accounts Act 2008
Income Tax (First Home Saver Accounts Misuse Tax) Act 2008
Part 2--Consequential amendments
Division 1--Main amendments
Anti-Money Laundering and Counter-Terrorism Financing Act 2006
Australian Prudential Regulation Authority Act 1998
Australian Securities and Investments Commission Act 2001
Financial Institutions Supervisory Levies Collection Act 1998
Fringe Benefits Tax Assessment Act 1986
Income Tax Assessment Act 1936
Income Tax Assessment Act 1997
Superannuation (Government Co-contribution for Low Income Earners) Act 2003
Superannuation Industry (Supervision) Act 1993
Taxation Administration Act 1953
Veterans' Entitlements Act 1986
Division 2--Repeals of Tax Code definitions
Income Tax Assessment Act 1997
Division 3--Other bulk amendments
Income Tax Assessment Act 1997
Part 3--Amendment of the Omnibus Repeal Day (Spring 2014) Act 2015
Omnibus Repeal Day (Spring 2014) Act 2015
Part 4--Application and transitional provisions
Division 1--Definitions
Division 2--General provisions
Division 3--Specific provisions
Schedule 2--Dependent spouse tax offset
Part 1--Main amendments
Income Tax Assessment Act 1936
Income Tax Assessment Act 1997
Part 2--Consequential amendments
Income Tax Assessment Act 1936
Income Tax Assessment Act 1997
Tax and Superannuation Laws Amendment (2014 Measures No. 1) Act 2014
Part 3--Technical amendments
Income Tax Assessment Act 1997
Part 4--Application of amendments
Schedule 3--Offshore banking units
Part 1--Trading in subsidiaries
Income Tax Assessment Act 1936
Part 2--The choice principle
Income Tax Assessment Act 1936
Part 3--Allocation of expenses
Income Tax Assessment Act 1936
Part 4--Eligible OB activities
Income Tax Assessment Act 1936
Part 5--Internal financial dealings
Income Tax Assessment Act 1936
Part 6--Application of amendments
Schedule 4--Exemption for Global Infrastructure Hub Ltd
Part 1--Amendments commencing day after Royal Assent
Income Tax Assessment Act 1997
Part 2--Sunsetting on 1 July 2025
Income Tax Assessment Act 1997
Schedule 5--Deductible gift recipient extensions
Income Tax Assessment Act 1997
Tax and Superannuation Laws Amendment (2013 Measures No. 2) Act 2013
Schedule 6--Miscellaneous amendments
Part 1--General amendments
A New Tax System (Goods and Services Tax) Act 1999
Charities (Consequential Amendments and Transitional Provisions) Act 2013
Fringe Benefits Tax Assessment Act 1986
Income Tax Assessment Act 1997
Income Tax Rates Amendment (Temporary Flood and Cyclone Reconstruction Levy) Act 2011
Minerals Resource Rent Tax (Consequential Amendments and Transitional Provisions) Act 2012
Product Stewardship (Oil) Act 2000
Superannuation (Government Co-contribution for Low Income Earners) Act 2003
Taxation Administration Act 1953
Taxation (Deficit Reduction) Act (No. 3) 1993
Taxation (Interest on Overpayments and Early Payments) Act 1983
Treasury Legislation Amendment (Repeal Day) Act 2015
Part 2--Consequential amendments relating to the Public Governance, Performance and Accountability Act 2013
Australian Charities and Not-for-profits Commission Act 2012
Schedule 7--Investment Manager Regime
Part 1--Main amendments
Income Tax Assessment Act 1997
Part 2--Other amendments
Income Tax Assessment Act 1936
Income Tax Assessment Act 1997
Income Tax (Transitional Provisions) Act 1997
Endnotes
Endnote 1--About the endnotes
Endnote 2--Abbreviation key
Endnote 3--Legislation history
Endnote 4--Amendment history
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 (2015 Measures No. 1) Act 2015 | 70, 2015 | 25 June 2015 | Sch 1 (items 1-192, 195-205): 1 July 2015 (s 2(1) items 2-4, 6) |
|
Tax Laws Amendment (Small Business Measures No. 1) Act 2015 | 66, 2015 | 22 June 2015 | Sch 1 (item 31): 1 July 2015 (s 2(1) item 4) | Sch 1 (item 32) |
Tax and Superannuation Laws Amendment (2016 Measures No. 2) Act 2017 | 15, 2017 | 28 Feb 2017 | Sch 4 (item 96): 1 Apr 2017 (s 2(1) item 12) | -- |
Treasury Laws Amendment (2019 Measures No. 1) Act 2019 | 49, 2019 | 5 Apr 2019 | Sch 3 (items 2, 3): 1 July 2019 (s 2(1) item 10) | -- |
Provision affected | How affected |
s 2..................... | am No 15, 2017; No 49, 2019 |
Schedule 1 |
|
item 114................. | rs No 66, 2015 |
Schedule 4 |
|
Part 2 |
|
Part 2 heading............. | rs No 49, 2019 |