Commonwealth Consolidated Acts

TAX LAWS AMENDMENT (2004 MEASURES NO. 2) ACT 2004 - NOTES

Act No. 83 of 2004 as amended

This compilation was prepared on 6 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] ...........................

2 Commencement

3 Schedule(s)

Schedule 1--Life insurance companies

Part 1--Amendments commencing on 30 June 2000

Income Tax Assessment Act 1936

Income Tax Assessment Act 1997

Income Tax (Transitional Provisions) Act 1997

Taxation Administration Act 1953

Part 2--Amendments commencing on 30 June 2001

Income Tax Assessment Act 1997

Part 3--Amendments commencing on 24 October 2002

Income Tax Assessment Act 1997

Part 4--Amendment commencing on 19 December 2002

Income Tax Assessment Act 1997

Part 5--Amendments commencing on 30 June 2003

Income Tax Assessment Act 1997

Part 6--Amendments commencing on 17 December 2003

Income Tax Assessment Act 1997

Taxation Administration Act 1953

Part 7--Amendments commencing on Royal Assent

Income Tax Assessment Act 1936

Income Tax Assessment Act 1997

Taxation Administration Act 1953

Part 8--Application of the amendments

Schedule 2--Consolidation etc.

Part 1--Application

Part 2--Certain unit trusts heading consolidated groups

Division 1--Main amendment

Income Tax Assessment Act 1997

Division 2--Related amendments

Income Tax Assessment Act 1936

Part 3--Technical amendments relating to membership rules

Income Tax Assessment Act 1997

Income Tax (Transitional Provisions) Act 1997

Part 4--Cost setting for assets that the head company does not hold under the single entity rule

Income Tax Assessment Act 1997

Income Tax (Transitional Provisions) Act 1997

Part 5--Partnership leaving consolidated group

Income Tax Assessment Act 1997

Part 6--Cost base and reduced cost base for allocable cost amount purposes

Income Tax Assessment Act 1997

Part 7--MEC groups and transitional entities

Income Tax (Transitional Provisions) Act 1997

Part 8--Foreign losses

Income Tax Assessment Act 1936

Income Tax Assessment Act 1997

Part 9--International tax

Division 1--Elections about valuing interests in FIFs held as trading stock

Income Tax Assessment Act 1997

Division 2--Foreign dividend accounts

Income Tax Assessment Act 1997

New Business Tax System (Consolidation and Other Measures) Act 2003

Division 3--Foreign tax credits

Income Tax Assessment Act 1997

Part 10--Liability for payment of tax where head company fails to pay on time

Income Tax Assessment Act 1997

Part 11--Technical amendment of cost base and reduced cost base calculation

Income Tax Assessment Act 1997

Part 12--Financial Corporations (Transfer of Assets and Liabilities) Act 1993

Part 13--Privatised assets

Income Tax Assessment Act 1997

Income Tax (Transitional Provisions) Act 1997

Schedule 3--Venture capital

Income Tax Assessment Act 1936

Income Tax Assessment Act 1997

Schedule 4--FBT housing benefits

Fringe Benefits Tax Assessment Act 1986

Schedule 5--CGT event K6 and demergers

Income Tax Assessment Act 1997

Schedule 6--Deductions for United Medical Protection Limited support payments

Income Tax Assessment Act 1997

Schedule 7--Compulsory third party insurance

A New Tax System (Goods and Services Tax) Act 1999

Schedule 8--Public ambulance services

Fringe Benefits Tax Assessment Act 1986

Income Tax Assessment Act 1997

Schedule 9--Overseas superannuation payments

Income Tax Assessment Act 1936

Schedule 10--Franked distributions received through certain partnerships and trustees

Part 1--Amendments commencing on 1 July 2000

Income Tax Assessment Act 1936

Part 2--Amendments commencing on 29 June 2002

Income Tax Assessment Act 1997

Part 3--Amendments commencing on 30 June 2003

Income Tax Assessment Act 1997

Part 4--Other amendments

Income Tax Assessment Act 1997

Part 5--Application and transitional provisions

Schedule 11--Technical corrections

Income Tax Assessment Act 1936

Schedule 12--Personal service business determinations

Part 1--Amendments applying from the 2000-2001 income year

Income Tax Assessment Act 1997

Part 2--Amendments applying from the income year after the income year in which this Act receives the Royal Assent

Income Tax Assessment Act 1997

Notes