Commonwealth Consolidated Acts

TAX LAWS AMENDMENT (2006 MEASURES NO. 3) ACT 2006 - NOTES

Act No. 80 of 2006 as amended

This compilation was prepared on 2 April 2012
taking into account amendments up to Act No. 12 of 2012

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--Cyclone Larry and Cyclone Monica income support payments

Income Tax Assessment Act 1936

Income Tax Assessment Act 1997

Schedule 2--Non-assessable, non-exempt income relating to Cyclones Larry and Monica

Schedule 3--Interim income support payments

Income Tax Assessment Act 1936

Income Tax Assessment Act 1997

Schedule 4--Simplified imputation system (share capital tainting rules)

Part 1--The rewritten share capital tainting rules

Division 1--Amendment

Income Tax Assessment Act 1997

Division 2--Application and transitional provisions

Income Tax (Transitional Provisions) Act 1997

Part 2--Consequential amendments relating to rewritten share capital tainting rules

Division 1--Amendments

Income Tax Assessment Act 1936

Income Tax Assessment Act 1997

Taxation Administration Act 1953

Division 2--Application provision

Part 3--Amendment of the old share capital tainting rules

Division 1--Amendments

Income Tax Assessment Act 1936

Division 2--Application provision

Part 4--Relocating the definition of share capital account

Division 1--Main amendment

Income Tax Assessment Act 1997

Division 2--Consequential amendments

Income Tax Assessment Act 1936

Income Tax Assessment Act 1997

Division 3--Application provision

Schedule 5--Government grants

Income Tax Assessment Act 1997

Schedule 6--Tax offset for Medicare levy surcharge (lump sum payments in arrears)

A New Tax System (Medicare Levy Surcharge--Fringe Benefits) Act 1999

Income Tax Assessment Act 1936

Income Tax Assessment Act 1997

Income Tax (Transitional Provisions) Act 1997

Medicare Levy Act 1986

Taxation Administration Act 1953

Schedule 7--Reporting superannuation contributions

Superannuation Guarantee (Administration) Act 1992

Taxation Administration Act 1953

Schedule 8--Exclusion for fringe benefits to address personal security concern

Fringe Benefits Tax Assessment Act 1986

Schedule 9--Pre-1 July 88 funding credits

Income Tax Assessment Act 1936

Schedule 10--Allowing certain funds to obtain an ABN

A New Tax System (Australian Business Number) Act 1999

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

Schedule 11--Deductible gift categories

Part 1--Amendments

Income Tax Assessment Act 1997

Part 2--Application and transitional provisions

Schedule 12--GST treatment of gift-deductible entities

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

Schedule 13--Technical correction

Tax Laws Amendment (Improvements to Self Assessment) Act (No. 2) 2005

Schedule 14--Wine equalisation tax

A New Tax System (Wine Equalisation Tax) Act 1999

Schedule 15--GST treatment of residential premises

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

Notes