Commonwealth Consolidated Acts

TAX LAWS AMENDMENT (2007 MEASURES NO. 5) ACT 2007 - NOTES

Act No. 164 of 2007 as amended

This compilation was prepared on 8 July 2011
taking into account amendments up to Act No. 41 of 2011

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)

4 Amendment of assessments

Schedule 1--Tax preferred entities (asset financing)

Part 1--Main amendments

Income Tax Assessment Act 1997

Part 2--Consequential amendments

Development Allowance Authority Act 1992

Income Tax Assessment Act 1936

Income Tax Assessment Act 1997

Taxation Administration Act 1953

Part 3--Application

Schedule 2--Thin capitalisation: excluded equity interests

Income Tax Assessment Act 1997

Schedule 3--Thin capitalisation: groups containing certain ADIs

Income Tax Assessment Act 1997

Schedule 4--Extending the CGT small superannuation funds roll-over on marriage breakdown

Income Tax Assessment Act 1997

Schedule 5--Prime Minister's Prizes

Income Tax Assessment Act 1997

Schedule 6--Removal of the same business test cap

Part 1--Main amendments

Income Tax Assessment Act 1997

Part 2--Consequential amendments

Income Tax Assessment Act 1997

Part 3--Application

Schedule 7--Statutory licences

Part 1--Main amendments

Income Tax Assessment Act 1997

Income Tax (Transitional Provisions) Act 1997

Part 2--Consequential and other amendments

Income Tax Assessment Act 1997

Income Tax (Transitional Provisions) Act 1997

Part 3--Application

Schedule 8--Australian property trusts and stapled securities

Part 1--Main amendments

Income Tax Assessment Act 1936

Income Tax Assessment Act 1997

Part 2--Consequential amendments

Income Tax Assessment Act 1997

Part 3--Application

Schedule 9--Deductible gift recipients

Income Tax Assessment Act 1997

Schedule 10--Streamlining concessions for Australian films and Australian film production

Part 1--Main amendments

Income Tax Assessment Act 1997

Part 2--Consequential and other amendments

Income Tax Assessment Act 1936

Income Tax Assessment Act 1997

Part 3--Repeal of Divisions 10B and 10BA

Income Tax Assessment Act 1936

Income Tax Assessment Act 1997

Income Tax (Transitional Provisions) Act 1997

Part 4--Application and saving provisions

Schedule 11--Research and development

Part 1--Amendment of the Income Tax Assessment Act 1936

Part 2--Amendment of the Industry Research and Development Act 1986

Part 3--Application and transitional provisions

Schedule 12--Innovation Australia

Part 1--Main amendments

Industry Research and Development Act 1986

Pooled Development Funds Act 1992

Part 2--Consequential amendments

Income Tax Assessment Act 1936

Income Tax Assessment Act 1997

Venture Capital Act 2002

Part 3--Transitional provisions

Notes