Commonwealth Consolidated Acts Commonwealth Consolidated ActsPart 1 -- Asterisking in operative provisions
1 Subsection 36 - 10(3)
Omit "exempt" (first occurring), substitute " * exempt".
2 Subsection 36 - 20(1)
Omit "total exempt", substitute "total * exempt".
3 Paragraphs 36 - 20(2)(a) and (b)
Omit "exempt" (first occurring), substitute " * exempt".
4 Subsection 36 - 20(3)
Omit "is exempt income", substitute "is * exempt income".
5 Subsection 70 - 30(3)
Omit "your trading stock", substitute "your * trading stock".
6 Paragraph 165 - 75(2)(b)
Repeal the paragraph, substitute:
(b) the * company's share of each * notional loss (if any) of a partnership for the period;
7 Paragraph 165 - 75(2)(d)
Repeal the paragraph, substitute:
(b) the * company's share of each * notional net income (if any) of a partnership for the period;
8 Subsection 165 - 75(3)
Omit " * income total exceeds the * loss total", substitute "income total exceeds the loss total".
9 Subsection 165 - 80(2)
Omit "notional loss or notional net income", substitute " notional loss or notional net income ".
10 Subsection 165 - 80(3)
Omit "company's share", substitute " company's share ".
11 Subsection 165 - 80(4)
Omit "company's share", substitute " company's share ".
12 Subsection 165 - 85(2)
Omit " * notional net income or * notional loss", substitute " notional net income or notional loss ".
13 Subsection 165 - 85(3)
Omit "company's share", substitute " company's share ".
14 Subsection 165 - 90(2)
Omit "company's share", substitute " * company's share".
15 Subsection 165 - 90(3)
Omit "company's share", substitute " company's share ".
16 Subsection 165 - 90(4)
Omit "company's share", substitute " company's share ".
17 Subsection 165 - 90(5)
Omit "company's share", substitute " company's share ".
18 Subsection 166 - 10(3)
Omit " * holding", substitute "holding".
19 Paragraph 166 - 10(4)(b)
Omit " * holding", substitute "holding".
20 Subsection 166 - 30(3)
Omit " * holding", substitute "holding".
21 Paragraph 166 - 30(4)(b)
Omit " * holding", substitute "holding".
22 Subsection 166 - 145(2)
Omit " * listed" (twice occurring), substitute "listed".
23 Subsection 166 - 145(3)
Omit " * listed" (twice occurring), substitute "listed".
24 Subsection 166 - 145(3)
Omit " * dividends", substitute "dividends".
25 Subsection 166 - 145(4)
Omit " * listed" (twice occurring), substitute "listed".
26 Subsection 995 - 1(1)
Insert:
"company's share" :
(a) of a partnership's * notional loss or * notional net income--has the meaning given by sections 165 - 80 and 165 - 85; and
(b) of a partnership's * full year deductions--has the meaning given by sections 165 - 90.
27 Subsection 995 - 1(1) (definition of notional loss )
Repeal the definition, substitute:
"notional loss" :
(a) of a company--has the meaning given by sections 165 - 50 and 165 - 75; and
(b) of a partnership--has the meaning given by sections 165 - 80 and 165 - 85.
28 Subsection 995 - 1(1)
Insert:
"notional net income" of a partnership has the meaning given by sections 165 - 80 and 165 - 85.
Part 2 -- Removing asterisks from Guide material
29 Subsections 6 - 1(1), (2), (3) and (4)
Repeal the subsections, substitute:
(1) Assessable income consists of ordinary income and statutory income.
(2) Some ordinary income, and some statutory income, is exempt income.
(3) Exempt income is not assessable income.
(4) Some ordinary income, and some statutory income, is neither assessable income nor exempt income.
30 Section 28 - 15
Omit " * car", substitute "car".
31 Section 28 - 110
Omit " * car", substitute "car".
32 Section 40 - 10
Omit " * capital", substitute "capital".
33 Subsection 40 - 15(1)
Omit " * capital", substitute "capital".
34 Paragraph 40 - 15(1)(a)
Omit " * plant", substitute "plant".
35 Subsections 40 - 20(1) and (2)
Omit " * capital", substitute "capital".
36 Subsections 40 - 25(1) and (3)
Omit " * capital", substitute "capital".
37 Subsection 40 - 25(4)
Repeal the subsection, substitute:
(4) You make the balancing adjustment by comparing:
ï‚· the property's termination value for the purpose of the particular capital allowance;
with:
ï‚· the property's written down value for the purpose of the particular capital allowance.
38 Subsection 40 - 25(5)
Omit " * termination" (wherever occurring), substitute "termination".
39 Subsection 40 - 25(5)
Omit " * written" (wherever occurring), substitute "written".
40 Subsection 40 - 30(1)
Omit " * capital", substitute "capital".
41 Subsections 41 - 5(1) and (2)
Omit " * capital", substitute "capital".
42 Section 43 - 65
Omit " * construction" (wherever occurring), substitute "construction".
43 Section 43 - 65
Omit " * pool", substitute "pool".
44 Section 43 - 110
Omit " * construction" (wherever occurring), substitute "construction".
45 Section 43 - 110
Omit " * your", substitute "your".
46 Section 43 - 110
Omit " * Your", substitute "Your".
47 Subsection 165 - 25(2)
Omit " * tax", substitute "tax".
48 Subsection 165 - 25(2)
Omit " * full", substitute "full".
49 Subsections 330 - 5(2) and (3)
Omit " * petroleum" (wherever occurring), substitute "petroleum".
50 Section 330 - 10
Omit " * ordinary", substitute "ordinary".
51 Section 330 - 10
Omit " * genuine", substitute "genuine".
52 Section 330 - 10
Omit " * petroleum", substitute "petroleum".
Part 3 -- Removing asterisks from non - operative material outside Guides
53 Section 11 - 1
Omit " * Ordinary", substitute "Ordinary".
54 Section 11 - 1
Omit " * statutory", substitute "statutory".
55 Section 13 - 1
Omit " * tax", substitute "tax".
56 Subsection 43 - 50(4)
Omit " * entertainment", substitute "entertainment".
57 Subsection 43 - 50(4)
Omit " * purpose", substitute "purpose".
58 Subsection 43 - 50(5)
Omit " * purpose", substitute "purpose".
59 Subsection 43 - 50(5)
Omit " * rehabilitation", substitute "rehabilitation".
Part 4 -- Making Guide status more obvious
60 At the end of section 6 - 1
Add:
[This is the end of the Guide.]
61 Before the group heading before section 15 - 3
Insert:
[This is the end of the Guide.]
62 At the end of section 20 - 15
Add:
[This is the end of the Guide.]
63 At the end of section 20 - 105
Add:
[This is the end of the Guide.]
64 Before the group heading before section 25 - 5
Insert:
[This is the end of the Guide.]
65 Before the group heading before section 26 - 5
Insert:
[This is the end of the Guide.]
66 Before the group heading before section 30 - 255
Insert:
[This is the end of the Guide.]
67 Before the group heading before section 30 - 295
Insert:
[This is the end of the Guide.]
68 Section 30 - 320
Omit "(except this section) has effect as if it were", substitute "is".
69 Before the group heading before section 36 - 35
Insert:
[This is the end of the Guide.]
70 Section 40 - 7
Omit "(except this section) has effect as if it were", substitute "is".
71 Before the group heading before section 41 - 15
Insert:
[This is the end of the Guide.]
72 Before the group heading before section 42 - 15
Insert:
[This is the end of the Guide.]
73 Before the group heading before section 42 - 65
Insert:
[This is the end of the Guide.]
74 Before the group heading before section 42 - 100
Insert:
[This is the end of the Guide.]
75 Before the group heading before section 42 - 120
Insert:
[This is the end of the Guide.]
76 Before the group heading before section 42 - 160
Insert:
[This is the end of the Guide.]
77 At the end of section 42 - 182
Add:
[This is the end of the Guide.]
78 At the end of section 42 - 232
Add:
[This is the end of the Guide.]
79 At the end of section 42 - 270
Add:
[This is the end of the Guide.]
80 Before the group heading before section 42 - 310
Insert:
[This is the end of the Guide.]
81 Before the group heading before section 42 - 330
Insert:
[This is the end of the Guide.]
82 Before the group heading before section 42 - 345
Insert:
[This is the end of the Guide.]
83 Before the group heading before section 42 - 355
Insert:
[This is the end of the Guide.]
84 Before the group heading before section 43 - 10
Insert:
[This is the end of the Guide.]
85 At the end of section 43 - 65
Add:
[This is the end of the Guide.]
86 At the end of section 43 - 110
Add:
[This is the end of the Guide.]
87 Before the group heading before section 43 - 140
Insert:
[This is the end of the Guide.]
88 Before the group heading before section 43 - 160
Insert:
[This is the end of the Guide.]
89 At the end of section 43 - 205
Add:
[This is the end of the Guide.]
90 Before the group heading before section 43 - 230
Insert:
[This is the end of the Guide.]
91 Before the group heading before section 43 - 250
Insert:
[This is the end of the Guide.]
92 Before the group heading before section 52 - 10
Insert:
[This is the end of the Guide.]
93 Before the group heading before section 52 - 65
Insert:
[This is the end of the Guide.]
94 Before the group heading before section 52 - 105
Insert:
[This is the end of the Guide.]
95 Before the group heading before section 53 - 10
Insert:
[This is the end of the Guide.]
96 Before the group heading before section 55 - 5
Insert:
[This is the end of the Guide.]
97 At the end of section 70 - 80
Add:
[This is the end of the Guide.]
98 Before the group heading before section 165 - 10
Insert:
[This is the end of the Guide.]
99 At the end of section 165 - 30
Add:
[This is the end of the Guide.]
100 Before the group heading before section 166 - 145
Insert:
[This is the end of the Guide.]
101 Before the group heading before section 166 - 220
Insert:
[This is the end of the Guide.]
102 Before the group heading before section 166 - 265
Insert:
[This is the end of the Guide.]
103 At the end of section 170 - 5
Add:
[This is the end of the Guide.]
104 Before the group heading before section 195 - 5
Insert:
[This is the end of the Guide.]
105 Before the group heading before section 330 - 150
Insert:
[This is the end of the Guide.]
106 Before the group heading before section 330 - 300
Insert:
[This is the end of the Guide.]
107 Before the group heading before section 330 - 480
Insert:
[This is the end of the Guide.]
109 Before the group heading before section 375 - 805
Insert:
[This is the end of the Guide.]
110 At the end of section 385 - 95
Add:
[This is the end of the Guide.]
111 Before the group heading before section 387 - 55
Insert:
[This is the end of the Guide.]
112 Before the group heading before section 387 - 125
Insert:
[This is the end of the Guide.]
113 Before the group heading before section 387 - 305
Insert:
[This is the end of the Guide.]
114 Before the group heading before section 387 - 355
Insert:
[This is the end of the Guide.]
115 Before the group heading before section 387 - 405
Insert:
[This is the end of the Guide.]
116 At the end of section 387 - 455
Add:
[This is the end of the Guide.]
117 Before the group heading before section 900 - 105
Insert:
[This is the end of the Guide.]
118 At the end of section 900 - 145
Add:
[This is the end of the Guide.]
119 At the end of section 900 - 165
Add:
[This is the end of the Guide.]
120 Before the group heading before section 900 - 215
Insert:
[This is the end of the Guide.]
121 Subsection 950 - 150(1)
Repeal the definition, substitute:
(1) A Guide consists of:
(a) sections under a heading indicating that what follows is a Guide to a particular Subdivision, Division etc.; or
(b) a Subdivision, Division or Part that is identified as a Guide by a provision in the Subdivision, Division or Part.
122 Subsection 995 - 1(1) (definition of link note )
Repeal the definition, substitute:
"link note" means a note:
(a) included at the end of one group of units to indicate the number of the next unit (see section 2 - 30); or
(b) indicating the end of a * Guide.
Part 5 -- Application of amendments made by this Schedule
123 Application
The amendments made by this Schedule apply to assessments for the 1997 - 98 income year and later income years.
Notes to the Taxation Laws Amendment Act (No. 1) 1998
Note 1
The Taxation Laws Amendment Act (No. 1) 1998 as shown in this compilation comprises Act No. 16 , 1998 amended as indicated in the Tables below.
For all relevant information pertaining to application, saving or transitional provisions see Table A.
Table of Acts
Act | Number | Date | Date of commencement | Application, saving or transitional provisions |
16 , 1998 | 16 Apr 1998 | See s. 2 |
| |
11, 1999 | 31 Mar 1999 | Schedule 3 (items 3, 4) : (a) | -- | |
Taxation Laws Amendment Act (No. 2) 2002 | 57, 2002 | 3 July 2002 | Schedule 12 (items 74, 75 , 86 ): Royal Assent | Sch. 12 (item 86) |
Tax Laws Amendment (2010 Measures No. 2) Act 2010 | 75, 2010 | 28 June 2010 | Schedule 6 (item 34) : 29 June 2010 | -- |
(a) Subsection 2( 5 ) of the Taxation Laws Amendment Act (No. 3) 1999 provides as follows:
( 5 ) Items 3 and 4 of Schedule 3 are taken to have commenced immediately after the commencement of section 2 of the Taxation Laws Amendment Act (No. 1) 1998 .
Section 2 of the Taxation Laws Amendment Act (No. 1) 1998 commenced on 16 April 1998 .
Table of Amendments
ad. = added or inserted am. = amended rep. = repealed rs. = repealed and substituted | |
Provision affected | How affected |
S. 2 .................... | am . No. 11 , 1999 |
S. 4 .................... | rep . No. 75 , 2010 |
Schedule 3 |
|
Item s 8, 9 ................ | rep . No. 57 , 20 02 |
Schedule 11 |
|
Item 108 ................. | rep . No. 57 , 20 02 |
Table A
Application, saving or transitional provisions
Taxation Laws Amendment Act (No. 2) 2002 (No. 57 , 200 2 )
Schedule 12
86 Application
An item in a Schedule to an Act that is repealed by an item in this Part is taken never to have had any effect.