Commonwealth Consolidated Acts Commonwealth Consolidated ActsNo. 41, 2017
Compilation No. 1
Compilation date: 1 January 2019
Includes amendments up to: Act No. 134, 2018
Registered: 9 January 2019
About this compilation
This compilation
This is a compilation of the Treasury Laws Amendment (Enterprise Tax Plan) Act 2017 that shows the text of the law as amended and in force on 1 January 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If a provision of the compiled law has been repealed in accordance with a provision of the law, details are included in the endnotes.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--Reducing the corporate tax rate
Part 1--Amendments commencing 1 July 2016
Part 2--Amendments commencing 1 July 2017
Part 3--Amendments commencing 1 July 2018
Part 10--Amendments commencing 1 July 2020
Part 11--Amendments commencing 1 July 2021
Part 12--Application of amendments
Schedule 2--Amount of tax discount for unincorporated small businesses
Part 1--Amendments commencing 1 July 2016
Income Tax Assessment Act 1997
Part 3--Amendments commencing 1 July 2020
Income Tax Assessment Act 1997
Part 4--Amendments commencing 1 July 2021
Income Tax Assessment Act 1997
Part 5--Application of amendments
Schedule 3--Access to small business concessions, etc.
Part 1--Amendments
Income Tax Assessment Act 1997
Part 2--Application of amendments
Schedule 4--Main consequential amendments relating to imputation
Part 1--Amendments commencing 1 July 2016
Income Tax Assessment Act 1997
Part 3--Application of amendments
Schedule 5--Other consequential amendments
Part 1--Amendments commencing 1 July 2016
Income Tax Assessment Act 1997
Part 2--Amendments commencing 1 July 2017
Income Tax Assessment Act 1997
Part 5--Amendments commencing 1 July 2020
Income Tax Assessment Act 1997
Part 6--Amendments commencing 1 July 2021
Income Tax Assessment 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 |
41, 2017 | 19 May 2017 | Sch 1 (items 1-6), Sch 2 (item 1), Sch 3 (items 1-21), Sch 4 (items 1-29) and Sch 5 (items 1, 2): 1 July 2016 (s 2(1) items 2, 9, 14, 16, 18) |
| |
Treasury Laws Amendment (Lower Taxes for Small and Medium Businesses) Act 2018 | 134, 2018 | 25 Oct 2018 | 1 Jan 2019 (s 2(1) item 1) | -- |
Provision affected | How affected |
s 2..................... | am No 134, 2018 |
Schedule 1 |
|
Part 9................... | rep No 134, 2018 |
item 33.................. | rep No 134, 2018 |
item 34.................. | rep No 134, 2018 |
item 35.................. | rep No 134, 2018 |
item 36.................. | rep No 134, 2018 |
item 37.................. | rep No 134, 2018 |
item 38.................. | rep No 134, 2018 |
Part 10 |
|
Part 10.................. | rs No 134, 2018 |
item 39.................. | rs No 134, 2018 |
item 40.................. | rs No 134, 2018 |
item 41.................. | rs No 134, 2018 |
item 42.................. | rs No 134, 2018 |
item 43.................. | rs No 134, 2018 |
item 44.................. | rs No 134, 2018 |
Part 11 |
|
Part 11 heading............. | rs No 134, 2018 |
Part 12 |
|
item 57.................. | am No 134, 2018 |
Schedule 2 |
|
Part 2................... | rep No 134, 2018 |
item 2................... | rep No 134, 2018 |
Part 3 |
|
Part 3................... | rs No 134, 2018 |
item 3................... | rs No 134, 2018 |
Part 4 |
|
Part 4 heading............. | rs No 134, 2018 |
Part 5 |
|
item 5................... | am No 134, 2018 |
Schedule 5 |
|
Part 4................... | rep No 134, 2018 |
item 17.................. | rep No 134, 2018 |
item 18.................. | rep No 134, 2018 |
Part 5 |
|
Part 5................... | rs No 134, 2018 |
item 19.................. | rs No 134, 2018 |
item 20.................. | rs No 134, 2018 |
Part 6 |
|
Part 6 heading............. | rs No 134, 2018 |