Commonwealth Consolidated Acts Commonwealth Consolidated ActsNo. 9, 1985
Compilation No. 13
Compilation date: 21 October 2016
Includes amendments up to: Act No. 61, 2016
Registered: 24 October 2016
About this compilation
This compilation
This is a compilation of the Trust Recoupment Tax Assessment Act 1985 that shows the text of the law as amended and in force on 21 October 2016 (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If a provision of the compiled law has been repealed in accordance with a provision of the law, details are included in the endnotes.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 Interpretation
4 Application of tax legislation
5 Primary taxable amounts
6 Secondary taxable amounts
7 Requests to eliminate trust recoupment tax on certain taxable amounts
8 Liability to pay trust recoupment tax
9 Reduction of liability where tax paid
10 Right of contribution and apportionment of liability
12 Penalty tax
13 Arrangements etc. to avoid operation of Act
14 Regulations
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 |
9, 1985 | 5 Apr 1985 | 5 Apr 1985 (s 2) |
| |
109, 1986 | 4 Nov 1986 | s 8 | ||
70, 1989 | 21 June 1989 | s 9 | ||
Taxation Laws Amendment Act (No. 3) 1991 | 216, 1991 | 24 Dec 1991 | s 114 | |
39, 1997 | 17 Apr 1997 | Sch 3 (item 132): 1 July 1997 (s 2) | -- | |
Taxation Laws Amendment Act (No. 3) 1999 | 11, 1999 | 31 Mar 1999 | Sch 1 (item 395): 1 July 1999 (s 2(3)) | -- |
44, 2000 | 3 May 2000 | Sch 3 (item 72): 22 Dec 1999 (s 2(1)) | Sch 3 (item 74) | |
Tax Laws Amendment (Personal Tax Reduction and Improved Depreciation Arrangements) Act 2006 | 55, 2006 | 19 June 2006 | Sch 1 (items 31, 32(1)): 1 July 2006 (s 2(1) item 2) | Sch 1 (item 32(1)) |
Tax Laws Amendment (Repeal of Inoperative Provisions) Act 2006 | 101, 2006 | 14 Sept 2006 | Sch 1 (items 1, 318), Sch 2 (items 996-1006) and Sch 6 (items 1, 6-11): 14 Sept 2006 (s 2(1) items 2, 4) | Sch 6 (items 1, 6-11) |
73, 2008 | 3 July 2008 | Sch 4 (item 495): 4 July 2008 (s 2(1) item 64) | -- | |
Tax Laws Amendment (Confidentiality of Taxpayer Information) Act 2010 | 145, 2010 | 16 Dec 2010 | Sch 2 (item 122): 17 Dec 2010 (s 2(1) item 2) | -- |
Statute Law Revision Act (No. 2) 2015 | 145, 2015 | 12 Nov 2015 | Sch 4 (item 39): 10 Dec 2015 (s 2(1) item 7) | -- |
61, 2016 | 23 Sept 2016 | Sch 1 (item 488): 21 Oct 2016 (s 2(1) item 1) | -- |
Provision affected | How affected |
s 3..................... | am No 39, 1997; No 101, 2006 |
s 4..................... | am No 216, 1991; No 44, 2000; No 101, 2006; No 145, 2010 |
s 6..................... | am No 109, 1986; No 70, 1989; No 55, 2006 |
s 7..................... | am No 101, 2006 |
s 10.................... | am No 101, 2006 |
s 11.................... | rep No 11, 1999 |
s 12.................... | am No 73, 2008; No 145, 2015 |
s 14.................... | am No 61, 2016 |