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New Business Tax System (Capital Allowances) Bill 2001

New Business Tax System (Capital Allowances) Act 2001

New Business Tax System (Capital Allowances - Transitional and Consequential) Bill 2001

New Business Tax System (Capital Allowances - Transitional and Consequential) Act 2001

Revised Explanatory Memorandum

(Circulated by authority of the Treasurer, the Hon Peter Costello, MP)

THIS MEMORANDUM TAKES ACCOUNT OF AMENDMENTS MADE BY THE HOUSE OF REPRESENTATIVES TO THE BILL AS INTRODUCED

Chapter 10 - Capital allowances - finding tables

Outline of chapter

10.1 This chapter contains finding tables to enable you to locate quickly the provisions in Division 40 that correspond to a particular provision in the existing law and vice versa.

Finding table - old law to new law

10.2 In the finding table:

•
omitted means that the provision of the old law has not been included in the new law; and
•
transitional means that effect of the provision of the old law has been picked up by a provision in the New Business Tax System (Capital Allowances - Transitional and Consequential) Bill 2001.

Old law New law
Division 40
40-1 Omitted
40-5 Omitted
40-7 Omitted
40-10 40-15
40-15 Omitted
40-20 40-15
40-25 40-285 and 40-295
40-30 Omitted
Division 41
41-1 Omitted
41-5 Omitted
41-10 Omitted
41-14 40-340(8)
41-15 40-340(1)
41-20(1) 40-340(1)
41-20(2) 40-340(2)
41-23 40-340(3)
41-25 40-345(1)
41-30 40-345(1) and (2), 40-180(1), item 5
41-35 Omitted
41-40(1) to (3) Omitted
41-40(4) and (5) 40-350
41-50 40-360
41-55 40-340(3) to (7)
41-65(1) 40-180(2), item 8 and 40-190(3), item 1
41-65(2) 40-300(1), item 6
41-65(3) 995-1(1), definition of arms length
41-65(4) Omitted
41-85 40-135
Division 42
42-1 Omitted
42-5 Omitted
42-10 40-20
42-15 40-25(1) and 40-25(7)(a)
42-18 45-40
42-19 Omitted
42-20(1) 40-25(1), note 1
42-20(2) 40-70(3) and 40-75(7)
42-25(1) 40-170
42-25(3) 40-65(1)
42-30(1) 40-280
42-30(2) to (2C) Omitted
42-30(3) 40-295
42-35 Omitted
42-40 40-130
42-45(1) 40-50(1)
42-45(2) 40-45(1)
42-45(3) 40-25(3) and (4)
42-48 40-90
42-50 Omitted
42-55 Omitted
42-60 40-170
42-65 40-180 to 40-190
42-70 40-225
42-75 40-180(2), item 8 and 40-190(3), item 1
42-80 40-230
42-82 Omitted
42-85 40-215
42-90 Omitted
42-95 Omitted
42-100(1) 40-95(1)
42-100(2) 40-95(3)
42-105 40-105
42-110 40-100(1)
42-112 40-110(1)
42-115 Omitted
42-118 Omitted
42-120 Omitted
42-123 Omitted
42-125 Transitional
42-135 Transitional
42-140 Transitional
42-145 Omitted
42-150 Transitional
42-155 Omitted
42-160 40-70(1)
42-165 40-75(1)
42-167 Omitted
42-168 Omitted
42-170(1) 40-25(2)
42-170(2) and (3) 40-25(3) and (4)
42-170(4) and (5) Omitted
42-175 40-85
42-180 40-280
42-182 Omitted
42-185 40-285(1) and (2)
42-190 40-285(1)
42-192 40-285(1) and transitional
42-195(1) and (2) 40-285(2)
42-195(3) 40-290(1) and (2)
42-195(4) Omitted
42-197 Transitional
42-198 Transitional
42-200(1) 45-40
42-200(2) and (3) Omitted
42-205 40-300 and 40-305
42-210 40-300(1), item 6
42-215 40-325
42-220 Omitted
42-221 40-285(1) and (2)
42-222 40-285(1) and (2)
42-223(1) 40-285(1)
42-223(2) Transitional
42-224 Transitional
42-225 Omitted
42-230 Omitted
42-232 Omitted
42-235 to 42-260 40-370
42-265 Omitted
42-270 Omitted
42-275 Omitted
42-280 40-345
42-285 Omitted
42-290 Omitted
42-293 40-365
42-295 Omitted
42-300 Omitted
42-305 Omitted
42-310 40-40, item 2
42-312 40-40, item 3
42-313 Omitted
42-315 Omitted
42-320 Omitted
42-325 Omitted
42-330 and 42-335 40-295(2) and 40-340(3)
42-340 Omitted
42-345 Transitional
42-350 to 42-395 Omitted
42-445 40-420
42-450 Omitted
42-455 40-425(1) to (3) and (5)
42-460 40-430
42-465 40-435
42-470 40-440
42-475 40-445
Division 44
44-1 Omitted
44-5(1) 40-25(1) and 40-30(2)(e)
44-5(2) 995-1(1), definition of 'IRU'
44-5(3) Omitted
44-10 40-60
44-15 40-65(1), 40-70(1), 40-75(1) and 40-95(9)
44-20 40-115(2)
44-25 40-115 and 40-205
44-30 Omitted
44-35(1) 40-70(1), term 'base value' and 40-190
44-35(2) Omitted
44-40(1) 40-180(2), item 8, 40-190(3), item 1 and 40-300(1), item 6
44-40(2) Omitted
Division 46
46-1 Omitted
46-5 and 46-10 995-1(1), definition of 'in-house software'
46-15 Omitted
46-20 Omitted
46-25 40-25(1) and 40-30(2)(d)
46-30 Omitted
46-35 40-70(2), 40-75(1) and 40-455
46-40 40-95(7), item 8 and 40-455
46-45 Omitted
46-50 40-295(1)(b), 40-300(2), item 3 and 40-335.
46-55 40-180(2), item 8, 40-190(3), item 1 and 40-300(1), item 6
46-60 Omitted
46-62 Omitted
46-65 Omitted
46-70 40-295(1)(c), 40-285(2) and 40-300, item 4
46-75 Omitted
46-80 40-450(1) and (2)
46-85 40-450(3)
46-90 40-455
46-95 40-460
46-100 Omitted
46-105 Omitted
46-110 Omitted
Division 330
330-1 Omitted
330-5 Omitted
330-10 Omitted
330-15(1) 40-80(1) and 40-730
330-15(2) 40-80(1)(c) and 40-730(1)
330-20 40-730(4)
330-25 40-730(5) and (6)
330-30 40-730(7)
330-35 Omitted
330-40 Omitted
330-60 Transitional
330-80 40-25(1), 40-830 and 40-840
330-85 40-860(1)
330-90 40-860(2)
330-95 40-860(3)
330-100 40-70(1), 40-75(1) and 40-830(4)
330-105 40-85 and 40-830(4), term 'pool value'
330-110 40-30(2)(a) and (b), 40-70(1) and 40-75(1)
330-115 Omitted
330-120 Omitted
330-125 Omitted
330-145 to 330-215 40-25(1) and 40-30(2)(a) and (b)
330-235 to 330-275 Omitted
330-295 to 330-340 Omitted
330-350(1) and (2) 40-750(1) and (2)
330-350(3)(a) and (b) 20-30(1), proposed, item 10 and 1.16
330-350(3)(c) and (d) 40-750(3)
330-350(4) Omitted
330-350(5) 995-1(1), definition of 'instalment of petroleum resource rent tax'
330-350(6) 995-1(1), definition of 'petroleum resource rent tax'
330-370 40-25(1), 40-830 and 40-840
330-375(1) and (2) 40-865(1) and (2)
330-375(3) 40-865(3)
330-375(4) and (5) Omitted
330-380 40-870(1)
330-385 40-870
330-390 40-875
330-395 40-70(1), 40-75(1) and 40-830(4)
330-400 Omitted
330-405 Omitted
330-410 Omitted
300-415 Omitted
330-435(1) 40-735(1)
330-435(2) 40-735(2)
330-440 40-735(4) to (6)
330-445 40-740
330-450 40-745
330-455 40-25(7)(c)
330-475 Omitted
330-480 40-285(1) and (2) and 40-290
330-485 40-285(1) and (2) and 40-290
330-490 40-300 and 40-305
330-495 Omitted
330-500 40-115(2)
330-520 40-340(3) and 40-345
330-540 Omitted
330-545 Omitted
330-547 40-340(1) to (3)
330-550 Omitted
330-552 Omitted
330-555 Omitted
330-560 Omitted
330-580 to 330-650 Omitted
Division 373
373-1 Omitted
373-5 40-25(1) and 40-30(2)(c)
373-10(1) 40-25(1) and 40-30(2)(c)
373-10(2) Omitted
373-10(3) 40-45(5)(b)
373-15 995-1(1), definition of 'intellectual property'
373-20(1) and (2) 40-70(2) and 40-75(1)
373-20(3) and (4) Omitted
373-25 40-85
373-30 40-180 to 40-190
373-35 40-95(7), items 1 to 7
373-40 Omitted
373-45 to 373-55 40-115
373-60(1) 40-285(1) and (2)
373-60(2) 40-295
373-65 40-285(1) and (2)
373-70 40-300 and 40-305
373-80 40-180(2), item 8, 40-190(3), item 1 and 40-300(1), item 6
373-85 40-340 and 40-345
373-90 to 373-105 Omitted
Division 380
380-5 Omitted
380-10(1) 40-25(1) and 40-30(2)(f)
380-10(2) Omitted
380-15 40-75(1) and 40-70(2)(c)
380-20 40-85
380-25 40-180 to 40-190
380-30 to 380-45 40-115 and 40-205
380-50 to 380-75 40-120
380-80(1) 40-285(1) and (2)
380-80(2) Omitted
380-80(3) 40-295
380-85 40-285(1) and (2)
380-90 40-300 and 40-305
380-95 40-180(2), item 8, 40-190(3), item 1 and 40-300(1), item 6
380-100 40-340 and 40-345
380-105 40-120 and 40-190
380-110 Omitted
380-115 Omitted
Division 387
387-1 Omitted
387-50 40-625
387-55 40-630(1)
387-60 40-635
387-65(1) 40-630(2)
387-65(2) 40-660
387-70 40-630(3)
387-75 40-665
387-80 40-640
387-85 40-670
387-90 40-675
387-120 Omitted
387-125(1) 40-515(1)(a), 40-525(1) and 40-530, item 1
387-125(2) 40-540
387-130 40-520(1)
387-135 40-515(4)
387-140 40-555(1) and (2)
387-145 40-560
387-150 40-570
387-160 40-510
387-162 Omitted
387-165 40-515(1)(b) and (2), 40-525(2) and 40-530, item 2
387-170(1) 40-520(2)
387-170(2) Omitted
387-170(3) 40-535(1)
387-170(4) 40-535(2)
387-175 40-95(1) and (3)
387-177 40-100
387-180 40-545(1)
387-185 40-545(2) and (3)
387-190 40-565
387-195(1) 40-555(3)
387-195(2) Omitted
387-205 40-575
387-210 40-525(2)
387-300 40-510
387-305(1) 40-515(1)(c) and (2), 40-525(3) and 40-530, item 3
387-305(2) 40-550
387-310 40-555(3)
387-315 40-565
387-320 40-525(3)
387-350 40-625
387-355(1) 40-645(1)
387-355(2) 40-645(3)
387-360 40-655
387-365 40-650(1) and (2)
387-370 40-650(3)
387-375 40-650(7) and (8)
387-380 40-665
387-390 40-645(1)
387-400 40-625
387-405(1) 40-645(2)
387-405(2) 40-645(3)
387-410 40-650(4) to (6)
387-415 40-650(7) and (8)
387-420 40-665
387-450 Omitted
387-455 Omitted
387-460 40-25(1)
387-465 Proposed new 43-72
387-470 40-65(1), 40-70(1) and 40-75(1)
387-475 Omitted
387-480 Omitted
387-485 40-280(1) and (2) and 40-295
387-490 40-300 and 40-305
387-495 Omitted
387-500 Omitted
387-505 40-135, 40-180(2), item 8, 40-190(3), item 1 and 40-300(2), item 6
Division 388
388-50 Omitted
388-55 Transitional
388-60 Omitted
Division 400
400-1 Omitted
400-15 40-830 and 40-840(2)(d)(iv)
400-20 Omitted
400-55 40-755(1)
400-60 40-755(2) to (4)
400-65 40-760
400-100 40-25(7)(d)

Finding table - new law to old law

10.3 In this finding table no equivalent means that this is a new provision that has no equivalent in the existing law. Typically, these would be guide materials.

New law Old law
40-1 No equivalent
Subdivision 40-A
40-10 No equivalent
40-15 No equivalent
Subdivision 40-B
40-20 42-10
40-25(1) 42-15, 42-20(1), 44-5(1), 46-25, 330-80, 330-145 to 215, 330-370, 373-5, 373-10(1), 380-10(1) and 387-460
40-25(2) 42-170(1)
40-25(3) and (4) 42-45(3) and 42-170(2) and (3)
40-25(5) and (6) No equivalent
40-25(7)(a) 42-15(b)
40-25(7)(b) No equivalent
40-25(7)(c) 330-455
40-25(7)(d) 400-100
40-30 42-18, 44-5, 46-25, 330-110, 373-5, 373-10 and 380-10(1)
40-35 No equivalent
40-40 42-310 and 42-312
40-45(1) 42-45(2)
40-45(2) No equivalent
40-45(3) Application clause to Division 44
40-45(4) Application clause to Division 44
40-45(5) 373-10(3)
40-50(1) 42-45(1)
40-50(2) No equivalent
40-55 No equivalent
40-60 42-15, 44-10
40-65(1) 42-25(3), 44-15 and 387-470
40-65(2) Proposed new 42-55(4)
40-65(3) Proposed new 42-55(5)
40-65(4) Proposed new 42-55(6)
40-65(5) No equivalent
40-70(1) 42-160, 44-15, 330-100, 330-110, 330-395 and 387-470
40-70(2) 373-20(1) and (2), 380-15 and 46-35
40-70(3) 42-20(2)
40-75(1) 42-165, 44-15, 46-35, 330-100, 330-110, 330-395, 373-20(1) and (2), 380-15 and 387-470
40-75(2) No equivalent
40-75(3) No equivalent
40-75(4) No equivalent
40-75(5) No equivalent
40-75(6) No equivalent
40-75(7) 42-20(2)
40-80(1) 330-15(1) and (2)
40-80(2) Proposed new 42-167(2)
40-85 42-175, 330-105, 373-25 and 380-20
40-90 42-48
40-95(1) 42-100(1) and 387-175
40-95(2) Proposed new 42-100(1)
40-95(3) 42-100(2) and 387-175
40-95(4) Proposed new 42-100(3)
40-95(5) Proposed new 42-100(4)
40-95(6) Proposed new 42-100(5)
40-95(7) 373-35 and 46-40
40-95(8) No equivalent
40-95(9) 44-15
40-100 42-110 and 387-177
40-105 42-105
40-110(1) 42-112
40-110(2) No equivalent
40-110(3) No equivalent
40-110(4) No equivalent
40-110(5) No equivalent
40-115 44-20, 44-25, 330-500, 373-45 to 55 and 380-30 to 44
40-120 380-50 to 60 and 380-105
40-125 No equivalent
40-130 42-40
40-135 41-85 and 387-505
40-140 No equivalent
40-145 No equivalent
Subdivision 40-C
40-170 42-25(1) and 42-60
40-175 No equivalent
40-180 41-30, 41-65(1), 42-65, 42-75, 44-40(1), 46-55, 373-30, 373-80, 380-25, 380-95 and 387-505
40-185 42-65, 373-30 and 380-25
40-190 41-65(1), 42-65, 42-75, 44-35(1), 44-40(1), 46-55, 373-30, 373-80, 380-25, 380-95, 380-105 and 387-505
40-195 No equivalent
40-200 No equivalent
40-205 44-25 and 380-30 to 380-45
40-210 No equivalent
40-215 42-85
40-220 No equivalent
40-225 42-70
40-230 42-80
Subdivision 40-D
40-280 42-30(1), 42-180 and 387-485
40-285 40-25, 42-185, 42-190, 42-192, 42-195(1) and (2), 42-221, 42-222, 42-223(1), 46-70, 330-480, 330-485, 373-60(1), 373-65, 380-80(1) and 380-85
40-290 42-195(3), 330-480 and 330-485
40-295 40-25, 42-30(3), 42-330, 42-335, 46-50, 46-70, 373-60(2), 380-80(3) and 387-485
40-300 41-65(2), 42-205, 42-210, 44-40, 46-50, 46-70, 46-55, 330-490, 373-70, 373-80, 380-90, 380-95, 387-490 and 387-505
40-305 42-205, 330-490, 373-70 and 387-490
40-310 No equivalent
40-315 No equivalent
40-320 42-205(1), item 3
40-325 42-215
40-335 46-50
40-340 41-14, 41-15, 41-20(1) and (2), 41-23, 41-55, 42-330, 42-335, 330-520, 330-547, 373-85 and 380-100
40-345 41-25, 41-30, 42-280, 330-520, 373-85 and 380-100
40-350 41-40(4) and (5)
40-360 41-50
40-365 42-293
40-370 42-235 to 42-260
Subdivision 40-E
40-420 42-445
40-425 42-425 (1) to (3) and (5)
40-430 42-460
40-435 42-465
40-440 42-470
40-445 42-475
40-450 46-80 and 46-85
40-455 46-35, 46-40 and 46-90
40-460 40-95
Subdivision 40-F
40-510 387-120, 387-160 and 387-300
40-515 387-135, 387-165 and 387-305(1)
40-520 387-130 and 387-170(1)
40-525 387-125(1), 387-165, 387-305, 387-210 and 387-320
40-530 387-125(1), 387-165 and 387-305(1)
40-535 387-170(3) and (4)
40-540 387-125(2)
40-545 387-180 and 387-185
40-550 387-305(2)
40-555 387-140, 387-195(2) and 387-310
40-560 387-145
40-565 387-190 and 387-315
40-570 387-150
40-575 387-205
Subdivision 40-G
40-625 387-50, 387-350 and 387-400
40-630 387-55, 387-65(1) and 387-70
40-635 387-60
40-640 387-80
40-645 387-355(1) and (2), 387-390, 387-405(1) and (2)
40-650 387-365, 387-370, 387-375, 387-410 and 387-415
40-655 387-360
40-660 387-65(2)
40-665 387-75, 387-380 and 387-420
40-670 387-85
40-675 387-90
Subdivision 40-H
40-725 No equivalent
40-730 330-15, 330-20, 330-25 and 330-30
40-735 330-435(1) and (2) and 330-440
40-740 330-445
40-745 330-450
40-750 330-350(1) and (2) and 330-350(3)(c) and (d)
40-755 400-55 and 400-60
40-760 400-65
40-765 No equivalent
Subdivision 40-I
40-825 No equivalent
40-830 330-80, 330-100, 330-105, 330-370, 330-395 and 400-15
40-835 No equivalent
40-840 330-80, 330-370 and 400-15
40-845 No equivalent
40-855 No equivalent
40-860 330-85, 330-90 and 300-95
40-865 330-375(1) to (3)
40-870 330-380 and 330-385
40-875 330-390
40-880 No equivalent
40-885 No equivalent


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