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Taxation Laws Amendment Act (No. 2) 1993 (18 of 1993)
- Front Matter
- PART 1 PRELIMINARY
- 1 Short title
- 2 Commencement
- PART 2 AMENDMENT OF THE FRINGE BENEFITS TAX ASSESSMENT ACT 1986
- Division 1 Principal Act
- 3 Principal Act
- Division 2 Amendment relating to child care access
- 4 Exempt residual benefits
- 5 Application
- 6 Transitional (change of program name)
- PART 3 AMENDMENT OF THE INCOME TAX ASSESSMENT ACT 1936
- Division 1 Principal Act
- 7 Principal Act
- Division 2 Amendments to improve the readability of section 78 of the Principal Act (which deals with deductions for gifts, pensions etc.)
- Subdivision A New section 78
- 8 Section 78 of the Principal Act is repealed and the following section is substituted
- Subdivision B Consequential amendments
- 9 Interpretation
- 10 Certain gifts not to be allowable deductions
- 11 Non-resident family trusts
- 12 Non-resident family trusts
- Subdivision C Application of amendments
- 13 Application
- 14 Transitional-approvals and declarations etc.
- Division 3 Amendment relating to migration information
- 15 Officers to observe secrecy
- Division 4 Amendments relating to service with UN forces and other bodies
- 16 Income of certain persons serving with an armed force under the control of the United Nations
- 17 Exemption of pay and allowances of members of Defence Force serving in operational areas
- 18 After section 23AC of the Principal Act the following sections are inserted
- 19 Rebates for members of Defence Force serving overseas
- Division 5 Development allowance
- 20 Subdivision not to apply to certain other property
- 21 Assets to which Part applies
- 22 Application
- Division 6 General investment allowance
- Subdivision A Insertion of new Subdivision
- 23 After Subdivision B of Division 3 of Part III of the Principal Act the following Subdivision is inserted
- Subdivision B Consequential amendments
- 24 Calculation of taxable income
- 25 Full-year deductions and partnership deductions
- 26 Calculation of depreciation
- 27 Limitation of deduction in case of leased property
- 28 Effect of application of Division on certain deductions etc.
- 29 Amendment of assessments
- Division 7 Amendments relating to foreign investment
- Subdivision A Overriding subsection 96A (1)
- 30 Certain provisions not to apply in respect of interests in non-resident trust estates to which Part XI applies
- Subdivision B Capital gains tax references to section 23AK
- 31 Capital gains and capital losses
- Subdivision C FIF attribution account payments and CFCs
- 32 Interpretation
- 33 Additional notional exempt income-unlisted or listed country CFC
- 34 FIF attribution account payments and CFCs
- Subdivision D Trading stock
- 35 Definitions
- 36 Notional deductions-expenditure in acquiring trading stock
- Subdivision E Exclusion of dual residents
- 37 Taxpayers to whose interests in FIFs and FLPs this Part applies
- Subdivision F Net income of partnerships and trusts
- 38 Taxpayers to whose interests in FIFs and FLPs this Part applies
- 39 Net income of partnerships and trusts
- Subdivision G Exempt non-portfolio dividends received by CFC
- 40 Reduction of foreign investment fund income because of interim dividend or interim distribution of trust income
- Subdivision H Calculation method elections
- 41 Methods applicable in relation to a FIF
- 42 Procedure to be followed
- 43 Procedure to be followed
- Subdivision I Certain foreign investment fund amount amendments
- 44 Step 1-calculation of foreign investment fund amount
- 45 Step 1-calculation of foreign investment fund amount
- Subdivision J Foreign currency gains and losses
- 46 Step 1-calculation of foreign investment fund amount
- 47 Step 2-calculation of foreign investment fund income
- Subdivision K Redemption price
- 48 How market value is ascertained
- Subdivision L Recalculation of notional deduction for certain prescribed classes of property
- 49 Notional deductions-amortisation of expenditure in acquiring property
- Subdivision M Reduction of FIF attribution debits
- 50 FIF attribution debit
- Subdivision N Correction of sundry errors
- 51 Foreign tax if CFC has interest in FIF
- 52 Exemption
- 53 Exemption
- Division 8 Amendments relating to the payment of instalments by companies and certain trustees
- Subdivision A Insertion of new Division
- 54 Insertion of new Division
- Subdivision B Application and transitional
- 55 Interpretation
- 56 Application of new Division 1C
- 57 Penalty if taxpayer classified as large for 1994-95 year on basis of excessive estimate
- Subdivision C Consequential amendments
- 58 Consequential amendments
- 59 Amendment of assessments
- PART 4 AMENDMENT OF THE INCOME TAX ASSESSMENT AMENDMENT (FOREIGN INVESTMENT) ACT 1992
- Division 1 Principal Act
- 60 Principal Act
- Division 2 Amendment relating to passive income
- 61 Passive income
- PART 5 AMENDMENT OF THE INCOME TAX RATES ACT 1986
- Division 1 Principal Act
- 62 Principal Act
- Division 2 Tax cuts for companies etc.-1993-94 and later years
- 63 Rates of tax payable by companies
- 64 Rate of tax payable by trustees of corporate unit trusts
- 65 Rate of tax payable by trustees of public trading trusts
- 66 Rate of tax payable by trustee to whom subsection 98(3) of the Assessment Act applies
- 67 Application
- PART 6 AMENDMENT OF THE SALES TAX ASSESSMENT ACT 1992
- Division 1 Principal Act
- 68 Principal Act
- Division 2 Amendments relating to contents of containers
- 69 Taxable dealing with goods that are the contents of a container
- 70 Schedule 1
- 71 Application
- Schedule AMENDMENTS OF ACTS
- Crimes (Taxation Offences) Act 1980
- Subsection 3 (1) (definition of 'income tax')
- Income Tax Assessment Act 1936
- Section 94Y
- Section 166A
- After subsection 170AA (7)
- Subsection 218 (6B) (definition of 'tax')
- Subsection 218 (6B) (definition of 'taxpayer')
- After section 221AK
- Subsection 221YB (1)
- After subsection 221YB (1A)
- Subsection 222A (1) (definition of 'taxation officer statement')
- After subsection 222 (1A)
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