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New Business Tax System (Consolidation and Other Measures) Act (No. 1) 2002 (117 of 2002)
- Front Matter
- 1 Short title
- 2 Commencement
- 3 Schedule(s)
- 4 Amendment of income tax assessments
- Schedule 1 Consolidation: assessable income and deductions spread over several membership or non-membership periods
- Income Tax Assessment Act 1997
- 1 At the end of subsection 701-30(3)
- 2 Subsection 701-30(3) (note)
- 3 Before Division 717
- 4 Subsection 995-1(1)
- Schedule 2 Consolidation: group continues when shelf company becomes new head company
- Income Tax Assessment Act 1997
- 1 Paragraph 103-25(3)(a)
- 2 At the end of section 124-360
- 3 After subsection 124-370(1)
- 4 Subsection 124-380(5)
- 5 Group heading before section 124-385
- 6 Before subsection 124-385(1)
- 7 At the end of Subdivision 124-G
- 8 At the end of subsection 703-5(2)
- 9 Subsection 703-60(3) (link note)
- 10 After section 703-60
- 11 Application of certain amendments
- Schedule 3 Consolidation: effect on cost base rules etc. of loss of pre-CGT status of membership interests
- Part 1 Basic amendments
- Income Tax Assessment Act 1997
- 1 After section 705-55
- 2 After section 705-160
- Part 2 Consequential CGT amendments
- Income Tax Assessment Act 1997
- 3 Section 100-15 (at the end of the note)
- 4 Section 102-30 (after table item 7)
- 5 Section 104-5 (after table row relating to event number K8)
- 6 At the end of Division 104
- 7 Section 110-10 (after table row relating to event number K7)
- Part 3 Transitional provisions
- Income Tax (Transitional Provisions) Act 1997
- 8 After Division 701A
- Schedule 4 Consolidation: new Subdivisions 705-C (where a consolidated group is acquired by another) and 705-D (where multiple entities are linked by membership interests)
- Income Tax Assessment Act 1997
- 1 Subsection 701-15(1)
- 2 Subparagraph 705-15(c)(i)
- 3 Section 705-165
- 4 At the end of Division 705
- 5 Subsection 711-5(1)
- 6 Paragraph 711-65(1)(a) (second occurring)
- 7 Subsection 711-70(1)
- Schedule 5 Consolidation: allocable cost amount for a joining trust
- Part 1 New provisions inserted in the Income Tax Assessment Act 1997
- 1 At the end of section 705-125
- 2 Paragraph 711-15(1)(c)
- 3 At the end of subsection 711-15(1)
- 4 At the end of section 711-65
- 5 Subsection 711-70(5)
- 6 After Division 711
- Part 2 Consequential amendment
- Income Tax Assessment Act 1997
- 7 Section 705-60 (table item 3)
- 8 Subsection 705-65(1)
- 9 Subsection 705-90(1)
- 10 At the end of subsection 705-90(1)
- 11 At the end of subsection 705-90(7)
- 12 Section 705-105
- Income Tax (Transitional Provisions) Act 1997
- 13 At the end of section 700-1
- 14 At the end of subsection 701-30(2)
- Schedule 6 Consolidation: losses
- Part 1 Maintaining same ownership to utilise transferred losses
- Income Tax Assessment Act 1997
- 1 Paragraph 707-210(4)(c)
- 2 Subparagraph 707-210(4)(d)(ii)
- Part 2 Utilising losses head company transfers to itself
- Income Tax Assessment Act 1997
- 3 Paragraph 707-335(1)(a)
- 4 Paragraph 707-335(3)(e)
- Part 3 Effect of exit history rule
- Income Tax Assessment Act 1997
- 5 At the end of Subdivision 707-D
- Schedule 7 Consolidation: foreign tax credits and exit history rule
- Income Tax Assessment Act 1997
- 1 Section 717-20 (link note)
- 2 At the end of Subdivision 717-A
- Schedule 8 Consolidation: MEC groups
- Income Tax Assessment Act 1997
- 1 Division 719 (heading to Guide)
- 2 Before section 719-1
- 3 Section 719-1 (heading)
- 4 Paragraph 719-5(4)(d)
- 5 Paragraph 719-40(1)(f)
- 6 Application of amendments
- 7 Subsection 719-80(2) (link note)
- 8 After section 719-80
- 9 Subsection 995-1(1) (definition of available fraction )
- 10 Subsection 995-1(1)
- Schedule 9 Consolidation: application provision and transitional provisions about trading stock and internally-generated assets
- Income Tax (Transitional Provisions) Act 1997
- 1 Section 700-1
- 2 After Division 701
- Schedule 10 Consolidation: transitional rules for MEC tax cost setting provisions
- Income Tax (Transitional Provisions) Act 1997
- 1 Section 717-25 (link note)
- 2 At the end of Part 3-90
- Schedule 11 Consolidation: consequential provisions for research and development
- Income Tax Assessment Act 1936
- 1 Subsection 6(1)
- 2 Subsection 6(1)
- 3 Subsection 6(1)
- 4 Subsection 6(1)
- 5 Subsection 6(1)
- 6 Subsection 6(1)
- 7 After section 73B
- Income Tax Assessment Act 1997
- 8 Section 701-5 (note)
- 9 At the end of section 701-5
- 10 At the end of subsection 701-40(1)
- 11 After paragraph 701-40(2)(c)
- Taxation Administration Act 1953
- 12 Section 286-1 of Schedule 1
- 13 Section 286-25 of Schedule 1
- 14 At the end of section 286-75 of Schedule 1
- 15 Subsection 286-80(2) of Schedule 1
- Schedule 12 Consolidation: amendments relating to Division 170
- Income Tax Assessment Act 1997
- 1 At the end of section 170-15
- 2 Section 170-30 (heading)
- 3 At the end of subsections 170-30(1) and (2)
- 4 After section 170-30
- 5 Subsection 170-35(3) (note)
- 6 At the end of subsection 170-35(3)
- 7 Subsection 170-40(2) (note)
- 8 At the end of subsection 170-40(2)
- 9 After section 170-40
- 10 At the end of section 170-45
- 11 At the end of section 170-55
- 12 Application of amendments of Subdivision 170-A
- 13 At the end of section 170-115
- 14 Section 170-130 (heading)
- 15 At the end of subsections 170-130(1) and (2)
- 16 After section 170-130
- 17 Subsection 170-135(3) (note 2)
- 18 At the end of subsection 170-140(2)
- 19 After section 170-140
- 20 At the end of section 170-145
- 21 At the end of section 170-155
- 22 Application of amendments of Subdivision 170-B
- 23 At the end of section 707-315
- Income Tax (Transitional Provisions) Act 1997
- 24 Before Subdivision 170-B
- 25 Application of Subdivision 170-A of the Income Tax (Transitional Provisions) Act 1997
- 26 Subdivision 170-B (heading)
- 27 At the end of Subdivision 170-B
- 28 Application of amendments of Subdivision 170-B of the Income Tax (Transitional Provisions) Act 1997
- Schedule 13 Consolidation: thin capitalisation
- Income Tax Assessment Act 1997
- 1 Section 820-10 (table item 3)
- 2 Before section 820-460
- 3 After Subdivision 820-F
- 4 Subsection 995-1(1) (definition of adjusted average equity capital)
- 5 Subsection 995-1(1) (definition of average equity capital)
- 6 Subsection 995-1(1) (definition of inward investing entity (ADI))
- 7 Subsection 995-1(1) (definition of inward investing entity (non-ADI))
- 8 Subsection 995-1(1) (definition of inward investment vehicle (financial))
- 9 Subsection 995-1(1) (definition of inward investment vehicle (general))
- 10 Subsection 995-1(1) (definition of outward investing entity (ADI) )
- 11 Subsection 995-1(1) (definition of outward investing entity (non-ADI) )
- 12 Subsection 995-1(1) (definition of outward investor (financial) )
- 13 Subsection 995-1(1) (definition of outward investor (general) )
- 14 Subsection 995-1(1) (paragraph (b) of the definition of safe harbour capital amount )
- Income Tax (Transitional Provisions) Act 1997
- 15 Subsection 820-10(1)
- 16 After subsection 820-10(1)
- Schedule 14 Consolidation: consequential provisions for removal of grouping
- Financial Corporations (Transfer of Assets and Liabilities) Act 1993
- 1 Section 18
- 2 Subparagraphs 18(b)(i), (ii) and (iii)
- Income Tax Assessment Act 1936
- 3 Paragraph 73E(1)(a)
- 4 Paragraph 73EA(1)(a)
- 5 Paragraph 73EB(1)(a)
- 6 Paragraph 73F(2)(a)
- 7 Paragraph 73G(1)(a)
- Income Tax Assessment Act 1997
- 8 Section 112-150 (table item 5)
- 9 Subsection 114-10(5) (example)
- 10 Paragraph 115-285(3)(c)
- 11 Subsection 121-20(1) (example 2)
- 12 Paragraph 124-795(2)(b)
- 13 Section 136-25 (table item 8)
- Taxation Administration Act 1953
- 14 Paragraphs 45-635(3)(c) and (d) of Schedule 1
- 15 Paragraphs 45-635(7)(a) and (b) of Schedule 1
- Wool Services Privatisation Act 2000
- 16 Subsection 27(2) (note)
- Schedule 15 Consolidation: foreign tax credits
- Income Tax (Transitional Provisions) Act 1997
- 1 At the end of Division 717
- New Business Tax System (Consolidation, Value Shifting, Demergers and Other Measures) Act 2002
- 2 At the end of item 2 of Schedule 10
- 3 At the end of item 3 of Schedule 10
- 4 At the end of Schedule 10
- Schedule 16 Application of sections 46 and 46A of the Income Tax Assessment Act 1936 after 30 June 2002
- Income Tax Assessment Act 1936
- 1 After section 45ZB
- 2 Section 46F
- 3 Application of item 2
- Schedule 17 Changes to the imputation system
- Income Tax Assessment Act 1997
- 1 Paragraph 202-45(f)
- 2 Section 203-20
- 3 Before section 215-1
- 4 After section 215-1
- 5 Subsection 995-1(1)
- 6 Application
- Schedule 18 Imputation system transitionals
- Income Tax (Transitional Provisions) Act 1997
- 1 After Division 201
- 2 Section 205-1
- 3 Paragraph 205-1(b)
- 4 Section 205-10 (heading)
- 5 Subsection 205-10(1)
- 6 Subsection 205-10(2)
- 7 At the end of Division 205
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