-
New Business Tax System (Consolidation and Other Measures) Act 2003 (16 of 2003)
- Front Matter
- 1 Short title
- 2 Commencement
- 3 Schedule(s)
- 4 Amendment of income tax assessments
- Schedule 1 Consolidation: amendments of various cost base provisions
- Part 1 Adjustments to restrict step 4 reduction in allocable cost amount in Subdivision 705-B and 705-D cases
- Income Tax Assessment Act 1997
- 1 Section 705-155
- 2 Section 705-230
- Part 2 Consequential amendments relating to simplified imputation system
- Income Tax Assessment Act 1997
- 3 Section 705-60 (table item 3, column headed 'What the step requires')
- 4 Subsection 705-90(3)
- 5 Section 705-90 (heading)
- 6 Paragraph 705-90(6)(a)
- Income Tax (Transitional Provisions) Act 1997
- 7 Subsection 701-30(2)
- 8 Subsection 701-30(4)
- Part 3 Changes to tax cost setting amount in Subdivision 705-B and 705-D cases to take account of steps 3 and 5 of allocable cost amount
- Income Tax Assessment Act 1997
- 9 Section 705-160
- 10 Section 705-235
- Part 4 Adjustment to allocable cost amount for certain pre-joining time roll-overs from foreign residents
- Income Tax Assessment Act 1997
- 11 Section 705-60 (after table item 3)
- 12 Section 705-60 (table item 4, column headed 'What the step requires')
- 13 At the end of section 705-60
- 14 After section 705-90
- 15 After section 705-145
- 16 Section 705-150 (heading)
- 17 Subsection 705-150(3) (heading)
- 18 Subsection 705-150(3)
- 19 Subsection 705-150(4) (heading)
- 20 Subsection 705-150(4)
- 21 Subsection 705-150(4) (note)
- 22 After section 705-225
- Part 5 Technical corrections
- Income Tax Assessment Act 1997
- 23 Subsection 701-25(4)
- 24 Subsection 701-45(3)
- 25 Subparagraph 701-75(3)(a)(ii)
- 26 Subsections 705-150(3) and (4)
- Part 6 Extension of transitional provision relating to step 3 of allocable cost amount on group formation
- Income Tax (Transitional Provisions) Act 1997
- 27 Subsection 701-30(1)
- Part 7 Transitional group's allocable cost amount for subsidiary members other than chosen transitional entities
- Income Tax (Transitional Provisions) Act 1997
- 28 Paragraph 701-20(5)(c)
- 29 Paragraph 701-20(5)(c)
- Part 8 Inclusion in certain transitional provisions of references to the Income Tax Assessment Act 1997
- Income Tax (Transitional Provisions) Act 1997
- 30 Subsection 701-5(2)
- 31 Subsection 701-5(2)
- 32 Section 701-15
- 33 Section 701-15 (note)
- 34 Paragraph 701-20(4)(b)
- 35 Paragraph 701-20(5)(d)
- 36 Section 701-25
- Schedule 2 Consolidation: beneficial ownership
- Income Tax Assessment Act 1997
- 1 After section 703-30
- Schedule 3 Consolidation: technical amendment of membership rules
- Income Tax Assessment Act 1997
- 1 Subparagraph 703-50(3)(b)(i)
- Schedule 4 Consolidation: adjustments for errors etc.
- Part 1 New Subdivision 705-E
- Income Tax Assessment Act 1997
- 1 Section 705-245 (link note)
- 2 After Subdivision 705-D
- Part 2 Consequential amendments
- Income Tax Assessment Act 1997
- 3 Section 104-5 (at the end of the table)
- 4 At the end of Division 104
- 5 Section 110-10 (at the end of the table)
- 6 Subsection 995-1(1)
- 7 Subsection 995-1(1)
- Taxation Administration Act 1953
- 8 After subsection 8W(1B)
- 9 At the end of section 284-80 in Schedule 1
- 10 At the end of section 284-150 in Schedule 1
- Schedule 5 Consolidation: imputation rules
- Income Tax Assessment Act 1936
- 1 At the end of section 177EB
- Income Tax Assessment Act 1997
- 2 Section 709-85 (link note)
- 3 At the end of Subdivision 709-A
- 4 At the end of Division 709
- 5 Before Subdivision 719-J
- Schedule 6 Consolidation: life insurance companies
- Part 1 Life insurance companies and consolidation
- Income Tax Assessment Act 1997
- 1 At the end of Division 713
- Part 2 Consequential amendments
- Income Tax Assessment Act 1997
- 2 At the end of subsection 320-175(1)
- 3 At the end of subsection 320-230(1)
- 4 At the end of section 701-60
- 5 At the end of section 703-20
- 6 At the end of subsection 705-25(5)
- 7 At the end of subsection 705-70(1)
- 8 Subsection 995-1(1)
- 9 Subsection 995-1(1) (definition of retained cost base asset )
- Part 3 Transitional provisions
- Income Tax (Transitional Provisions) Act 1997
- 10 After Division 707
- Taxation Administration Act 1953
- 11 At the end of section 286-75 of Schedule 1
- 12 At the end of subsection 286-80(2) of Schedule 1
- Schedule 7 Consolidation: interactions between Consolidation rules and other rules
- Part 1 New Division 715 inserted in the Income Tax Assessment Act 1997
- 1 After Division 713
- Part 2 New Subdivision 719-T inserted in the Income Tax Assessment Act 1997
- 2 After Subdivision 719-K
- Part 3 Consequential amendment of the Income Tax Assessment Act 1997
- 3 Subsection 165-115BB(2) (definition of residual unrealised net loss )
- 4 Before subsection 165-115ZB(1)
- 5 Subsection 165-115ZB(1)
- 6 Subsection 165-115ZB(1)
- 7 After subsection 705-65(3)
- 8 Before subsection 705-65(4)
- 9 Subsection 705-65(4)
- 10 Heading to subsection 705-75(3)
- 11 Subsection 705-75(3)
- 12 Section 713-50 (link note)
- 13 Section 719-570 (link note)
- Part 4 Dictionary amendments
- Income Tax Assessment Act 1997
- 14 Subsection 995-1(1) (after paragraph (a) of the definition of adjustable value )
- 15 Subsection 995-1(1)
- 16 Subsection 995-1(1)
- 17 Subsection 995-1(1)
- 18 Subsection 995-1(1)
- 19 Subsection 995-1(1)
- 20 Subsection 995-1(1)
- 21 Subsection 995-1(1)
- 22 Subsection 995-1(1)
- 23 Subsection 995-1(1)
- 24 Subsection 995-1(1)
- 25 Subsection 995-1(1)
- 26 Subsection 995-1(1) (definition of same business test period )
- 27 Subsection 995-1(1) (definition of test time )
- 28 Subsection 995-1(1) (definition of test time )
- 29 Subsection 995-1(1) (definition of test time )
- Schedule 8 Consolidation: various provisions about CFCs, FIFs and FLPs
- Income Tax Assessment Act 1997
- 1 Subdivision 717-D (heading)
- 2 After section 717-225
- 3 Subsection 717-230(4)
- 4 Subdivision 717-E (heading)
- 5 Group heading before section 717-245
- 6 Group heading before section 717-255
- 7 After section 717-260
- 8 Subsection 717-265(5)
- 9 At the end of Division 717
- Schedule 9 Consolidation: foreign dividend accounts
- Part 1 Basic amendments
- Income Tax Assessment Act 1997
- 1 At the end of Division 717
- 2 At the end of Division 719
- Part 2 Related amendments
- Income Tax Assessment Act 1936
- 3 Paragraph 128TA(1)(b)
- 4 Paragraph 128TA(1)(c)
- 5 Paragraph 128TA(2)(b)
- 6 Paragraph 128TA(2)(c)
- 7 Subparagraph 128TB(1)(c)(ii)
- 8 Paragraph 128TB(3)(c)
- 9 Subsection 128TC(2) (definition of total non-resident dividends )
- 10 Subsection 128TC(2) (definition of maximum non-resident dividend percentage )
- 11 Subsection 128TC(2) (definition of total calculation value for dividend purposes of other shares )
- 12 Application of amendments
- Income Tax Assessment Act 1997
- 13 At the end of subsection 703-75(3)
- 14 Section 717-265 (link note)
- 15 Subsection 995-1(1)
- 16 Subsection 995-1(1)
- 17 Subsection 995-1(1)
- 18 Subsection 995-1(1)
- 19 Subsection 995-1(1)
- 20 Subsection 995-1(1)
- 21 Application of amendments of subsection 995-1(1)
- Schedule 10 Consolidation: offshore banking units
- Income Tax Assessment Act 1936
- 1 Section 121C (at the end of the definition of OBU )
- Income Tax Assessment Act 1997
- 2 At the end of Division 717
- Schedule 11 Consolidation: application of rules to MEC groups
- Income Tax Assessment Act 1997
- 1 Before Subdivision 719-B
- 2 Subsection 995-1(1) (at the end of the definition of consolidated group )
- 3 Subsection 995-1(1) (at the end of the definition of MEC group )
- Income Tax (Transitional Provisions) Act 1997
- 4 Before Subdivision 719-C
- Schedule 12 Consolidation: MEC group cost setting rules
- Income Tax Assessment Act 1997
- 1 Section 719-155
- 2 Before subsection 719-160(1)
- 3 Section 719-165
- 4 At the end of Subdivision 719-C
- Schedule 13 Consolidation: MEC groups and losses
- Part 1 Basic amendments
- Income Tax Assessment Act 1997
- 1 Before section 719-300
- Part 2 Related amendments
- Income Tax Assessment Act 1997
- 2 Subsection 707-210(1)
- 3 Paragraph 707-210(3)(b)
- 4 Subsection 995-1(1)
- 5 Application of amendment of subsection 995-1(1)
- Schedule 14 Consolidation: liability rules
- Income Tax Assessment Act 1997
- 1 At the end of Subdivision 709-A
- 2 Subsection 721-10(2) (at the end of the table)
- 3 After subsection 721-15(5)
- 4 After section 721-15
- 5 After subsection 721-30(5)
- 6 After section 721-30
- 7 After section 721-35
- Taxation Administration Act 1953
- 8 Subsection 250-10(1) in Schedule 1 (note)
- 9 At the end of subsection 250-10(1) in Schedule 1 (after the note)
- 10 Subsection 250-10(2) (after table item 37)
- 11 Subsection 250-10(2) in Schedule 1 (note)
- 12 At the end of subsection 250-10(2) in Schedule 1 (after the note)
- Schedule 15 Consolidation: general application provision
- Income Tax (Transitional Provisions) Act 1997
- 1 Subsection 700-1(1)
- Schedule 16 Consolidation: transitional foreign-held membership structures
- Part 1 Amendment of the Income Tax Assessment Act 1997
- 1 Subsection 703-15(2) (cell at table item 2, column 4)
- 2 Section 703-45
- 3 Paragraph 705-15(d)
- Part 2 Amendment of the Income Tax (Transitional Provisions) Act 1997
- 4 Division 701B (heading)
- 5 After Division 701B
- Schedule 17 Consolidation: transitional cost setting rule relating to roll-overs
- Income Tax (Transitional Provisions) Act 1997
- 1 Section 701-35
- 2 At the end of section 701-35
- 3 After section 719-160
- Schedule 18 Consolidation: extra transitional provision for foreign tax credits
- New Business Tax System (Consolidation, Value Shifting, Demergers and Other Measures) Act 2002
- 1 At the end of Schedule 10
- Schedule 19 Consolidation: amendment of losses rules
- Income Tax Assessment Act 1997
- 1 After subsection 701-30(3)
- 2 At the end of section 701-30
- 3 Section 707-405
- Income Tax (Transitional Provisions) Act 1997
- 4 After section 707-325
- 5 After section 707-328
- New Business Tax System (Consolidation) Act (No. 1) 2002
- 6 At the end of item 39 of Schedule 3
- 7 Item 34 of Schedule 5
- Schedule 20 Consolidation: transfers of losses involving financial corporations
- Financial Corporations (Transfer of Assets and Liabilities) Act 1993
- 1 Subsection 20(1A)
- 2 At the end of subsection 20(1A)
- 3 At the end of section 26C
- 4 At the end of section 170-5 in Schedule 1
- 5 At the end of Subdivision 170-A in Schedule 1
- 6 Schedule 2 (after the heading)
- 7 At the end of Schedule 2
- 8 Application
- Schedule 21 Consolidation: CGT events relating to various cost base provisions
- Income Tax Assessment Act 1997
- 1 Section 100-15 (note)
- 2 Section 104-5 (after table row relating to event number L1)
- 3 After section 104-500
- 4 Section 110-10 (after table row relating to event number L1)
- 5 Subsection 705-25(4) (at the end of the note)
- 6 Subsection 705-35 (at the end of note 2)
- 7 Subsection 711-20(1) (at the end of the note)
- Schedule 22 Consolidation: thin capitalisation
- Income Tax Assessment Act 1997
- 1 Subparagraph 820-599(2)(c)(iv)
- Schedule 23 Consolidation: research and development
- Income Tax Assessment Act 1936
- 1 At the end of subsection 73B(23)
- 2 At the end of subsection 73B(24B)
- 3 After section 73BAF
- 4 Paragraph 73BF(1)(b)
- 5 Subsection 73BF(1) (note)
- 6 At the end of subsection 73BF(1)
- 7 Subsection 73BF(2)
- 8 After subsection 73BF(3)
- 9 Subsection 73BF(7)
- Income Tax Assessment Act 1997
- 10 Paragraph 40-292(1)(b)
- 11 Paragraph 40-292(3)(b)
- 12 At the end of section 40-292
- 13 Subsection 701-55(2)
- Taxation Administration Act 1953
- 14 Paragraph 286-80(2)(b) in Schedule 1
- Schedule 24 Consolidation: pay as you go (PAYG) instalments
- Part 1 Amendment of the Taxation Administration Act 1953
- 1 Subsection 45-120(2A) in Schedule 1
- 2 After section 45-155 in Schedule 1
- 3 At the end of section 45-330 in Schedule 1
- 4 Section 45-700 in Schedule 1 (notes)
- 5 Section 45-705 in Schedule 1
- 6 Section 45-720 in Schedule 1 (link note)
- 7 Before section 45-755 in Schedule 1
- 8 Subsection 45-760(1) in Schedule 1
- 9 At the end of section 45-775 in Schedule 1
- 10 Subdivision 45-R in Schedule 1 (heading)
- 11 Section 45-850 in Schedule 1
- 12 Paragraph 45-855(b) in Schedule 1
- 13 Paragraphs 45-860(1)(a) and (2)(a) in Schedule 1
- 14 Paragraphs 45-860(1)(b) and (2)(b) in Schedule 1
- 15 Paragraph 45-860(3)(a) in Schedule 1
- 16 At the end of section 45-860 in Schedule 1
- 17 At the end of section 45-865 in Schedule 1
- 18 At the end of Subdivision 45-R in Schedule 1
- 19 Application of amendments
- Part 2 Amendment of the Income Tax Assessment Act 1997
- 20 Subsection 995-1(1) (definition of consolidation transitional year )
- 21 Subsection 995-1(1)
- 22 Subsection 995-1(1) (definition of initial head company instalment rate )
- 23 Application of amendments
- Schedule 25 Value shifting
- Income Tax Assessment Act 1997
- 1 Section 104-5 (table row relating to event number K8)
- 2 Section 136-10 (table row relating to event number G2)
- 3 Section 136-10 (after table row relating to event number K7)
- 4 Subsection 725-240(1) (note)
- 5 Section 725-245 (note)
- 6 Paragraph 727-355(1)(c)
- 7 Paragraph 727-520(4)(a)
- 8 After subsection 727-715(3)
- 9 Paragraph 727-715(4)(b)
- 10 After subsection 727-800(6)
- Income Tax (Transitional Provisions) Act 1997
- 11 Subsection 723-1(1)
- 12 Subsection 727-1(1)
- Schedule 26 Loss integrity rules: global method of valuing assets
- Income Tax Assessment Act 1997
- 1 Subsection 165-115ZD(1)
- 2 Subsection 165-115ZD(4)
- 3 Paragraph 165-115ZD(5)(a)
- 4 At the end of section 165-115ZD
- Income Tax (Transitional Provisions) Act 1997
- 5 Subsection 165-115ZD(1)
- 6 Paragraph 165-115ZD(2)(a)
- 7 At the end of section 165-115ZD
- 8 Application
- Schedule 27 Venture capital franking
- Income Tax Assessment Act 1997
- 1 At the end of subsection 204-30(6)
- 2 At the end of section 204-30
- 3 After Division 208
- 4 Subsection 995-1(1) (definition of deficit )
- 5 Subsection 995-1(1)
- 6 Subsection 995-1(1)
- 7 Subsection 995-1(1)
- 8 Subsection 995-1
- 9 Subsection 995-1(1)
- 10 Subsection 995-1(1)
- 11 Subsection 995-1(1)
- 12 Subsection 995-1(1)
- 13 Subsection 995-1(1) (definition of surplus )
- 14 Subsection 995-1(1)
- 15 Subsection 995-1(1)
- 16 Subsection 995-1(1)
- 17 Subsection 995-1(1)
- 18 Subsection 995-1(1)
- 19 Subsection 995-1(1)
- Income Tax (Transitional Provisions) Act 1997
- 20 After Division 205
- 21 Application
- Schedule 28 Machinery provisions for simplified imputation system
- Income Tax Assessment Act 1997
- 1 Subsections 202-75(2) and (3)
- 2 At the end of subsection 204-75(4)
- 3 After Division 210
- 4 Subsection 995-1(1)
- 5 Subsection 995-1(1)
- 6 Subsection 995-1(1)
- 7 Subsection 995-1(1)
- 8 Subsection 995-1(1)
- 9 Subsection 995-1(1)
- 10 Subsection 995-1(1)
- 11 Subsection 995-1(1)
- 12 Subsection 995-1(1)
- Income Tax (Transitional Provisions) Act 1997
- 13 After Division 210
- Taxation Administration Act 1953
- 14 Subsection 8AAB(4) (table items 2 to 5)
- 15 Subsection 8AAB(5) (after table item 2)
- 16 Section 14ZQ (definition of franking assessment )
- 17 Subsection 250-10(1) in Schedule 1 (table items 30, 35, 40 and 45)
- 18 Subsection 250-10(2) in Schedule 1 (after table item 37)
- 19 Application
- Schedule 29 Consequential amendments relating to the simplified imputation system
- Income Tax Assessment Act 1936
- 1 Subsection 6(1)
- 2 Subsection 6(1)
- 3 Subsection 6(1)
- 4 Subsection 6(1)
- 5 Subsection 46AA(2)
- 6 Section 46AD
- 7 Subsection 46F(1) (definition of unfranked part )
- 8 Paragraph 128B(3)(aaa)
- 9 Paragraph 128B(3)(ga)
- 10 Paragraph 128B(3)(gaa)
- 11 Section 177EA
- Income Tax Assessment Act 1997
- 12 Section 975-505 (link note)
- 13 After Division 975
- 14 Application
- Schedule 30 The effect of a cum dividend sale or securities lending arrangement under the simplified imputation system
- Income Tax Assessment Act 1997
- 1 After Division 215
- 2 Application
Login to ATO online services
Access secure services, view your details and lodge online.
Login to ATO online services
Access secure services, view your details and lodge online.