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Taxation Laws Amendment Act (No. 5) 2003 (142 of 2003)
- Front Matter
- 1 Short title
- 2 Commencement
- 3 Schedule(s)
- 4 Amendment of assessments
- Schedule 1 Thin Capitalisation: amendments taking effect on 1 July 2001
- Part 1 Application of amendments
- 1 Application
- Part 2 Exemption of certain special purpose entities
- Income Tax Assessment Act 1997
- 2 After section 820-37
- 3 After subsection 820-550
- 4 After subsection 820-583
- 5 At the end of 820-942(2)
- Part 3 Choice by some financial entities to be treated as ADIs for thin capitalisation purposes
- Income Tax Assessment Act 1997
- 6 After Subdivision 820-E
- 7 Subsection 995-1(1) (at the end of the definition of inward investing entity (ADI) )
- 8 Subsection 995-1(1) (at the end of the definition of inward investment vehicle (financial) )
- 9 Subsection 995-1(1) (at the end of the definition of inward investor (financial) )
- 10 Subsection 995-1(1) (at the end of the definition of outward investing entity (ADI) )
- 11 Subsection 995-1(1) (at the end of the definition of outward investor (financial) )
- 12 Subsection 995-1(1)
- Part 4 Revaluing assets for thin capitalisation purposes
- Income Tax Assessment Act 1997
- 13 At the end of subsection 820-680(2)
- 14 After subsection 820-680(2)
- 15 After section 820-980
- Income Tax Assessment Act 1936
- 16 Subsection 262A(2AA)
- 17 At the end of subsection 262A(3)
- Part 5 Arrangements for borrowing securities
- Income Tax Assessment Act 1997
- 18 Subsection 820-85(3) (step 4 of the method statement)
- 19 Subsection 820-120(2) (step 4 of the method statement)
- 20 Subsection 820-185(3) (step 3 of the method statement)
- 21 Subsection 820-225(2) (step 3 of the method statement)
- 22 Subsection 820-942(1) (step 1 of the method statement)
- 23 Subsection 820-942(1) (after step 3 of the method statement)
- 24 Subsection 820-942(1) (step 4 of the method statement)
- 25 After subsection 820-942(1)
- 26 Subsection 995-1(1)
- 27 Subsection 995-1(1) (at the end of the definition of non-debt liabilities )
- 28 Subsection 995-1(1) (at the end of the definition of on-lent amount )
- Part 6 Definition of financial entity
- Income Tax Assessment Act 1997
- 29 Subsection 995-1(1) (paragraph (c) of the definition of financial entity )
- Part 7 Cost-free debt capital
- Income Tax Assessment Act 1997
- 30 Paragraph 820-946(1)(c)
- 31 At the end of subsection 820-946(4)
- Part 8 Associate entity debt
- Income Tax Assessment Act 1997
- 32 Subsection 820-910(2)
- Part 9 Debt deductions for borrowing expenses
- Income Tax Assessment Act 1997
- 33 Paragraph 820-40(1)(c)
- Part 10 Foreign controlled Australian partnerships
- Income Tax Assessment Act 1997
- 34 Paragraph 820-795(2)(a)
- Part 11 Arm's length debt amount
- Income Tax Assessment Act 1997
- 35 Paragraph 820-105(2)(d)
- 36 At the end of subsection 820-105(2)
- 37 Paragraph 820-215(2)(d)
- 38 At the end of subsection 820-215(2)
- Part 12 Maximum allowable debt
- Income Tax Assessment Act 1997
- 39 Paragraph 820-90(1)(c)
- Part 13 Non-debt liabilities
- Income Tax Assessment Act 1997
- 40 Subsection 995-1(1) (paragraph (c) of the definition of non-debt liabilities )
- Schedule 2 Thin Capitalisation: amendments taking effect on 1 July 2002
- Part 1 Application of amendments
- 1 Application
- Part 2 Records about Australian permanent establishments
- Income Tax Assessment Act 1997
- 2 Section 820-960
- Income Tax Assessment Act 1936
- 3 Paragraph 262A(3)(c)
- Part 3 Equity interests excluded in working out safe harbour debt amount
- Income Tax Assessment Act 1997
- 4 Section 820-10 (table item 8A)
- 5 Section 820-95 (after step 1 of the method statement)
- 6 Section 820-95 (step 2 of the method statement)
- 7 Subsection 820-100(2) (after step 1 of the method statement)
- 8 Subsection 820-100(2) (step 2 of the method statement)
- 9 Subsection 820-100(3) (after step 1 of the method statement)
- 10 Subsection 820-100(3) (step 2 of the method statement)
- 11 Section 820-195 (after step 1 of the method statement)
- 12 Section 820-195 (step 2 of the method statement)
- 13 Subsection 820-200(2) (after step 1 of the method statement)
- 14 Subsection 820-200(2) (step 2 of the method statement)
- 15 Subsection 820-200(3) (after step 1 of the method statement)
- 16 Subsection 820-200(3) (step 2 of the method statement)
- 17 Section 820-205 (after step 1 of the method statement)
- 18 Section 820-205 (step 2 of the method statement)
- 19 Subsection 820-210(2) (after step 1 of the method statement)
- 20 Subsection 820-210(2) (step 2 of the method statement)
- 21 Subsection 820-210(3) (after step 1 of the method statement)
- 22 Subsection 820-210(3) (step 2 of the method statement)
- 23 Subdivision 820-KA (heading)
- 24 Section 820-945
- 25 Section 820-946 (heading)
- 26 Subsection 820-946(1)
- 27 Subsection 820-946(2)
- 28 After subsection 820-946(2)
- 29 Subsection 820-946(3)
- 33 Subsection 995-1(1)
- 34 Subsection 995-1(1) (definition of on issue )
- Part 4 Adjusted average equity capital for grouping purposes
- Income Tax Assessment Act 1997
- 35 Subsection 820-562(3)
- 36 Subsection 820-589(3)
- 37 Paragraphs 820-589(3)(a) and (b)
- 38 Subsection 820-589(3) (note)
- 39 At the end of section 820-589
- 40 Paragraphs 820-613(3)(a) and (b)
- Part 5 Disallowed deductions not included in cost base of a CGT asset
- Income Tax Assessment Act 1997
- 41 At the end of Subdivision 110-A
- 42 At the end of section 820-115
- 43 At the end of section 820-220
- 44 At the end of section 820-325
- 45 At the end of section 820-415
- 46 Section 820-465 (note)
- 47 At the end of section 820-465
- 48 Section 820-605 (before Note 1)
- 49 Application
- Taxation Laws Amendment Act (No. 7) 2000
- 50 Item 31 of Schedule 4
- 51 Application
- Part 6 Premium excess amount
- Income Tax Assessment Act 1997
- 52 Subsection 820-920(3) (step 2 of the method statement)
- Part 7 Attributable safe harbour excess amount
- Income Tax Assessment Act 1997
- 53 Subsection 820-920(4) (at the end of step 1 of the method statement)
- Schedule 3 Thin Capitalisation: amendments taking effect on 1 July 2003
- Part 1 Definition of equity capital and related concepts
- Income Tax Assessment Act 1997
- 1 Subsection 820-300(3)
- 2 Subsection 820-300(3)
- 3 Subsection 820-330(2)
- 4 Subsection 820-330(2)
- 5 Paragraph 820-395(3)(a)
- 6 Section 820-589
- 7 Subsection 820-611(2)
- 8 Subsections 820-613(2) and (3)
- 9 Subsection 820-615(2)
- 10 Subsection 995-1(1)
- 11 Subsection 995-1(1) (definition of equity capital )
- 12 Subsection 995-1(1) (definition of equity interest in an entity)
- 13 Subsection 995-1(1) (definition of equity interest in a company)
- 14 Subsection 995-1(1) (definition of worldwide equity )
- 15 Application
- Part 2 Assets and liabilities
- Income Tax Assessment Act 1997
- 16 Subsection 820-680(1)
- 17 After subsection 820-680(1)
- 18 Application
- Schedule 4 Foreign dividend accounts
- Income Tax Assessment Act 1936
- 1 Paragraph 128TB(1)(b)
- 2 Application
- Schedule 5 FBT exemption for public hospitals
- Fringe Benefits Tax Assessment Act 1986
- 1 Subsection 5B(1E) (method statement, step 2)
- 2 Subsection 5B(1E) (method statement, step 2)
- 3 Subsection 5B(1E) (method statement, step 2)
- 4 Subparagraphs 57A(2)(b)(i) and (ii)
- 5 Subsection 57A(3)
- 6 Paragraphs 140(1B)(a) and (b)
- 7 Subparagraphs 140(1C)(b)(i) and (ii)
- 8 Application of amendments
- Schedule 6 Reducing tax on excessive ETPs
- Part 1 Main amendments
- Income Tax Rates Act 1986
- 1 Subsection 3(1)
- 2 Subsection 3(1)
- 3 Subsection 3(1)
- 4 Subsection 3(1)
- 5 Paragraph 1(a) of Part I of Schedule 7
- 6 Paragraph 1(a) of Part II of Schedule 7
- 7 Paragraph 1(a) of Part I of Schedule 9
- 8 Paragraph 1(a) of Part II of Schedule 9
- Superannuation Contributions Tax (Assessment and Collection) Act 1997
- 9 Paragraph 7A(3)(d)
- 10 Paragraph 7B(3)(e)
- 11 At the end of section 8
- 12 Section 43
- 13 Section 43
- 14 Section 43
- 15 Section 43
- Superannuation Contributions Tax (Members of Constitutionally Protected Superannuation Funds) Assessment and Collection Act 1997
- 16 At the end of section 9
- 17 Section 38
- 18 Section 38
- 19 Section 38
- 20 Section 38
- 21 Application
- Part 2 Technical correction
- Income Tax Rates Act 1986
- 22 Subsection 3(1) (definition of EC part of the taxable income )
- 23 Application
- Schedule 7 Application of same business test
- Part 1 Tax losses
- Division 1 Main amendment
- Income Tax Assessment Act 1997
- 1 Section 165-13
- Division 2 Consequential amendments
- Income Tax Assessment Act 1997
- 2 Paragraph 165-10(b)
- 3 Subsection 165-115B(3) (second sentence)
- 4 Subsection 165-115B(4)
- 5 Subsections 165-115BA(4) and (5)
- 6 Paragraph 165-115BA(5)(c)
- 7 Paragraph 707-125(1)(b)
- 8 Subsection 707-125(2)
- 9 Subparagraph 707-125(2)(a)(ii)
- 10 Subsection 707-125(2) (note)
- 11 Subsection 715-90(2)
- 12 Subsection 719-260(2) (note)
- 13 Subsection 995-1(1) (definition of test time )
- 14 Subsection 995-1(1) (definition of test time )
- Division 3 Application of amendments
- 15 Application
- Part 2 Bad debts
- Division 1 Main amendment
- Income Tax Assessment Act 1997
- 16 Section 165-126
- Division 2 Consequential amendments
- Income Tax Assessment Act 1997
- 17 Paragraph 165-120(1)(c)
- 18 Paragraph 165-132(1)(c)
- 19 Subsection 165-132(2)
- 20 Subsection 995-1(1) (definition of minimum continuity period )
- 21 Subsection 995-1(1) (definition of test time )
- Division 3 Technical correction
- Income Tax Assessment Act 1997
- 22 Subsection 166-40(5)
- Division 4 Application of amendments
- 23 Application
- Schedule 8 Tax losses
- Income Tax Assessment Act 1936
- 1 Section 245-110 in Schedule 2C (item 1 in column 2 of the table in the definition of table of deductible revenue losses )
- 2 Section 57-75 in Schedule 2D
- 3 Subsection 268-60(5) in Schedule 2F (note)
- Income Tax Assessment Act 1997
- 4 At the end of subsection 4-10(3A)
- 5 Section 36-10 (note)
- 6 At the end of section 36-10
- 7 Section 36-15 (heading)
- 8 Subsection 36-15(1)
- 9 After section 36-15
- 10 Section 36-25 (after the table headed 'Tax losses of companies')
- 11 At the end of Division 36
- 12 Subsection 165-70(5) (note)
- 13 At the end of section 165-70 (before the notes)
- 14 Subsection 170-20(1)
- 15 Subsection 170-45(1)
- 16 Subsection 175-35(5) (note)
- 17 At the end of section 175-35 (before the notes)
- 17A Subsection 707-310(3) (table item 6, paragraph (c) of column 2)
- 17B After subsection 707-310(3)
- 18 Subsection 995-1(1)
- 19 Subsection 995-1(1) (at the end of the definition of loss year )
- 20 Subsection 995-1(1) (the note at the end of paragraph (a) of the definition of tax loss )
- 21 Subsection 995-1(1) (before paragraph (b) of the definition of tax loss )
- Taxation Administration Act 1953
- 22 Subsections 45-330(2A) and (3) in Schedule 1
- 23 Subsections 45-330(4) and (5) in Schedule 1
- 24 Application of amendments
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