Tax Laws Amendment (2006 Measures No. 2) Act 2006 (58 of 2006)
Schedule 7 Technical corrections and improvements
Part 3 Amendments relating to asterisking
Division 3 Asterisking of "market value"
Income Tax Assessment Act 1997
215 Asterisking of "market value"
The provisions of the Income Tax Assessment Act 1997 listed in the table are amended as set out in the table.
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Asterisking amendments |
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|
Item |
Provision |
Omit: |
Substitute: |
|
1 |
Subsection 30-15(2) (table items 1 and 2, column headed " How much you can deduct ") |
market value (first occurring) |
*market value |
|
2 |
Subsection 30-15(2) (table item 7, column headed " Type of gift or contribution ") |
market value |
*market value |
|
3 |
Subsection 30-215(3) (table item 4) |
market value (first occurring) |
*market value |
|
4 |
Subsections 35-40(2) and (3) |
market value |
*market value |
|
5 |
Section 35-50 |
market value |
*market value |
|
6 |
Subsection 40-350(2) |
market value |
*market value |
|
7 |
Subparagraph 45-5(1)(e)(iii) |
market value |
*market value |
|
8 |
Paragraph 45-5(4)(c) |
market value |
*market value |
|
9 |
Subparagraph 45-10(1)(f)(iii) |
market value |
*market value |
|
10 |
Paragraph 45-10(4)(c) |
market value |
*market value |
|
11 |
Subsection 45-15(1) |
market value (first occurring) |
*market value |
|
12 |
Subsection 45-20(1) |
market value (first occurring) |
*market value |
|
13 |
Section 51-5 (table item 1.1) |
market value |
*market value |
|
14 |
Subsection 70-70(2) |
market value (first occurring) |
*market value |
|
15 |
Subsection 70-90(1A) |
market value |
*market value |
|
16 |
Paragraph 70-120(2)(c) |
market value |
*market value |
|
17 |
Paragraph 86-75(2)(a) |
market value |
*market value |
|
18 |
Paragraphs 87-25(1)(b) and (2)(b) |
market value |
*market value |
|
19 |
Subsection 104-190(5) |
market values |
*market values |
|
20 |
Paragraph 104-220(1)(b) |
market value |
*market value |
|
21 |
Subsection 104-225(6) |
*market value |
market value |
|
22 |
Subsection104-225(6) |
market value (first occurring) |
*market value |
|
23 |
Subsection 104-230(6) |
market value |
*market value |
|
24 |
Subparagraph 104-530(3)(b)(ii) |
market value |
*market value |
|
25 |
Paragraph 110-25(2)(b) |
market value |
*market value |
|
26 |
Subsection 112-20(2) |
market value (first occurring) |
*market value |
|
27 |
Paragraphs 115-45(6)(b) and (7)(b) |
market value |
*market value |
|
28 |
Subparagraph 115-290(4)(c)(i) |
market value |
*market value |
|
29 |
Subsection 116-20(2) (table item F2) |
market value (first occurring) |
*market value |
|
30 |
Subsection 116-80(2) |
market value (first occurring) |
*market value |
|
31 |
Subsections 118-60(3) and (4) |
market value |
*market value |
|
32 |
Subsection 118-192(2) |
market value |
*market value |
|
33 |
Subsection 122-20(3) |
market value (first occurring) |
*market value |
|
34 |
Paragraph 122-20(3)(a) |
*market value |
market value |
|
35 |
Subsection 122-20(4) |
market value |
*market value |
|
36 |
Subsection 122-130(3) |
market value (first occurring) |
*market value |
|
37 |
Paragraph 122-130(3)(a) |
*market value |
market value |
|
38 |
Subsection 122-130(4) |
market value |
*market value |
|
39 |
Subsection 122-140(2) (table item 3) |
market values (first occurring) |
*market values |
|
40 |
Paragraph 124-240(d) |
market value (first occurring) |
*market value |
|
41 |
Paragraph 124-245(d) |
market value (first occurring) |
*market value |
|
42 |
Subsection 124-295(6) |
market value (first occurring) |
*market value |
|
43 |
Subsection 124-300(6) |
market value (first occurring) |
*market value |
|
44 |
Subsection 124-365(3) |
market value (first occurring) |
*market value |
|
45 |
Subsection 124-375(3) |
market value (first occurring) |
*market value |
|
46 |
Paragraph 124-380(3)(b) |
market value (first occurring) |
*market value |
|
47 |
Subsection 124-450(3) |
market value (first occurring) |
*market value |
|
48 |
Subsection 124-460(3) |
market value (first occurring) |
*market value |
|
49 |
Paragraph 124-465(3)(b) |
market value (first occurring) |
*market value |
|
50 |
Paragraph 124-780(5)(a) |
market value (first occurring) |
*market value |
|
51 |
Paragraph 124-781(4)(a) |
market value (first occurring) |
*market value |
|
52 |
Paragraph 124-782(3)(b) |
market values |
*market values |
|
53 |
Subsection 124-782(4) |
market value |
*market value |
|
54 |
Paragraph 124-784(2)(b) |
market value |
*market value |
|
55 |
Subsection 124-784(3) |
market value |
*market value |
|
56 |
Subsection 124-800(1) |
market value |
*market value |
|
57 |
Paragraph 124-860(7)(b) |
market value |
*market value |
|
58 |
Subsection 128-15(4) (table item 3) |
market value (first occurring) |
*market value |
|
59 |
Subsection 128-15(4) (table item 4) |
*market value (last occurring) |
market value |
|
60 |
Subsection 130-20(3) (table item 2) |
market value |
*market value |
|
61 |
Subsections 130-80(2) and (3) |
market value |
*market value |
|
62 |
Subsection 152-20(1) |
market values |
*market values |
|
63 |
Subparagraph 152-40(3)(b)(i) |
market values |
*market values |
|
64 |
Subparagraph 152-40(4)(e)(i) |
market value |
*market value |
|
65 |
Subsection 152-310(3) |
market value |
*market value |
|
66 |
Subsection 152-325(4) |
market value |
*market value |
|
67 |
Subsections 164-15(1), (2) and (4) (definition of amount received) |
market value |
*market value |
|
68 |
Subparagraph 164-20(1)(b)(i) |
market value |
*market value |
|
69 |
Subsections 165-115AA(2) and (3) |
market value |
*market value |
|
70 |
Paragraph 165-115A(1D)(b) |
market value |
*market value |
|
71 |
Subsection 165-115E(2) (method statement, step 1) |
market value |
*market value |
|
72 |
Paragraph 165-115E(3)(b) |
market value |
*market value |
|
73 |
Subsection 165-115F(2) |
market value |
*market value |
|
74 |
Paragraph 165-115F(4)(a) |
market value |
*market value |
|
75 |
Subsections 165-115GC(5), (6) and (7) |
market value |
*market value |
|
76 |
Subsection 165-115U(1B) (method statement, step 1) |
market value |
*market value |
|
77 |
Paragraph 165-115U(1C)(b) |
market value |
*market value |
|
78 |
Subsections 165-115V(3) and (6) |
market value |
*market value |
|
79 |
Paragraph 165-115V(7)(c) |
market value |
*market value |
|
80 |
Subsection 165-115W(1) (method statement, steps 1 and 2) |
market value (first occurring) |
*market value |
|
81 |
Paragraphs 165-115ZA(5)(b) and (9)(b) |
market value |
*market value |
|
82 |
Paragraph 165-115ZA(10)(d) |
market value (first occurring) |
*market value |
|
83 |
Paragraph 165-115ZB(6)(e) |
market values |
*market values |
|
84 |
Subsection 165-115ZB(7) |
market value (first occurring) |
*market value |
|
85 |
Subsection 165-115ZD(5) (table item 6) |
market value (first occurring) |
*market value |
|
86 |
Subsection 170-205(4) |
market value (first occurring) |
*market value |
|
87 |
Paragraph 170-210(3)(c) |
market value |
*market value |
|
88 |
Subsection 170-210(3A) |
market value (first occurring) |
*market value |
|
89 |
Subsection 170-215(4) |
market value (first occurring) |
*market value |
|
90 |
Subsection 170-215(6) |
market value |
*market value |
|
91 |
Paragraph 170-220(3)(c) |
market value |
*market value |
|
92 |
Subsection 170-220(3A) |
market value (first occurring) |
*market value |
|
93 |
Subsection 170-225(4) |
market value (first occurring) |
*market value |
|
94 |
Subsection 170-225(6) |
market value |
*market value |
|
95 |
Subparagraph 207-128(3)(c)(ii) |
market value |
*market value |
|
96 |
Subsection 240-90(3) |
market value |
*market value |
|
97 |
Subsection 705-147(2) (formula) |
Market value (wherever occurring) |
*Market value |
|
98 |
Subsection 705-147(2) (definition of market value of first level entity's direct and indirect membership interests in subject entity) |
market value (last occurring) |
*market value |
|
99 |
Subsection 705-150(4) (formula) |
Market value (wherever occurring) |
*Market value |
|
100 |
Subsection 705-160(5) (formula) |
Market value (first occurring) |
*Market value |
|
101 |
Subsection 705-227(2) (formula) |
Market value (wherever occurring) |
*Market value |
|
102 |
Subsection 705-227(2) (definition of market value of first level entity's direct and indirect membership interests in subject entity) |
market value (last occurring) |
*market value |
|
103 |
Subsection 705-235(5) (formula) |
Market value (first occurring) |
*Market value |
|
104 |
Subsection 707-305(5) |
market value (first occurring) |
*market value |
|
105 |
Subsection 707-320(1) (definition of transferee's adjusted market value at the initial transfer time) |
market value |
*market value |
|
106 |
Subsection 707-320(2) (formula in table item 1) |
Market value (wherever occurring) |
*Market value |
|
107 |
Subsection 707-320(2) (table item 4) |
market value (first occurring) |
*market value |
|
108 |
Subsection 707-320(2) (formula in table item 4) |
Market value (wherever occurring) |
*Market value |
|
109 |
Subsection 707-325(1) |
market value (second occurring) |
*market value |
|
110 |
Paragraph 707-325(3)(b) |
market value |
*market value |
|
111 |
Subsection 707-330(2) |
market value (second occurring) |
*market value |
|
112 |
Subsection 719-310(2) (formula) |
Market value (wherever occurring) |
*Market value |
|
113 |
Subsection 719-570(1) (formula) |
Market value (wherever occurring) |
*Market value |
|
114 |
Subsection 719-570(1) (definition of market value of the reset interest) |
market value (last occurring) |
*market value |
|
115 |
Paragraph 723-10(1)(d) |
market value |
*market value |
|
116 |
Subparagraph 723-15(1)(c)(i) |
market value (first occurring) |
*market value |
|
117 |
Subsection 723-25(2) (formula) |
Market value (wherever occurring) |
*Market value |
|
118 |
Subsection 723-25(3) (definition of market value of part) |
market value (last occurring) |
*market value |
|
119 |
Subsection 723-25(3) (definition of market value of underlying asset) |
market value (last occurring) |
*market value |
|
120 |
Paragraph 725-45(2)(a) |
market value |
*market value |
|
121 |
Paragraph 725-65(1)(e) |
market value |
*market value |
|
122 |
Subsection 725-70(1) |
market value |
*market value |
|
123 |
Paragraph 725-145(1)(a) |
market value |
*market value |
|
124 |
Subsection 725-145(3) |
market value |
*market value |
|
125 |
Subsections 725-150(1) and (2) |
market value |
*market value |
|
126 |
Subsections 725-155(1) and (2) |
market value |
*market value |
|
127 |
Paragraph 725-160(2)(a) |
market value |
*market value |
|
128 |
Section 725-165 |
market value |
*market value |
|
129 |
Subsections 725-210(2) and (3) |
market value |
*market value |
|
130 |
Subsections 725-220(1) and (2) |
market value (first occurring) |
*market value |
|
131 |
Paragraph 725-230(1)(a) |
market value (first occurring) |
*market value |
|
132 |
Subsection 725-240(5) |
market value |
*market value |
|
133 |
Subsection 725-310(4) |
market value |
*market value |
|
134 |
Subsection 725-320(4) |
market value |
*market value |
|
135 |
Subsection 725-325(2) |
market value |
*market value |
|
136 |
Section 725-365 (method statement, step 1) |
market value (first occurring) |
*market value |
|
137 |
Section 725-370 (method statement, step 1) |
market value (first occurring) |
*market value |
|
138 |
Section 725-375 (method statement, step 1) |
market value (first occurring) |
*market value |
|
139 |
Section 725-375 (method statement, step 2, definition of sum of the group increases or discounts) |
market value |
*market value |
|
140 |
Section 725-375 (method statement, step 2, definition of total value of the direct value shift) |
market value (first occurring) |
*market value |
|
141 |
Section 725-380 (method statement, step 1, paragraph (b)) |
market value |
*market value |
|
142 |
Subsection 727-150(3) |
market value (first occurring) |
*market value |
|
143 |
Subsection 727-150(4) |
market value |
*market value |
|
144 |
Paragraph 727-155(1)(a) |
market value |
*market value |
|
145 |
Paragraph 727-165(2)(a) |
market value |
*market value |
|
146 |
Subsection 727-220(3) |
market value (first occurring) |
*market value |
|
147 |
Paragraph 727-230(a) |
market value |
*market value |
|
148 |
Paragraph 727-235(1)(a) |
market value |
*market value |
|
149 |
Subsection 727-260(2) |
market value |
*market value |
|
150 |
Subsection 727-315(1) |
market value (first occurring) |
*market value |
|
151 |
Paragraph 727-315(2)(b) |
market values |
*market values |
|
152 |
Paragraph 727-615(a) |
market value |
*market value |
|
153 |
Paragraph 727-620(a) |
market value |
*market value |
|
154 |
Subsection 727-700(2) |
market value |
*market value |
|
155 |
Subsection 727-710(2) |
market values |
*market values |
|
156 |
Subsection 727-710(3) |
market value |
*market value |
|
157 |
Subsection 727-715(2) |
market values |
*market values |
|
158 |
Subsection 727-715(3) |
market value (first occurring) |
*market value |
|
159 |
Subsection 727-720(2) |
market values |
*market values |
|
160 |
Subsection 727-720(3) |
market value |
*market value |
|
161 |
Subsection 727-770(2) |
market value |
*market value |
|
162 |
Subsection 727-775(1) |
market value |
*market value |
|
163 |
Subsections 727-775(2), (3), (4) and (5) |
market value (first occurring) |
*market value |
|
164 |
Subsection 727-780(2) |
market value (first occurring) |
*market value |
|
165 |
Subsections 727-800(2) and (5) |
market value |
*market value |
|
166 |
Subsection 727-805(1) |
market value |
*market value |
|
167 |
Subsection 727-805(2) |
market value (first occurring) |
*market value |
|
168 |
Subsection 727-805(3) |
market value (second occurring) |
*market value |
|
169 |
Subsection 727-810(2) (paragraph (a) of the definition of total disaggregated attributable decreases) |
market values |
*market values |
|
170 |
Subsection 727-830(3) |
market value |
*market value |
|
171 |
Subsection 727-835(4) |
market value |
*market value |
|
172 |
Paragraph 727-835(5)(b) |
market value |
*market value |
|
173 |
Subsection 727-840(4) |
market value |
*market value |
|
174 |
Paragraph 727-840(5)(b) |
market value |
*market value |
|
175 |
Subsection 727-850(1) |
market value |
*market value |
|
176 |
Subsection 727-855(1) |
market value (first occurring) |
*market value |
|
177 |
Subsections 727-855(2) and (3) |
market value |
*market value |
|
178 |
Subsections 727-910(1) and (2) |
market value |
*market value |
|
179 |
Paragraph 727-910(5)(a) |
market value |
*market value |
|
180 |
Subsection 995-1(1) (definition of disaggregated attributable decrease) |
market value |
*market value |
|
181 |
Subsection 995-1(1) (definition of disaggregated attributable increase) |
market value |
*market value |