Tax Laws Amendment (Improvements to Self Assessment) Act (No. 2) 2005 (161 of 2005)
Schedule 1 Assessments
Part 1 Amending assessments
Income Tax Assessment Act 1936
3 Subsection 170(10)
Repeal the subsection, substitute:
(10) Nothing in this section prevents the amendment, at any time, of an assessment for the purpose of giving effect to any of the provisions of this Act set out in this table.
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Amendment of assessments |
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Item |
Provision |
Brief description |
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1 |
Section 23AB |
Income of certain persons serving with an armed force under the control of the United Nations |
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2 |
Section 23H |
Exemption of certain film income |
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3 |
Section 26AG |
Certain film proceeds included in assessable income |
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4 |
Subsection 47(2B) |
Distributions by liquidator |
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5 |
Section 51AD |
Deductions not allowable in respect of property used under certain leveraged arrangements |
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6 |
Section 51AH |
Deductions not allowable where expenses incurred by employee are reimbursed |
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7 |
Subsection 57AM(10), (13), (14), (15) or (16) |
Special depreciation on trading ships |
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8 |
Subsection 59(2D) |
Disposal, loss or destruction of depreciated property |
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9 |
Subsection 77F(5) |
Money paid before 1 July 1991 on shares in management and investment companies |
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10 |
Section 78A |
Certain gifts not to be allowable deductions |
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11 |
Section 78B |
Promoters recoupment tax |
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12 |
Section 82KJ |
Deduction not allowable in respect of certain pre-paid outgoings |
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13 |
Section 82KK |
Schemes designed to postpone tax liability |
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14 |
Section 82KL |
Tax benefit not allowable in respect of certain recouped expenditure |
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15 |
Subsection 82S(3) |
Interest on certain convertible notes to be an allowable deduction - where loan made before 1 January 1976 |
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16 |
Subsection 82SA(2) |
Interest on certain convertible notes to be an allowable deduction - where loan made on or after 1 January 1976 |
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17 |
Section 100A |
Present entitlement arising from reimbursement agreement |
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18 |
Subdivision C of Division 6D of Part III |
Ultimate beneficiary non-disclosure tax on share of net income |
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19 |
Section 105AA |
Additional period for making sufficient distribution |
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20 |
Section 105AB |
Additional period for distribution by liquidator |
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21 |
Section 121AT |
Other tax consequences of demutualisation |
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22 |
Division 9C of Part III |
Assessable income diverted under certain tax avoidance schemes |
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23 |
Division 10BA of Part III |
Australian films |
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24 |
Section 136AF |
Consequential adjustments to assessable income and allowable deductions |
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25 |
Division 16D of Part III |
Certain arrangements relating to the use of property |
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26 |
Subsection 159GZZZH(2) |
Post-cancellation disposals of eligible interests etc. |
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27 |
Section 160ABB |
Rebate in respect of certain payments by the Commonwealth Savings Bank of Australia |
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28 |
Section 271-105 in Schedule 2F |
Amounts subject to family trust distribution tax not assessable |
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29 |
Schedule 2G |
Farm management deposits |