Treasury Laws Amendment (2022 Measures No. 5) Act 2023

(2 of 2023)

An Act to amend the law relating to taxation, and for related purposes

[Assented to 16 February 2023]

The Parliament of Australia enacts:

1   Short title

This Act is the Treasury Laws Amendment (2022 Measures No. 5) Act 2023.

2   Commencement

 

(1) Each provision of this Act specified in column 1 of the table commences, or is taken to have commenced, in accordance with column 2 of the table. Any other statement in column 2 has effect according to its terms.

Note: This table relates only to the provisions of this Act as originally enacted. It will not be amended to deal with any later amendments of this Act.

      

(2) Any information in column 3 of the table is not part of this Act. Information may be inserted in this column, or information in it may be edited, in any published version of this Act.

3   Schedules

Legislation that is specified in a Schedule to this Act is amended or repealed as set out in the applicable items in the Schedule concerned, and any other item in a Schedule to this Act has effect according to its terms.

Schedule 1   Deductible gift recipients

Income Tax Assessment Act 1997

1   Subsection 30-25(2) (at the end of the cell at table item 2.2.24, column headed "Special conditions")

Add "and before 1 January 2023".

2   Subsection 30-25(2) (at the end of the table)

Add:

3   Section 30-95 (table item 11.2.11)

Omit "9 March 2023", substitute "9 March 2028".

4   Subsection 30-100(2) (table item 12.2.5)

Omit "1 July 2022", substitute "1 July 2024".

5   Section 30-105 (at the end of the table)

Add:

6   Section 30-315 (after table item 21)

Insert:

7   Section 30-315 (after table item 26)

Insert:

8   Section 30-315 (after table item 63B)

Insert:

9   Section 30-315 (after table item 65AA)

Insert:

10   Section 30-315 (after table item 72)

Insert:

11   Section 30-315 (after table item 112AA)

Insert: