-
New Business Tax System (Consolidation and Other Measures) Act (No. 1) 2002 (117 of 2002)
- Front Matter
- 1 Short title
- 2 Commencement
- 3 Schedule(s)
- 4 Amendment of income tax assessments
- Schedule 1 Consolidation: assessable income and deductions spread over several membership or non-membership periods
- Income Tax Assessment Act 1997
- 1 At the end of subsection 701-30(3)
- 2 Subsection 701-30(3) (note)
- 3 Before Division 717
- 4 Subsection 995-1(1)
- Schedule 2 Consolidation: group continues when shelf company becomes new head company
- Income Tax Assessment Act 1997
- 1 Paragraph 103-25(3)(a)
- 2 At the end of section 124-360
- 3 After subsection 124-370(1)
- 4 Subsection 124-380(5)
- 5 Group heading before section 124-385
- 6 Before subsection 124-385(1)
- 7 At the end of Subdivision 124-G
- 8 At the end of subsection 703-5(2)
- 9 Subsection 703-60(3) (link note)
- 10 After section 703-60
- 11 Application of certain amendments
- Schedule 3 Consolidation: effect on cost base rules etc. of loss of pre-CGT status of membership interests
- Part 1 Basic amendments
- Income Tax Assessment Act 1997
- 1 After section 705-55
- 2 After section 705-160
- Part 2 Consequential CGT amendments
- Income Tax Assessment Act 1997
- 3 Section 100-15 (at the end of the note)
- 4 Section 102-30 (after table item 7)
- 5 Section 104-5 (after table row relating to event number K8)
- 6 At the end of Division 104
- 7 Section 110-10 (after table row relating to event number K7)
- Part 3 Transitional provisions
- Income Tax (Transitional Provisions) Act 1997
- 8 After Division 701A
- Schedule 4 Consolidation: new Subdivisions 705-C (where a consolidated group is acquired by another) and 705-D (where multiple entities are linked by membership interests)
- Income Tax Assessment Act 1997
- 1 Subsection 701-15(1)
- 2 Subparagraph 705-15(c)(i)
- 3 Section 705-165
- 4 At the end of Division 705
- 5 Subsection 711-5(1)
- 6 Paragraph 711-65(1)(a) (second occurring)
- 7 Subsection 711-70(1)
- Schedule 5 Consolidation: allocable cost amount for a joining trust
- Part 1 New provisions inserted in the Income Tax Assessment Act 1997
- 1 At the end of section 705-125
- 2 Paragraph 711-15(1)(c)
- 3 At the end of subsection 711-15(1)
- 4 At the end of section 711-65
- 5 Subsection 711-70(5)
- 6 After Division 711
- Part 2 Consequential amendment
- Income Tax Assessment Act 1997
- 7 Section 705-60 (table item 3)
- 8 Subsection 705-65(1)
- 9 Subsection 705-90(1)
- 10 At the end of subsection 705-90(1)
- 11 At the end of subsection 705-90(7)
- 12 Section 705-105
- Income Tax (Transitional Provisions) Act 1997
- 13 At the end of section 700-1
- 14 At the end of subsection 701-30(2)
- Schedule 6 Consolidation: losses
- Part 1 Maintaining same ownership to utilise transferred losses
- Income Tax Assessment Act 1997
- 1 Paragraph 707-210(4)(c)
- 2 Subparagraph 707-210(4)(d)(ii)
- Part 2 Utilising losses head company transfers to itself
- Income Tax Assessment Act 1997
- 3 Paragraph 707-335(1)(a)
- 4 Paragraph 707-335(3)(e)
- Part 3 Effect of exit history rule
- Income Tax Assessment Act 1997
- 5 At the end of Subdivision 707-D
- Schedule 7 Consolidation: foreign tax credits and exit history rule
- Income Tax Assessment Act 1997
- 1 Section 717-20 (link note)
- 2 At the end of Subdivision 717-A
- Schedule 8 Consolidation: MEC groups
- Income Tax Assessment Act 1997
- 1 Division 719 (heading to Guide)
- 2 Before section 719-1
- 3 Section 719-1 (heading)
- 4 Paragraph 719-5(4)(d)
- 5 Paragraph 719-40(1)(f)
- 6 Application of amendments
- 7 Subsection 719-80(2) (link note)
- 8 After section 719-80
- 9 Subsection 995-1(1) (definition of available fraction )
- 10 Subsection 995-1(1)
- Schedule 9 Consolidation: application provision and transitional provisions about trading stock and internally-generated assets
- Income Tax (Transitional Provisions) Act 1997
- 1 Section 700-1
- 2 After Division 701
- Schedule 10 Consolidation: transitional rules for MEC tax cost setting provisions
- Income Tax (Transitional Provisions) Act 1997
- 1 Section 717-25 (link note)
- 2 At the end of Part 3-90
- Schedule 11 Consolidation: consequential provisions for research and development
- Income Tax Assessment Act 1936
- 1 Subsection 6(1)
- 2 Subsection 6(1)
- 3 Subsection 6(1)
- 4 Subsection 6(1)
- 5 Subsection 6(1)
- 6 Subsection 6(1)
- 7 After section 73B
- Income Tax Assessment Act 1997
- 8 Section 701-5 (note)
- 9 At the end of section 701-5
- 10 At the end of subsection 701-40(1)
- 11 After paragraph 701-40(2)(c)
- Taxation Administration Act 1953
- 12 Section 286-1 of Schedule 1
- 13 Section 286-25 of Schedule 1
- 14 At the end of section 286-75 of Schedule 1
- 15 Subsection 286-80(2) of Schedule 1
- Schedule 12 Consolidation: amendments relating to Division 170
- Income Tax Assessment Act 1997
- 1 At the end of section 170-15
- 2 Section 170-30 (heading)
- 3 At the end of subsections 170-30(1) and (2)
- 4 After section 170-30
- 5 Subsection 170-35(3) (note)
- 6 At the end of subsection 170-35(3)
- 7 Subsection 170-40(2) (note)
- 8 At the end of subsection 170-40(2)
- 9 After section 170-40
- 10 At the end of section 170-45
- 11 At the end of section 170-55
- 12 Application of amendments of Subdivision 170-A
- 13 At the end of section 170-115
- 14 Section 170-130 (heading)
- 15 At the end of subsections 170-130(1) and (2)
- 16 After section 170-130
- 17 Subsection 170-135(3) (note 2)
- 18 At the end of subsection 170-140(2)
- 19 After section 170-140
- 20 At the end of section 170-145
- 21 At the end of section 170-155
- 22 Application of amendments of Subdivision 170-B
- 23 At the end of section 707-315
- Income Tax (Transitional Provisions) Act 1997
- 24 Before Subdivision 170-B
- 25 Application of Subdivision 170-A of the Income Tax (Transitional Provisions) Act 1997
- 26 Subdivision 170-B (heading)
- 27 At the end of Subdivision 170-B
- 28 Application of amendments of Subdivision 170-B of the Income Tax (Transitional Provisions) Act 1997
- Schedule 13 Consolidation: thin capitalisation
- Income Tax Assessment Act 1997
- 1 Section 820-10 (table item 3)
- 2 Before section 820-460
- 3 After Subdivision 820-F
- 4 Subsection 995-1(1) (definition of adjusted average equity capital)
- 5 Subsection 995-1(1) (definition of average equity capital)
- 6 Subsection 995-1(1) (definition of inward investing entity (ADI))
- 7 Subsection 995-1(1) (definition of inward investing entity (non-ADI))
- 8 Subsection 995-1(1) (definition of inward investment vehicle (financial))
- 9 Subsection 995-1(1) (definition of inward investment vehicle (general))
- 10 Subsection 995-1(1) (definition of outward investing entity (ADI) )
- 11 Subsection 995-1(1) (definition of outward investing entity (non-ADI) )
- 12 Subsection 995-1(1) (definition of outward investor (financial) )
- 13 Subsection 995-1(1) (definition of outward investor (general) )
- 14 Subsection 995-1(1) (paragraph (b) of the definition of safe harbour capital amount )
- Income Tax (Transitional Provisions) Act 1997
- 15 Subsection 820-10(1)
- 16 After subsection 820-10(1)
- Schedule 14 Consolidation: consequential provisions for removal of grouping
- Financial Corporations (Transfer of Assets and Liabilities) Act 1993
- 1 Section 18
- 2 Subparagraphs 18(b)(i), (ii) and (iii)
- Income Tax Assessment Act 1936
- 3 Paragraph 73E(1)(a)
- 4 Paragraph 73EA(1)(a)
- 5 Paragraph 73EB(1)(a)
- 6 Paragraph 73F(2)(a)
- 7 Paragraph 73G(1)(a)
- Income Tax Assessment Act 1997
- 8 Section 112-150 (table item 5)
- 9 Subsection 114-10(5) (example)
- 10 Paragraph 115-285(3)(c)
- 11 Subsection 121-20(1) (example 2)
- 12 Paragraph 124-795(2)(b)
- 13 Section 136-25 (table item 8)
- Taxation Administration Act 1953
- 14 Paragraphs 45-635(3)(c) and (d) of Schedule 1
- 15 Paragraphs 45-635(7)(a) and (b) of Schedule 1
- Wool Services Privatisation Act 2000
- 16 Subsection 27(2) (note)
- Schedule 15 Consolidation: foreign tax credits
- Income Tax (Transitional Provisions) Act 1997
- 1 At the end of Division 717
- New Business Tax System (Consolidation, Value Shifting, Demergers and Other Measures) Act 2002
- 2 At the end of item 2 of Schedule 10
- 3 At the end of item 3 of Schedule 10
- 4 At the end of Schedule 10
- Schedule 16 Application of sections 46 and 46A of the Income Tax Assessment Act 1936 after 30 June 2002
- Income Tax Assessment Act 1936
- 1 After section 45ZB
- 2 Section 46F
- 3 Application of item 2
- Schedule 17 Changes to the imputation system
- Income Tax Assessment Act 1997
- 1 Paragraph 202-45(f)
- 2 Section 203-20
- 3 Before section 215-1
- 4 After section 215-1
- 5 Subsection 995-1(1)
- 6 Application
- Schedule 18 Imputation system transitionals
- Income Tax (Transitional Provisions) Act 1997
- 1 After Division 201
- 2 Section 205-1
- 3 Paragraph 205-1(b)
- 4 Section 205-10 (heading)
- 5 Subsection 205-10(1)
- 6 Subsection 205-10(2)
- 7 At the end of Division 205
Copyright notice
© Australian Taxation Office for the Commonwealth of Australia
You are free to copy, adapt, modify, transmit and distribute material on this website as you wish (but not in any way that suggests the ATO or the Commonwealth endorses you or any of your services or products).
