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Tax Laws Amendment (Small Business) Act 2007 (80 of 2007)
- Front Matter
- 1 Short title
- 2 Commencement
- 3 Schedule(s)
- Schedule 1 Small business entities
- Income Tax Assessment Act 1997
- 1 After Subdivision 328-B
- 2 Subsection 995-1(1)
- 3 Subsection 995-1(1)
- 4 Subsection 995-1(1)
- 5 Subsection 995-1(1) (definition of connected with )
- 6 Subsection 995-1(1)
- 7 Subsection 995-1(1)
- 8 Application
- Schedule 2 Amendments relating to GST turnover thresholds
- Part 1 Main amendments
- A New Tax System (Goods and Services Tax) Act 1999
- 1 Section 23-1 (diagram)
- 2 Paragraph 23-5(b)
- 3 Subsection 23-10(1)
- 4 Paragraph 27-15(1)(a)
- 5 Subsection 27-20(1)
- 6 Subsection 27-22(1)
- 7 Paragraph 27-37(1)(a)
- 8 Subsection 29-40(1)
- 9 Paragraph 29-40(1)(a)
- 10 Paragraph 29-40(1)(c)
- 11 Subsection 29-40(1)
- 12 Paragraph 29-40(3)(a)
- 13 Paragraph 29-50(1)(a)
- 14 Subsection 29-50(2)
- 15 Paragraph 29-50(3)(a)
- 16 Subsection 31-25(2)
- 17 Subsection 33-10(2)
- 18 Subsection 57-35(1)
- 19 Subsection 83-25(1)
- 20 Subsection 83-30(1)
- 21 Subsection 84-5(2)
- 22 Paragraph 131-5(1)(a)
- 23 Paragraph 131-20(1)(c)
- 24 Subsection 131-20(5) (heading)
- 25 Subsection 131-20(5)
- 26 At the end of section 131-20
- 27 Paragraph 144-5(2)(a)
- 28 Paragraph 149-10(1)(b)
- 29 Subsection 157-10(1)
- 30 Paragraph 162-5(1)(a)
- 31 Paragraph 162-30(1)(c)
- 32 Subsection 162-30(5) (heading)
- 33 Subsection 162-30(5)
- 34 After subsection 162-30(5)
- 35 Division 188 (heading)
- 36 Section 188-1
- 37 Section 188-5 (note 2)
- 38 Section 188-10 (heading)
- 39 Subsection 188-10(1)
- 40 Paragraphs 188-10(1)(a) and (b)
- 41 Subsection 188-10(2)
- 42 Paragraphs 188-10(2)(a) and (b)
- 43 Section 188-15 (heading)
- 44 Subsections 188-15(1), (2) and (3)
- 45 Section 188-20 (heading)
- 46 Subsections 188-20(1), (2) and (3)
- 47 Section 188-22
- 48 Section 188-23 (heading)
- 49 Section 188-23
- 50 Subsections 188-24(1) and (2)
- 51 Section 188-25
- 52 Subsection 188-40(1)
- 53 Section 195-1 (definition of annual turnover )
- 54 Section 195-1 (definition of current annual turnover )
- 55 Section 195-1
- 56 Section 195-1
- 57 Section 195-1 (definition of projected annual turnover )
- 58 Section 195-1
- 59 Section 195-1
- 60 Section 195-1 (definition of turnover threshold )
- Part 2 Consequential amendments
- Income Tax Assessment Act 1997
- 61 Paragraph 974-75(6)(b)
- 62 Subsection 974-75(7)
- 63 Subsection 995-1(1) (definition of current annual turnover )
- 64 Subsection 995-1(1)
- 65 Subsection 995-1(1)
- Taxation Administration Act 1953
- 66 Paragraphs 286-80(3)(c) and (4)(c) in Schedule 1
- Part 3 Application and transitional
- 67 Application
- 68 Transitional - choice to account on a cash basis
- 69 Transitional - election to have annual apportionment
- 70 Transitional - election to pay GST by instalments
- Schedule 3 STS taxpayers
- Part 1 Main amendments
- Income Tax Assessment Act 1997
- 1 Division 328 (heading)
- 2 Subdivision 328-A
- 3 Subdivision 328-D (heading)
- 4 Section 328-170
- 5 Section 328-170 (paragraph (b))
- 6 Subsection 328-175(1)
- 7 Subsection 328-175(3)
- 8 Subsection 328-175(3) (note)
- 9 Subsection 328-175(4)
- 10 Paragraph 328-175(4)(a)
- 11 Paragraph 328-175(7)(a)
- 12 At the end of section 328-175
- 13 Paragraph 328-180(1)(a)
- 14 After paragraph 328-180(1)(a)
- 15 Subsection 328-180(2)
- 16 Subsection 328-180(3)
- 17 Subsection 328-180(5)
- 18 Subsection 328-185(1)
- 19 Paragraph 328-185(2)(a)
- 20 Paragraph 328-185(2)(b)
- 21 Paragraph 328-185(3)(a)
- 22 Subsection 328-185(3)
- 23 Subsection 328-185(4)
- 24 Subsection 328-185(5)
- 25 Subsection 328-185(6)
- 26 Subsection 328-185(7)
- 27 Subsection 328-185(7)
- 28 Subsection 328-185(7) (note)
- 29 Subsection 328-185(7) (example)
- 30 Subsection 328-190(1)
- 31 Subsection 328-190(2)
- 32 Subsection 328-190(3)
- 33 Subsection 328-190(4) (note)
- 34 Subsection 328-195(1)
- 35 Subsection 328-195(2) (note)
- 36 Subsection 328-195(3)
- 37 Section 328-200 (note)
- 38 Subsection 328-205(1)
- 39 Paragraph 328-205(1)(a)
- 40 Paragraph 328-205(1)(c)
- 41 Subsection 328-205(1) (note 3)
- 42 Subsection 328-205(2)
- 43 Paragraph 328-205(4)(b)
- 44 Paragraph 328-205(4)(c)
- 45 Subsection 328-205(4) (example)
- 46 Subsection 328-210(1)
- 47 Subsection 328-210(3) (example)
- 48 Section 328-220
- 49 Subsection 328-225(1) (note)
- 50 Subsection 328-225(2)
- 51 Subsection 328-225(3) (paragraph (a) of the definition of asset value )
- 52 Subsection 328-225(3) (paragraph (b) of the definition of asset value )
- 53 Subsection 328-225(3) (paragraph (b) of the definition of asset value )
- 54 Paragraph 328-225(4)(a)
- 55 Paragraph 328-225(4)(b)
- 56 Subsection 328-225(4) (note)
- 57 Subsection 328-225(4) (note)
- 58 Subsection 328-225(4) (note)
- 59 Subsection 328-225(4) (note)
- 60 Subparagraphs 328-225(5)(a)(i) and (ii)
- 61 Subsection 328-235(1)
- 62 Subsection 328-235(2)
- 63 Paragraph 328-243(2)(b)
- 64 Subsection 328-247(1)
- 65 Subsection 328-247(1) (example)
- 66 Subsection 328-247(1) (example)
- 67 Subsection 328-247(1) (example)
- 68 Subsection 328-247(2)
- 69 Subsection 328-250(3) (example)
- 70 Paragraph 328-255(1)(a)
- 71 Subdivision 328-E (heading)
- 72 Section 328-280
- 73 Section 328-280
- 74 Section 328-285 (heading)
- 75 Subsection 328-285(1)
- 76 Subsection 328-285(1)
- 77 Paragraph 328-285(1)(a)
- 78 At the end of subsection 328-285(1)
- 79 Subsection 328-285(2)
- 80 Section 328-290
- 81 Subsection 328-295(1)
- 82 Subsection 328-295(2)
- 83 Subsection 328-295(2) (note)
- 84 Subsection 328-295(2) (example)
- 85 Subdivision 328-F
- 86 Subdivision 328-G
- 87 Subsection 995-1(1) (paragraph (ac) of the definition of capital allowance )
- 88 Subsection 995-1(1) (paragraph (b) of the definition of closing pool balance )
- 89 Subsection 995-1(1)
- 90 Subsection 995-1(1) (definition of general STS pool )
- 91 Subsection 995-1(1)
- 92 Subsection 995-1(1) (definition of long life STS pool )
- 93 Subsection 995-1(1) (definition of STS affiliate )
- 94 Subsection 995-1(1) (definition of STS average turnover )
- 95 Subsection 995-1(1) (definition of STS group turnover )
- 96 Subsection 995-1(1) (definition of STS taxpayer )
- Part 2 Consequential amendments
- Income Tax Assessment Act 1936
- 97 Subsection 6(1)
- 98 Paragraph 73BA(4)(a)
- 99 Subsection 82KZL(1) (definition of STS taxpayer )
- 100 Subparagraph 82KZM(1)(aa)(i)
- 101 Paragraph 82KZMA(2)(b)
- 102 At the end of section 82KZMD
- 103 Subsection 170(1) (table item 1, column headed "Qualification", paragraphs (a), (b) and (d))
- 104 Subsection 170(1) (table item 2, column headed "Time of amendment")
- 105 Subsection 170(1) (table item 2, column headed "Qualification", paragraphs (a) and (c))
- 106 Subsection 170(1) (table item 3, column headed "Time of amendment")
- 107 Subsection 170(1) (table item 3, column headed "Qualification", paragraphs (a) and (b))
- 108 Subsection 170(14) (definition of STS taxpayer )
- Income Tax Assessment Act 1997
- 109 Subsection 4-15(2) (table item 1A)
- 110 Section 13-1 (table item headed "entrepreneurs’ tax offset”)
- 111 Section 13-1 (table item headed "partnerships")
- 112 Section 13-1 (table item headed "simplified tax system")
- 113 Section 13-1 (table item headed "trusts")
- 114 Section 20-157 (heading)
- 115 Subsection 27-100(5) (heading)
- 116 Subsection 40-25(1) (note 2)
- 117 Subsection 40-340(3) (note 2)
- 118 Subsection 40-425(7) (heading)
- 119 Subsection 40-425(7)
- 120 Subsection 40-430(1) (note 2)
- 121 Section 61-500
- 122 Section 61-500
- 123 Section 61-500
- 124 Section 61-500
- 125 Paragraph 61-505(1)(b)
- 126 Paragraph 61-505(1)(c)
- 127 Paragraph 61-505(1)(d)
- 128 Subsection 61-505(2) (method statement, steps 3, 4 and 5)
- 129 Subsection 61-505(2) (example)
- 130 Subsection 61-505(2) (example)
- 131 Subsection 61-505(2) (example)
- 132 Subsection 61-505(2) (example)
- 133 Paragraph 61-510(1)(b)
- 134 Paragraph 61-510(1)(c)
- 135 Paragraph 61-510(1)(d)
- 136 Paragraph 61-510(1)(e)
- 137 Subsection 61-510(2) (method statement, steps 3, 4 and 5)
- 138 Paragraph 61-515(1)(b)
- 139 Paragraph 61-515(1)(c)
- 140 Paragraph 61-515(1)(d)
- 141 Paragraph 61-515(1)(e)
- 142 Subsection 61-515(2) (method statement, steps 3, 4 and 5)
- 143 Paragraph 61-520(1)(b)
- 144 Paragraph 61-520(1)(c)
- 145 Paragraph 61-520(1)(d)
- 146 Paragraph 61-520(1)(e)
- 147 Subsection 61-520(2) (method statement, steps 3, 4 and 5)
- 148 Section 61-525
- 149 Subsection 70-5(3) (note)
- 150 Subsection 70-35(1) (note)
- 151 Subsections 70-40(1) and (2)
- 152 Subsection 70-45(2) (table item 5)
- 153 Paragraph 104-235(4)(b)
- 154 Subsection 716-25(2) (note)
- 155 Paragraph 727-15(8)(a)
- 156 Section 727-100 (note 2)
- 157 Subsection 727-470(2) (heading)
- 158 Paragraph 727-470(2)(a)
- 159 Subsection 995-1(1) (definition of net STS income )
- 160 Subsection 995-1(1)
- 161 Subsection 995-1(1)
- 162 Subsection 995-1(1) (definition of STS annual turnover )
- Part 3 Application and transitional
- Income Tax (Transitional Provisions) Act 1997
- 163 Subsection 40-10(3) (note 2)
- 164 Division 328 (heading)
- 165 Before section 328-115
- 166 Paragraph 328-115(1)(a)
- 167 Paragraph 328-115(2)(a)
- 168 Subsection 328-115(3)
- 169 Subsection 328-115(3)
- 170 Subsection 328-115(4)
- 171 Subsection 328-115(4)
- 172 Section 328-120
- 173 After section 328-125
- 174 Section 328-440
- 175 At the end of Division 727
- 176 Application
- Schedule 4 Capital gains tax small business concessions
- Part 1 Main amendments
- Income Tax Assessment Act 1997
- 1 Section 152-5
- 2 Paragraph 152-5(a)
- 3 Paragraph 152-10(1)(c)
- 4 Section 152-15
- 5 Paragraph 152-15(c)
- 6 Paragraph 152-15(c)
- 7 Paragraph 152-20(2)(a)
- 8 Subparagraph 152-20(2)(b)(i)
- 9 Paragraph 152-20(3)(a)
- 10 Paragraph 152-20(3)(b)
- 11 Subsection 152-20(4)
- 12 Subsection 152-20(4) (example)
- 13 Section 152-25
- 14 Section 152-30
- 15 Subparagraph 152-40(1)(a)(ii)
- 16 Paragraph 152-40(1)(b)
- 17 Subsection 152-40(1) (note)
- 18 At the end of subsection 152-40(1)
- 19 After subsection 152-40(1)
- 20 Subsection 152-40(2)
- 21 After section 152-40
- 22 Subsection 165-115AA(1)
- 23 Subsection 165-115GC(4)
- 24 Subsection 165-115GC(8)
- 25 Paragraph 727-15(8)(b)
- 26 Subsection 995-1(1) (definition of small business CGT affiliate )
- Part 2 Consequential amendments
- A New Tax System (Wine Equalisation Tax) Act 1999
- 27 Paragraph 19-20(1)(a)
- 28 Section 33-1 (definition of connected with )
- Income Tax Assessment Act 1997
- 29 Subsection 104-197(2) (example)
- 30 Subsection 152-305(3)
- Part 3 Application
- 31 Application
- Schedule 5 Fringe benefits tax: car parking exemption
- Fringe Benefits Tax Assessment Act 1986
- 1 Paragraph 58GA(1)(d)
- 2 Subsection 58GA(2)
- 3 Subsection 58GA(2)
- 4 Paragraph 58GA(2)(c)
- 5 Subsection 58GA(3)
- 6 Application
- 7 Transitional - being a small business entity for the 2005-06 or 2006-07 income year
- Schedule 6 PAYG instalments
- Taxation Administration Act 1953
- 1 Subsection 45-125(7) in Schedule 1
- 2 Subparagraph 45-130(1)(b)(ii) in Schedule 1
- 3 Subparagraph 45-130(1)(c)(i) in Schedule 1
- 4 At the end of subsection 45-130(1) in Schedule 1 (before the note)
- 5 Subsection 45-130(2) in Schedule 1
- 6 After subsection 45-130(2) in Schedule 1
- 7 Subsection 45-130(3) in Schedule 1
- 8 After subsection 45-130(3) in Schedule 1
- 9 Application
- Schedule 7 Roll-over relief
- Income Tax Assessment Act 1997
- 1 Before subsection 328-243(1)
- 2 Application
- Schedule 8 Miscellaneous amendments
- Income Tax Assessment Act 1936
- 1 Subsection 82KZL(1) (definition of small business taxpayer )
- Income Tax Assessment Act 1997
- 2 Subdivision 960-Q
- 3 Subsection 995-1(1) (definition of average turnover )
- 4 Subsection 995-1(1) (definition of group turnover )
- 5 Subsection 995-1(1) (definition of small business taxpayer )
- 6 Subsection 995-1(1) (paragraph (b) of the definition of value )
- 7 Subsection 995-1(1) (paragraph (c) of the definition of value )
- Income Tax (Transitional Provisions) Act 1997
- 8 At the end of section 40-340
- 9 Application
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