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Treasury Laws Amendment (A Tax Plan for the COVID-19 Economic Recovery) Act 2020 (92 of 2020)
- Front Matter
- 1 Short title
- 2 Commencement
- 3 Schedules
- Schedule 1 Accelerating the Personal Income Tax Plan
- Part 1 Personal income tax reform: main amendments
- Income Tax Rates Act 1986
- 1 Clause 1 of Part I of Schedule 7 (table dealing with tax rates for resident taxpayers for the 2018-19, 2019-20, 2020-21 or 2021-22 year of income)
- 2 Repealed law continues for relevant years of income
- 3 Clause 1 of Part I of Schedule 7 (heading to table dealing with tax rates for resident taxpayers for the 2022-23 or 2023-24 year of income)
- 4 Clause 1 of Part I of Schedule 7 (table dealing with tax rates for resident taxpayers for the 2022-23 or 2023-24 year of income) (note)
- 5 Clause 1 of Part II of Schedule 7 (table dealing with tax rates for non-resident taxpayers for the 2018-19, 2019-20, 2020-21 or 2021-22 year of income)
- 6 Repealed law continues for relevant years of income
- 7 Clause 1 of Part II of Schedule 7 (heading to table dealing with tax rates for non-resident taxpayers for the 2022-23 or 2023-24 year of income)
- 8 Clause 1 of Part II of Schedule 7 (table dealing with tax rates for non-resident taxpayers for the 2022-23 or 2023-24 year of income) (note)
- 9 Clause 1 of Part III of Schedule 7 (table dealing with tax rates for working holiday makers for the 2018-19, 2019-20, 2020-21 or 2021-22 year of income)
- 10 Repealed law continues for relevant years of income
- 11 Clause 1 of Part III of Schedule 7 (heading to table dealing with tax rates for working holiday makers for the 2022-23 or 2023-24 year of income)
- 12 Clause 1 of Part III of Schedule 7 (table dealing with tax rates for working holiday makers for the 2022-23 or 2023-24 year of income) (note)
- Part 2 Personal income tax reform: repeals on 1 July 2024
- Income Tax Rates Act 1986
- 13 Clause 1 of Part I of Schedule 7 (table dealing with tax rates for resident taxpayers for the 2020-21, 2021-22, 2022-23 or 2023-24 year of income)
- 14 Clause 1 of Part II of Schedule 7 (table dealing with tax rates for non-resident taxpayers for the 2020-21, 2021-22, 2022-23 or 2023-24 year of income)
- 15 Clause 1 of Part III of Schedule 7 (table dealing with tax rates for working holiday makers for the 2020-21, 2021-22, 2022-23 or 2023-24 year of income)
- 16 Repealed law continues for relevant years of income
- Part 3 Low Income tax offset
- Income Tax Assessment Act 1936
- 17 Section 159N
- Income Tax Assessment Act 1997
- 18 Section 13-1 (table item headed "low income earner")
- 19 Subsections 61-110(1) and (2)
- 20 Subsection 63-10(1) (table item 17)
- 21 Subsection 63-10(1) (notes 6 and 7)
- Taxation Administration Act 1953
- 22 Section 45-340 in Schedule 1 (method statement, step 1, paragraph (f))
- 23 Section 45-375 in Schedule 1 (method statement, step 1, paragraph (e))
- 24 Application of amendments
- Part 4 Low and Middle Income tax offset
- Income Tax Assessment Act 1997
- 25 Subdivision 61-D (heading)
- 26 Sections 61-105 and 61-107
- 27 Application of amendments
- Part 5 Amendments to amending legislation
- Treasury Laws Amendment (Personal Income Tax Plan) Act 2018
- 28 Subsection 2(1) (table item 3)
- 29 Subsection 2(1) (table items 5 and 6)
- 30 Part 3 of Schedule 1
- 31 Part 3 of Schedule 2
- Schedule 2 Temporary loss carry back
- Part 1 Main amendments
- Income Tax Assessment Act 1997
- 1 Section 67-23 (after table item 13)
- 2 Before Division 164
- 3 Subsection 995-1(1)
- Part 2 Anti-avoidance
- Income Tax Assessment Act 1936
- 4 Subsection 6(1)
- 5 After paragraph 177C(1)(ba)
- 6 After paragraph 177C(1)(e)
- 7 After paragraph 177C(2)(c)
- 8 Subsection 177C(3)
- 9 After paragraph 177C(3)(caa)
- 10 After paragraph 177C(3)(f)
- 11 After paragraph 177CB(1)(c)
- 12 After paragraph 177F(1)(c)
- 13 After paragraph 177F(3)(c)
- Part 3 Consequential amendments
- Income Tax Assessment Act 1936
- 14 Subsection 92A(3)
- 15 Paragraph 175A(2)(b)
- Income Tax Assessment Act 1997
- 16 Section 13-1 (after table item headed "long service leave")
- 17 Subsection 36-17(1) (note)
- 18 At the end of subsection 36-17(1)
- 19 Section 36-25 (at the end of the table dealing with tax losses of corporate tax entities)
- 20 Section 36-25 (table dealing with tax losses of pooled development funds (PDFs), item 1)
- 21 Section 36-25 (table dealing with tax losses of VCLPs, ESVCLPs, AFOFs and VCMPs, item 1)
- 22 At the end of paragraph 195-15(5)(b)
- 23 After paragraph 195-15(5)(b)
- 24 At the end of Subdivision 195-A
- 25 After section 195-70
- 26 Subparagraph 205-35(1)(b)(ii)
- 27 Subparagraph 205-35(1)(b)(ii)
- 28 Subsection 219-50(2) (step 1 of the method statement)
- 29 Subsection 219-50(2) (steps 2 and 3 of the method statement)
- 30 After paragraph 320-149(2)(a)
- 31 At the end of subsection 830-65(3)
- 32 At the end of subsection 960-20(2)
- 33 At the end of subsection 960-20(4)
- 34 Subsection 995-1(1)
- 35 Amendments of listed provisions - income tax liability
- Taxation Administration Act 1953
- 36 Section 45-340 in Schedule 1 (after paragraph (da) of step 1 of the method statement)
- Schedule 3 Increasing small business entity turnover threshold for certain concessions
- Part 1 Amendments
- A New Tax System (Goods and Services Tax) Act 1999
- 1 After paragraph 123-7(1)(a)
- 2 After subsection 123-7(1)
- Customs Act 1901
- 3 Subsection 4(1)
- 4 Before subparagraph 69(1)(d)(i)
- 5 Subparagraph 69(1)(d)(i)
- 6 After subsection 69(1)
- 7 Paragraphs 69(8)(c) and (e) and (13)(a) and (c)
- Excise Act 1901
- 8 Subsection 4(1)
- 9 Before subparagraph 61C(1)(b)(i)
- 10 Subparagraph 61C(1)(b)(i)
- 11 After subsection 61C(1)
- 12 Paragraphs 61C(3)(c) and (e) and (8)(a) and (c)
- Fringe Benefits Tax Assessment Act 1986
- 13 Subparagraph 58GA(1)(d)(ii)
- 14 After subsection 58GA(1)
- 15 Paragraph 58X(4)(b)
- 16 At the end of section 58X
- Income Tax Assessment Act 1936
- 17 Section 82KZM (heading)
- 18 Subparagraph 82KZM(1)(aa)(i)
- 19 After subsection 82KZM(1)
- 20 Paragraph 82KZMA(2)(b)
- 21 After subsection 82KZMA(2)
- 22 Section 82KZMD (note)
- 23 Subsection 170(1) (table items 1, 2 and 3)
- 24 Subsection 170(14)
- Income Tax Assessment Act 1997
- 25 Paragraph 40-880(2A)(c)
- 26 Subparagraph 40-880(2A)(c)(ii)
- 27 After subsection 40-880(2A)
- 28 At the end of subsection 328-10(1)
- 29 At the end of subsection 328-110(1)
- 30 Subdivision 328-E (heading)
- 31 Section 328-280
- 32 Section 328-280
- 33 Section 328-285 (heading)
- 34 Section 328-285
- 35 Paragraph 328-285(a)
- 36 At the end of section 328-285
- Taxation Administration Act 1953
- 37 Paragraph 45-130(1)(d) in Schedule 1
- 38 After subsection 45-130(1) in Schedule 1
- 39 Subsections 45-130(2A) and (3A) in Schedule 1
- Part 2 Application of amendments
- 40 Application of amendments
- Schedule 4 Enhancing the R&D Tax Incentive
- Income Tax Assessment Act 1997
- 1 Subsection 67-30(1)
- 2 Subsection 67-30(1) (notes)
- 3 Subsection 355-100(1) (heading)
- 4 Subsection 355-100(1) (cell at table item 1, column headed "The percentage is:")
- 5 Subsection 355-100(1) (table items 2 and 3, column headed "The percentage is:")
- 6 Subsection 355-100(1) (note)
- 7 After subsection 355-100(1)
- 8 Subsection 355-100(2)
- 9 Subsection 355-100(3)
- 10 At the end of Subdivision 355-C
- 11 Section 355-750
- Tax Laws Amendment (Research and Development) Act 2015
- 12 Subsection 2(1) (table item 3)
- 13 Part 2 of Schedule 1
- 14 Application of amendments
- Schedule 5 Enhancing the integrity of the R&D Tax Incentive
- Part 1 Schemes to reduce income tax
- Income Tax Assessment Act 1936
- 1 Subsection 177A(1)
- 2 After paragraph 177C(1)(bc)
- 3 At the end of subsection 177C(1)
- 4 At the end of subsection 177C(2)
- 5 Subsection 177C(3)
- 6 After paragraph 177C(3)(cb)
- 7 At the end of subsection 177C(3)
- 8 At the end of subsection 177CB(1)
- 9 After paragraph 177F(1)(e)
- 10 After paragraph 177F(3)(f)
- Part 2 R&D clawback and catch up amounts
- Income Tax Assessment Act 1997
- 11 Section 4-25
- 12 Subsection 9-5(1) (table item 4A)
- 13 Section 10-5 (table item headed "R&D")
- 14 Section 20-5 (table item 10)
- 15 Subsection 40-292(1)
- 16 At the end of subsection 40-292(1)
- 17 Subsections 40-292(3) to (5)
- 18 Subsection 40-293(1)
- 19 At the end of subsection 40-293(1)
- 20 Subsection 40-293(3)
- 21 Paragraphs 355-100(1)(c) and (f)
- 22 Section 355-105
- 23 At the end of section 355-105
- 24 Subdivision 355-E (heading)
- 25 Section 355-300
- 26 Subsection 355-315(2) (heading)
- 27 At the end of subsection 355-315(2)
- 28 Subsection 355-315(3)
- 29 Subdivisions 355-G and 355-H
- 30 Subsection 355-525(2) (heading)
- 31 At the end of subsection 355-525(2)
- 32 Subsections 355-525(3) to (7)
- 33 Section 355-530
- 34 Subsection 355-715(2)
- 35 Subsection 355-715(2) (note 2)
- 36 Section 355-720
- 37 Subsection 360-40(2)
- 38 Subsection 995-1(1) (definition of feedstock revenue)
- Income Tax Rates Act 1986
- 39 Subsection 12(7)
- 40 Sections 12B and 31
- Income Tax (Transitional Provisions) Act 1997
- 41 Subsection 40-292(3) (formula)
- 42 After subsection 40-292(3)
- 43 Subsection 40-293(3) (formula)
- 44 After subsection 40-293(3)
- 45 Subsection 355-320(1) (note 1)
- 46 Subsection 355-320(3) (heading)
- 47 Subsection 355-320(3) (note)
- 48 Subsection 355-320(4) (formula)
- 49 After subsection 355-320(4)
- 50 Subsection 355-325(1) (note 1)
- 51 Subsection 355-325(3) (heading)
- 52 Subsection 355-325(3) (note)
- 53 Subsection 355-325(4)
- 54 Subsections 355-325(4A) to (4D)
- 55 Section 355-720
- Part 3 Application of amendments
- 56 Application of amendments
- Schedule 6 Improving the administration of the R&D Tax Incentive
- Part 1 Reporting of information about research and development tax offset
- Taxation Administration Act 1953
- 1 At the end of Part IA
- 2 Subsection 355-50(1) in Schedule 1 (note 2)
- 3 Application
- Part 2 Determinations about performance of Board's functions
- Industry Research and Development Act 1986
- 4 At the end of section 26A
- 5 After Division 6 of Part III
- 6 Application
- Part 3 Delegation by Board and committees
- Industry Research and Development Act 1986
- 7 Paragraph 21(1)(e)
- 8 Subsection 22A(1)
- Part 4 Extensions of time
- Industry Research and Development Decision-making Principles 2011
- 9 At the end of section 3.2
- Schedule 7 Temporary full expensing of depreciating assets
- Part 1 Temporary full expensing of depreciating assets
- Income Tax (Transitional Provisions) Act 1997
- 1 After Subdivision 40-BA
- 2 Subsection 328-180(1)
- 3 Subsection 328-180(1) (paragraph (b) of the definition of increased access year)
- 4 After section 328-180
- Part 2 Adjusting existing measures
- Income Tax Assessment Act 1997
- 5 Subparagraph 40-82(2A)(d)(ii)
- 6 Paragraph 40-82(4A)(a)
- 7 Subsection 40-82(5) (heading)
- 8 Subsection 40-82(5)
- Income Tax (Transitional Provisions) Act 1997
- 9 After subsection 40-125(7)
- 10 Application
- 11 Subparagraphs 328-180(4A)(a)(ii), (4A)(d)(i), (4A)(d)(ii) and (5A)(b)(iii)
- Part 3 Consequential amendments
- Income Tax Assessment Act 1997
- 12 Subsection 40-65(1) (note 4)
- 13 Subsection 40-75(2) (note 3)
- 14 Subsection 40-82(2A) (note)
- 15 At the end of subsection 40-82(2A)
- 16 Subsection 40-82(3A) (note)
- 17 At the end of subsection 40-82(3A)
- 18 Subsection 328-180(1) (note)
- 19 Paragraph 328-180(2)(a) (note)
- 20 Paragraph 328-180(3)(a) (note)
- 21 Subsection 328-210(1) (note 2)
- 22 Subsection 328-250(1) (note)
- 23 Subsection 328-250(4) (note)
- 24 Subsection 328-253(4) (note)
- 25 Paragraph 705-45(2)(b)
- Income Tax (Transitional Provisions) Act 1997
- 26 Subsection 40-120(1) (note)
- 27 At the end of subsection 40-120(1)
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