Treasury Laws Amendment (Responsible Buy Now Pay Later and Other Measures) Act 2024 (138 of 2024)

Schedule 1   Build to rent developments

Income Tax Assessment Act 1997

12   Subsection 995-1(1)

Insert:

4% build to rent manner has the meaning given by subsection 43-145(2).

active build to rent development has the meaning given by subsection 43-151(2).

active build to rent development area has the meaning given by subsection 43-151(1).

active build to rent part has the meaning given by section 44-25.

affordable dwelling has the meaning given by subsection 43-153(2).

assessed build to rent development misuse tax means *build to rent development misuse tax, as assessed under Schedule 1 to the Taxation Administration Act 1953.

build to rent capital works deduction amount has the meaning given by section 44-25.

build to rent compliance period has the meaning given by subsection 43-152(5).

build to rent development has the meaning given by subsections 43-152(1), (2) and (3).

build to rent development misuse tax means tax imposed by the Capital Works (Build to Rent Misuse Tax) Act 2024.

build to rent misuse amount has the meaning given by section 44-20.

build to rent withholding amount has the meaning given by section 44-30.

cease to be an *active build to rent development has the meaning given by subsection 43-152(4).

commence to be an *active build to rent development has the meaning given by subsections 43-152(1) and (2).

common area , for *dwellings of an *active build to rent development, has the meaning given by subsection 43-151(3).

expand , in relation to an *active build to rent development, has the meaning given by subsection 43-152(3).