Commonwealth Consolidated Acts

CLEAN ENERGY LEGISLATION (CARBON TAX REPEAL) ACT 2014 - SCHEDULE 3

Clean Energy (Consequential Amendments) Act 2011

1   Subsection   2(1) (table item   6)

Repeal the item.

2   Part   3 of Schedule   2

Repeal the Part.

Income Tax Assessment Act 1997

3   Section   67 - 23 (table item   24)

Repeal the item.

4   Subdivision   385 - J

Repeal the Subdivision.

5   Subsection   995 - 1(1) (definition of eligible no - till seeder )

Repeal the definition.

6   Application of amendments

The amendments made by this Schedule apply to assessments for the 2014 - 15 income year and later income years.

Note:   The provisions of the Income Tax Assessment Act 1997 repealed by this Schedule will continue to apply to assessments for the 2012 - 13 and 2013 - 14 income years.

7   Transitional--timing relating to 2013 - 14 income year

The following provisions of the Income Tax Assessment Act 1997 :

  (a)   subparagraph   385 - 175(1)(e)(ii);

  (b)   subparagraph   385 - 190(1)(c)(ii);

apply for the purposes of assessments for the 2013 - 14 income year as if those provisions referred to 30   June 2014 rather than 30   June 2015.