Commonwealth Consolidated Acts

TAXATION LAWS AMENDMENT ACT (NO. 8) 2003 - NOTES

Act No. 107 of 2003 as amended

This compilation was prepared on 19 August 2010
taking into account amendments up to Act No. 75 of 2010

The text of any of those amendments not in force
on that date is appended in the Notes section

The operation of amendments that have been incorporated may be
affected by application provisions that are set out in the Notes section

Prepared by the Office of Legislative Drafting and Publishing,
Attorney-General's Department, Canberra

Contents

1 Short title [see Note 1]

2 Commencement

3 Schedule(s)

Schedule 1--Franking of non-share dividends

Part 1--Amendment of the Income Tax Assessment Act 1997

Part 2--Amendment of the Income Tax Assessment Act 1936

Part 3--Application

Schedule 2--Various amendments relating to consolidated groups

Part 1--Tax cost setting for certain depreciating assets

Income Tax Assessment Act 1997

Part 2--Cost base and reduced cost base of pre-CGT assets

Income Tax Assessment Act 1997

Income Tax (Transitional Provisions) Act 1997

Part 3--CGT event in respect of reduction in tax cost setting amounts for reset cost base assets

Income Tax Assessment Act 1997

Part 4--Replacement of continuity of ownership test for retention of accelerated depreciation

Income Tax Assessment Act 1997

Part 5--Transitional adjustment to over-depreciation provisions where no unfranked or partly franked dividends

Income Tax (Transitional Provisions) Act 1997

Part 6--Adjustments for errors etc.

Taxation Administration Act 1953

Part 7--Extension of certain consolidation provisions to cover MEC groups

Income Tax Assessment Act 1997

Income Tax (Transitional Provisions) Act 1997

Part 8--Excess franking deficit tax offsets

Income Tax Assessment Act 1997

Part 9--Application

Schedule 3--Conservation covenants

Income Tax Assessment Act 1997

Schedule 4--Depreciation of cars for FBT

Fringe Benefits Tax Assessment Act 1986

Schedule 5--Endorsement of perpetual bodies as deductible gift recipients

Income Tax Assessment Act 1997

Schedule 6--Farm management deposits

Income Tax Assessment Act 1936

Schedule 7--Tax offset arising from franking deficit tax liability

Part 1--Amendment of the Income Tax Assessment Act 1997

Part 2--Amendment of the Income Tax (Transitional Provisions) Act 1997

Part 3--Consequential amendments

Income Tax Assessment Act 1936

Income Tax Assessment Act 1997

Taxation Administration Act 1953

Notes