Commonwealth Consolidated Acts

TAX LAWS AMENDMENT (SMALL BUSINESS) ACT 2007 - NOTES

Act No. 80 of 2007 as amended

This compilation was prepared on 4 March 2010

[This Act was amended by Act No. 8 of 2010]

Amendments from Act No. 8 of 2010

[Schedule 2 (item 30) amended item 52 of Schedule 3
Schedule 2 (item 31) amended item 55 of Schedule 3

Schedule 2 (items 30 and 31) commenced immediately after 21 June 2007]

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

Contents

1 Short title

2 Commencement

3 Schedule(s)

Schedule 1--Small business entities

Income Tax Assessment Act 1997

Schedule 2--Amendments relating to GST turnover thresholds

Part 1--Main amendments

A New Tax System (Goods and Services Tax) Act 1999

Part 2--Consequential amendments

Income Tax Assessment Act 1997

Taxation Administration Act 1953

Part 3--Application and transitional

Schedule 3--STS taxpayers

Part 1--Main amendments

Income Tax Assessment Act 1997

Part 2--Consequential amendments

Income Tax Assessment Act 1936

Income Tax Assessment Act 1997

Part 3--Application and transitional

Income Tax (Transitional Provisions) Act 1997

Schedule 4--Capital gains tax small business concessions

Part 1--Main amendments

Income Tax Assessment Act 1997

Part 2--Consequential amendments

A New Tax System (Wine Equalisation Tax) Act 1999

Income Tax Assessment Act 1997

Part 3--Application

Schedule 5--Fringe benefits tax: car parking exemption

Fringe Benefits Tax Assessment Act 1986

Schedule 6--PAYG instalments

Taxation Administration Act 1953

Schedule 7--Roll-over relief

Income Tax Assessment Act 1997

Schedule 8--Miscellaneous amendments

Income Tax Assessment Act 1936

Income Tax Assessment Act 1997

Income Tax (Transitional Provisions) Act 1997

[Assented to 21 June 2007]

The Parliament of Australia enacts: