Commonwealth Numbered Acts

FINANCIAL CORPORATIONS (TRANSFER OF ASSETS AND LIABILITIES) ACT 1993

TABLE OF PROVISIONS

           Long Title

   1.      Short title  
   2.      Commencement  
   3.      Interpretation  
   4.      Eligible money market corporation  
   5.      Transferring and receiving corporations  
   6.      Object of Act  
   7.      Application of Act  
   8.      Extension of Act to external Territories  
   9.      Transfer of asset etc. not to require consent etc. of third party  
   10.     Exemption from taxes etc.  
   11.     Compensation for acquisition of property  
   12.     Delegation  
   13.     Object of Part  
   14.     Part to be treated as if it were a provision of the income tax law  
   15.     Tax treatment of transferring corporation  
   16.     Liability transfers-general Tax treatment of transferring corporation  
   17.     Securities-adjustment of cost base Adjustment where security is transferred  
   18.     CGT-roll-over relief  
   19.     Tax Assessment Act 1936 are to be omitted.CGT-asset to be treated as a taxable Australian asset of the receiving corporation  
   20.     CGT-transfer of net capital loss from transferring corporation to receiving corporation  
   21.     Transfers of trading stock Trading stock on hand at beginning of year of income  
   22.     Deductions for bad debts Receiving corporation to inherit certain characteristics from transferring corporation  
   23.     Exemption from interest withholding tax  
   24.     Transfer of tax loss from transferring corporation to receiving corporation  
   25.     Transfer of tax loss-modification of "substantial continuity of ownership" test  
   26.     Deduction for tax loss-modification of "substantial continuity of ownership" test etc.  
   27.     Transfer of an interest in a partnership does not affect continuity of partnership