Commonwealth Numbered Acts

TAXATION LAWS AMENDMENT ACT (NO. 5) 1992

TABLE OF PROVISIONS

           Long Title

   1.      Short title  
   2.      Commencement  
   3.      Principal Act  
   4.      Heading to Division 1 of Part IIIA  
   5.       
   6.      Re-location of subsection 51(7A) of the Principal Act (contributions to registered political parties)  
   7.      Gifts, pensions etc.  
   8.      Register of Cultural Organisations  
   9.       
   10.     Interpretation  
   11.     Uplifted provisional tax amount  
   12.     Additional tax where income under-estimated or where PAYE deductions over-estimated  
   13.     Application  
   14.     Income of certain persons serving with an armed force under the control of the United Nations  
   15.     Rebates for residents of isolated areas  
   16.     Rebates for members of Defence Force serving overseas  
   17.     Application  
   18.     Redemption of special bonds redeemable at a premium  
   19.     Deduction for loss on disposal or redemption of traditional securities  
   20.     Exemption of certain gains or losses  
   21.     Application  
   22.     Transitional - subsection 70B(5) of the amended Act  
   23.      
   24.     Application (Sections 32 and 32A of the amended Act)  
   25.      
   26.     Interpretation  
   27.      
   28.     Expenditure on research and development activities (Amendments to extend the 150% concession for an indefinite period)  
   29.     Recouped expenditure on research and development activities  
   30.      
   31.     Amendment of assessments  
   32.     Application (Subsection 73B(10))  
   33.      
   34.     Application  
   35.     Property installed on leased Crown land - lessee deemed to be owner etc.  
   36.     Application  
   37.     Interpretation  
   38.     Application  
   39.     Interpretation  
   40.     Application  
   41.      
   42.      
   43.     Keeping of records  
   44.     Application (Meaning of "amended Act")  
   45.     Transitional - elective roll-over relief where property disposed of after 6 December 1990 (Definitions)  
   46.     Depreciation roll-over relief for unpooled property where CGT roll-over relief allowed under section 160ZZM, 160ZZMA, 160ZZN, 160ZZNA or 160ZZO or where election for roll-over relief made under section 59AA  
   47.     Section 73A roll-over relief where CGT roll-over relief allowed under section 160ZZM, 160ZZMA, 160ZZN, 160ZZNA or 160ZZO  
   48.     Roll-over relief where CGT roll-over relief allowed under section 160ZZM, 160ZZMA, 160ZZN, 160ZZNA or 160ZZO or where election for roll-over relief made under section 122R  
   49.     Roll-over relief where CGT roll-over relief allowed under section 160ZZM, 160ZZMA, 160ZZN, 160ZZNA or 160ZZO or where election for roll-over relief made under section 122R  
   50.     Roll-over relief where CGT roll-over relief allowed under section 160ZZM, 160ZZMA, 160ZZN, 160ZZNA or 160ZZO or where election for roll-over relief made under section 123F  
   51.     Roll-over relief where CGT roll-over relief allowed under section 160ZZM, 160ZZMA, 160ZZN, 160ZZNA or 160ZZO or where election for roll-over relief made under section 123F  
   52.     Roll-over relief where CGT roll-over relief allowed under section 160ZZM, 160ZZMA, 160ZZN, 160ZZNA or 160ZZO or where election for roll-over relief made under section 124AO  
   53.     Roll-over relief where CGT roll-over relief allowed under section 160ZZM, 160ZZMA, 160ZZN, 160ZZNA or 160ZZO  
   54.     Roll-over relief where CGT roll-over relief allowed under section 160ZZM, 160ZZMA, 160ZZN, 160ZZNA or 160ZZO  
   55.     Roll-over relief where CGT roll-over relief allowed under section 160ZZM, 160ZZMA, 160ZZN, 160ZZNA or 160ZZO or where election for roll-over relief made under section 122W  
   56.     Application  
   57.     Transitional - elective capital deduction roll-over relief where CGT roll-over relief available under section 160ZZO of the Principal Act and property disposed of after 6 December 1990  
   58.     Keeping of records  
   59.     Interpretation  
   60.     Source of royalty income derived by a non-resident  
   61.     Interpretation  
   62.     Heading to Division 11A of Part III  
   63.     Interpretation  
   64.     Liability to withholding tax  
   65.     Repeal of Division 13A of Part III  
   66.     Interpretation  
   67.     Person making natural resource payment to non-resident to ascertain amount to be deducted in respect of tax  
   68.     Duties of payers  
   69.     Interpretation  
   70.     Deductions from dividends, interest and royalties  
   71.     Exemptions and variations  
   72.     Deductions to be forwarded to Commissioner etc.  
   73.     Liability of person who fails to make deductions etc.  
   74.     Interest or royalty not allowable deduction until payment made to Commissioner on account of tax  
   75.     Credits in respect of deductions made from dividends, interest or royalties  
   76.     Liability of trustee to pay deductions to Commissioner  
   77.     Persons discharged from liability in respect of deductions  
   78.     Person in receipt or control of money from non-resident  
   79.     Certain provisions to be disregarded in calculating attributable income  
   80.     Repeal of the Income Tax (Film Royalties) Act 1977  
   81.     Application  
   82.     Transitional-equipment royalties paid under pre-18 August 1992 contracts  
   83.     Distribution benefits-CFCs  
   84.     Primary production losses of pre-1990 years of income  
   85.     Credits in respect of foreign tax  
   86.     Application (Section 47A deemed dividends)  
   87.     Amendment of assessments  
   88.     Principal Act  
   89.     Withholding tax  
   90.     Application  
   91.     Principal Act  
   92.     Interpretation  
   93.     Functions of Board  
   94.     Duties of Chairperson  
   95.     Guidelines for policies and practices of Board  
   96.     Delegation by Board  
   97.     Committees  
   98.     Delegation by committee  
   99.     Interpretation  
   1OO.     
   101.     
   102.    Joint registration  
   103.    Internal review of decisions  
   104.    Review of decisions by Administrative Appeals Tribunal  
   105.    Statements to accompany notification of decisions  
   106.    Application (Definitions)  
   107.    Joint registration  
   108.    Application  
   109.    Interpretation  
   110.     
   111.    Review of decisions by Administrative Appeals Tribunal  
   112.    Statements to accompany notification of decisions  
   113.    Principal Act  
   114.    Transfer of entire entitlement to assessable receipts  
   115.    Defined terms  
   116.    Matters dealt with in this Part  
   117.    Matters dealt with in this Part  
   118.    Matters dealt with in this Part  
   119.    Rule - person must have held interests in relation to transferring entity and receiving project  
   120.    Rule - loss company and profit company to have held interests and been group companies  
   121.    Principal Act  
   122.     
   123.     
   124.    Court may order payment of amount in addition to penalty  
   125.    Prosecution of taxation offences  
   126.    Prosecution may be commenced at any time  
   127.    Principal Act  
   128.    Interpretation  
   129.    Principal Act  
   130.    First Schedule  
   131.    Principal Act  
   132.    Schedule 1  
   133.    Principal Act  
   134.    Schedule 1