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Back to browse3 related documents
  • New Business Tax System (Consolidation, Value Shifting, Demergers and Other Measures) Act 2002 (90 of 2002)

  • Front Matter
  • 1 Short title
  • 2 Commencement
  • 3 Schedule(s)
  • 4 Amendment of income tax assessments
  • Schedule 1 Consolidation: membership rules
  • Income Tax Assessment Act 1997
  • 1 Subsection 703-20(2) (table item 4)
  • Schedule 2 Consolidation: miscellaneous changes to asset cost provisions
  • Income Tax Assessment Act 1997
  • 1 At the end of subsection 701-25(4)
  • 2 Subsection 701-35(4)
  • 3 At the end of subsection 701-35(4)
  • 4 Subsection 701-55(6)
  • 5 Paragraph 701-70(3)(a)
  • 6 Paragraphs 701-70(3)(c) and (d)
  • 7 Subsection 701-70(5)
  • 8 Paragraphs 701-70(5)(a) and (b)
  • 9 Subparagraph 701-70(7)(b)(ii)
  • 10 Paragraph 701-75(3)(a)
  • 11 Subsection 701-75(5)
  • 12 Paragraph 701-80(3)(a)
  • 13 Subsection 705-30(3)
  • 14 Paragraph 705-45(a)
  • 15 After paragraph 705-50(2)(a)
  • 16 Paragraph 705-50(3)(a)
  • 17 Paragraph 705-50(6)(a)
  • 18 Subsection 705-65(3)
  • 19 Subsection 705-65(3)
  • 20 After subsection 705-65(3)
  • 21 Subsection 705-65(4)
  • 22 Subsection 705-65(4)
  • 23 After subsection 705-65(5)
  • 24 Subsection 705-70(1) (note)
  • 25 After subsection 705-70(1)
  • 26 Subsection 705-75(3)
  • 27 At the end of section 705-75
  • 28 Section 705-90
  • 29 Subparagraph 705-95(b)(i)
  • 30 Subparagraph 705-95(b)(ii)
  • 31 Paragraph 705-100(1)(b)
  • 32 Subsection 705-100(2)
  • 33 Paragraph 705-110(2)(b)
  • 34 Subsection 705-115(1) (paragraph (b) of the definition of owned deductions )
  • 35 Subsection 705-115(1) (paragraph (b) of the definition of owned deductions )
  • 36 Paragraph 705-115(2)(c)
  • 37 Group heading before section 705-120
  • 38 Section 705-120
  • 39 Section 711-20 (table items 5 and 6)
  • 40 Subsection 711-20(1) (note)
  • 41 Subsection 711-35(1)
  • 42 Subsection 711-45(5)
  • 43 Section 711-50
  • 44 Section 711-60
  • Schedule 3 Consolidation: new Subdivision 705-B (tax cost setting amount on group formation)
  • Income Tax Assessment Act 1997
  • 1 Section 705-125
  • 2 After Subdivision 705-A
  • Schedule 4 Consolidation: reset cost base assets held on revenue account
  • Income Tax Assessment Act 1997
  • 1 Section 705-40
  • Schedule 5 Consolidation: imputation
  • Income Tax Assessment Act 1997
  • 1 Paragraph 709-60(3)(c)
  • 2 Subsection 709-70(2) (note)
  • 3 Subsection 709-75(2) (note)
  • Schedule 6 Consolidation: international tax
  • Income Tax Assessment Act 1997
  • 1 Section 711-70 (link note)
  • 2 After Division 711
  • Schedule 7 Consolidation: application and transitional asset cost provisions
  • Income Tax (Transitional Provisions) Act 1997
  • 1 Section 700-1
  • 2 After Division 700
  • Schedule 8 Consolidation: amendment of transitional provisions for losses
  • Income Tax (Transitional Provisions) Act 1997
  • 1 Paragraph 707-325(1)(a)
  • 2 Subsection 707-325(3) (heading)
  • 3 Subsection 707-325(3)
  • 4 At the end of subsection 707-325(3)
  • 5 Subsection 707-325(5) (heading)
  • 6 Subsection 707-325(5)
  • 7 Paragraph 707-327(1)(a)
  • 8 At the end of subsection 707-327(1)
  • 9 Paragraph 707-327(2)(b)
  • 10 Subsection 707-327(6) (note)
  • Schedule 9 Consolidation: transitional provisions for international tax
  • Income Tax (Transitional Provisions) Act 1997
  • 1 Section 707-405 (link note)
  • 2 At the end of Part 3-90
  • Schedule 10 Consolidation: consequential provisions for international tax
  • Income Tax Assessment Act 1936
  • 1 Section 160AFE
  • 2 Basic rule about application of section 160AFE
  • 3 Different application for members of certain groups
  • 4 Transitional provision for section 160AFE
  • 5 Modification of basic rule
  • 6 Consolidation day on or after 1 July 2002 and before 1 July 2003
  • 7 Consolidation day on or after 1 July 2003
  • 8 Applying old section 160AFE to part years
  • 9 Applying old section 160AFE to non membership periods
  • 10 Parts of income years not earlier income years
  • 11 Transitional provision for section 160AF
  • Schedule 11 Consolidation: amendment of transitional provision about limiting access to group concessions
  • New Business Tax System (Consolidation) Act (No. 1) 2002
  • 1 Subitem 39(9) of Schedule 3
  • Schedule 12 Consolidation: amendments of Dictionary
  • Income Tax Assessment Act 1997
  • 1 Subsection 995-1(1)
  • Schedule 13 Exempting entities and former exempting entities
  • Income Tax Assessment Act 1997
  • 1 Paragraph 204-30(3)(b)
  • 2 Subsection 204-30(4)
  • 3 Subsection 204-30(5)
  • 4 Paragraph 204-30(6)(d)
  • 5 At the end of subsection 204-30(8)
  • 6 At the end of section 204-30
  • 7 At the end of section 204-35
  • 8 After section 204-40
  • 9 Section 204-45
  • 10 Paragraph 204-50(2)(b)
  • 11 Subsection 204-50(3)
  • 12 Section 205-25
  • 13 At the end of section 205-25
  • 14 Section 207-75
  • 15 After Division 207
  • 16 After section 960-135
  • 17 Subsection 995-1(1)
  • 18 Subsection 995-1(1)
  • 19 Subsection 995-1(1) (definition of deficit)
  • 20 Subsection 995-1(1)
  • 21 Subsection 995-1(1)
  • 22 Subsection 995-1(1)
  • 23 Subsection 995-1(1)
  • 24 Subsection 995-1(1)
  • 25 Subsection 995-1(1)
  • 26 Subsection 995-1(1)
  • 27 Subsection 995-1(1)
  • 28 Subsection 995-1(1) (at the end of the definition of flows indirectly)
  • 29 Subsection 995-1(1)
  • 30 Subsection 995-1(1)
  • 31 Subsection 995-1(1)
  • 32 Subsection 995-1(1) (paragraphs (a), (b) and (c) of the definition of residency requirement )
  • 33 Subsection 995-1(1) (definition of share of a franking credit)
  • 34 Subsection 995-1(1) (definition of surplus )
  • Schedule 14 Loss integrity rules: global method of valuing assets
  • Part 1 Income Tax Assessment Act 1997
  • 1 Section 165-115
  • 2 At the end of subsection 165-115A(1B)
  • 3 Section 165-115E
  • 4 At the end of section 165-115E
  • 5 Subsection 165-115F(7)
  • 6 Section 165-115G
  • 7 After subsection 165-115R(6)
  • 8 After subsection 165-115S(6)
  • 9 At the end of section 165-115T
  • 10 Subsection 165-115U(1)
  • 11 After subsection 165-115U(1)
  • 12 Subsection 165-115V(8)
  • 13 After subsection 165-115W(1)
  • 14 At the end of subsection 165-115ZA(1)
  • 15 At the end of Subdivision 165-CD
  • Part 2 Income Tax (Transitional Provisions) Act 1997
  • 16 Before Subdivision 165-C
  • Part 3 Dictionary amendments
  • Income Tax Assessment Act 1997
  • 17 Subsection 995-1(1)
  • 18 Subsection 995-1(1)
  • Part 4 Application of amendments
  • 19 Application
  • Schedule 15 Value shifting
  • Part 1 New Divisions inserted in the Income Tax Assessment Act 1997
  • 1 After Part 3-90
  • Part 2 Amendment of the Income Tax (Transitional Provisions) Act 1997
  • 2 After Part 3-90
  • Part 3 Consequential amendment of the Income Tax Assessment Act 1997
  • Division 1 Amendments
  • 3 Section 104-5 (table row relating to event number G2)
  • 4 Section 104-5 (after table row relating to event number K7)
  • 5 Section 104-140
  • 6 After section 104-245
  • 7 Section 112-45 (table rows relating to event number G2)
  • 8 Section 112-45 (after table row relating to event number G3)
  • 9 Division 138
  • 10 Division 139
  • 11 Division 140
  • 12 At the end of section 170-270
  • Division 2 Saving and transitional provisions
  • 13 Saving for former Division 138
  • 14 Saving for former Division 139
  • 15 Saving for former provisions about direct value shifts
  • Part 4 Consequential amendment of the Income Tax Assessment Act 1936
  • 16 Paragraph 245-85(1)(b) in Schedule 2C
  • 17 At the end of subsection 245-85(1) in Schedule 2C
  • 18 Section 245-250 in Schedule 2C
  • Part 5 Dictionary amendments
  • Income Tax Assessment Act 1997
  • 19 After Division 975
  • 20 Subsection 995-1(1)
  • 21 Subsection 995-1(1)
  • 22 Subsection 995-1(1) (definition of adjustable value)
  • 23 Subsection 995-1(1)
  • 24 Subsection 995-1(1)
  • 25 Subsection 995-1(1)
  • 26 Subsection 995-1(1) (definition of associate-inclusive control interest )
  • 27 Subsection 995-1(1)
  • 28 Subsection 995-1(1)
  • 29 Subsection 995-1(1)
  • 30 Subsection 995-1(1) (definition of decreased value shares )
  • 31 Subsection 995-1(1)
  • 32 Subsection 995-1(1)
  • 33 Subsection 995-1(1)
  • 34 Subsection 995-1(1)
  • 35 Subsection 995-1(1)
  • 36 Subsection 995-1(1) (definition of discount )
  • 37 Subsection 995-1(1)
  • 38 Subsection 995-1(1)
  • 39 Subsection 995-1(1) (definition of fixed entitlement )
  • 40 Subsection 995-1(1) (definition of fixed trust )
  • 41 Subsection 995-1(1)
  • 42 Subsection 995-1(1)
  • 43 Subsection 995-1(1)
  • 44 Subsection 995-1(1)
  • 45 Subsection 995-1(1) (definition of increased value shares )
  • 46 Subsection 995-1(1) (definition of indexed common ownership market value )
  • 47 Subsection 995-1(1)
  • 48 Subsection 995-1(1)
  • 49 Subsection 995-1(1)
  • 50 Subsection 995-1(1)
  • 51 Subsection 995-1(1) (definition of indirectly )
  • 52 Subsection 995-1(1)
  • 53 Subsection 995-1(1)
  • 54 Subsection 995-1(1)
  • 55 Subsection 995-1(1)
  • 56 Subsection 995-1(1)
  • 57 Subsection 995-1(1)
  • 58 Subsection 995-1(1) (at the end of the definition of market value )
  • 59 Subsection 995-1(1) (definition of material decrease )
  • 60 Subsection 995-1(1) (definition of material increase )
  • 61 Subsection 995-1(1)
  • 62 Subsection 995-1(1)
  • 63 Subsection 995-1(1)
  • 64 Subsection 995-1(1)
  • 65 Subsection 995-1(1)
  • 66 Subsection 995-1(1)
  • 67 Subsection 995-1(1)
  • 68 Subsection 995-1(1)
  • 69 Subsection 995-1(1)
  • 70 Subsection 995-1(1)
  • 71 Subsection 995-1(1)
  • 72 Subsection 995-1(1)
  • 73 Subsection 995-1(1) (definition of provide )
  • 74 Subsection 995-1(1) (definition of residual value )
  • 75 Subsection 995-1(1)
  • 76 Subsection 995-1(1)
  • 77 Subsection 995-1(1)
  • 78 Subsection 995-1(1)
  • 79 Subsection 995-1(1)
  • 80 Subsection 995-1(1)
  • 81 Subsection 995-1(1)
  • 82 Subsection 995-1(1)
  • 83 Subsection 995-1(1) (definition of share value shift )
  • 84 Subsection 995-1(1)
  • 85 Subsection 995-1(1) (definition of total share value increase )
  • 86 Subsection 995-1(1)
  • 87 Subsection 995-1(1)
  • 88 Subsection 995-1(1) (definition of under common ownership )
  • 89 Subsection 995-1(1)
  • Schedule 16 Demerger relief
  • Part 1 CGT relief
  • Income Tax Assessment Act 1997
  • 1 After Division 124
  • Part 2 Dividend relief
  • Income Tax Assessment Act 1936
  • 2 Subsection 6(1)
  • 3 Subsection 6(1)
  • 3A Subsection 6(1)
  • 4 Subsection 6(1)
  • 5 Subsection 6(1)
  • 6 Subsection 6(1)
  • 7 Subsection 6(1)
  • 8 Subsection 6(1)
  • 9 Subsection 6(1)
  • 10 At the end of section 44
  • 11 Section 45B
  • 12 Section 45C (heading)
  • 13 Subsection 45C(4)
  • 14 Paragraphs 45C(4)(a) and (b)
  • 15 Paragraphs 45C(4)(a) and (b)
  • 16 Subsection 45D(1)
  • 17 Section 109B
  • 18 After Subdivision D of Division 7A of Part III
  • 19 Subsection 128B(1)
  • 20 After subsection 128B(3C)
  • Part 3 Consequential amendments
  • Income Tax Assessment Act 1997
  • 21 At the end of section 102-20
  • 22 At the end of subsection 104-10(5)
  • 23 At the end of subsection 104-25(5)
  • 24 At the end of subsection 104-70(6)
  • 25 At the end of subsection 104-135(4)
  • 26 At the end of subsection 104-155(5)
  • 27 At the end of subsection 104-175(7)
  • 28 At the end of section 104-230
  • 29 After section 112-53
  • 30 Subsection 112-105(3)
  • 31 At the end of section 112-110
  • 32 Section 112-115 (before table item 15)
  • 33 Section 112-140
  • 34 Section 112-145 (note)
  • 35 At the end of section 112-145
  • 36 Subsection 122-70(2) (note)
  • 37 At the end of subsection 122-70(2)
  • 38 Subsection 122-200(1) (note)
  • 39 At the end of subsection 122-200(1)
  • 40 At the end of subsection 124-10(3)
  • 41 At the end of section 126-15
  • 42 Subsection 126-60(2) (note)
  • 43 At the end of subsection 126-60(2)
  • 43A At the end of section 202-45
  • 43B At the end of section 975-150
  • 44 Subsection 995-1(1)
  • 45 Subsection 995-1(1)
  • 46 Subsection 995-1(1)
  • 47 Subsection 995-1(1)
  • 48 Subsection 995-1(1)
  • 49 Subsection 995-1(1)
  • 50 Subsection 995-1(1)
  • 51 Subsection 995-1(1)
  • 52 Subsection 995-1(1)
  • 53 Subsection 995-1(1) (definition of ownership interest )
  • Part 4 Transitional
  • 54 Transitional
  • Part 5 Application
  • 55 Application

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