Tax Laws Amendment (2006 Measures No. 2) Act 2006 (58 of 2006)

Schedule 7   Technical corrections and improvements

Part 3   Amendments relating to asterisking

Division 3   Asterisking of "market value"

Income Tax Assessment Act 1997
215   Asterisking of "market value"

The provisions of the Income Tax Assessment Act 1997 listed in the table are amended as set out in the table.

Asterisking amendments

Item

Provision

Omit:

Substitute:

1

Subsection 30-15(2) (table items 1 and 2, column headed " How much you can deduct ")

market value (first occurring)

*market value

2

Subsection 30-15(2) (table item 7, column headed " Type of gift or contribution ")

market value

*market value

3

Subsection 30-215(3) (table item 4)

market value (first occurring)

*market value

4

Subsections 35-40(2) and (3)

market value

*market value

5

Section 35-50

market value

*market value

6

Subsection 40-350(2)

market value

*market value

7

Subparagraph 45-5(1)(e)(iii)

market value

*market value

8

Paragraph 45-5(4)(c)

market value

*market value

9

Subparagraph 45-10(1)(f)(iii)

market value

*market value

10

Paragraph 45-10(4)(c)

market value

*market value

11

Subsection 45-15(1)

market value (first occurring)

*market value

12

Subsection 45-20(1)

market value (first occurring)

*market value

13

Section 51-5 (table item 1.1)

market value

*market value

14

Subsection 70-70(2)

market value (first occurring)

*market value

15

Subsection 70-90(1A)

market value

*market value

16

Paragraph 70-120(2)(c)

market value

*market value

17

Paragraph 86-75(2)(a)

market value

*market value

18

Paragraphs 87-25(1)(b) and (2)(b)

market value

*market value

19

Subsection 104-190(5)

market values

*market values

20

Paragraph 104-220(1)(b)

market value

*market value

21

Subsection 104-225(6)

*market value

market value

22

Subsection104-225(6)

market value (first occurring)

*market value

23

Subsection 104-230(6)

market value

*market value

24

Subparagraph 104-530(3)(b)(ii)

market value

*market value

25

Paragraph 110-25(2)(b)

market value

*market value

26

Subsection 112-20(2)

market value (first occurring)

*market value

27

Paragraphs 115-45(6)(b) and (7)(b)

market value

*market value

28

Subparagraph 115-290(4)(c)(i)

market value

*market value

29

Subsection 116-20(2) (table item F2)

market value (first occurring)

*market value

30

Subsection 116-80(2)

market value (first occurring)

*market value

31

Subsections 118-60(3) and (4)

market value

*market value

32

Subsection 118-192(2)

market value

*market value

33

Subsection 122-20(3)

market value (first occurring)

*market value

34

Paragraph 122-20(3)(a)

*market value

market value

35

Subsection 122-20(4)

market value

*market value

36

Subsection 122-130(3)

market value (first occurring)

*market value

37

Paragraph 122-130(3)(a)

*market value

market value

38

Subsection 122-130(4)

market value

*market value

39

Subsection 122-140(2) (table item 3)

market values (first occurring)

*market values

40

Paragraph 124-240(d)

market value (first occurring)

*market value

41

Paragraph 124-245(d)

market value (first occurring)

*market value

42

Subsection 124-295(6)

market value (first occurring)

*market value

43

Subsection 124-300(6)

market value (first occurring)

*market value

44

Subsection 124-365(3)

market value (first occurring)

*market value

45

Subsection 124-375(3)

market value (first occurring)

*market value

46

Paragraph 124-380(3)(b)

market value (first occurring)

*market value

47

Subsection 124-450(3)

market value (first occurring)

*market value

48

Subsection 124-460(3)

market value (first occurring)

*market value

49

Paragraph 124-465(3)(b)

market value (first occurring)

*market value

50

Paragraph 124-780(5)(a)

market value (first occurring)

*market value

51

Paragraph 124-781(4)(a)

market value (first occurring)

*market value

52

Paragraph 124-782(3)(b)

market values

*market values

53

Subsection 124-782(4)

market value

*market value

54

Paragraph 124-784(2)(b)

market value

*market value

55

Subsection 124-784(3)

market value

*market value

56

Subsection 124-800(1)

market value

*market value

57

Paragraph 124-860(7)(b)

market value

*market value

58

Subsection 128-15(4) (table item 3)

market value (first occurring)

*market value

59

Subsection 128-15(4) (table item 4)

*market value (last occurring)

market value

60

Subsection 130-20(3) (table item 2)

market value

*market value

61

Subsections 130-80(2) and (3)

market value

*market value

62

Subsection 152-20(1)

market values

*market values

63

Subparagraph 152-40(3)(b)(i)

market values

*market values

64

Subparagraph 152-40(4)(e)(i)

market value

*market value

65

Subsection 152-310(3)

market value

*market value

66

Subsection 152-325(4)

market value

*market value

67

Subsections 164-15(1), (2) and (4) (definition of amount received)

market value

*market value

68

Subparagraph 164-20(1)(b)(i)

market value

*market value

69

Subsections 165-115AA(2) and (3)

market value

*market value

70

Paragraph 165-115A(1D)(b)

market value

*market value

71

Subsection 165-115E(2) (method statement, step 1)

market value

*market value

72

Paragraph 165-115E(3)(b)

market value

*market value

73

Subsection 165-115F(2)

market value

*market value

74

Paragraph 165-115F(4)(a)

market value

*market value

75

Subsections 165-115GC(5), (6) and (7)

market value

*market value

76

Subsection 165-115U(1B) (method statement, step 1)

market value

*market value

77

Paragraph 165-115U(1C)(b)

market value

*market value

78

Subsections 165-115V(3) and (6)

market value

*market value

79

Paragraph 165-115V(7)(c)

market value

*market value

80

Subsection 165-115W(1) (method statement, steps 1 and 2)

market value (first occurring)

*market value

81

Paragraphs 165-115ZA(5)(b) and (9)(b)

market value

*market value

82

Paragraph 165-115ZA(10)(d)

market value (first occurring)

*market value

83

Paragraph 165-115ZB(6)(e)

market values

*market values

84

Subsection 165-115ZB(7)

market value (first occurring)

*market value

85

Subsection 165-115ZD(5) (table item 6)

market value (first occurring)

*market value

86

Subsection 170-205(4)

market value (first occurring)

*market value

87

Paragraph 170-210(3)(c)

market value

*market value

88

Subsection 170-210(3A)

market value (first occurring)

*market value

89

Subsection 170-215(4)

market value (first occurring)

*market value

90

Subsection 170-215(6)

market value

*market value

91

Paragraph 170-220(3)(c)

market value

*market value

92

Subsection 170-220(3A)

market value (first occurring)

*market value

93

Subsection 170-225(4)

market value (first occurring)

*market value

94

Subsection 170-225(6)

market value

*market value

95

Subparagraph 207-128(3)(c)(ii)

market value

*market value

96

Subsection 240-90(3)

market value

*market value

97

Subsection 705-147(2) (formula)

Market value (wherever occurring)

*Market value

98

Subsection 705-147(2) (definition of market value of first level entity's direct and indirect membership interests in subject entity)

market value (last occurring)

*market value

99

Subsection 705-150(4) (formula)

Market value (wherever occurring)

*Market value

100

Subsection 705-160(5) (formula)

Market value (first occurring)

*Market value

101

Subsection 705-227(2) (formula)

Market value (wherever occurring)

*Market value

102

Subsection 705-227(2) (definition of market value of first level entity's direct and indirect membership interests in subject entity)

market value (last occurring)

*market value

103

Subsection 705-235(5) (formula)

Market value (first occurring)

*Market value

104

Subsection 707-305(5)

market value (first occurring)

*market value

105

Subsection 707-320(1) (definition of transferee's adjusted market value at the initial transfer time)

market value

*market value

106

Subsection 707-320(2) (formula in table item 1)

Market value (wherever occurring)

*Market value

107

Subsection 707-320(2) (table item 4)

market value (first occurring)

*market value

108

Subsection 707-320(2) (formula in table item 4)

Market value (wherever occurring)

*Market value

109

Subsection 707-325(1)

market value (second occurring)

*market value

110

Paragraph 707-325(3)(b)

market value

*market value

111

Subsection 707-330(2)

market value (second occurring)

*market value

112

Subsection 719-310(2) (formula)

Market value (wherever occurring)

*Market value

113

Subsection 719-570(1) (formula)

Market value (wherever occurring)

*Market value

114

Subsection 719-570(1) (definition of market value of the reset interest)

market value (last occurring)

*market value

115

Paragraph 723-10(1)(d)

market value

*market value

116

Subparagraph 723-15(1)(c)(i)

market value (first occurring)

*market value

117

Subsection 723-25(2) (formula)

Market value (wherever occurring)

*Market value

118

Subsection 723-25(3) (definition of market value of part)

market value (last occurring)

*market value

119

Subsection 723-25(3) (definition of market value of underlying asset)

market value (last occurring)

*market value

120

Paragraph 725-45(2)(a)

market value

*market value

121

Paragraph 725-65(1)(e)

market value

*market value

122

Subsection 725-70(1)

market value

*market value

123

Paragraph 725-145(1)(a)

market value

*market value

124

Subsection 725-145(3)

market value

*market value

125

Subsections 725-150(1) and (2)

market value

*market value

126

Subsections 725-155(1) and (2)

market value

*market value

127

Paragraph 725-160(2)(a)

market value

*market value

128

Section 725-165

market value

*market value

129

Subsections 725-210(2) and (3)

market value

*market value

130

Subsections 725-220(1) and (2)

market value (first occurring)

*market value

131

Paragraph 725-230(1)(a)

market value (first occurring)

*market value

132

Subsection 725-240(5)

market value

*market value

133

Subsection 725-310(4)

market value

*market value

134

Subsection 725-320(4)

market value

*market value

135

Subsection 725-325(2)

market value

*market value

136

Section 725-365 (method statement, step 1)

market value (first occurring)

*market value

137

Section 725-370 (method statement, step 1)

market value (first occurring)

*market value

138

Section 725-375 (method statement, step 1)

market value (first occurring)

*market value

139

Section 725-375 (method statement, step 2, definition of sum of the group increases or discounts)

market value

*market value

140

Section 725-375 (method statement, step 2, definition of total value of the direct value shift)

market value (first occurring)

*market value

141

Section 725-380 (method statement, step 1, paragraph (b))

market value

*market value

142

Subsection 727-150(3)

market value (first occurring)

*market value

143

Subsection 727-150(4)

market value

*market value

144

Paragraph 727-155(1)(a)

market value

*market value

145

Paragraph 727-165(2)(a)

market value

*market value

146

Subsection 727-220(3)

market value (first occurring)

*market value

147

Paragraph 727-230(a)

market value

*market value

148

Paragraph 727-235(1)(a)

market value

*market value

149

Subsection 727-260(2)

market value

*market value

150

Subsection 727-315(1)

market value (first occurring)

*market value

151

Paragraph 727-315(2)(b)

market values

*market values

152

Paragraph 727-615(a)

market value

*market value

153

Paragraph 727-620(a)

market value

*market value

154

Subsection 727-700(2)

market value

*market value

155

Subsection 727-710(2)

market values

*market values

156

Subsection 727-710(3)

market value

*market value

157

Subsection 727-715(2)

market values

*market values

158

Subsection 727-715(3)

market value (first occurring)

*market value

159

Subsection 727-720(2)

market values

*market values

160

Subsection 727-720(3)

market value

*market value

161

Subsection 727-770(2)

market value

*market value

162

Subsection 727-775(1)

market value

*market value

163

Subsections 727-775(2), (3), (4) and (5)

market value (first occurring)

*market value

164

Subsection 727-780(2)

market value (first occurring)

*market value

165

Subsections 727-800(2) and (5)

market value

*market value

166

Subsection 727-805(1)

market value

*market value

167

Subsection 727-805(2)

market value (first occurring)

*market value

168

Subsection 727-805(3)

market value (second occurring)

*market value

169

Subsection 727-810(2) (paragraph (a) of the definition of total disaggregated attributable decreases)

market values

*market values

170

Subsection 727-830(3)

market value

*market value

171

Subsection 727-835(4)

market value

*market value

172

Paragraph 727-835(5)(b)

market value

*market value

173

Subsection 727-840(4)

market value

*market value

174

Paragraph 727-840(5)(b)

market value

*market value

175

Subsection 727-850(1)

market value

*market value

176

Subsection 727-855(1)

market value (first occurring)

*market value

177

Subsections 727-855(2) and (3)

market value

*market value

178

Subsections 727-910(1) and (2)

market value

*market value

179

Paragraph 727-910(5)(a)

market value

*market value

180

Subsection 995-1(1) (definition of disaggregated attributable decrease)

market value

*market value

181

Subsection 995-1(1) (definition of disaggregated attributable increase)

market value

*market value