Legal database - View: First Home Saver Accounts (Consequential Amendments) Act 2008 (45 of 2008)

First Home Saver Accounts (Consequential Amendments) Act 2008 (45 of 2008)
Front Matter
1 Short title
2 Commencement
3 Schedule(s)
Schedule 1 Main taxation related amendments
Income Tax Act 1986
1 After subsection 5(2A)
Income Tax Assessment Act 1936
2 Subsection 6(1) (at the end of the definition of assessment )
3 Subsection 6(1)
4 After section 95
5 After paragraph 124ZM(3)(d)
6 After paragraph 202(ka)
7 At the end of section 272-100 of Schedule 2F
Income Tax Assessment Act 1997
8 Section 9-1 (after table item 8)
9 Section 11-55 (after table item headed "firearms surrender arrangements")
10 Subparagraph 115-100(a)(ii)
11 After subparagraph 115-100(b)(i)
12 After subparagraph 115-280(1)(a)(i)
13 Paragraph 115-280(2)(a)
14 Paragraph 115-280(2)(b)
15 Paragraph 115-280(5)(a)
16 Paragraph 115-280(5)(b)
17 After paragraph 166-245(2)(b)
18 After paragraph 166-245(3)(b)
19 Paragraph 207-15(2)(a)
20 Paragraph 207-35(1)(c)
21 After paragraph 207-45(c)
22 At the end of section 290-5
23 Subsection 295-10(2)
24 After section 295-170
25 Subsection 295-555(1)
26 Subsections 295-555(3) and (4)
27 Section 320-1
28 Section 320-1
29 Paragraph 320-80(2)(b)
30 After paragraph 320-85(2)(b)
31 After Division 328
32 Subsection 995-1(1) (paragraph (a) of the definition of contract of reinsurance )
33 Subsection 995-1(1) (definition of excluded virtual PST life insurance policy )
34 Subsection 995-1(1)
35 Subsection 995-1(1)
36 Subsection 995-1(1)
37 Subsection 995-1(1)
38 Subsection 995-1(1)
39 Subsection 995-1(1)
40 Subsection 995-1(1)
41 Subsection 995-1(1)
42 Subsection 995-1(1)
43 Subsection 995-1(1)
44 Subsection 995-1(1) (definition of standard component )
Income Tax Rates Act 1986
45 Subsection 3(1)
46 Subsection 3(1)
47 Subsection 3(1)
48 Subsection 3(1)
49 After paragraph 23(2)(b)
50 After paragraph 23(3)(a)
51 After subsection 23(3)
52 At the end of Part III
Taxation Administration Act 1953
53 Subsection 8AAB(5) (after table item 1AA)
54 Subsection 8AAB(5) (after table item 2B)
55 Paragraph 8WA(1AA)(b)
56 Paragraph 8WB(1A)(a)
57 Paragraph 8WB(1A)(b)
58 After paragraph 45-120(2)(c) in Schedule 1
59 At the end of subsection 45-290(2) in Schedule 1
60 At the end of subsection 45-330(2) in Schedule 1
61 At the end of subsection 45-370(2) in Schedule 1
62 Subsection 250-10(2) in Schedule 1 (after item 24C of the table)
63 Subsection 250-10(2) in Schedule 1 (after table item 38B)
64 After subsection 286-75(2A) in Schedule 1
65 Paragraph 286-80(2)(a) in Schedule 1
66 After Division 390 of Part 5-25 of Schedule 1
Schedule 2 Amendments relating to the Corporations Act
Australian Securities and Investments Commission Act 2001
1 At the end of subsection 12A(1)
2 After paragraph 12BAA(7)(g)
Corporations Act 2001
3 Section 9
4 Section 9 (after paragraph (h) of the definition of managed investment scheme )
5 Section 761A (after paragraph (d) of the definition of basic deposit product )
6 Section 761A
7 Subsection 761E(3) (after item 2 of the table)
8 After paragraph 761E(3A)(b)
9 After paragraph 764A(1)(h)
10 After paragraph 766E(3)(ca)
11 After subsection 946AA(1)
12 Subsection 1016A(1) (after paragraph (d) of the definition of relevant financial product )
13 After subparagraph 1017D(1)(b)(iii)
14 After subparagraph 1019A(1)(a)(iii)
Schedule 3 Other consequential amendments
Anti-Money Laundering and Counter-Terrorism Financing Act 2006
1 Section 5 (definition of contribution )
2 Section 5
3 Section 5
4 Subsection 6(2) (after table item 43)
Australian Prudential Regulation Authority Act 1998
5 Subsection 3(1) (after paragraph (f) of the definition of prudential regulation framework law )
6 At the end of subsection 3(2)
7 Subsection 3(2) (note)
8 Subsection 56(1) (at the end of the definition of protected document )
9 Subsection 56(1) (at the end of the definition of protected information )
Banking Act 1959
10 Paragraph 11CA(1)(a)
11 Paragraph 11CA(1)(c)
12 Paragraph 11CA(2)(aa)
13 At the end of section 18A
14 Section 51A (definition of reviewable decision of APRA )
15 At the end of section 62A
Life Insurance Act 1995
16 Subparagraph 14(2)(a)(ii)
17 At the end of paragraph 14(2)(a)
18 Subparagraph 14(4)(b)(ii)
19 At the end of paragraph 14(4)(b)
20 Section 74
21 At the end of section 74
22 Section 126
23 At the end of section 126
24 At the end of section 230A
25 At the end of section 230B
26 Subsection 236(1) (definition of reviewable decision )
27 After subsection 236(1)
Social Security Act 1991
28 After paragraph 8(8)(b)
29 Subsection 9(1) (at the end of the definition of financial investment )
30 Subsection 9(1) (at the end of the definition of investment )
31 Subsection 9(1) (at the end of the definition of return )
32 After paragraph 9(1C)(ca)
33 After subsection 9(9A)
34 Subsection 10B(2) (after paragraph (c) of the definition of trust )
35 After paragraph 1118(1)(f)
36 At the end of subsection 1207P(1)
Superannuation (Government Co-contribution for Low Income Earners) Act 2003
37 At the end of paragraph 7(1)(c)
Superannuation Industry (Supervision) Act 1993
38 At the end of subsection 29G(2)
Veterans' Entitlements Act 1986
39 After paragraph 5H(8)(i)
40 Subsection 5J(1) (at the end of the definition of financial investment )
41 Subsection 5J(1) (at the end of the definition of investment )
42 Subsection 5J(1) (after paragraph (a) of the definition of return )
43 After paragraph 5J(1C)(ca)
44 After subsection 5J(6A)
45 After paragraph 52(1)(f)
46 At the end of subsection 52ZZB(1)
Schedule 4 Amendments to change references to virtual PST assets etc.
Amendment of Acts
1 Amendment of Acts
Income Tax Assessment Act 1936
2 Subparagraph 26AH(7)(ba)(i)
3 Section 102M (paragraph (b) of the definition of eligible policy )
4 Paragraph 519A(a)
5 Subsection 519B(1)
6 Subparagraph 519B(3)(b)(i)
7 Subparagraph 519B(4)(b)(i)
Income Tax Assessment Act 1997
8 Paragraph 102-3(2)(d)
9 Subsection 110-36(3)
10 Subsection 114-5(3)
11 Paragraph 115-10(d)
12 Subparagraph 115-100(b)(ii)
13 Subparagraph 115-280(1)(a)(ii)
14 Subsection 118-300(1) (table item 6)
15 Paragraph 118-350(2)(b)
16 Paragraph 295-100(2)(a)
17 Paragraph 320-35(a)
18 Section 320-45
19 Subsection 320-55(1)
20 Paragraph 320-55(2)(a)
21 Section 320-65
22 Paragraph 320-120(1)(a)
23 Subsections 320-125(1), (2) and (3) (wherever occurring)
24 Paragraph 320-137(2)(a) (wherever occurring)
25 Paragraph 320-137(4)(b) (wherever occurring)
26 Subparagraphs 320-137(4)(e)(ii) and (iii)
27 Subparagraphs 320-141(1)(c)(i) and (ii)
28 Subparagraphs 320-143(1)(c)(i) and (ii)
29 Subparagraphs 320-143(2)(a)(i) and (ii)
30 Subsections 320-170(1), (1A) and (2)
31 Paragraph 320-170(3)(a)
32 Subsection 320-170(5)
33 Paragraphs 320-175(1)(a) and (b)
34 Subsection 320-180(1) (first occurring)
35 Paragraph 320-180(1)(a)
36 Paragraph 320-180(2)(a)
37 Subsection 320-180(3) (first occurring)
38 Paragraph 320-180(3)(a)
39 Paragraph 320-180(4)(a)
40 Subsection 320-185(1) (first occurring)
41 Paragraph 320-185(1)(a)
42 Subsection 320-185(3) (last occurring)
43 Subsection 320-190(1) (wherever occurring)
44 Paragraphs 320-195(3)(a), (b) and (c) (wherever occurring)
45 Paragraphs 320-195(4)(b) and (c) (wherever occurring)
46 Subsection 320-315(1) (wherever occurring)
47 Paragraph 320-320(2)(a)
48 Subparagraph 713-510(1)(a)(i)
49 Paragraph 713-510(1)(b)
50 Subparagraph 713-510(2)(a)(i)
51 Paragraph 713-510(2)(b)
52 Paragraph 713-515(1)(a)
53 Subsection 713-515(4)
54 Subsections 713-520(2) and (6)
55 Section 713-525 (note) (wherever occurring)
56 Subparagraph 713-530(1)(b)(ii)
57 Paragraphs 713-535(1)(c) and (2)(b)
58 Paragraph 713-545(5)(b)
59 Subparagraph 713-570(1)(c)(ii)
60 Paragraph 713-575(2)(a)
61 Subsections 713-580(3) and (7)
62 Section 713-585 (note) (wherever occurring)
63 Subsection 995-1(1) (paragraph (a) of the definition of ordinary investment policy )
Taxation Administration Act 1953
64 Paragraph 288-70(2)(a) in Schedule 1
Schedule 5 Amendments to change references to virtual PST
Amendment of Act
1 Amendment of Act
Income Tax Assessment Act 1997
2 Section 109-60 (table item 11)
3 Section 112-97 (table item 21)
4 Paragraphs 320-15(1)(da), (db) and (e) (wherever occurring)
5 Subsections 320-87(1) and (2)
6 Paragraphs 320-87(3)(a) and (b)
7 Paragraphs 320-137(2)(b) and (c)
8 Paragraph 320-170(7)(a)
9 Subparagraph 320-170(7)(a)(ii)
10 Paragraph 320-170(7)(b)
11 Subsection 320-175(1)
12 Paragraph 320-175(2)(a)
13 Subsection 320-180(1) (last occurring)
14 Subsection 320-180(3) (last occurring)
15 Subsection 320-185(1) (last occurring)
16 Subsection 320-185(2)
17 Subsection 320-185(3) (first occurring)
18 Subsection 320-185(4)
19 Subsections 320-195(1) and (2)
20 Subparagraph 320-195(3)(b)(ii)
21 Subsection 320-195(3) (last occurring)
22 Paragraph 320-195(4)(a)
23 Subsection 320-195(4) (last occurring)
24 Paragraphs 320-200(1)(a) and (b)
25 Subsection 320-200(3)
26 Paragraph 713-570(1)(b)
Schedule 6 Amendments to change references to complying superannuation class
Amendment of Acts
1 Amendment of Acts
Income Tax Assessment Act 1997
2 Subsection 4-15(2) (note)
3 Section 320-1
4 Subparagraph 320-5(2)(c)(i)
5 Paragraph 320-35(b)
6 Subsection 320-125(3) (note)
7 Section 320-130
8 Paragraphs 320-131(1)(a) and (b)
9 Subsection 320-133(2)
10 Paragraph 320-137(1)(c)
11 Paragraph 320-149(1)(b)
12 Subsection 320-149(2) (examples 1 and 2)
13 Subparagraph 713-530(1)(b)(i)
14 Paragraph 713-535(2)(a)
15 Subparagraph 713-570(1)(c)(i)
16 Subsection 995-1(1) (paragraph (a) of the definition of tax loss ) (note 3)
Income Tax Rates Act 1986
17 Paragraph 23A(b)
Taxation Administration Act 1953
18 Paragraph 45-120(2A)(b) in Schedule 1
19 Subsection 45-290(3) in Schedule 1
20 Subsection 45-330(3) in Schedule 1 (method statement, steps 4, 5 and 6) (wherever occurring)
21 Subsection 45-370(3) in Schedule 1 (method statement, step 2)
Schedule 7 Other amendments relating to changes of references to virtual PST etc.
Income Tax Assessment Act 1936
1 Subsection 124ZM(6) (definition of complying superannuation class of taxable income )
2 Subsection 124ZM(6) (before the definition of venture capital franked part )
3 Section 470 (definition of virtual PST asset )
4 Section 470
5 Division 11A of Part XI (heading)
Income Tax Assessment Act 1997
6 Subsection 210-175(2) (definition of complying superannuation class of taxable income )
7 Subsection 210-175(2) (before the definition of tax offset to which the entity would otherwise be entitled )
8 Section 320-45 (heading)
9 Section 320-55 (heading)
10 Section 320-87 (heading)
11 Paragraph 320-107(1)(b)
12 Subsection 320-107(3) (formula)
13 Subsection 320-107(3) (definition of complying superannuation class rate )
14 Subsection 320-107(3)
15 Section 320-120 (heading)
16 Section 320-125 (heading)
17 Section 320-137 (heading)
18 Subsection 320-137(1)
19 Section 320-141 (heading)
20 Subsection 320-141(1) (heading)
21 Subsection 320-141(1)
22 Subsection 320-141(2) (heading)
23 Subsection 320-141(2)
24 Subdivision 320-F (heading)
25 Section 320-165
26 Section 320-170 (heading)
27 Subsection 320-170(1) (note)
28 Subsection 320-170(6)
29 Section 320-175 (heading)
30 Subsection 320-180(1) (heading)
31 Subsection 320-180(3) (heading)
32 Section 320-185 (heading)
33 Section 320-190 (heading)
34 Subsection 320-190(2)
35 Section 320-195 (heading)
36 Section 320-200 (heading)
37 Section 320-315 (heading)
38 Section 713-535 (heading)
39 Subsection 713-545(6) (formula)
40 Subsection 713-545(6) (definition of complying superannuation class tax rate )
41 Subsection 713-545(6) (before the definition of ordinary class tax rate )
42 Subsection 995-1(1)
43 Subsection 995-1(1)
44 Subsection 995-1(1) (all the definitions of complying superannuation class )
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) (definition of virtual pooled superannuation trust )
50 Subsection 995-1(1) (definition of virtual PST )
51 Subsection 995-1(1) (definition of virtual PST asset )
52 Subsection 995-1(1) (definition of virtual PST liabilities )
53 Subsection 995-1(1) (definition of virtual PST life insurance policy )
Income Tax Rates Act 1986
54 Subsection 3(1) (definition of complying superannuation class )
55 Subsection 3(1)
Taxation Administration Act 1953
56 Subsection 45-290(3) in Schedule 1 (note)

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