Tax Laws Amendment (2008 Measures No. 4) Act 2008 (97 of 2008)

Schedule 3   Minor amendments

Part 2   Asterisking amendments

Income Tax Assessment Act 1997

189   Amendments relating to asterisking

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 item 1, column headed "Type of gift or contribution")

*trading stock if

trading stock if

2

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

*trading stock (wherever occurring)

trading stock

3

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

*business

business

4

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

*trading stock if

trading stock if

5

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

*trading stock (wherever occurring)

trading stock

6

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

*business

business

7

Subsection 30-15(2) (table item 2, column headed "Special conditions")

*prescribed private fund

prescribed private fund

8

Subsection 30-15(2) (table item 8, column headed "How much you can deduct")

*GST inclusive market value

GST inclusive market value

9

Paragraph 58-65(3)(a)

income tax return

*income tax return

10

Subsection 104-10(4)

those *capital proceeds

those capital proceeds

11

Subsection 104-15(3)

those *capital proceeds

those capital proceeds

12

Subsection 104-20(3)

those *capital proceeds

those capital proceeds

13

Subsection 104-25(3)

those *capital proceeds

those capital proceeds

14

Subsection 104-30(3)

those *capital proceeds

those capital proceeds

15

Subsection 104-35(3)

those *capital proceeds

those capital proceeds

16

Subsection 104-40(3)

those *capital proceeds

those capital proceeds

17

Subsection 104-45(3)

those *capital proceeds

those capital proceeds

18

Subsection 104-55(3)

those *capital proceeds

those capital proceeds

19

Subsection 104-60(3)

those *capital proceeds

those capital proceeds

20

Subsection 104-110(3)

those *capital proceeds

those capital proceeds

21

Subsection 104-115(3)

those *capital proceeds

those capital proceeds

22

Subsection 104-130(3)

those *capital proceeds

those capital proceeds

23

Subsection 104-155(3)

those *capital proceeds

those capital proceeds

24

Subsection 116-45(1)

The *capital proceeds are

The capital proceeds are

25

Subsection 116-50(1)

*capital proceeds are not

capital proceeds are not

26

Subsection 124-782(4)

arrangement

*arrangement

27

Subsections 149-15(4) and (5)

*ultimate owner)

ultimate owner)

28

Paragraph 165-115A(1C)(a)

income tax return

*income tax return

29

Paragraph 165-115E(4)(a)

income tax return

*income tax return

30

Paragraph 165-115U(1D)(a)

income tax return

*income tax return

31

Subparagraph 166-3(2)(b)(ii)

*voting stakes, *dividend stakes and *capital stakes

voting stakes, dividend stakes and capital stakes

32

Section 214-185

income tax return

*income tax return

33

Paragraph 240-20(2)(b)

*arrangement

arrangement


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