TAXATION LAWS AMENDMENT ACT 1991
Table of Provisions
- 1 Short title
- 2 Commencement
- 3 Principal Act
- 4 Reduction of taxable value - "otherwise deductible" rule
- 5 Reduction of taxable value - "otherwise deductible" rule
- 6 Interpretation
- 7 Application of amendments
- 8 Principal Act
- 9 Foreign income and foreign tax
- 10 Exemption of certain pensions
- 11 Exemption of foreign branch profits of Australian companies
- 12 Distribution benefits - CFCs
- 13 Bad debts
- 14
- 15 Certain provisions to be disregarded in calculating attributable income
- 16
- 17 Interpretation
- 18 Exploration and prospecting expenditure
- 19 Interpretation
- 20 Exploration and prospecting expenditure
- 21 Application of Subdivision
- 22 Application of Subdivision
- 23 Interpretation
- 24 Allowable capital expenditure in respect of cash bidding payments for exploration permits and production licences
- 25 Exploration and prospecting expenditure
- 26 Prospecting or mining by contractors, profit-sharing arrangements etc.
- 27 Double deductions
- 28 Interpretation
- 29 Interpretation
- 30 Qualifying expenditure
- 31 Interpretation
- 32 Rebate for medical expenses
- 33 Passive income
- 34 Interpretation
- 36
- 37 Receipt of franked dividends
- 38 Receipt of franked dividends through trusts and partnerships
- 39
- 40
- 41 Waiver of franking deficit tax
- 42
- 43 Liability to franking deficit tax
- 44 Assets to which Part applies
- 45 Taxpayer
- 46 Associated persons
- 47 Resident trust estates and unit trusts
- 48 Part applies in respect of disposals of assets
- 49 What constitutes a disposal or acquisition
- 50 Disposal of taxable Australian assets
- 51 Capital gains and capital losses
- 52 Reductions of capital gains where amount otherwise assessable
- 53 Consideration in respect of disposal
- 54
- 55 Reduction of amounts for purposes of reduced cost base
- 56 Transfer of assets from company or trust to spouse uponl 25310 breakdown of marriage
- 57 Transfer of asset to wholly-owned company
- 58
- 59 Transfer of asset between companies in the same group
- 60 Repeal of section 160ZZOA
- 61
- 62 Transfers of assets between companies under common ownership
- 63 Shares in, and loans to, transferor - deemed disposal and re-acquisition
- 64 First asset acquired before transferor and transferee came under common ownership - shares in, and loans to, transferor - reduction in cost base etc.
- 65
- 66 Equity interests in transferee - compensatory increase in cost base etc.
- 67 Disposal of shares or of interest in trust
- 68 Keeping of records
- 69 Effect of incorrect quotation of tax file number
- 70 Interpretation
- 71 When income or profits subject to tax in a listed country
- 72 Exempting receipt of an unlisted country company
- 73 Certain provisions to be disregarded in calculating attributable income
- 74 Notional allowable deduction for taxes paid
- 75
- 76 Additional notional exempt income - unlisted or listed country CFC
- 77 Modified application of Part IIIA - general modifications
- 78
- 79 Repeal of section 420
- 80 Amounts excluded from active income test
- 81
- 82
- 83 Only resident partners, beneficiaries etc. liable to be assessed as a result of attribution
- 84 Application of amendments - general
- 85 Application of bad debt amendments
- 86 Savings - section 159GZZJ of the Principal Act
- 87 Transitional - cancellation of franking surplus for mutual life assurance companies and SGIOs
- 88 Transitional - application of Part IIIA of the Principal Act to partnerships
- 89 Transitional - section 160zzu of the amended Act
- 90 Amendment of assessments
- 91 Principal Act
- 92 Interpretation
- 93 Limitation on tax payable by certain trustees
- 94 Interpretation
- 95 Tax cuts for 1990-91
- 96 Tax cuts for 1991-92 and subsequent years
- 97 Application of amendments
- 98 Transitional - provisional tax for 1990-91
- 99 Amendment of assessments
- 100 Principal Act
- 101
- 102 Secrecy
- 103 Principal Act
- 104 Transitional - section 108 of the amended Act