TAXATION LAWS AMENDMENT ACT 1992

Table of Provisions

• Long Title

• 1 Short title  
• 2 Commencement  
• 3 Principal Act  
• 4  
• 5 Amendment of assessments  
• 6 Principal Act  
• 7 Exemptions  
• 8 Index of payments covered by Subdivision  
• 9  
• 10  
• 11 Rebate on dividends  
• 12 Rebate on dividends paid as part of dividend stripping operation  
• 13 Composition of taxable income  
• 14 Losses and outgoings  
• 15 Depreciation  
• 16  
• 17 Calculation of depreciation  
• 18 Limit on cost price for depreciation of motor vehicle  
• 19 Repeal of section 57AG  
• 20 Special depreciation on property used for basic iron or steel production  
• 21  
• 22 Disposal, loss or destruction of depreciated property  
• 23 Disposal of depreciated property on change of ownership or interest  
• 24  
• 25 Deductions for debt dividends  
• 26 Expenditure on scientific research  
• 27  
• 28 Expenditure on research and development activities  
• 29 Guaranteed returns to investors  
• 30 Losses to be allowable deductions  
• 31 Modified application of Act in relation to certain unit trusts  
• 32 Modified application of Act in relation to certain unit trusts  
• 33 Effect of Division on rebate under section 46 or 46A  
• 34  
• 35  
• 36 Change in interests in property  
• 37  
• 38  
• 39 Change in interests in property  
• 40  
• 41 Change in interests in property  
• 42 Interpretation  
• 43 Rehabilitation-related activity  
• 44 No deduction for certain expenditure  
• 45  
• 46  
• 47  
• 48 Disposal of unit of industrial property on change of partnership etc.  
• 49 Interpretation  
• 50 Indexation of indexed cost base limit  
• 51 Transfer of partnership assets to wholly-owned company  
• 52 Explanation of terms: investment, investor, investment body  
• 53 Interpretation  
• 54 Credits in respect of deducted amounts  
• 55  
• 56 Keeping of records  
• 57 Interpretation  
• 58  
• 59 Direct attribution interest in a CFC or CFT  
• 60 Direct attribution account interest in a company  
• 61 Notional allowable deduction for eligible finance share dividends and widely distributed finance share dividends  
• 62 Additional notional exempt income - unlisted or listed country CFC  
• 63 Application of amendments - general (Meaning of "amended Act")  
• 64 Application of depreciation amendments: effective life; 100% depreciation; broadbanding; loading and pooling (Definitions)  
• 65 Application of tax file number amendments (Meaning of "amended Act")  
• 66 Transitional - intercorporate dividend rebate amendments  
• 67 Transitional - section 55 of the amended Act  
• 68 Transitional - repealed paragraph 56(1)(b) of the Principal Act  
• 69 Transitional - repealed section 57AH of the Principal Act  
• 70 Transitional - repealed section 57AL of the Principal Act  
• 71 Transitional - section 58 of the amended Act (This section applies if section 58 of the amended Act applies)  
• 72 Transitional - elective capital deduction roll-over relief where CGT roll-over relief available under section 160ZZO of the Principal Act and property disposed of after 6 December 1990 (Definitions)  
• 73 Transitional - section 160AFE of the Principal Act  
• 74 Transitional - Part X record-keeping offences  
• 75 Amendment of assessments  
• 76 Principal Act  
• 77 Schedule 32  
• 78 Application of amendment