Commonwealth Numbered Acts

TAXATION LAWS AMENDMENT (FOREIGN INCOME) ACT 1990

TABLE OF PROVISIONS

           Long Title

   1.      Short title  
   2.      Commencement  
   3.      Principal Act  
   4.      Interpretation  
   5.      Foreign income and foreign tax  
   6.      Grossing-up of foreign income  
   7.      Income beneficially derived  
   8.       
   9.       
   10.      
   11.     General domestic losses of post-1989 years of income  
   12.     General domestic losses of pre-1990 years of income  
   13.     Film losses of pre-1990 years of income  
   14.     Primary production losses of pre-1990 years of income  
   15.     Transfer of loss within company group  
   16.     Receipt of trust income not previously subject to tax  
   17.     Revocable trusts  
   18.      
   19.     Loans etc. to shareholders and associates deemed to be dividends  
   20.     Interpretation  
   21.     Deductions to be allowable for expenditure incurred in gaining superannuation premiums  
   22.     Deductions to be allowable for expenditure incurred in gaining the investment component of certain premiums  
   23.     Exemption of income attributable to certain policies etc.  
   24.     Repeal of section 112B  
   25.     Notional Part IIIA disposals of fund assets  
   26.     Amount of assessable income in particular class  
   27.     Consequential adjustments to assessable income and allowable deductions  
   28.     Interpretation  
   29.      
   30.     Credits in respect of foreign tax  
   31.     Certain dividends deemed to be interest income  
   32.     Foreign underlying tax  
   33.      
   34.      
   35.     Carry-forward and transfer of excess credits  
   36.     Penalty for false or misleading statements  
   37.     What constitutes a disposal or acquisition  
   38.     Capital gains and capital losses  
   39.      
   40.     Return of capital on investment in trust  
   41.     Transfer of asset from company or trust to spouse upon breakdown of marriage  
   42.     Transfer of asset between companies in the same group  
   43.     Transfer of asset from subsidiary to holding company for no consideration  
   44.     Commissioner may collect tax from person owing money to taxpayer  
   45.     Assessment where no administration  
   46.     Penalty for false or misleading statements  
   47.     Interpretation  
   48.      
   49.      
   50.     Interpretation  
   51.     Application of amendments  
   52.     Transitional - section 108 of the amended Act  
   53.     Transitional - section 160AFD of the amended Act  
   54.     Transitional - section 319 of the amended Act  
   55.     Transitional - section 458 of the amended Act  
   56.     Transitional - section 459 of the amended Act  
   57.     Transitional - CFT distributions  
   58.     Transitional - change of CFC residence from unlisted to listed country  
   59.     Transitional - change of CFC residence from unlisted country to Australia  
   60.     Transitional - regulations  
   61.     Amendment of assessments  
   62.     Principal Act  
   63.     Interpretation  
   64.     Application of amendments  
   65.     Principal Act  
   66.     Interpretation