2010-2011-2012

 

The Parliament of the

Commonwealth of Australia

 

HOUSE OF REPRESENTATIVES

 

 

 

 

Presented and read a first time

 

 

 

 

 

 

 

 

 

Tax Laws Amendment (Special Conditions for Not-for-profit Concessions) Bill 2012

 

 

 

No.      , 2012

 

(Treasury)

 

 

 

A Bill for an Act to amend the law relating to taxation, and for related purposes

   

   

Contents

1............ Short title............................................................................................. 1

2............ Commencement................................................................................... 1

3............ Schedule(s)......................................................................................... 2

Schedule 1—Restating and standardising the special conditions for tax concession entities        3

Part 1—Deductible gift recipients                                                                           3

Income Tax Assessment Act 1997                                                                               3

Income Tax (Transitional Provisions) Act 1997                                                     8

Tax Laws Amendment (2011 Measures No. 2) Act 2011                                       8

Part 2—Tax exempt entities                                                                                        9

Income Tax Assessment Act 1936                                                                               9

Income Tax Assessment Act 1997                                                                               9

Part 3—Miscellaneous amendments                                                                     14

Income Tax Assessment Act 1936                                                                             14

Income Tax Assessment Act 1997                                                                             14

Taxation Administration Act 1953                                                                          15

Part 4—Consequential amendments                                                                     17

A New Tax System (Australian Business Number) Act 1999                               17

A New Tax System (Goods and Services Tax) Act 1999                                       17

Extension of Charitable Purpose Act 2004                                                           19

Fuel Tax Act 2006                                                                                                      19

Income Tax Act 1986                                                                                                  20

Income Tax Assessment Act 1936                                                                             21

Income Tax Assessment Act 1997                                                                             21

Income Tax Rates Act 1986                                                                                       25

Taxation Administration Act 1953                                                                          25

Part 5—Consequential amendments to the Fringe Benefits Tax Assessment Act 1986 27

Fringe Benefits Tax Assessment Act 1986                                                              27

Taxation Administration Act 1953                                                                          33

Part 6—Amendments to the A New Tax System (Goods and Services Tax) Act 1999 34

A New Tax System (Goods and Services Tax) Act 1999                                       34

Part 7—Application and transitional provisions                                             39

Schedule 2—Amendments commencing if the Australian Charities and Not-for-profits Commission (Consequential and Transitional) Act 2012 has not commenced     41

Fringe Benefits Tax Assessment Act 1986                                                              41

Income Tax Assessment Act 1997                                                                             41

Schedule 3—Sydney Dance Company and Australian Chamber Orchestra Pty. Limited            42

Income Tax Assessment Act 1997                                                                             42

 

A Bill for an Act to amend the law relating to taxation, and for related purposes

The Parliament of Australia enacts:

1   Short title

                   This Act may be cited as the Tax Laws Amendment (Special Conditions for Not-for-profit Concessions) Act 2012 .

2   Commencement

             (1)  Each provision of this Act specified in column 1 of the table commences, or is taken to have commenced, in accordance with column 2 of the table. Any other statement in column 2 has effect according to its terms.

 

Commencement information
Column 1	Column 2	Column 3
Provision(s)	Commencement	Date/Details
1.  Sections 1 to 3 and anything in this Act not elsewhere covered by this table	The day this Act receives the Royal Assent.
2.  Schedule 1	The day after this Act receives the Royal Assent.
3.  Schedule 2	The day after this Act receives the Royal Assent. However, the provision(s) do not commence at all if Part 2 of Schedule 2 to the Australian Charities and Not-for-profits Commission (Consequential and Transitional) Act 2012 commences on or before that day.
4.  Schedule 3	Immediately after the commencement of the provision(s) covered by table item 2.

Note:          This table relates only to the provisions of this Act as originally enacted. It will not be amended to deal with any later amendments of this Act.

             (2)  Any information in column 3 of the table is not part of this Act. Information may be inserted in this column, or information in it may be edited, in any published version of this Act.

3   Schedule(s)

                   Each Act that is specified in a Schedule to this Act is amended or repealed as set out in the applicable items in the Schedule concerned, and any other item in a Schedule to this Act has effect according to its terms.