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Schedule 4—Other amendments

Schedule 4 Other amendments

   

Treasury Laws Amendment (Combating Multinational Tax Avoidance) Act 2017

1  Subsection 2(1) (table item 3)

Repeal the item, substitute:

3.  Schedule 1, item 7

At the same time as Part 1 of Schedule 2 to the Treasury Laws Amendment (Enterprise Tax Plan No. 2) Act 2017 commences.

However, the provisions do not commence at all if that Part does not commence.

 

2  Item 7 of Schedule 1

Repeal the item, substitute:

7  Subsection 177A(1) (definition of standard corporate tax rate )

Omit “covered by paragraph 23(2)(b)”, substitute “under subsection 23(2)”.

Note:       This item commences on 1 July 2023, at the same time as Part 1 of Schedule 2 to the Treasury Laws Amendment (Enterprise Tax Plan No. 2) Act 2017 .

Treasury Laws Amendment (Enterprise Tax Plan) Act 2017

3  Subsection 2(1) (table items 5, 6 and 7)

Repeal the items.

4  Parts 9, 10 and 11 of Schedule 1

Repeal the Parts.

5  Item 57 of Schedule 1

Repeal the item, substitute:

57  Application of amendments

(1)       Subject to the following subitems, the amendments made by Part 1 of this Schedule apply to the 2016-17 year of income and later years of income.

(2)       Subject to the following subitem, the amendments made by Part 2 of this Schedule apply to the 2017-18 year of income and later years of income.

(3)       The amendments made by Part 3 of this Schedule apply to the 2018-19 year of income and later years of income.