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New Business Tax System (Integrity Measures) Bill 2000

 

 

 

 

New Business Tax System (Integrity Measures) Act 2000

 

No. 90, 2000



 

 

 

 

New Business Tax System (Integrity Measures) Act 2000

 

No. 90, 2000

 

 

 

 

An Act to amend the law about taxation to implement the New Business Tax System, and for related purposes

   

   



Contents

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

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

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

Schedule 1—Losses from non-commercial business activities                      3

Income Tax Assessment Act 1997                                                                               3

Schedule 2—Deducting prepayments                                                                         12

Part 1—Expenditure on and after 11 November 1999                                     12

Income Tax Assessment Act 1936                                                                             12

Part 2—2002 and later expenditure                                                                          17

Income Tax Assessment Act 1936                                                                             17

Part 3—Application provisions                                                                                   18

 



New Business Tax System (Integrity Measures) Act 2000

No. 90, 2000

 

 

 

An Act to amend the law about taxation to implement the New Business Tax System, and for related purposes

[ Assented to 30 June 2000 ]

The Parliament of Australia enacts:

1   Short title

                   This Act may be cited as the New Business Tax System (Integrity Measures) Act 2000 .

2   Commencement

                   This Act commences on the day on which it receives the Royal Assent.

3   Schedule(s)

                   Subject to section 2, each Act that is specified in a Schedule to this Act is amended or repealed as set out in the applicable items in the Schedule concerned, and any other item in a Schedule to this Act has effect according to its terms.