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Tax Laws Amendment (2005 Measures No. 2) Bill 2005

 

 

 

 

 

 

Tax Laws Amendment (2005 Measures No. 2) Act 2005

 

No.      , 2005

 

 

 

 

 

   



 

 

 

 

 

 

Tax Laws Amendment (2005 Measures No. 2) Act 2005

 

No.      , 2005

 

 

 

 

 

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—Simplified imputation system                                                                3

Income Tax Assessment Act 1997                                                                               3

Schedule 2—CGT roll-over for transfer of assets to superannuation funds with licensed trustees             4

Income Tax Assessment Act 1997                                                                               4

Schedule 3—Deducting expenditure on telecommunications rights           8

Part 1—IRUs                                                                                                                       8

Income Tax Assessment Act 1997                                                                               8

Income Tax (Transitional Provisions) Act 1997                                                    8

Part 2—Rights of access to telecommunications sites                                        10

Income Tax Assessment Act 1997                                                                             10

Schedule 4—Changing from annual to quarterly payment of PAYG instalments    12

Taxation Administration Act 1953                                                                          12

Schedule 5—Deductible gift recipients                                                                      14

Income Tax Assessment Act 1997                                                                             14

Schedule 6—Goods and services tax and real property                                  16

A New Tax System (Goods and Services Tax) Act 1999                                      16

Taxation Administration Act 1953                                                                          27

Schedule 7—Superannuation and family law                                                          29

Income Tax Assessment Act 1936                                                                             29

Schedule 8—Worker entitlement funds                                                                    40

Fringe Benefits Tax Assessment Act 1986                                                              40

 



 

 

Tax Laws Amendment (2005 Measures No. 2) Act 2005

No.      , 2005

 

 

 

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 (2005 Measures No. 2) Act 2005 .

2   Commencement

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

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.