Federal Register of Legislation
New Business Tax System (Debt and Equity) Act 2001
No. 163, 2001
New Business Tax System (Debt and Equity) Act 2001
No. 163, 2001
An Act to implement the New Business Tax System in relation to debt and equity interests, and for related purposes
Contents 1 Short title................................... 2 Commencement............................... 3 Schedule(s)..................................
Schedule 1—Debt and equity interests
Part 1—Amendment of the Income Tax Assessment Act 1997 Income Tax Assessment Act 1997
Part 2—Amendment of the Income Tax Assessment Act 1936 Income Tax Assessment Act 1936
Part 3—Amendment of the Taxation Administration Act 1953 Taxation Administration Act 1953
Part 4—Application of amendments
Schedule 2—Dictionary amendments Income Tax Assessment Act 1997
New Business Tax System (Debt and Equity) Act 2001
No. 163, 2001
An Act to implement the New Business Tax System in relation to debt and equity interests, and for related purposes
[Assented to 1 October 2001]
The Parliament of Australia enacts:
1 Short title
This Act may be cited as the New Business Tax System (Debt and Equity) Act 2001.
2 Commencement
This Act commences, or is taken to have commenced, on 1 July 2001.
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Each Act that is specified in a Schedule to this Act is amended or repealed as set out in the applicable items in the Schedule concerned, and any other item in a Schedule to this Act has effect according to its terms.
Schedule 1—Debt and equity interests
Part 1—Amendment of the Income Tax Assessment Act 1997
Income Tax Assessment Act 1997
1 Section 12‑5 (after table item headed "death of timber owner") Insert:
debt interests certain returns in respect of debt interests........... 25‑85
2 Section 12‑5 (table item headed "dividends") After:
franking credits, pooled development funds (PDFs)................. 124ZM
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