Taxation Laws Amendment Act (No. 2) 2002 (Cth)

Taxation Laws Amendment Act (No. 2) 2002

No. 57, 2002

An Act to amend the law relating to taxation, and for related purposes

Contents 1 Short title................................... 2 Commencement............................... 3 Schedule(s)..................................

Schedule 1—Company rate changes (franking account consequentials) Income Tax Assessment Act 1936

Schedule 2—Friendly societies Income Tax Assessment Act 1997

Schedule 3—Prescribed dual residents Income Tax Assessment Act 1936

Schedule 4—Refundable tax offsets

Part 1—Certain trustees and beneficiaries Income Tax Assessment Act 1936 Income Tax Assessment Act 1997

Part 2—Non‑complying superannuation funds and non‑complying ADFs Income Tax Assessment Act 1997

Schedule 5—Franking rebate on indirect distributions to exempt institutions Income Tax Assessment Act 1936

Schedule 6—Tax rebate for low income aged persons Income Tax Assessment Act 1936

Schedule 7—Demutualisation of Tower Corporation Income Tax Assessment Act 1997

Schedule 8—Minor amendments of Medicare Levy Act 1986 Medicare Levy Act 1986

Schedule 9—Income tax deductions for gifts

Part 1—Income Tax Assessment Act 1936

Part 2—Income Tax Assessment Act 1997

Part 3—Application of amendments

Schedule 10—Demutualisation of mutual entities other than insurance companies Income Tax Assessment Act 1936

Schedule 11—Same asset roll‑over Income Tax Assessment Act 1936 Income Tax Assessment Act 1997

Schedule 12—Technical amendments

Part 1—Amendments of Principal Acts Crimes (Taxation Offences) Act 1980 Fringe Benefits Tax Assessment Act 1986 Income Tax Assessment Act 1936 Income Tax Assessment Act 1997 International Tax Agreements Act 1953 Taxation Administration Act 1953

Part 2—Amendments of amending Acts Aged Care (Consequential Provisions) Act 1997 A New Tax System (Indirect Tax and Consequential Amendments) Act 1999 A New Tax System (Pay As You Go) Act 1999 A New Tax System (Tax Administration) Act 1999 Income Tax (Consequential Amendments) Act 1997 New Business Tax System (Capital Allowances—Transitional and Consequential) Act 2001 New Business Tax System (Miscellaneous) Act (No. 2) 2000 Taxation Laws Amendment Act (No. 1) 1997 Taxation Laws Amendment Act (No. 1) 2001 Taxation Laws Amendment Act (No. 2) 1999 Taxation Laws Amendment Act (No. 3) 1997 Taxation Laws Amendment Act (No. 3) 1999 Taxation Laws Amendment Act (No. 3) 2001 Taxation Laws Amendment Act (No. 6) 2001 Taxation Laws Amendment (Company Law Review) Act 1998 Taxation Laws Amendment (Private Health Insurance) Act 1998 Taxation Laws Amendment (Research and Development) Act 2001 Taxation Laws Amendment (Trust Loss and Other Deductions) Act 1998 Tax Law Improvement Act 1997 Tax Law Improvement Act (No. 1) 1998