Taxation Laws Amendment Act (No. 1) 2003 (Cth)

Taxation Laws Amendment Act (No. 1) 2003

No. 12, 2003

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

Contents 1 Short title 2 Commencement 3 Schedule(s)

Schedule 1—Interest withholding tax exemptions Income Tax Assessment Act 1936

Schedule 2—CGT exemption for certain compensation payments Income Tax Assessment Act 1997

Schedule 3—Friendly society investment products

Part 1—Exempt income of friendly societies Income Tax Assessment Act 1997

Part 2—Deductions for friendly societies Income Tax Assessment Act 1997

Part 3—Assessment of income from certain policies Income Tax Assessment Act 1936 Income Tax Assessment Act 1997

Part 4—Definition Income Tax Assessment Act 1997

Schedule 4—Goods and services tax A New Tax System (Goods and Services Tax Transition) Act 1999

Taxation Laws Amendment Act (No. 1) 2003

No. 12, 2003

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

[Assented to 2 April 2003]

The Parliament of Australia enacts:

1 Short title

This Act may be cited as the Taxation Laws Amendment Act (No. 1) 2003.

2 Commencement

(1) Each provision of this Act specified in column 1 of the table commences, or is taken to have commenced, on the day or at the time specified in column 2 of the table.

Commencement information Column 1 Column 2 Column 3 Provision(s) Commencement Date/Details 1. Sections 1 to 3 and anything in this Act not elsewhere covered by this table The day on which this Act receives the Royal Assent 2 April 2003 2. Schedule 1 29 August 2001 29 August 2001 3. Schedule 2 The day on which this Act receives the Royal Assent 2 April 2003 4. Schedule 3 The day on which this Act receives the Royal Assent 2 April 2003 5. Schedule 4 The day on which this Act receives the Royal Assent 2 April 2003