Taxation Laws Amendment (Structured Settlements and Structured Orders) Act 2002 (Cth)

Taxation Laws Amendment (Structured Settlements and Structured Orders) Act 2002

Act No. 139 of 2002 as amended

This compilation was prepared on 17 August 2010 taking into account amendments up to Act No. 75 of 2010

The text of any of those amendments not in force on that date is appended in the Notes section

The operation of amendments that have been incorporated may be affected by application provisions that are set out in the Notes section

Prepared by the Office of Legislative Drafting and Publishing, Attorney‑General's Department, Canberra

Contents 1 Short title [see Note 1]........................... 2 Commencement [see Note 1]....................... 3 Schedule(s)..................................

Schedule 1—Structured settlements and structured orders

Part 1—Main amendments Income Tax Assessment Act 1997 Life Insurance Act 1995

Part 2—Consequential amendments Income Tax Assessment Act 1936 Income Tax Assessment Act 1997

Part 3—Application provisions Division 1—New Division 54 of the Income Tax Assessment Act 1997 Income Tax (Transitional Provisions) Act 1997 Division 1A—Amended definitions of exempt life insurance policy and life insurance premium Division 2—New Division 2A of Part 10 of the Life Insurance Act 1995

Notes An Act relating to structured settlements and structured orders, and for related purposes

1 Short title [see Note 1]

This Act may be cited as the Taxation Laws Amendment (Structured Settlements and Structured Orders) Act 2002.

2 Commencement [see Note 1]

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Each Act that is specified in a Schedule to this Act is amended or repealed as set out in the applicable items in the Schedule concerned, and any other item in a Schedule to this Act has effect according to its terms.

Schedule 1—Structured settlements and structured orders