New Business Tax System (Capital Gains Tax) Act 1999 (Cth)

New Business Tax System (Capital Gains Tax) Act 1999

Act No. 165 of 1999 as amended

This compilation was prepared on 19 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—Small business relief

Part 1—Insertion of new Division Income Tax Assessment Act 1997

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

Part 3—Application and transitional

Schedule 2—Scrip for scrip roll‑over Income Tax Assessment Act 1997

Schedule 3—Venture capital exemption Income Tax Assessment Act 1997 Pooled Development Funds Act 1992

Schedule 4—Dictionary amendments Income Tax Assessment Act 1997

Notes An Act to implement the New Business Tax System by amending the law relating to capital gains tax, and for related purposes

1 Short title [see Note 1]

This Act may be cited as the New Business Tax System (Capital Gains Tax) Act 1999.

2 Commencement [see Note 1]

(1) Subject to subsection (2), this Act commences on the day on which it receives the Royal Assent.

(2) If item 1 of Schedule 9 to the New Business Tax System (Integrity and Other Measures) Act 1999 has not commenced before that day, Schedule 1 to this Act commences immediately after that item commences.

3 Schedule(s)

Subject to section 2, each Act that is specified in a Schedule to this Act is amended or repealed as set out in the applicable items in the Schedule concerned, and any other item in a Schedule to this Act has effect according to its terms.