Taxation Laws Amendment Act (No. 5) 2002 (Cth)

Taxation Laws Amendment Act (No. 5) 2002

Act No. 119 of 2002 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 3 Schedule(s)

Schedule 1—Special transitional provision for some oyster farmers Income Tax (Transitional Provisions) Act 1997 Income Tax Assessment Act 1997

Schedule 2—Work in progress Income Tax Assessment Act 1997

Schedule 3—Capital allowances Income Tax Assessment Act 1936 Income Tax Assessment Act 1997 Income Tax (Transitional Provisions) Act 1997 New Business Tax System (Capital Allowances—Transitional and Consequential) Act 2001

Schedule 4—Recovery of Pay as you go (PAYG) withholding amounts

Part 1—Main amendments Income Tax Assessment Act 1936

Part 2—Technical amendments Income Tax Assessment Act 1936

Part 3—Application of amendments

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

1 Short title [see Note 1]

This Act may be cited as the Taxation Laws Amendment Act (No. 5) 2002.

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 4 and anything in this Act not elsewhere covered by this table The day on which this Act receives the Royal Assent 2 December 2002 2. Schedules 1 and 2 The day on which this Act receives the Royal Assent 2 December 2002 3. Items 1 to 12 of Schedule 3 Immediately after the commencement of section 2 of the New Business Tax System (Capital Allowances—Transitional and Consequential) Act 2001 30 June 2001 4. Items 13 to 49 of Schedule 3 Immediately after the commencement of section 2 of the New Business Tax System (Capital Allowances) Act 2001 30 June 2001 5. Items 50 to 71 of Schedule 3 Immediately after the commencement of section 2 of the New Business Tax System (Capital Allowances—Transitional and Consequential) Act 2001 30 June 2001 6. Items 72 to 75 of Schedule 3 Immediately after the commencement of section 2 of the New Business Tax System (Simplified Tax System) Act 2001 30 June 2001 7. Item 76 of Schedule 3 Immediately after the commencement of section 2 of the New Business Tax System (Capital Allowances—Transitional and Consequential) Act 2001 30 June 2001 8. Items 77 to 78 of Schedule 3 Immediately after the commencement of section 2 of the New Business Tax System (Simplified Tax System) Act 2001 30 June 2001 9. Items 79 to 99 of Schedule 3 Immediately after the commencement of section 2 of the New Business Tax System (Capital Allowances—Transitional and Consequential) Act 2001 30 June 2001 10. Item 100 of Schedule 3 The day on which this Act receives the Royal Assent 2 December 2002 11. Schedule 4 The day on which this Act receives the Royal Assent 2 December 2002