New Business Tax System (Consolidation) Act (No. 1) 2002 (Cth)

New Business Tax System (Consolidation) Act (No. 1) 2002

Act No. 68 of 2002 as amended

This compilation was prepared on 24 September 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—Main consolidation provisions Income Tax Assessment Act 1997

Schedule 2—Transitional provisions relating to main consolidation provisions Income Tax (Transitional Provisions) Act 1997

Schedule 3—Consequential amendments relating to main consolidation provisions

Part 1—General Income Tax Assessment Act 1997

Part 2—Head company terminology Income Tax Assessment Act 1997

Part 3—Limiting access to group concessions Division 1—CGT roll‑overs Income Tax Assessment Act 1997 Division 2—Loss transfers Income Tax Assessment Act 1997

Part 4—Anti‑avoidance provision for franking credit trading Income Tax Assessment Act 1936

Schedule 4—Amendments about Pay as you go (PAYG) instalments

Part 1—The amendments Taxation Administration Act 1953

Part 2—Consequential amendments Taxation Administration Act 1953

Schedule 5—Amendments of Dictionary Income Tax Assessment Act 1997

Notes An Act about income tax to implement a New Business Tax System, and for related purposes

1 Short title [see Note 1]

This Act may be cited as the New Business Tax System (Consolidation) Act (No. 1) 2002.

2 Commencement [see Note 1]

This Act commences on the day on which the New Business Tax System (Consolidation, Value Shifting, Demergers and Other Measures) Act 2002 receives the Royal Assent.