Tax Laws Amendment (2009 Measures No. 3) Act 2009 (Cth)

Tax Laws Amendment (2009 Measures No. 3) Act 2009

Act No. 47 of 2009 as amended

This compilation was prepared on 15 July 2011 taking into account amendments up to Act No. 43 of 2011

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—Reduction in 2009‑10 PAYG instalments

Part 1—Main amendments Taxation Administration Act 1953

Part 2—Sunsetting on 1 July 2014 Taxation Administration Act 1953

Part 3—Application provision

Schedule 2—Choosing annual PAYG instalments if voluntarily registered for GST Income Tax Assessment Act 1997 Taxation Administration Act 1953

Schedule 3—Petroleum resource rent tax

Part 1—Functional currency Petroleum Resource Rent Tax Assessment Act 1987

Part 2—Exploration expenditure etc. Petroleum Resource Rent Tax Assessment Act 1987

Part 3—Processing of internal petroleum Petroleum Resource Rent Tax Assessment Act 1987

Part 4—Designated frontier areas Petroleum Resource Rent Tax Assessment Act 1987

Schedule 4—Deductible gift recipients Income Tax Assessment Act 1997

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 Tax Laws Amendment (2009 Measures No. 3) Act 2009.

2 Commencement

(1) Each provision of this Act specified in column 1 of the table commences, or is taken to have commenced, in accordance with column 2 of the table. Any other statement in column 2 has effect according to its terms.

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. 24 June 2009 2. Schedule 1, Part 1 The day after this Act receives the Royal Assent. 25 June 2009 3. Schedule 1, Part 2 1 July 2014. 1 July 2014 4. Schedule 1, Part 3 The day after this Act receives the Royal Assent. 25 June 2009 5. Schedule 2 The day on which this Act receives the Royal Assent. 24 June 2009 6. Schedule 3, Part 1 1 July 2009. 1 July 2009 7. Schedule 3, Parts 2 and 3 1 July 2008. 1 July 2008 8. Schedule 3, Part 4 12 May 2009. 12 May 2009 9. Schedule 4 The day on which this Act receives the Royal Assent. 24 June 2009