Tax Laws Amendment (2006 Measures No. 3) Act 2006 (Cth)

Tax Laws Amendment (2006 Measures No. 3) Act 2006

Act No. 80 of 2006 as amended

This compilation was prepared on 2 April 2012 taking into account amendments up to Act No. 12 of 2012

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—Cyclone Larry and Cyclone Monica income support payments Income Tax Assessment Act 1936 Income Tax Assessment Act 1997

Schedule 2—Non‑assessable, non‑exempt income relating to Cyclones Larry and Monica

Schedule 3—Interim income support payments Income Tax Assessment Act 1936 Income Tax Assessment Act 1997

Schedule 4—Simplified imputation system (share capital tainting rules)

Part 1—The rewritten share capital tainting rules Division 1—Amendment Income Tax Assessment Act 1997 Division 2—Application and transitional provisions Income Tax (Transitional Provisions) Act 1997

Part 2—Consequential amendments relating to rewritten share capital tainting rules Division 1—Amendments Income Tax Assessment Act 1936 Income Tax Assessment Act 1997 Taxation Administration Act 1953 Division 2—Application provision

Part 3—Amendment of the old share capital tainting rules Division 1—Amendments Income Tax Assessment Act 1936 Division 2—Application provision

Part 4—Relocating the definition of share capital account Division 1—Main amendment Income Tax Assessment Act 1997 Division 2—Consequential amendments Income Tax Assessment Act 1936 Income Tax Assessment Act 1997 Division 3—Application provision

Schedule 5—Government grants Income Tax Assessment Act 1997