Tax Laws Amendment (2013 Measures No. 1) Act 2013 (Cth)

Tax Laws Amendment (2013 Measures No. 1) Act 2013

No. 119, 2013

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

Contents 1 Short title 2 Commencement 3 Schedule(s) 4 Amendment of assessments Schedule 1—Strengthening scrip for scrip roll‑over, small business entity and other concessions Part 1—Scrip for scrip roll‑over Income Tax Assessment Act 1997 Part 2—Meaning of connected with an entity Income Tax Assessment Act 1997 Part 3—Entity making the gain or loss Income Tax Assessment Act 1997 Schedule 2—Ex‑gratia payments for natural disasters Income Tax Assessment Act 1997 Schedule 3—Deductible gift categories Income Tax Assessment Act 1997

Tax Laws Amendment (2013 Measures No. 1) Act 2013 No. 119, 2013

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

[Assented to 29 June 2013]

The Parliament of Australia enacts:

1 Short title This Act may be cited as the Tax Laws Amendment (2013 Measures No. 1) Act 2013.

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 4 and anything in this Act not elsewhere covered by this table The day this Act receives the Royal Assent. 29 June 2013 2. Schedule 1 The day after this Act receives the Royal Assent. 30 June 2013 3. Schedule 2 The later of: 29 June 2013 (paragraph (a) applies) (a) the start of the day this Act receives the Royal Assent; and (b) immediately after the commencement of Part 1 of Schedule 2 to the Tax and Superannuation Laws Amendment (2013 Measures No. 2) Act 2013. However, the provision(s) do not commence at all if the event mentioned in paragraph (b) does not occur. 4. Schedule 3 The day this Act receives the Royal Assent. 29 June 2013