Tax Laws Amendment (2011 Measures No. 2) Act 2011 (Cth)

Tax Laws Amendment (2011 Measures No. 2) Act 2011

No. 41, 2011 as amended

Compilation start date: 29 June 2013

Includes amendments up to: Act No. 124, 2013

About this compilation

This compilation

This is a compilation of the Tax Laws Amendment (2011 Measures No. 2) Act 2011 as in force on 29 June 2013. It includes any commenced amendment affecting the legislation to that date.

This compilation was prepared on 20 September 2013.

The notes at the end of this compilation (the endnotes) include information about amending laws and the amendment history of each amended provision.

Uncommenced amendments

The effect of uncommenced amendments is not reflected in the text of the compiled law but the text of the amendments is included in the endnotes.

Application, saving and transitional provisions for provisions and amendments

If the operation of a provision or amendment is affected by an application, saving or transitional provision that is not included in this compilation, details are included in the endnotes.

Modifications

If a provision of the compiled law is affected by a modification that is in force, details are included in the endnotes.

Provisions ceasing to have effect

If a provision of the compiled law has expired or otherwise ceased to have effect in accordance with a provision of the law, details are included in the endnotes.

Contents 1 Short title 2 Commencement 3 Schedule(s) Schedule 1—Deductible gift recipients Part 1—Amendments commencing on 1 January 2011 Income Tax Assessment Act 1997 Part 2—Amendments commencing on Royal Assent Income Tax Assessment Act 1997 Schedule 2—Self managed superannuation funds Superannuation Industry (Supervision) Act 1993 Schedule 3—Use of TFNs for superannuation purposes Part 1—Amendments commencing on 1 July 2011 Retirement Savings Accounts Act 1997 Superannuation Industry (Supervision) Act 1993 Part 2—Amendments commencing on Proclamation Retirement Savings Accounts Act 1997 Superannuation Industry (Supervision) Act 1993 Schedule 4—GST: payments of taxes, fees and charges A New Tax System (Goods and Services Tax) Act 1999 A New Tax System (Luxury Car Tax) Act 1999 Schedule 5—Other amendments Part 1—A New Tax System (Goods and Services Tax) Act 1999 Part 2—Approved worker entitlement funds Fringe Benefits Tax Assessment Act 1986 Income Tax Assessment Act 1997 Taxation Administration Act 1953 Part 3—Confidentiality of taxpayer Information Division 1—Main amendments Income Tax Assessment Act 1936 Income Tax Assessment Act 1997 Taxation Administration Act 1953 Division 2—Amendment contingent on the Human Services Legislation Amendment Act 2011 Taxation Administration Act 1953 Part 4—Employee share schemes Division 1—Income Tax Assessment Act 1997 Division 2—Income Tax (Transitional Provisions) Act 1997 Division 3—Minor amendment Income Tax Assessment Act 1997 Part 5—General interest charge Taxation Administration Act 1953 Part 6—Deductible gift recipients Division 1—Amendments commencing on Royal Assent Income Tax Assessment Act 1997 Division 2—Amendments commencing on 1 July 2011 Income Tax Assessment Act 1997 Division 3—Other amendment Tax Laws Amendment (Repeal of Inoperative Provisions) Act 2006 Part 7—Section 23AB of the Income Tax Assessment Act 1936 Income Tax Assessment Act 1936 Part 8—Definitions and signposts to related material Income Tax Assessment Act 1936 Part 9—Repeal of redundant reference to Papua New Guinea Income Tax Assessment Act 1936 Part 10—Repeal of redundant references to franking Income Tax Assessment Act 1936 Part 11—Correction of cross‑reference in provision about dividend streaming etc. Income Tax Assessment Act 1936 Part 12—Minor changes to provisions about concessional rebates Income Tax Assessment Act 1936 Part 13—Fixing outdated references to Medicare levy Income Tax Assessment Act 1997 Part 14—Repeal of references to previously repealed provisions Income Tax Assessment Act 1997 Part 15—Correction of asterisking of reference to tax debts Income Tax Assessment Act 1997 Part 16—Repeal of outdated provisions about exemption from income tax Income Tax Assessment Act 1936 Income Tax Assessment Act 1997 Part 17—Correction of asterisking of references to quarter Income Tax Assessment Act 1997 Part 18—Inclusion of Commissioner's discretion to extend main residence exemption from CGT Income Tax Assessment Act 1997 Part 19—Nomination of controllers of discretionary trust Income Tax Assessment Act 1997 Part 20—Definitions mainly relevant to Subdivision 165‑F of the Income Tax Assessment Act 1997 Income Tax Assessment Act 1997 Taxation Administration Act 1953 Part 21—Removal of definition from imputation provisions Income Tax Assessment Act 1997 Part 22—Correction of outdated references to virtual PST assets Income Tax Assessment Act 1997 Part 23—Repeal of spent provisions about land transport facilities borrowings Income Tax Assessment Act 1997 Part 24—Prevention of double counting for direct value shifts Income Tax Assessment Act 1997 Part 25—Ineligible income tax remission decisions Taxation Administration Act 1953 Part 26—Correction of references to chains of fixed trusts Income Tax Assessment Act 1997 Part 27—Gender‑specific language Income Tax Assessment Act 1936 Part 28—Misdescribed amendments Tax Laws Amendment (2010 Measures No. 1) Act 2010 Tax Laws Amendment (Transfer of Provisions) Act 2010 Part 29—References to Schedules Family Trust Distribution Tax (Primary Liability) Act 1998 Family Trust Distribution Tax (Secondary Liability) Act 1998 Fringe Benefits Tax Assessment Act 1986 Income Tax Assessment Act 1936 Income Tax Assessment Act 1997 Income Tax (Transitional Provisions) Act 1997 Medicare Levy Act 1986 Superannuation Contributions Tax (Assessment and Collection) Act 1997 Part 30—References to taxation laws Income Tax Assessment Act 1997 Taxation Administration Act 1953 Part 31—Other amendments Income Tax Assessment Act 1936 Income Tax Assessment Act 1997 Income Tax (Transitional Provisions) Act 1997 Superannuation Legislation Amendment Act 2010 Taxation Administration Act 1953 Taxation (Interest on Overpayments and Early Payments) Act 1983 Tax Laws Amendment (2007 Measures No. 5) Act 2007 Endnotes Endnote 1—About the endnotes Endnote 2—Abbreviation key Endnote 3—Legislation history Endnote 4—Amendment history Endnote 5—Uncommenced amendments [none] Endnote 6—Modifications [none] Endnote 7—Misdescribed amendments [none] Endnote 8—Miscellaneous [none] An Act to amend the law relating to taxation and superannuation, and for related purposes