Tax Laws Amendment (Norfolk Island CGT Exemption) Act 2016 (Cth)

Tax Laws Amendment (Norfolk Island CGT Exemption) Act 2016

No. 20, 2016

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

Contents 1 Short title 2 Commencement 3 Schedules Schedule 1—Norfolk Island capital gains tax exemption Income Tax Assessment Act 1997 Income Tax (Transitional Provisions) Act 1997

Tax Laws Amendment (Norfolk Island CGT Exemption) Act 2016 No. 20, 2016

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

[Assented to 18 March 2016]

The Parliament of Australia enacts:

1 Short title This Act may be cited as the Tax Laws Amendment (Norfolk Island CGT Exemption) Act 2016.

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 Provisions Commencement Date/Details 1. Sections 1 to 3 and anything in this Act not elsewhere covered by this table The day this Act receives the Royal Assent. 18 March 2016 2. Schedule 1 Immediately after the commencement of the Tax and Superannuation Laws Amendment (Norfolk Island Reforms) Act 2015. 1 July 2016

Note: This table relates only to the provisions of this Act as originally enacted. It will not be amended to deal with any later amendments of this Act. (2) Any information in column 3 of the table is not part of this Act. Information may be inserted in this column, or information in it may be edited, in any published version of this Act.