Treasury Laws Amendment (Income Tax Consolidation Integrity) Act 2018 (Cth)

Treasury Laws Amendment (Income Tax Consolidation Integrity) Act 2018

No. 14, 2018

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

Contents 1 Short title 2 Commencement 3 Schedules Schedule 1—Consolidation Part 1—Deductible liabilities Income Tax Assessment Act 1997 Part 2—Deferred tax liabilities Income Tax Assessment Act 1997 Part 3—Securitised assets: 2014 Budget Income Tax Assessment Act 1997 Part 4—Securitised assets: 2016 Budget Income Tax Assessment Act 1997 Part 5—Churning Income Tax Assessment Act 1997 Part 6—TOFA Income Tax Assessment Act 1997 Part 7—Value shifting Income Tax Assessment Act 1997 Part 8—Commencement of arrangements

Treasury Laws Amendment (Income Tax Consolidation Integrity) Act 2018 No. 14, 2018

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

[Assented to 28 March 2018]

The Parliament of Australia enacts:

1 Short title This Act is the Treasury Laws Amendment (Income Tax Consolidation Integrity) Act 2018.

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. 28 March 2018 2. Schedule 1, Parts 1, 2 and 3 The first 1 January, 1 April, 1 July or 1 October to occur after the day this Act receives the Royal Assent. 1 April 2018 3. Schedule 1, Part 4 Immediately after the commencement of the provisions covered by table item 2. 1 April 2018 4. Schedule 1, Parts 5 to 8 The first 1 January, 1 April, 1 July or 1 October to occur after the day this Act receives the Royal Assent. 1 April 2018