Commonwealth Numbered Acts

CLEAN ENERGY LEGISLATION (CARBON TAX REPEAL) ACT 2014 (NO. 83, 2014) - SCHEDULE 3

Clean Energy (Consequential Amendments) Act 2011

1  Subsection 2(1) (table item 6)

Repeal the item.

2  Part 3 of Schedule 2

Repeal the Part.

Income Tax Assessment Act 1997

3  Section 67-23 (table item 24)

Repeal the item.

4  Subdivision 385-J

Repeal the Subdivision.

5  Subsection 995-1(1) (definition of eligible no-till seeder )

Repeal the definition.

6  Application of amendments

The amendments made by this Schedule apply to assessments for the 2014-15 income year and later income years.

Note:       The provisions of the Income Tax Assessment Act 1997 repealed by this Schedule will continue to apply to assessments for the 2012-13 and 2013-14 income years.

7  Transitional--timing relating to 2013-14 income year

The following provisions of the Income Tax Assessment Act 1997 :

                     (a)  subparagraph 385-175(1)(e)(ii);

                     (b)  subparagraph 385-190(1)(c)(ii);

apply for the purposes of assessments for the 2013-14 income year as if those provisions referred to 30 June 2014 rather than 30 June 2015.