Commonwealth Numbered Acts

INCOME TAX ASSESSMENT ACT (NO. 2) 1974

TABLE OF PROVISIONS

   1.      Short title.  
   2.      Commencement.  
   3.      Interpretation.  
   4.      Continental shelf to be treated as part of Australia for certain purposes.  
   5.      Partial exemption of income from certain mining operations.  
   6.       
   7.       
   8.       
   9.       
   10.     Export market development allowance.  
   11.     Depreciation.  
   12.     Basis of depreciation.  
   13.     Moneys paid on shares for the purposes of certain exploration, prospecting or mining.  
   14.     Deductions for dependants.  
   15.     Education expenses.  
   16.     Expenses of self-education.  
   17.      
   18.      
   19.     Deductions in relation to calculated liabilities.  
   20.     Co-operative companies.  
   21.     Interpretation  
   22.     Allowable capital expenditure.  
   23.     Residual capital expenditure.  
   24.     Deduction of expenditure.  
   25.     Election to deduct expenditure in year in which incurred.  
   26.     Election to deduct expenditure on housing and welfare over 5 years.  
   27.     Deductions of appropiations.  
   28.     Exploration and prospecting expenditure.  
   29.      
   30.     Application of Division.  
   31.     Deduction of expenditure.  
   32.      
   33.      
   34.     Rebate in case of disposal of assets of a business of primary production.  
   35.      
   36.     Rebate for export market development expenditure.  
   37.     Interpretation.  
   38.     Credits in respect of tax paid in Papua New Guinea.  
   39.     Amendment of assessments.  
   40.     Amount of provisional tax.  
   41.     Provisional tax on estimated income.  
   42.     Penalty where income under-estimated.  
   43.     Release of taxpayers in cases of hardship.  
   44.     Transitional provision in relation to partial exemption of income from certain mining operations.  
   45.     Transitional provision in relation to purchase of prospecting or mining rights or information.  
   46.     Calculation of provisional tax for year of income that commenced on 1 July 1974.