Commonwealth Numbered Acts

NEW BUSINESS TAX SYSTEM (CONSOLIDATION AND OTHER MEASURES) ACT 2003 NO. 16, 2003

TABLE OF PROVISIONS

           Long Title

   1.      Short title  
   2.      Commencement  
   3.      Schedule(s)  
   4.      Amendment of income tax assessments  
           SCHEDULE 1 - Consolidation: amendments of various cost base provisions
           SCHEDULE 2 - Consolidation: beneficial ownership
           SCHEDULE 3 - Consolidation: technical amendment of membership rules
           SCHEDULE 4 - Consolidation: adjustments for errors etc.
           SCHEDULE 5 - Consolidation: imputation rules
           SCHEDULE 6 - Consolidation: life insurance companies
           SCHEDULE 7 - Consolidation: interactions between Consolidation rules and other rules
           SCHEDULE 8 - Consolidation: various provisions about CFCs, FIFs and FLPs
           SCHEDULE 9 - Consolidation: foreign dividend accounts
           SCHEDULE 10 - Consolidation: offshore banking units
           SCHEDULE 11 - Consolidation: application of rules to MEC groups
           SCHEDULE 12 - Consolidation: MEC group cost setting rules
           SCHEDULE 13 - Consolidation: MEC groups and losses
           SCHEDULE 14 - Consolidation: liability rules
           SCHEDULE 15 - Consolidation: general application provision
           SCHEDULE 16 - Consolidation: transitional foreign-held membership structures
           SCHEDULE 17 - Consolidation: transitional cost setting rule relating to roll-overs
           SCHEDULE 18 - Consolidation: extra transitional provision for foreign tax credits
           SCHEDULE 19 - Consolidation: amendment of losses rules
           SCHEDULE 20 - Consolidation: transfers of losses involving financial corporations
           SCHEDULE 21 - Consolidation: CGT events relating to various cost base provisions
           SCHEDULE 22 - Consolidation: thin capitalisation
           SCHEDULE 23 - Consolidation: research and development
           SCHEDULE 24 - Consolidation: pay as you go (PAYG) instalments
           SCHEDULE 25 - Value shifting
           SCHEDULE 26 - Loss integrity rules: global method of valuing assets
           SCHEDULE 27 - Venture capital franking
           SCHEDULE 28 - Machinery provisions for simplified imputation system
           SCHEDULE 29 - Consequential amendments relating to the simplified imputation system
           SCHEDULE 30 - The effect of a cum dividend sale or securities lending arrangement under the simplified imputation system