Commonwealth Numbered Acts

TAXATION LAWS AMENDMENT ACT (NO. 3) 1992

TABLE OF PROVISIONS

           Long Title

   1.      Short title  
   2.      Commencement  
   3.      Principal Act  
   4.      Interpretation  
   5.      Application of amendments  
   6.      Expenditure on research and development activities  
   7.      Application of amendment  
   8.      Interpretation  
   9.       
   10.     Transfer of loss within company group  
   11.      
   12.     Liability to withholding tax  
   13.     Interpretation  
   14.     Receipt of franked dividends  
   15.     Extra amount to be included in assessable income where franked dividend paid  
   16.     Transfer of shareholder status for tax purposes - cum-dividend stock exchange sales and securities lending arrangements  
   17.     Net capital gains and net capital losses  
   18.     Return of capital on investment in trust  
   19.     Transfer of net capital loss within company group  
   20.     Application of amendments  
   21.     Interpretation  
   22.     Bad debts  
   23.     Bad debts etc. of company not allowable deductions unless there is substantial continuity of beneficial ownership of shares in company  
   24.     Bad debts etc. of company not allowable deductions in certain circumstances  
   25.     Bad debts etc. of a company may be allowable deductions where company carries on same business  
   26.     Bad debts etc. of money-lenders not allowable deductions where attributable to listed country branches  
   27.      
   28.     Loss resulting from bad debt etc. not to be taken into account in certain circumstances  
   29.     Interpretation  
   30.     Modified application of bad debt etc. provisions  
   31.     Application of amendments (Part-debt write offs)  
   32.     Division not to apply to certain interest  
   33.     Liability to withholding tax  
   34.      
   35.     Return of capital on investment in trust  
   36.     Application of Division  
   37.      
   38.     Application of amendments relating to depreciation of property installed on leased Crown land (Definitions)  
   39.     Interpretation  
   40.     Qualifying expenditure  
   41.     Deductions in respect of capital expenditure  
   42.     Reduction of deductions  
   43.     Deduction in respect of destruction of building  
   44.     Qualifying expenditure  
   45.     Keeping of records  
   46.     Application of amendments relating to deductions for traveller accommodation  
   47.     Interpretation  
   48.      
   49.     Deductions in respect of qualifying expenditure  
   50.     Reduction of deductions  
   51.     Deduction in respect of destruction of building  
   52.     Keeping of records  
   53.     Heading to Division 10D of Part III  
   54.     Interpretation  
   55.     Qualifying expenditure  
   56.      
   57.     Application of amendments relating to structural improvements  
   58.     Officers to observe secrecy  
   59.     Deductions not allowable for entertainment expenses  
   60.     Special depreciation on trading ships  
   61.     Heading to Subdivision B of Division 3 of Part III  
   62.      
   63.     Property to which Subdivision applies  
   64.     Deduction for new plant installed after 26 February 1992  
   65.     Lessor may transfer benefit of deduction to lessees  
   66.     Subdivision not to apply to certain structural improvements  
   67.     Subdivision not to apply to certain other property  
   68.     Disposal etc. of property within 12 months after installation etc.  
   69.     Disposal etc. of property after 12 months after installation etc.  
   70.     Goods or services used to produce exempt income  
   71.     Notional disposal of property under hire-purchase  
   72.     Special provisions relating to partnerships  
   73.     Disposals within company group  
   74.     Property acquired etc. in substitution for other property  
   75.     Deduction under Subdivision to be in addition to certain other deductions  
   76.     Repeal of section 82AP  
   77.      
   78.     Interpretation  
   79.     Minor consequential amendments  
   80.     Transitional - old investment allowance provisions  
   81.     Amendment of assessments  
   82.     Principal Act  
   83.     Interpretation  
   84.     Rates of tax payable by companies  
   85.     Application of amendments  
   86.     Principal Act  
   87.     Notification of determinations  
   88.     Amendment of interim determinations  
   89.     Person may request copy of previous determination  
   90.     Review of certain decisions  
   91.      
   92.     Principal Act  
   93.     Annual report  
   94.     Secrecy  
   95.      
   96.     Interpretation  
   97.     Court may order payment of amount in addition to penalty  
   98.     Provision of Commonwealth taxation information to State taxation authorities  
   99.     Certification by State taxation officer of copies of, and extracts from, documents  
   100.    Appearance by Commissioner etc.  
   101.    Certification by Commissioner of copies of, and extracts from, documents  
   102.    Principal Act  
   103.    Transitional - section 58 of the amended Act  
   104.    Application of amendments