Document ID: chunk:federal_register_of_legislation:C2010C00679:section:1953:p11
Version: federal_register_of_legislation:C2010C00679
Segment Type: section
Provision Reference: s 1953 (pt 11/14)
Character Range: 163461–165934

exploration permit or retention lease.".

TAXATION LAWS AMENDMENT ACT (No. 5) 1992 No. 224 of 1992
- SECT 119
Rule - person must have held interests in relation to transferring
entity and receiving project

  119. Clause 22 of the Schedule to the Principal Act is amended:
  (a) by inserting in subclause (1) "(2A)," after "(2),";
  (b) by inserting after subclause (2) the following subclause:
  "(2A) Subclause (1) does not require the person to have held an interest in
relation to the transferring entity at a time after the finishing day in
relation to the transferring entity.".

TAXATION LAWS AMENDMENT ACT (No. 5) 1992 No. 224 of 1992
- SECT 120
Rule - loss company and profit company to have held interests and been
group companies

  120. Clause 31 of the Schedule to the Principal Act is amended:
  (a) by inserting in subclause (1) "(2A)," after "(2),";
  (b) by inserting after subclause (2) the following subclause:
  "(2A) Subclause (1) does not require the loss company to have held an
interest in relation to the transferring entity at a time after the finishing
day in relation to the transferring entity.".

PART 6 - AMENDMENT OF THE TAXATION ADMINISTRATION ACT 1953

Division 1 - Principal Act

TAXATION LAWS AMENDMENT ACT (No. 5) 1992 No. 224 of 1992
- SECT 121
Principal Act

  121. In this Part, "Principal Act" means the Taxation Administration Act
1953.*5*
*5* No. 1, 1953, as amended.  For previous amendments, see Nos. 28, 39, 40 and
52, 1953; No. 18, 1955; No. 39, 1957; No. 95, 1959; No. 17, 1960; No. 75,
1964; No. 155, 1965; No. 93, 1966; No. 120, 1968; No. 216, 1973; No. 133,
1974; No. 37, 1976; Nos. 19 and 59, 1979; Nos. 39 and 117, 1983; No. 123,
1984; No. 65, 1985 (as amended by No. 193, 1985); Nos. 4, 47, 104, 123 and
168, 1985; Nos. 41, 46, 48, 112, 144 and 154, 1986; No. 49, 1986 (as amended
by No. 141, 1987); Nos. 120 and 145, 1987; No. 62, 1987 (as amended by No.
108, 1987); No. 108, 1987 (as amended by No. 138, 1987); No. 138, 1987 (as
amended by No. 11, 1988); Nos. 95 and 97, 1988; Nos. 97, 105, 107, 124, 163
and 167, 1989; Nos. 20, 60, 61, 110, 119 and 136, 1990; Nos. 5, 6, 48, 100,
122 and 216, 1991; and Nos. 47, 92, 98 and 101, 1992.

Division 2 - Amendment relating to methods of payment of tax liabilities
etc.

TAXATION LAWS AMENDMENT ACT (No. 5) 1992 No. 224 of 1992
- SECT 122

  122. After section 16 of the Principal Act the following section is
inserted:
Regulations may provide for methods of payment of tax