Document ID: chunk:federal_register_of_legislation:C2025C00014:schedule:2d
Version: federal_register_of_legislation:C2025C00014
Segment Type: schedule
Provision Reference: sch 2D
Character Range: 2131952–2134786

Schedule 2D—Tax exempt entities that become taxable
Division 57—Tax exempt entities that become taxable
Guide to Division 57
57‑1......................What this Division is about
Subdivision 57‑A—Key concepts
57‑5...............Entities to which this Division applies
Subdivision 57‑B—Predecessors of the transition taxpayer
57‑10Activities of transition taxpayer's predecessor attributed to transition taxpayer
Subdivision 57‑C—Time when income derived
57‑15.....................Time when income derived
Subdivision 57‑D—Time when losses and outgoings incurred
57‑20.............Time when losses and outgoings incurred
Subdivision 57‑E—Assets and liabilities
57‑25.....Deemed disposal and re‑acquisition of assets
57‑30..Deemed cessation and re‑assumption of liabilities
57‑32Division 230 financial arrangements—market value of assets and rights
57‑33Division 230 financial arrangements—transition taxpayer's right to receive or obligation to provide payment
57‑35.............................Interpretation
Subdivision 57‑F—Superannuation deductions
57‑40.Contributions under defined benefit superannuation schemes
57‑45Deduction for surplus to meet defined benefit superannuation scheme liabilities
57‑50.......................Contributions generally
57‑52Section 57‑50 does not apply if there is a surplus at transition time
57‑55Deductions reduced under both sections 57‑40 and 57‑50
Subdivision 57‑G—Denial of certain deductions
57‑60Effect of pre‑transition time accrued leave entitlements
57‑65........................Treatment of bad debts
57‑70Treatment of superannuation lump sums and employment termination payments
Subdivision 57‑H—Domestic losses
57‑75............................Domestic losses
Subdivision 57‑J—Capital allowances and certain other deductions
57‑85What are the modified deduction rules and corresponding deduction provisions?
57‑90Post‑transition deductions—assume that the transition taxpayer had never been exempt
57‑95.....Amount of deduction not allowable for transition year
57‑100..............No elections etc. before transition time
57‑105..............Special rules for mining and quarrying
Subdivision 57‑K—Balancing adjustments
57‑110............Apportionment of balancing adjustments
Subdivision 57‑L—Trading stock
57‑115.............Modification of trading stock provisions
Subdivision 57‑M—Imputation
57‑120........Cancellation of franking surplus, credit or debit
57‑125..............................Subsidiary
Subdivision 57‑N—Division not applicable in respect of certain plant
57‑130Plant or depreciating assets covered by Subdivision 58‑B of the Income Tax Assessment Act 1997
Subdivision 57‑P—Balancing adjustment on ceasing to have a Division 230 financial arrangement
57‑135Balancing adjustment on ceasing to have a Division 230 financial arrangement referred to in section 57‑32