Document ID: chunk:federal_register_of_legislation:C2004C00927:front:0:p1
Version: federal_register_of_legislation:C2004C00927
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Tax Law Improvement Act 1997

Act No. 121 of 1997 as amended

This compilation was prepared on 19 August 2003

[This Act was amended by Act No. 57 of 2002]

Amendments from Act No. 57 of 2002
[Schedule 12 (item 65) amended Heading to Item 69 of Schedule 6
Schedule 12 (item 83) repealed Item 15 of Schedule 4
Schedule 12 (item 65) commenced on 1 July 1997
Schedule 12 (item 83) commenced on 3 July 2002]

Prepared by the Office of Legislative Drafting,
Attorney‑General's Department, Canberra

Contents
1 Short title
2 Commencement
3 Schedule(s)
4 Application of amendments

Schedule 1—Amendment of the Income Tax Assessment Act 1997

Schedule 2—Assessable income

Part 1—Amendment of the Income Tax (Transitional Provisions) Act 1997

Part 2—Consequential amendment of the Income Tax Assessment Act 1997

Part 3—Consequential amendment of the Income Tax Assessment Act 1936

Part 4—Consequential amendments of other Acts
Financial Corporations (Transfer of Assets and Liabilities) Act 1993

Schedule 3—Exempt income

Part 1—Amendment of the Income Tax (Transitional Provisions) Act 1997

Part 2—Consequential amendment of the Income Tax Assessment Act 1997

Part 3—Consequential amendment of the Income Tax Assessment Act 1936

Part 4—Consequential amendments of other Acts
Australian Industry Development Corporation Act 1970
Australian National Railways Commission Act 1983
Australian Postal Corporation Act 1989
Australian Trade Commission Act 1985
Development Allowance Authority Act 1992
Export Finance and Insurance Corporation Act 1991
Federal Airports Corporation Act 1986
Health Insurance Commission Act 1973
Legislative Instruments Act 1997
National Rail Corporation Agreement Act 1992
Social Security Act 1991
Superannuation Guarantee (Administration) Act 1992

Schedule 4—Deductions

Part 1—Amendment of the Income Tax (Transitional Provisions) Act 1997

Part 2—Consequential amendment of the Income Tax Assessment Act 1997

Part 3—Consequential amendment of the Income Tax Assessment Act 1936

Part 4—Consequential amendments of other Acts
Fringe Benefits Tax Assessment Act 1986

Schedule 5—Trading stock (and some related matters)

Part 1—Amendment of the Income Tax (Transitional Provisions) Act 1997

Part 2—Consequential amendment of the Income Tax Assessment Act 1997

Part 3—Consequential amendment of the Income Tax Assessment Act 1936

Part 4—Consequential amendments of other Acts
Cattle Transaction Levy Act 1995
Financial Corporations (Transfer of Assets and Liabilities) Act 1993

Schedule 6—Depreciation

Part 1—Amendment of the Income Tax (Transitional Provisions) Act 1997

Part 2—Consequential amendment of the Income Tax Assessment Act 1997

Part 3—Consequential amendment of the Income Tax Assessment Act 1936

Part 4—Consequential amendments of other Acts
Bounty and Capitalisation Grants (Textile Yarns) Act 1981
Income Tax Rates Act 1986
Sales Tax Assessment Act 1992
Social Security Act 1991
Student and Youth Assistance Act 1973
Veterans' Entitlements Act 1986

Schedule 7—Leased cars

Part 1—Amendment of the Income Tax (Transitional Provisions) Act 1997

Part 2—Consequential amendment of the Income Tax Assessment