Document ID: chunk:federal_register_of_legislation:C2011C00519:front:0
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Tax Laws Amendment (2007 Measures No. 5) Act 2007

Act No. 164 of 2007 as amended

This compilation was prepared on 8 July 2011
taking into account amendments up to Act No. 41 of 2011

The text of any of those amendments not in force
on that date is appended in the Notes section

The operation of amendments that have been incorporated may be
affected by application provisions that are set out in the Notes section

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

Contents
1 Short title [see Note 1]...........................
2 Commencement
3 Schedule(s)
4 Amendment of assessments

Schedule 1—Tax preferred entities (asset financing)

Part 1—Main amendments
Income Tax Assessment Act 1997

Part 2—Consequential amendments
Development Allowance Authority Act 1992
Income Tax Assessment Act 1936
Income Tax Assessment Act 1997
Taxation Administration Act 1953

Part 3—Application

Schedule 2—Thin capitalisation: excluded equity interests
Income Tax Assessment Act 1997

Schedule 3—Thin capitalisation: groups containing certain ADIs
Income Tax Assessment Act 1997

Schedule 4—Extending the CGT small superannuation funds roll‑over on marriage breakdown
Income Tax Assessment Act 1997

Schedule 5—Prime Minister's Prizes
Income Tax Assessment Act 1997

Schedule 6—Removal of the same business test cap

Part 1—Main amendments
Income Tax Assessment Act 1997

Part 2—Consequential amendments
Income Tax Assessment Act 1997

Part 3—Application

Schedule 7—Statutory licences

Part 1—Main amendments
Income Tax Assessment Act 1997
Income Tax (Transitional Provisions) Act 1997

Part 2—Consequential and other amendments
Income Tax Assessment Act 1997
Income Tax (Transitional Provisions) Act 1997

Part 3—Application

Schedule 8—Australian property trusts and stapled securities

Part 1—Main amendments
Income Tax Assessment Act 1936
Income Tax Assessment Act 1997

Part 2—Consequential amendments
Income Tax Assessment Act 1997

Part 3—Application

Schedule 9—Deductible gift recipients
Income Tax Assessment Act 1997

Schedule 10—Streamlining concessions for Australian films and Australian film production

Part 1—Main amendments
Income Tax Assessment Act 1997

Part 2—Consequential and other amendments
Income Tax Assessment Act 1936
Income Tax Assessment Act 1997

Part 3—Repeal of Divisions 10B and 10BA
Income Tax Assessment Act 1936
Income Tax Assessment Act 1997
Income Tax (Transitional Provisions) Act 1997

Part 4—Application and saving provisions

Schedule 11—Research and development

Part 1—Amendment of the Income Tax Assessment Act 1936

Part 2—Amendment of the Industry Research and Development Act 1986

Part 3—Application and transitional provisions

Schedule 12—Innovation Australia

Part 1—Main amendments
Industry Research and Development Act 1986
Pooled Development Funds Act 1992

Part 2—Consequential amendments
Income Tax Assessment Act 1936
Income Tax Assessment Act 1997
Venture Capital Act 2002

Part 3—Transitional provisions

Notes
An Act to amend the law relating to taxation, and for related purposes