Document ID: chunk:federal_register_of_legislation:C2010C00578:front:0:p1
Version: federal_register_of_legislation:C2010C00578
Segment Type: other
Provision Reference: 
Character Range: 0–3142

Taxation Laws Amendment Act (No. 5) 2003

Act No. 142 of 2003 as amended

This compilation was prepared on 16 August 2010
taking into account amendments up to Act No. 75 of 2010

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)

Schedule 1—Thin Capitalisation: amendments taking effect on 1 July 2001

Part 1—Application of amendments

Part 2—Exemption of certain special purpose entities
Income Tax Assessment Act 1997

Part 3—Choice by some financial entities to be treated as ADIs for thin capitalisation purposes
Income Tax Assessment Act 1997

Part 4—Revaluing assets for thin capitalisation purposes
Income Tax Assessment Act 1997
Income Tax Assessment Act 1936

Part 5—Arrangements for borrowing securities
Income Tax Assessment Act 1997

Part 6—Definition of financial entity
Income Tax Assessment Act 1997

Part 7—Cost‑free debt capital
Income Tax Assessment Act 1997

Part 8—Associate entity debt
Income Tax Assessment Act 1997

Part 9—Debt deductions for borrowing expenses
Income Tax Assessment Act 1997

Part 10—Foreign controlled Australian partnerships
Income Tax Assessment Act 1997

Part 11—Arm's length debt amount
Income Tax Assessment Act 1997

Part 12—Maximum allowable debt
Income Tax Assessment Act 1997

Part 13—Non‑debt liabilities
Income Tax Assessment Act 1997

Schedule 2—Thin Capitalisation: amendments taking effect on 1 July 2002

Part 1—Application of amendments

Part 2—Records about Australian permanent establishments
Income Tax Assessment Act 1997
Income Tax Assessment Act 1936

Part 3—Equity interests excluded in working out safe harbour debt amount
Income Tax Assessment Act 1997

Part 4—Adjusted average equity capital for grouping purposes
Income Tax Assessment Act 1997

Part 5—Disallowed deductions not included in cost base of a CGT asset
Income Tax Assessment Act 1997
Taxation Laws Amendment Act (No. 7) 2000

Part 6—Premium excess amount
Income Tax Assessment Act 1997

Part 7—Attributable safe harbour excess amount
Income Tax Assessment Act 1997

Schedule 3—Thin Capitalisation: amendments taking effect on 1 July 2003

Part 1—Definition of equity capital and related concepts
Income Tax Assessment Act 1997

Part 2—Assets and liabilities
Income Tax Assessment Act 1997

Schedule 4—Foreign dividend accounts
Income Tax Assessment Act 1936

Schedule 5—FBT exemption for public hospitals
Fringe Benefits Tax Assessment Act 1986

Schedule 6—Reducing tax on excessive ETPs

Part 1—Main amendments
Income Tax Rates Act 1986
Superannuation Contributions Tax (Assessment and Collection) Act 1997
Superannuation Contributions Tax (Members of Constitutionally Protected Superannuation Funds) Assessment and Collection Act 1997

Part 2—Technical correction
Income Tax Rates Act 1986

Schedule 7—Application of same