Document ID: chunk:federal_register_of_legislation:C2010C00679:front:0:p1
Version: federal_register_of_legislation:C2010C00679
Segment Type: other
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Character Range: 0–3366

Taxation Laws Amendment Act (No. 5) 1992
Act No. 224 of 1992 as amended
This compilation was prepared on 23 September 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

TABLE OF PROVISIONS

PART 1 - PRELIMINARY
Section
    1.    Short title [see Note 1]
    2.    Commencement [see Note 1]
PART 2 - AMENDMENT OF THE INCOME TAX ASSESSMENT ACT 1936
Division 1 - Principal Act
    3.    Principal Act
Division 2 - Amendments to improve the readability of the capital
gains tax provisions
    4.    Heading to Division 1 of Part IIIA
    5.    Insertion of new Subdivision and heading:
          Subdivision A - Object, simplified outline, example and index
          160AX.    Object
          160AY.    Simplified outline of scheme of Part
          160AZ.    Example of how this Part works
          160AZA.   Index of key concepts
          Subdivision B - Interpretation
Division 3 - Amendments relating to tax-deductible gifts
    6.    Re-location of subsection 51(7A) of the Principal Act
          (contributions to registered political parties)
    7.    Gifts, pensions etc.
    8.    Register of Cultural Organisations
    9.    Insertion of new section:
          78AB.     Register of Environmental Organisations
Division 4 - Amendments relating to provisional tax
   10.    Interpretation
   11.    Uplifted provisional tax amount
   12.    Additional tax where income under-estimated or where PAYE
          deductions over-estimated
   13.    Application
Division 5 - Amendments to increase zone rebates and related rebates
   14.    Income of certain persons serving with an armed force under the
          control of the United Nations
   15.    Rebates for residents of isolated areas
   16.    Rebates for members of Defence Force serving overseas
   17.    Application
Division 6 - Amendments relating to disposals and redemptions of
traditional securities
   18.    Redemption of special bonds redeemable at a premium
   19.    Deduction for loss on disposal or redemption of traditional
          securities
   20.    Exemption of certain gains or losses
   21.    Application
   22.    Transitional - subsection 70B(5) of the amended Act
Division 7 - Amendments relating to live stock
   23.    Repeal of section and substitution of new sections:
          32.       Live stock other than horse breeding stock - value at
                    end of year of income
          32A.      Horse breeding stock - value at end of year of income
   24.    Application
Division 8 - Amendments to allow deductions for environment
protection expenditure
   25.    Insertion of new Subdivision:
          Subdivision CA - Deductions for environment protection expenditure
          82BH.     Objects of Subdivision
          82BJ.     Interpretation
          82BK.     Deduction of allowable environment protection
                    expenditure
          82BL.     Allowable environment protection expenditure
          82BM.     Eligible environment protection activity
          82BN.     No deduction for