- Date
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22 Jun 2006
- Chamber
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House of Representatives
- Status
-
Act
-
Portfolio
-
Treasury
- Summary
-
Amends the:
Income Tax Assessment Act 1997
to extend the marriage breakdown capital gains tax (CGT) roll-over to assets transferred under a binding financial agreement or an arbitral award; Income Tax (Transitional Provisions) Act 1997
to clarify the interaction of the consolidation regime with the demerger rules; Income Tax Assessment Act 1936
and Income Tax Assessment Act 1997
to amend the simplified imputation system to ensure that Australian companies receive franking credits attached to non-assessable non-exempt distributions from New Zealand companies; and Financial Corporations (Transfer of Assets and Liabilities) Act 1993
, Income Tax Assessment Act 1936
, Income Tax Assessment Act 1997
and Income Tax (Transitional Provisions) Act 1997
in relation to the CGT treatment of foreign residents.