Senate
Income Tax Assessment Bill 1965.
Income Tax Assessment Act 1965
Explanatory Memorandum
(Circulated by authority of the Minister representing the Treasurer, Senator, The Hon. N.H.D. Henty).INCOME TAX ASSESSMENT BILL 1965.
The following schedule supplements the schedule of clauses at page 92 of the Explanatory Memorandum to the original Bill as introduced into the House of Representatives. This schedule shows the changes that have been made to clause and sub-section numbers of that Bill in the amended Bill now before the Senate.
| Amended Bill | Original Bill | Subject | Clause of Bill | Section of Principal Act | Page of Minister's Notes | Clause of Bill | Section of Principal Act | Page of Treasurer's Notes | |||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Contributions to Superannuation Funds | *23 | 22 | 69 | ||||||||||
| *24 | 82AAG(8)(a) | 6-7 | 23 | 82AAG(8)(b) | 71 | ||||||||
| 82AAG(8)(b) | 82AAG(8)(c) | 71 | |||||||||||
| 82AAG(9) | 82AAG(8)(a) | 71 | |||||||||||
| 82AAG(10)-(13) | 82AAG(9)-(12) | 71-72 | |||||||||||
| 25-27 | 24-26 | 79-80 | |||||||||||
| Income of Superannuation Funds | *7(a) | 23(ja) | 2 | - | - | - | |||||||
| *9 | 23F(3) | 2-4 | - | - | - | ||||||||
| 23F(4)-(10) | 9 | 23F(3)-(9) | 27-30 | ||||||||||
| 23F(11)(a) | 23F(10)(b) | 30 | |||||||||||
| 23F(11)(b) | 23F(10)(c) | 30 | |||||||||||
| 23F(12) | 23F(10)(a) | 30 | |||||||||||
| 23F(13)-(18) | 23F(11)-(16) | 30-31 | |||||||||||
| *18 | 79(3) | 5-6 | - | - | - | ||||||||
| 79(4)-(6) | 17 | 79(3)-(5) | 51 | ||||||||||
| 79(7)(a) | 79(6)(b) | 51 | |||||||||||
| 79(7)(b) | 79(6)(c) | 51 | |||||||||||
| 79(8) | 79(6)(a) | 51 | |||||||||||
| 79(9)-(23) | 79(7)-(21) | 51-56 | |||||||||||
| *30 | 121BA(4) | 7 | - | - | - | ||||||||
| Losses Incurred by Companies | 20-22 | 19-21 | 58-60 | ||||||||||
| 42 | 40 | 88 | |||||||||||
| Change in Name of Tax on Income | 31 | 29 | 81 | ||||||||||
| 34 | 32 | 85 | |||||||||||
| 35 | 33 | 85 | |||||||||||
| 37-41 | 35-39 | 87-88 | |||||||||||
| 43 | 41 | 89 | |||||||||||
| Cost of Converting plant for use with Decimal Currency | *15 | 53F | 7-9 | - | - | ||||||||
| *16 | 9-12 | 15 | 41 | ||||||||||
| 32-33 | 30-31 | 81-85 | |||||||||||
| Exemptions for Members of Defence Force | 7(b) | 7(a) | 19 | ||||||||||
| 7(c) | 7(b) | 19 | |||||||||||
| 19 | 18 | 56 | |||||||||||
| Other provisions | 17 | 16 | 45 | ||||||||||
| 28-29 | 27-28 | 80 | |||||||||||
| 36 | 34 | 86 | |||||||||||
| *44(1) | 12-13 | 42(1) | 89 | ||||||||||
| 44(2) | 42(2) | 89 | |||||||||||
| *44(3) | 7 | 42(3) | 89 | ||||||||||
| *44(4) | 9 | - | - | ||||||||||
| *44(5) | 13 | - | - | ||||||||||
| *44(6) | 13 | - | - | ||||||||||
| 44(7) | 42(4) | 89 | |||||||||||
| * The principal amendments to the original Bill have been made in the clauses indicated. | |||||||||||||