House of Representatives
New Business Tax System (Consolidation and Other Measures) (No. 2) Bill 2002
New Business Tax System (Venture Capital Deficit Tax) Bill 2003
Explanatory Memorandum
(Circulated by authority of the Treasurer, the Hon Peter Costello, MP)Index
New Business Tax System (Consolidation and Other Measures) Bill (No. 2) 2002
| Bill reference | Paragraph number |
|---|---|
| Clause 2 | 13.26 |
Schedule 1: Consolidation: amendments of various cost base provisions
| Bill reference | Paragraph number |
|---|---|
| Items 1 and 2, subsections 705-155(2) and (3) and section 705-230 | 5.56 |
| Item 1, subsection 705-155(4) | 5.57 |
| Item 1, subsection 705-155(5) | 5.58 |
| Item 1, subsection 705-155(6) | 5.59 |
| Item 3 | 5.117 |
| Item 4, subsection 705-90(3) | 5.115 |
| Items 5 to 8 | 5.117 |
| Items 9 and 10, subsections 705-160(1) and 705-235(1) | 5.62 |
| Items 9 and 10, subsections 705-160(2) and 705-235(2) | 5.67 |
| Items 9 and 10, subsections 705-160(3) and 705-235(3) | 5.68 |
| Items 9 and 10, paragraphs 705-160(2)(a) and (b) and 705-235(2)(a) | 5.66 |
| Items 9 and 10, subsections 705-160(4) and 705-235(4) | 5.70 |
| Items 9 and 10, subsections 705-160(5) and 705-235(5) | 5.71 |
| Items 9 and 10, paragraphs 705-160(4)(a), (b) and (c) and 705-235(4)(a) and (b) | 5.69 |
| Item 11, section 705-60, item 3A in the table | 5.46 |
| Item 12 | 5.52 |
| Item 13 | 5.138 |
| Item 14, subsection 705-93(1) | 5.46 |
| Item 14, subsection 705-93(2) | 5.47 |
| Items 15 and 22, subsections 705-147(2) and (5) and 705-227(2) and (5) | 5.51 |
| Items 15 and 22, subsections 705-147(3) and 705-227(3) | 5.50 |
| Items 16 to 20, section 705-150 | 5.52 |
| Item 21 | 5.138 |
| Item 23, subsection 701-25(4) | 5.101 |
| Item 24, subsection 701-45(3) | 5.96 |
| Item 25, subparagraph 701-75(3)(a)(ii) | 5.101 |
| Item 26, subsections 705-150(3) and (4) | 5.97 |
| Item 27, subsections 701-30(1) and (2) | 5.89 |
| Items 28 and 29, paragraph 701-20(5)(c) | 5.73 |
| Items 30 to 36, sections 701-5, 701-15, 701-20 and 701-25 | 5.102 |
Schedule 2: Consolidation: beneficial ownership
| Bill reference | Paragraph number |
|---|---|
| Item 1, section 703-33 | 12.12 |
Schedule 3: Consolidation: technical amendment of membership rules
| Bill reference | Paragraph number |
|---|---|
| Item 1, subparagraph 703-50(3)(b)(i) | 12.25 |
Schedule 4: Consolidation: adjustments for errors etc
| Bill reference | Paragraph number |
|---|---|
| Item 1, section 705-245 | 5.112 |
| Item 2, section 705-305 | 5.18, 5.22 |
| Item 2, section 705-310 | 5.27 |
| Item 2, subsections 705-315(1) and 705-320(1) | 5.23 |
| Item 2, subsection 705-315(2) | 5.19 |
| Item 2, subsection 705-315(3) | 5.19 |
| Item 2, subsection 705-315(4) | 5.19 |
| Item 2, subsection 705-315(5) | 5.19 |
| Item 2, subsection 705-315(6) | 5.34 |
| Item 2, subsection 705-320(2) | 5.25 |
| Items 3 and 5, sections 104-5 and 110-10 | 5.113 |
| Item 4, subsection 104-525(1) | 5.28 |
| Item 4, subsection 104-525(2) | 5.29 |
| Item 4, subsections 104-525(3) and (4) | 5.30 |
| Item 4, subsections 104-525(5) and (6) | 5.33 |
| Item 4, subsection 104-530(1) | 5.37 |
| Item 4, subsection 104-530(2) | 5.40 |
| Item 4, subsection 104-530(3) | 5.38 |
| Item 4, subsections 104-530(4) and (5) | 5.39 |
| Items 6 and 7, subsection 995-1(1) | 5.114 |
| Items 8, 9 and 10, subsection 8W(1C) and subsections 284-80(2) and 284-150(3) of Schedule 1 to the TAA 1953 | 5.109, 5.110 |
Schedule 6: Consolidation: life insurance companies
| Bill reference | Paragraph number |
|---|---|
| Item 1, section 713-500 | 1.9 |
| Item 1, section 713-505 | 1.11 |
| Item 1, subsection 713-510(2) | 1.23 |
| Item 1, paragraph 713-515(1)(a) | 1.34 |
| Item 1, paragraph 713-515(1)(b) | 1.39 |
| Item 1, paragraph 713-515(1)(c) | 1.48 |
| Item 1, paragraph 713-515(2)(a) | 1.36, 1.43 |
| Item 1, paragraph 713-515(2)(b) | 1.37, 1.44 |
| Item 1, subsection 713-515(3) | 1.49 |
| Item 1, subsections 713-520(2) and (3) | 1.35 |
| Item 1, subsections 713-520(4) and (5) | 1.51 |
| Item 1, subsection 713-520(6) | 1.40, 1.45 |
| Item 1, section 713-530 | 1.57 |
| Items 1 to 3, section 713-525; notes to subsections 320-175(1) and 320-230(1) | 1.31 |
| Items 1 and 5, subsection 713-510(1); note to section 703-20 | 1.21 |
| Items 1 and 8, subsection 713-515(4) and the definition of 'net investment component of ordinary non-participating life insurance policies' in subsection 995-1(1) | 1.38 |
| Items 4, 6, 7 and 9, definition of 'retained cost base asset' in subsection 995-1(1), notes to section 701-60 and subsections 705-25(5) and 705-70(1) | 1.27 |
| Item 10, section 713-500 of the IT(TP) Act 1997 | 1.59 |
| Item 10, subsection 713-505(1) of the IT(TP) Act 1997 | 1.62 |
| Item 10, subsection 713-505(2) of the IT(TP) Act 1997 | 1.65 |
| Item 10, subsection 713-505(3) of the IT(TP) Act 1997 | 1.66 |
| Item 10, subsection 713-505(4) of the IT(TP) Act 1997 | 1.67 |
| Item 10, subsection 713-510(1) of the IT(TP) Act 1997 | 1.84 |
| Item 10, section 713-515 of the IT(TP) Act 1997 | 1.68, 1.86 |
| Item 10, subsection 713-520(1) of the IT(TP) Act 1997 | 1.64 |
| Item 10, paragraph 713-520(1)(a) of the IT(TP) Act 1997 | 1.63 |
| Item 10, subsection 713-520(2) of the IT(TP) Act 1997 | 1.64, 1.85 |
| Item 10, subsection 713-520(3) of the IT(TP) Act 1997 | 1.70, 1.87 |
| Item 10, section 713-525 of the IT(TP) Act 1997 | 1.71, 1.88 |
| Item 10, paragraph 713-530(1)(a) of the IT(TP) Act 1997 | 1.73 |
| Item 10, paragraph 713-530(1)(b) of the IT(TP) Act 1997 | 1.75 |
| Item 10, subsection 713-530(2) of the IT(TP) Act 1997 | 1.89 |
| Item 10, subsection 713-535(1) of the IT(TP) Act 1997 | 1.79, 1.93 |
| Item 10, subsection 713-535(2) of the IT(TP) Act 1997 | 1.74 |
| Item 10, subsection 713-535(3) of the IT(TP) Act 1997 | 1.76 |
| Item 10, subsection 713-535(4) of the IT(TP) Act 1997 | 1.77 |
| Item 10, subsection 713-535(5) of the IT(TP) Act 1997 | 1.91 |
| Item 10, section 713-540 of the IT(TP) Act 1997 | 1.80 |
| Item 10, section 713-545 of the IT(TP) Act 1997 | 1.78, 1.92 |
| Item 11, subsection 286-75(4) of Schedule 1 to the TAA 1953 | 1.81 |
| Item 11, paragraph 286-80(2)(c) of Schedule 1 to the TAA 1953 | 1.82 |
Schedule 7: Consolidation: interactions between Consolidation rules and other rules
| Bill reference | Paragraph number |
|---|---|
| Item 1, Subdivision 715-D | Table 11.1 |
| Item 1, paragraph 715-15(1)(a), sections 715-50, 715-55 and 715-60 | Table 11.1 |
| Item 1, paragraph 715-15(1)(b) | 11.37 |
| Item 1, paragraph 715-15(1)(b), sections 715-50 and 715-55 | Table 11.1 |
| Item 1, paragraph 715-15(1)(c), sections 715-50, 715-55 and 715-70 | Table 11.1 |
| Item 1, section 715-25 | 11.12 |
| Item 1, section 715-30 | 11.17 |
| Item 1, paragraphs 715-30(d) and (e) | 11.18 |
| Item 1, section 715-35 | 11.16 |
| Item 1, section 715-50 | Diagram 11.1 |
| Item 1, sections 715-50 and 715-55, Subdivision 715-D | Table 11.1 |
| Item 1, paragraphs 715-50(1)(d), 715-55(1)(d), 715-60(1)(d) and 715-70(2)(c) | 11.11 |
| Item 1, subsections 715-50(3) and 715-55(3) | 11.23 |
| Item 1, subsections 715-50(3), 715-55(3) and 715-70(1) | 11.35 |
| Item 1, section 715-55 | Diagram 11.1 |
| Item 1, section 715-60 | Diagram 11.1 |
| Item 1, subsection 715-60(1) | 11.26 |
| Item 1, subsection 715-60(2) | 11.27 |
| Item 1, section 715-70 | 11.32 |
| Item 1, section 715-80 | 11.45 |
| Item 1, section 715-85 | 11.48, 11.59 |
| Item 1, subsection 715-90(2) | 11.61 |
| Item 1, subsections 715-95(1) and (3) | 11.46 |
| Item 1, subsection 715-95(2) and paragraph 715-120(3)(b) | 11.42 |
| Item 1, subsection 715-95(3), sections 715-100, 715-105 and 715-110 | 11.49 |
| Item 1, subsections 715-120(1) and (3), sections 715-125, 715-130 and 715-135 | 11.56 |
| Item 1, subsection 715-130(5), sections 715-155 and 715-165 | 11.66 |
| Item 1, subsections 715-145(1) to (3) | 11.50 |
| Item 1, subsection 715-145(4) | 11.52 |
| Item 1, section 715-160 | 11.65, 11.66 |
| Item 1, sections 715-175 and 715-180 | 11.53 |
| Item 1, section 715-185 | 11.55 |
| Item 1, section 715-215 | 11.101 |
| Item 1, section 715-225 | 11.111 |
| Item 1, section 715-230 | 11.95 |
| Item 1, section 715-245 | Table 11.2 |
| Item 1, section 715-250 | Table 11.2 |
| Item 1, subsections 715-255(2) and 715-270(6) | Table 11.3 |
| Item 1, subsections 715-255(3) and 715-270(7) | Table 11.3 |
| Item 1, subsections 715-255(4), 715-255(5), 715-270(8) and 715-270(9) | 11.92 |
| Item 1, section 715-260 | Table 11.2 |
| Item 1, section 715-270 | Table 11.2 |
| Item 1, section 715-290 | 11.48, 11.59, 11.93 |
| Item 1, subsection 715-310(1) | 11.68 |
| Item 1, subsection 715-310(2) | 11.69 |
| Item 1, section 715-355 | 11.71 |
| Item 1, section 715-360 | 11.71 |
| Item 1, section 715-365 | 11.72 |
| Item 1, section 715-410 | 11.101 |
| Item 1, section 715-450 | 11.95 |
| Item 1, section 715-610 | 11.153 |
| Item 1, subsection 715-610(1) | 11.154 |
| Item 1, subsection 715-610(2) and section 715-615 | 11.156 |
| Item 1, section 715-620 | 11.165 |
| Item 2, section 715-75 | 11.74 |
| Item 2, section 719-700 | 11.78 |
| Item 2, subsection 719-700(2) | 11.80 |
| Item 2, subsections 719-705(1) to (3) | 11.78 |
| Item 2, section 719-720 | 11.116 |
| Item 2, subsection 719-720(2) | 11.118 |
| Item 2, subsections 719-725(1) to (3) | 11.116 |
| Item 2, subsections 719-725(4) | 11.116 |
| Item 2, sections 719-730 and 719-735 | 11.119 |
| Item 2, subsection 719-735(2) | 11.123 |
| Item 2, subsection 719-755(3) | 11.142 |
| Item 2, section 719-755 | 11.136 |
| Item 2, section 719-775 | 11.153 |
| Item 2, subsection 719-775(1) | 11.154 |
| Item 2, sections 719-780, 719-785 and 719-790 | 11.156 |
| Item 2, section 719-795 | 11.165 |
| Item 7 | 11.174 |
| Items 14 to item 29 | 11.175 |
| Item 15, subsection 995-1(1) | 11.17 |
| Item 21, subsection 995-1(1) | 11.16 |
| Items 22 and 23, subsection 995-1(1) | 11.27 |
Schedule 8: Consolidation: various provisions about CFCs, FIFs and FLPs
| Bill reference | Paragraph number |
|---|---|
| Item 2, section 717-227 | 7.77 |
| Item 3, subsection 717-230(4) | 7.83 |
| Item 3, subsection 717-230(5) and item 8, subsection 717-265(6) | 7.86 |
| Item 7, section 717-262 | 7.79 |
| Item 7, subsection 717-262(3) | 7.80 |
| Item 7, subsection 717-262(4) | 7.81 |
| Item 8, subsection 717-265(5) | 7.85 |
| Item 9, section 717-285 | 7.67 |
| Item 9, section 717-290 | 7.72 |
| Item 9, section 717-310 | 7.69 |
| Item 9, section 717-315 | 7.73 |
Schedule 9: Consolidation: foreign dividend accounts
| Bill reference | Paragraph number |
|---|---|
| Item 1, subsection 177EB(11) | 9.55 |
| Item 1, Subdivision 717-J | 7.14 |
| Item 1, section 717-510 | 7.15 |
| Item 1, subsection 717-520(2) | 7.32, 7.33 |
| Item 1, paragraph 717-510(2)(a) | 7.17 |
| Item 1, paragraph 717-510(2)(b) | 7.17 |
| Item 1, subsection 717-510(3) | 7.18 |
| Item 1, subsection 717-510(4) | 7.21 |
| Item 1, subparagraph 717-510(4)(a)(ii) | 7.22 |
| Item 1, section 717-515 | 7.27, 7.28 |
| Item 1, note 1(b) to section 717-515 | 7.29 |
| Item 1, note 2 to section 717-515 | 7.31 |
| Item 1, subsection 717-520(4) | 7.33 |
| Item 1, subsection 717-520(6) | 7.39, 7.40, 7.41 |
| Item 1, subsection 717-525(2) | 7.35 |
| Item 1, subsection 717-525(3) | 7.37 |
| Item 1, subsections 717-525(5) and (6) | 7.41 |
| Item 1, section 717-530 | 7.42 |
| Item 2, section 709-90 | 9.54 |
| Item 2, section 719-900 | 7.45 |
| Item 2, subsection 719-900(3) | 7.47 |
| Item 2, section 719-905 | 7.49 |
| Items 3 to 11 | 7.51 |
| Item 4, section 709-150 | 9.16 |
| Item 4, subsection 709-155(1) | 9.18 |
| Item 4, subsection 709-155(2) | 9.19 |
| Item 4, subsection 709-155(3) | 9.20 |
| Item 4, subsection 709-155(4) | 9.21 |
| Item 4, section 709-160 | 9.23 |
| Item 4, subsection 709-160(2) | 9.25, 9.26 |
| Item 4, subsection 709-160(2), item 1 in the table | Table 9.1 |
| Item 4, subsection 709-160(2), item 2 in the table | Table 9.1 |
| Item 4, subsection 709-160(2), item 3 in the table | Table 9.1 |
| Item 4, subsection 709-160(2), item 4 in the table | Table 9.1 |
| Item 4, section 709-165 | 9.28 |
| Item 4, subsection 709-165(2) | 9.29, 9.30, 9.31, 9.32 |
| Item 4, subsection 709-165(2), item 1 in the table | Table 9.1 |
| Item 4, subsection 709-165(2), item 2 in the table | Table 9.1 |
| Item 4, subsection 709-165(2), item 3 in the table | Table 9.1 |
| Item 4, subsection 709-165(2), item 4 in the table | Table 9.1 |
| Item 4, subsection 709-165(2), item 5 in the table | Table 9.1 |
| Item 4, section 709-170 | 9.34, Table 9.1 |
| Item 4, subsections 709-175(1) and (2) | 9.36 |
| Item 4, subsection 709-175(2) | 9.37, 9.38 |
| Item 4, subsection 709-175(2), item 1 in the table | Table 9.1 |
| Item 4, subsection 709-175(2), item 2 in the table | Table 9.1 |
| Item 4, subsections 709-175(3) and (4) | 9.40 |
| Item 4, subsection 709-175(4) | 9.41, 9.42, 9.43 |
| Item 4, subsection 709-175(4), item 1 in the table | Table 9.1 |
| Item 4, subsection 709-175(4), item 2 in the table | Table 9.1 |
| Item 4, subsection 709-175(4), item 3 in the table | Table 9.1 |
| Item 4, subsection 709-175(4), item 4 in the table | Table 9.1 |
| Item 4, subsection 709-175(5) | 9.44, Table 9.1 |
| Item 5, section 709-90 | 9.47 |
| Item 5, section 719-425 | 9.48 |
| Item 5, subsection 719-430(1) | 9.49 |
| Item 5, paragraph 719-430(2)(a) | 9.50 |
| Item 5, paragraph 719-430(2)(b) | 9.50 |
| Item 5, paragraph 719-430(2)(c) | 9.50 |
| Item 5, subsection 719-435(1) | 9.52 |
| Item 5, subsection 719-435(2) | 9.53 |
| Item 12 | 7.99 |
| Item 13, paragraph 703-75(3)(d) | 7.44 |
| Items 15 to 20 | 7.103 |
| Subitems 12(2) and 12(3) | 7.100 |
| Subitems 12(2)(b) and 12(3) | 7.101 |
Schedule 10: Consolidation: offshore banking units
| Bill reference | Paragraph number |
|---|---|
| Item 2, section 717-710 | 7.58 |
| Item 2, subsection 717-710(1) | 7.59, 7.60 |
Schedule 11: Consolidation: application of rules to MEC groups
| Bill reference | Paragraph number |
|---|---|
| Item 4, section 719-2 | 2.11 |
| Item 1, subsection 719-2(1) | 2.8 |
| Item 1, subsection 719-2(2) | 2.9 |
| Item 1, subsection 719-2(3) | 2.8 |
| Items 2 and 3, subsection 995-1(1), note 1 to definitions 'consolidated group' and 'MEC group' | 2.10 |
| Items 2 and 3, subsection 995-1(1), note 2 to definitions 'consolidated group' and 'MEC group' | 2.13 |
| Item 4, section 719-5 | 2.12 |
Schedule 12: Consolidation: MEC group cost setting rules
| Bill reference | Paragraph number |
|---|---|
| Items 1, 2 and 3, subsection 719-155(1), section 719-155, subsection 719-160(1) and section 719-165 | 2.21 |
| Item 4, section 719-170 | 2.15 |
| Item 4, subsection 719-170(2) | 2.17, 2.18 |
Schedule 13: Consolidation: MEC groups and losses
| Bill reference | Paragraph number |
|---|---|
| Item 1, subsection 719-255(1) | 3.44 |
| Item 1, subsection 719-255(2) | 3.48, 3.112 |
| Item 1, subsection 719-260(1) | 3.120 |
| Item 1, subsections 719-260(1) and (2) | 3.24 |
| Item 1, subsection 719-260(2) | 3.115, 3.121 |
| Item 1, paragraph 719-260(2)(a) | 3.122, 3.124 |
| Item 1, paragraph 719-260(2)(b) | 3.123 |
| Item 1, subparagraph 719-260(2)(b)(ii) | 3.124 |
| Item 1, subsection 719-260(3) | 3.125 |
| Item 1, paragraph 719-260(4)(a) | 3.127 |
| Item 1, paragraph 719-260(4)(b) | 3.128 |
| Item 1, paragraph 719-265(1)(a) | 3.51 |
| Item 1, paragraph 719-265(1)(b), item 1 in the table | 3.66 |
| Item 1, paragraph 719-265(1)(b), subsection 719-265(2), item 2 in the table | 3.64 |
| Item 1, subsection 719-265(2) | Example 3.11 |
| Item 1, subsection 719-265(2), item 1 in the table | 3.65 |
| Item 1, subsection 719-265(2) item 2 in the table | Examples 3.1, 3.9, 3.10, 3.11 and 3.12 |
| Item 1, subsections 719-265(2) and (4) | Examples 3.9, 3.10 and 3.12 |
| Item 1, subsection 719-265(3) | Example 3.11 |
| Item 1, subsection 719-265(3), item 1 in the table | 3.54; Example 3.11 |
| Item 1, subsection 719-265(3), item 2 in the table | 3.55 |
| Item 1, subsection 719-265(4), item 1 in the table | 3.58; Example 3.12 |
| Item 1, subsection 719-265(4), item 2 in the table | 3.56 |
| Item 1, subsection 719-265(4), item 3 in the table | 3.57, 3.59, 3.64; Examples 3.1, 3.9 and 3.10 |
| Item 1, subsection 719-265(5) | 3.63 |
| Item 1, subsections 719-265(6) and (7) | 3.132 |
| Item 1, subsection 719-265(7) | 3.133 |
| Item 1, subsection 719-270(1) | 3.69 |
| Item 1, subsection 719-270(1), item 1 in the table | 3.76 |
| Item 1, subsection 719-270(1), item 2 in the table | 3.77 |
| Item 1, subsection 719-270(2) | 3.69 |
| Item 1, subsection 719-270(2), item 1 in the table | 3.85 |
| Item 1, subsection 719-270(2), item 2 in the table | 3.86 |
| Item 1, subsection 719-270(3) | 3.135 |
| Item 1, subsection 719-270(4) | 3.69 |
| Item 1, subsection 719-270(4), item 1 in the table | 3.82; Example 3.1 |
| Item 1, subsection 719-270(4), item 2 in the table | 3.83 |
| Item 1, subsection 719-270(4), item 3 in the table | 3.78 |
| Item 1, subsection 719-270(5) | 3.135 |
| Item 1, subsection 719-270(6) | 3.71, 3.74 |
| Item 1, subsection 719-275(1) | 3.92 |
| Item 1, subsection 719-275(2) | 3.90 |
| Item 1, subsection 719-275(2), item 1 in the table | 3.94 |
| Item 1, subsection 719-275(2), item 2 in the table | 3.97 |
| Item 1, subsection 719-275(2), item 3 in the table | 3.102 |
| Item 1, subsection 719-275(2), item 4 in the table | 3.106 |
| Item 1, subsection 719-275(2), item 5 in the table | 3.111 |
| Item 1, subsection 719-275(3) | 3.104, 3.109 |
| Item 1, subsection 719-275(4) | 3.137 |
| Item 1, subsections 719-280(1) to (4) | 3.114 |
| Item 1, subsection 719-280(5) | 3.115 |
| Item 1, section 719-285 | 3.139 |
| Item 2, definition of 'COT transfer' in paragraph 707-210(1A)(a) | 3.34 |
| Item 2, definition of 'COT transfer' in paragraph 707-210(1A)(b) | 3.35 |
| Item 2, subsection 707-210(1) | 3.144 |
| Item 3, paragraph 707-210(3)(b) | 3.144 |
| Items 4 and 5 | 3.143 |
Schedule 14: Consolidation: liability rules
| Bill reference | Paragraph number |
|---|---|
| Item 1, section 709-95 | 10.12 |
| Item 1, section 709-100 | 10.13 |
| Item 2, subsection 721-10(2), item 60 in the table | 10.15 |
| Item 2, subsection 721-10(2), item 65 in the table | 10.16 |
| Item 3, subsection 721-15(5A) | 10.20 |
| Item 4, section 721-17 | 10.21 |
| Items 5 and 6, subsection 721-30(5A) and section 721-32 | 10.22 |
| Item 7, subsection 721-40(1) | 10.24 |
| Item 7, subsection 721-40(2) | 10.25 |
| Item 7, subsection 721-40(3) | 10.26 |
| Item 7, subsection 721-40(4) | 10.27 |
| Item 7, subsection 721-40(5) | 10.28 |
| Items 8 and 9, subsection 250-10(1) note 2 | 10.30 |
| Item 10, subsection 250-10(2), item 39 in the table | 10.31 |
| Items 11 and 12, subsection 250-10(2) note 2 | 10.32 |
Schedule 16: Consolidation: transitional foreign-held membership structures
| Bill reference | Paragraph number |
|---|---|
| Item 1 | 4.57 |
| Item 2, column 4 in the table in subsection 703-15(2) | 4.57 |
| Item 2, section 703-45 | 4.8, 4.57 |
| Items 3 and 4 | 4.58 |
| Item 5, paragraphs 701C-10(8)(a) to (c) | 4.19 |
| Item 5, paragraphs 701C-10(8)(d) and (e) | 4.20 |
| Item 5, paragraphs 701C-20(a) to (c) | 4.30 |
| Item 5, paragraph 701C-20(d) | 4.31 |
| Item 5, section 701C-30 | 4.41 |
| Item 5, section 701C-30, note 1(b) | 4.42 |
| Item 5, section 701C-30, note 1(c) | 4.42 |
| Item 5, section 701C-35 | 4.45 |
| Item 5, section 701C-40 | 4.52 |
| Item 5, section 701C-50 | 4.59 |
| Item 5, subsection 701C-10(6) | 4.15 |
| Item 5, subsection 701C-10(7) | 4.17 |
| Item 5, subsection 701C-15(4) | 4.26 |
| Item 5, subsection 701C-25(2) | 4.39 |
| Item 5, subsections 701C-10(1) to (5) | 4.12 |
| Item 5, subsections 701C-15(1) to (3) | 4.25 |
Schedule 17: Consolidation: transitional cost setting rule relating to roll-overs
| Bill reference | Paragraph number |
|---|---|
| Items 1 and 2, subsections 701-35(1) and 701-35(2) | 5.103 |
| Item 2, subsection 701-35(3) | 5.83 |
| Item 2, paragraph 701-35(3)(a) | 5.85 |
| Item 2, paragraph 701-35(3)(b) | 5.86 |
| Item 2, paragraph 701-35(3)(c) | 5.87 |
| Items 2 and 3, paragraph 701-35(3)(c) and section 719-163 | 5.89 |
Schedule 18: Consolidation: extra transitional provision for foreign tax credits
| Bill reference | Paragraph number |
|---|---|
| Item 1 | 7.87 |
| Item 1, subitem 11(2) of Schedule 10 of the June Consolidation Act | 7.88 |
Schedule 19: Consolidation: amendment of losses rules
| Bill reference | Paragraph number |
|---|---|
| Item 1, subsection 701-30(3A) | 6.13, 6.19; Example 6.1 |
| Item 1, paragraph 701-30(3A)(a) | 6.17 |
| Item 1, subparagraph 701-30(3A)(b)(i) | 6.17 |
| Item 1, subparagraph 701-30(3A)(b)(ii) | 6.17 |
| Item 2 | 6.29 |
| Item 2, subsection 701-30(8) | 6.22, 6.28 |
| Item 2, subsection 701-30(9) | 6.23 |
| Item 2, subsections 701-30(8) and (9) | 6.31 |
| Item 3 | 6.29 |
| Item 4, subsections 707-326(1) and (2) | 6.49 |
| Item 4, paragraph 707-326(1)(b) | 6.39 |
| Item 4, subsection 707-326(3) | 6.51 |
| Item 4, subsection 707-326(4) | 6.51 |
| Item 4, subsection 707-326(5) | 6.52 |
| Item 5, subsection 707-328A(1) | 6.40 |
| Item 5, paragraph 707-328A(1)(a) and subsection 707-328A(2) | 6.44 |
| Item 5, paragraph 707-328A(1)(b) | 6.44 |
| Item 5, paragraph 707-328A(1)(c) | 6.44 |
| Item 5, paragraph 707-328A(1)(d) | 6.42 |
| Item 5, paragraph 707-328A(1)(d) | 6.44 |
| Item 5, subsection 707-328A(3) | 6.40 |
| Item 5, subsection 707-328A(4) | 6.42 |
| Item 5, subsection 707-328A(5) | 6.48 |
| Item 5, subsection 707-328A(6) | 6.39, 6.48 |
| Item 5, subsection 707-328A(7) | 6.46 |
| Item 6, subitem 39(10) of the May Consolidation Act | 6.28 |
| Item 7 | 6.55 |
Schedule 20: Consolidation: transfers of losses involving financial corporations
| Bill reference | Paragraph number |
|---|---|
| Item 1, subsection 20(1A) and item 2, subsection 20(1A) | 6.60 |
| Item 3, paragraph 26C(3)(c) | 6.67 |
| Item 3, subsections 26C(2) and (3) | 6.66 |
| Item 4, subsection 170-5(5) | 6.61 |
| Item 5, subsection 170-75(1) | 6.62 |
| Item 5, subsection 170-75(2) | 6.65 |
| Item 5, paragraph 170-75(2)(b) | 6.64 |
| Item 5, subsection 170-75(3) | 6.63 |
| Item 7, subsection 170-175(1) | 6.62 |
| Item 7, subsection 170-175(2) | 6.65 |
| Item 7, paragraph 170-175(2)(b) | 6.64 |
| Item 7, subsection 170-175(3) | 6.63 |
Schedule 21: Consolidation: CGT events relating to various cost base provisions
| Bill reference | Paragraph number |
|---|---|
| Item 1 | 5.139 |
| Items 2 and 4 | 5.140 |
| Item 3, subsection 104-505(1) | 5.124 |
| Item 3, subsection 104-505(2) | 5.125 |
| Item 3, subsection 104-505(3) | 5.124 |
| Item 3, section 104-510 | 5.128 |
| Item 3, subsection 104-510(2) | 5.129 |
| Item 3, subsection 104-515(1) | 5.132 |
| Item 3, subsection 104-515(2) | 5.134, 5.138 |
| Item 3, subsection 104-515(3) | 5.133 |
| Item 3, subsection 104-520(1) | 5.136 |
| Item 3, subsection 104-520(3) | 5.137 |
| Items 5 to 7 | 5.141 |
Schedule 22: Consolidation: thin capitalisation
| Bill reference | Paragraph number |
|---|---|
| Item 1, subparagraph 820-599(2)(c)(iv) | 7.92, 7.96 |
| Item 1, subparagraphs 820-599(2)(c)(v) | 7.96 |
Schedule 23: Consolidation: research and development
| Bill reference | Paragraph number |
|---|---|
| Items 1, 2, 6 and 12, subsections 73B(23), (24B) and 73BF(1) of the ITAA 1936 and section 40-292 of the ITAA 1997 | 12.42 |
| Item 3, subsection 73BAG(1) of the ITAA 1936 | 12.30 |
| Item 3, subsection 73BAG(2) of the ITAA 1936 | 12.38 |
| Items 4, 7, 10 and 11, paragraph 73BF(1)(b) and subsection 73BF(2) of the ITAA 1936 and paragraphs 40-292(1)(b) and (3)(b) of the ITAA 1997 | 12.41 |
| Item 4, subparagraph 73BF(1)(b)(i) of the ITAA 1936 | 12.43 |
| Item 8, subsection 73BF(3A) of the ITAA 1936 | 12.35 |
| Item 8, subsection 73BF(3B) of the ITAA 1936 | 12.34 |
| Item 9, subsection 73BF(7) | 12.47 |
| Item 13, subsection 701-55(2) of the ITAA 1997 | 12.44 |
| Item 14, paragraph 286-80(2)(b) of Schedule 1 to the TAA 1953 | 12.45 |
Schedule 24: Pay as you go (PAYG) instalments
| Bill reference | Paragraph number |
|---|---|
| Item 1, subsection 45-120(2A) | 8.86 |
| Item 5, section 45-705 | 8.28 |
| Item 5, subsection 45-705(1) | 8.29 |
| Item 5, subsection 45-705(2) | 8.30 |
| Item 5, subsection 45-705(3) | 8.39 |
| Item 5, subsection 45-705(4) | 8.45 |
| Item 5, subsection 45-705(5) | 8.50 |
| Item 5, paragraph 45-705(5)(a) | 8.51 |
| Item 5, paragraph 45-705(5)(b) | 8.53 |
| Item 5, paragraph 45-705(5)(c) | 8.56 |
| Item 5, paragraph 45-705(5)(d) | 8.61 |
| Item 5, subsection 45-705(6) | 8.55 |
| Item 5, subsection 45-705(7) | 8.59 |
| Item 5, subsection 45-705(8) | 8.65 |
| Item 5, subsection 45-705(9) | 8.64 |
| Item 7, subsection 45-740(1) | 8.67 |
| Item 7, subsection 45-740(2) | 8.68 |
| Item 7, subsection 45-740(3) | 8.71 |
| Item 7, subsection 45-740(4) | 8.71 |
| Item 7, paragraphs 45-740(3)(a), (c) and (d) | 8.70 |
| Item 7, paragraph 45-740(3)(b) | 8.73 |
| Item 7, subsection 45-740(5) | 8.74 |
| Item 7, subsection 45-740(6) | 8.75 |
| Item 7, subsection 45-740(7) | 8.76 |
| Item 7, subsection 45-740(8) | 8.77 |
| Item 9, subsection 45-775(4) | 8.79, 8.80 |
| Item 9, subsection 45-775(5) | 8.79, 8.81 |
| Item 18, Subdivision 45-S | 8.111 |
| Item 18, section 45-880 | 8.89 |
| Item 18, subsection 45-880(1) | 8.90 |
| Item 18, subsection 45-880(2) | 8.93, 8.94 |
| Item 18, subsection 45-880(3) | 8.96 |
| Item 18, subsection 45-880(4) | 8.97 |
| Item 18, subsection 45-880(5) | 8.94 |
| Item 18, subsection 45-880(6) | 8.92 |
| Item 18, subsection 45-880(7) | 8.99 |
| Item 18, section 45-885 | 8.104 |
| Item 18, subsections 45-885(1) and (4) | 8.105 |
| Item 18, paragraph 45-885(2)(a) | 8.107 |
| Item 18, paragraph 45-885(2)(b) | 8.108 |
| Item 18, subsection 45-885(3) | 8.106 |
| Item 18, section 45-905 | 8.111 |
| Item 18, subsections 45-910(1) and (2) | 8.152 |
| Item 18, paragraph 45-910(3)(e) | 8.118 |
| Item 18, subsection 45-910(1) | 8.112 |
| Item 18, subsection 45-910(2), Table item 1 | 8.114 |
| Item 18, subsection 45-910(2), Table item 2 | 8.115 |
| Item 18, subsection 45-910(2), Table item 3 | 8.116 |
| Item 18, subsection 45-910(2) | 8.113 |
| Item 18, subsection 45-910(3) | 8.117 |
| Item 18, paragraph 45-910(3)(h) | 8.178 |
| Item 18, section 45-913 | 8.118 |
| Item 18, subsection 45-915(1) | 8.123 |
| Item 18, subsection 45-915(2) | 8.124 |
| Item 18, subsections 45-915(3) and (5) | 8.132 |
| Item 18, subsections 45-915(4) and (5) | 8.140 |
| Item 18, subsection 45-915(6) | 8.144 |
| Item 18, paragraph 45-915(6)(a) | 8.145 |
| Item 18, paragraph 45-915(6)(b) | 8.146 |
| Item 18, paragraph 45-915(6)(c) | 8.147 |
| Item 18, subsection 45-915(7) | 8.150 |
| Item 18, subsection 45-915(8) | 8.149 |
| Item 18, section 45-917 | 8.153 |
| Item 18, subsection 45-920(1) | 8.156 |
| Item 18, paragraph 45-920(2)(a) | 8.157 |
| Item 18, paragraph 45-920(2)(b) | 8.158 |
| Item 18, subsection 45-920(3) | 8.161 |
| Item 18, paragraphs 45-920(3)(a), (c) and (d) | 8.160 |
| Item 18, paragraph 45-920(3)(b) | 8.163 |
| Item 18, subsection 45-920(4) | 8.160 |
| Item 18, subsections 45-920(5) | 8.161 |
| Item 18, subsection 45-920(6) | 8.164 |
| Item 18, subsection 45-920(7) | 8.165 |
| Item 18, subsection 45-920(8) | 8.166 |
| Item 18, subsection 45-920(9) | 8.167 |
| Item 18, section 45-922 | 8.169 |
| Item 18, section 45-925 | 8.175 |
| Item 18, subsection 45-930(1) | 8.179 |
| Item 18, subsection 45-930(2) | 8.180 |
| Item 18, section 45-935 | 8.182 |
| Subitem 19(1) | 8.184 |
| Subitem 19(2) | 8.183 |
| Item 21, subsection 995-1(1), paragraph (a) of the definition of 'created' | 8.36 |
| Item 21, subsection 995-1(1), paragraph (b) of the definition of 'created' | 8.52, 8.129 |
| Item 22, subsection 995-1(1) | 8.31 |
| Item 22, subsection 995-1(1), paragraph (a) of the definition of 'initial head company instalment rate' | 8.32, 8.125 |
| Item 22, subsection 995-1(1), subparagraph (b)(i) of the definition of 'initial head company instalment rate' | 8.34, 8.127 |
| Item 22, subsection 995-1(1), subparagraph (b)(ii) of the definition of 'initial head company instalment rate' | 8.35, 8.128 |
| Item 23 | 8.183 |
| Bill reference | Paragraph number |
|---|---|
| Items 1 to 3 | Table in 11.172 |
| Items 4 to 7 | 11.173 |
| Item 8 | Table in 11.172 |
| Item 9 | Table in 11.172 |
| Item 10 | Table in 11.172 |
| Item 11 | Table in 11.172 |
| Item 12 | 11.178 |
Schedule 26: Loss integrity rules: global method of valuing assets
| Bill reference | Paragraph number |
|---|---|
| Item 1 | 11.171 |
| Item 2 | Table in 11.170 |
| Item 3 | Table in 11.170 |
| Item 4 | Table in 11.170 |
| Items 5 and 6 | 11.171 |
| Item 7 | Table in 11.170 |
| Item 8 | 11.177 |
Schedule 28: Venture capital franking
| Bill reference | Paragraph number |
|---|---|
| Item 1, subsection 202-75(4) | 13.20 |
| Item 2, subsection 204-75(4) | 13.21 |
| Item 3, sections 214-40 and 214-50 | 13.23 |
| Item 3, section 214-65 | 13.22 |
| Item 13, Division 214 of the IT(TP) Act 1997 | 13.24 |
Schedule 29: Consequential amendments relating to the simplified imputation system
| Bill reference | Paragraph number |
|---|---|
| Items 8 to 10 | 13.25 |
| Item 11 | 13.25 |