Senate

Tax Laws Amendment (2007 Measures No. 5) Bill 2007

Tax Laws Amendment (2007 Measures No. 5) Act 2007

Revised Explanatory Memorandum

(Circulated by authority of the Treasurer, the Hon Peter Costello MP)
This memorandum takes account of amendments made by the House of Representatives and to the Bill as introduced.

Index

Schedule 1: Tax preferred entities (asset financing)

Bill reference Paragraph number
Item 1, section 250-5 1.19
Item 1, section 250-10 1.47
Item 1, section 250-15 1.50
Item 1, paragraph 250-15(a) 1.51
Item 1, paragraph 250-15(b) 1.58, 1.110
Item 1, paragraph 250-15(c) 1.68
Item 1, paragraph 250-15(d) 1.79
Item 1, paragraph 250-15(e) 1.80
Item 1, section 250-20 1.111
Item 1, subsection 250-25(1) 1.113
Item 1, subsection 250-25(2) 1.114
Item 1, subsection 250-30(1) 1.115
Item 1, subsection 250-30(2) 1.116
Item 1, subsections 250-35(1) and (2) 1.118
Item 1, subsection 250-35(3) 1.119
Item 1, subsection 250-35(4) 1.121
Item 1, subsection 250-35(5) 1.123
Item 1, subsection 250-35(6) 1.124
Item 1, subsections 250-35(7) and (8) 1.125
Item 1, subsection 250-40(1) 1.128
Item 1, subsection 250-40(2) 1.130
Item 1, subsection 250-40(3) 1.131
Item 1, section 250-45 1.135
Items 1 and 6, subsection 250-50(1) and definition of 'end user' in subsection 995-1(1) in the ITAA 1997 1.24
Item 1, subsection 250-50(2) 1.25
Item 1, subsection 250-50(3) 1.26
Item 1, subsection 250-50(4) 1.28
Items 1 and 22, section 250-55 and definition of 'tax preferred end user' in subsection 995-1(1) in the ITAA 1997 1.42
Item 1, subsection 250-60(1) 1.53
Items 1 and 24, subsection 250-60(1) and definition of 'tax preferred use' in subsection 995-1(1) in the ITAA 1997 1.52
Item 1, subsection 250-60(2) 1.55
Items 1 and 24, subsections 250-60(2) and (3) and definition of 'tax preferred use' in subsection 995-1(1) in the ITAA 1997 1.54
Items 1 and 12, subsection 250-60(4) and the definition of 'member of the tax preferred end user group' in subsection 995-1(1) in the ITAA 1997 1.43
Items 1 and 13, subsection 250-60(4) and the definition of 'member of the tax preferred sector' in subsection 995-1(1) in the ITAA 1997 1.44
Items 1 and 2, subsection 250-65(1) and the definition of 'arrangement period' in subsection 995-1(1) in the ITAA 1997 1.59
Item 1, subsections 250-65(2) and (3) 1.60
Item 1, paragraph 250-65(4)(a) 1.61
Item 1, paragraph 250-65(4)(b) 1.62
Item 1, subsection 250-65(5) 1.63
Item 1, section 250-70 1.65
Item 1, section 250-75 1.22
Item 1, section 250-80 1.38
Items 1, 11 and 18, subsections 250-85(1) to (4), section 250-90 and the definitions of 'guaranteed residual value' and 'provided in relation to a tax preferred use of an asset' in subsection 995-1(1) in the ITAA 1997 1.69
Items 1 and 11, subsection 250-85(3) and the definition of 'guaranteed residual value' in subsection 995-1(1) in the ITAA 1997 1.97
Item 1, subsection 250-85(5) 1.70
Item 1, subsection 250-85(6) 1.72
Item 1, subsection 250-85(7) 1.73
Item 1, subsection 250-85(8) 1.74
Item 1, paragraph 250-85(9)(a) 1.75
Item 1, paragraph 250-85(9)(b) 1.76
Item 1, section 250-95 1.77
Item 1, section 250-100 1.78
Item 1, subsection 250-105(1) 1.132
Item 1, subsection 250-105(2) 1.100, 1.145
Item 1, section 250-110 1.81
Item 1, subsections 250-115(1) and (3) 1.83
Item 1, subsection 250-115(2) 1.85
Item 1, subsections 250-115(4) and (5) 1.86
Item 1, subsection 250-115(6) 1.87
Item 1, subsection 250-120(1) 1.89
Item 1, subsection 250-120(2) 1.90, 1.91
Item 1, section 250-125 1.93
Items 1 and 5, section 250-130 and the definition of 'effectively non-cancellable' in subsection 995-1(1) in the ITAA 1997 1.94
Item 1, subsection 250-135(1) 1.96
Item 1, subsection 250-135(2) 1.98
Item 1, subsections 250-140(1) to (4) and (6) 1.103
Item 1, subsection 250-140(5) 1.104
Item 1, section 250-145 1.139
Item 1, subsection 250-150(1) 1.141
Item 1, subsection 250-150(2) 1.142
Items 1 and 4, subsection 250-150(3) and the definition of 'disallowed capital allowance percentage' in subsection 995-1(1) in the ITAA 1997 1.143
Item 1, subsection 250-150(4) 1.144
Item 1, subsection 250-150(5) 1.147
Item 1, subsection 250-150(6) 1.148
Item 1, subsection 250-155(1) 1.149, 1.164
Item 1, subsection 250-155(2) 1.150
Item 1, subsections 250-155(3) to (5) 1.151, 1.152
Item 1, subsection 250-155(6) 1.153
Items 1 and 3, subsection 250-155(6), paragraph 250-160(1)(c) and the definition of 'cash settlable' in subsection 995-1(1) in the ITAA 1997 1.165
Item 1, subsection 250-155(7) 1.154
Item 1, paragraph 250-155(8)(a) 1.194
Item 1, paragraphs 250-155(8)(a) to (g) 1.155
Item 1, paragraph 250-155(8)(c) 1.197
Item 1, paragraph 250-155(8)(h) 1.156, 1.246
Item 1, subsection 250-155(9) 1.157
Items 1 and 21, subsection 250-160(1) and the definition of 'subject to deemed loan treatment' in subsection 995-1(1) in the ITAA 1997 1.158
Item 1, subsection 250-160(2) 1.160
Items 1 and 21, subsection 250-160(2) and the definition of 'subject to deemed loan treatment' in subsection 995-1(1) in the ITAA 1997 1.159
Item 1, subsection 250-160(3) 1.161, 1.162
Item 1, subsection 250-160(4) 1.163
Item 1, subsection 250-165(1) 1.166
Items 1 and 10, subsection 250-165(1) and the definition of 'financial arrangement' in subsection 995-1(1) in the ITAA 1997 1.167
Item 1, subsection 250-165(2) 1.168
Items 1 and 10, subsection 250-170(1) and the definition of 'financial arrangement' in subsection 995-1(1) in the ITAA 1997 1.169
Item 1, subsection 250-170(2) 1.170
Items 1 and 10, subsection 250-170(2) and the definition of 'financial arrangement' in subsection 995-1(1) in the ITAA 1997 1.171
Item 1, subsections 250-175(1) to (3) 1.172
Item 1, subsection 250-175(4) 1.173
Items 1 and 7, subsections 250-180(1) and (2) and the definition of 'end value' in subsection 995-1(1) in the ITAA 1997 1.174
Items 1 and 7, subsections 250-180(1), (3) and (4) and the definition of 'end value' in subsection 995-1(1) in the ITAA 1997 1.175
Items 1 and 7, subsections 250-180(1) and (5) and the definition of 'end value' in subsection 995-1(1) in the ITAA 1997 1.176
Items 1 and 7, subsections 250-180(1) and (6) and the definition of 'end value' in subsection 995-1(1) in the ITAA 1997 1.177
Item 1, section 250-185 1.179
Item 1, section 250-190 1.181
Item 1, section 250-195 1.182
Item 1, section 250-200 1.183
Item 1, subsection 250-205(1) 1.184
Item 1, subsection 250-205(2) 1.185
Item 1, section 250-210 1.186, 1.187
Item 1, section 250-215 1.189, 1.190
Item 1, section 250-220 1.191
Item 1, section 250-225 1.192
Item 1, section 250-230 1.193
Item 1, section 250-235 1.195
Item 1, section 250-240 1.196
Item 1, subsections 250-245(1) to (3) 1.199
Item 1, subsection 250-245(4) 1.200
Item 1, subsection 250-250(1) 1.204
Item 1, subsection 250-250(2) 1.205
Item 1, subsection 250-250(3) 1.206
Item 1, subsection 250-255(1) 1.208, 1.209
Item 1, subsection 250-255(2) 1.210
Item 1, subsection 250-255(3) 1.213
Item 1, subsection 250-255(4) 1.214
Item 1, subsection 250-255(5) 1.215
Item 1, subsection 250-255(6) 1.219
Item 1, subsection 250-255(7) 1.220
Item 1, paragraphs 250-255(7)(a) and (d) 1.222
Item 1, paragraphs 250-255(7)(b) and (c) 1.223
Item 1, subsection 250-260(1) 1.225, 1.226
Item 1, subsection 250-260(2) 1.228
Item 1, subsection 250-260(3) 1.229
Item 1, subsection 250-265(1) 1.233
Item 1, subsection 250-265(2) 1.234
Item 1, section 250-270 1.235
Item 1, subsection 250-275(1) 1.239
Item 1, subsection 250-275(2) 1.241
Item 1, subsection 250-275(3) 1.242
Item 1, subsection 250-275(4) 1.243
Item 1, subsection 250-275(5) 1.244
Item 1, subsection 250-275(6) 1.245
Item 1, subsection 250-280(1) 1.247
Item 1, subsection 250-280(2) 1.248
Item 1, subsection 250-280(3) 1.249
Item 1, subsection 250-280(4) 1.250
Item 1, subsection 250-280(5) 1.252
Item 1, subsection 250-280(6) 1.253
Item 1, subsection 250-280(7) 1.254
Item 1, subsection 250-285(1) 1.256, 1.257
Item 1, subsections 250-285(2) and (3) 1.258, 1.261
Item 1, subsections 250-285(2) and (6) 1.259
Item 1, subsections 250-285(3) and (6) 1.260, 1.262
Item 1, subsections 250-285(4) and (6) 1.263
Item 1, subsection 250-290(1) 1.264
Item 1, subsection 250-290(2) 1.265
Item 1, subsections 250-295(1) and (3) 1.266
Item 1, subsections 250-295(2) and (3) 1.267
Items 8, 16 and 23, definitions of 'excluded STB', 'prescribed excluded STB' and 'tax preferred entity' in subsection 995-1(1) in the ITAA 1997 1.41
Item 14 and the definition of 'money equivalent' in subsection 995-1(1) in the ITAA 1997 1.46
Item 20, definition of 'special accrual amount' in subsection 995-1(1) in the ITAA 1997 1.314
Items 25 and 26, subparagraphs 93R(b)(v) and (c)(ii) of the Development Allowance Authority Act 1992 1.291
Items 27 and 28, subsections 51AD(1A) to (1D) and (4) of the ITAA 1936 1.293
Items 29 to 31, subsections 73B(15AA) and 73BC(2) of the ITAA 1936 1.296
Item 32, section 82KZLA of the ITAA 1936 1.297
Items 33 and 34, subsections 159GH(1A), (1B) and (1) of the ITAA 1936 1.299
Item 35, subsection 170(10AA) of the ITAA 1936 1.301
Items 36 to 42, sections 11-55 and 12-5 1.302
Items 43 and 44, subsections 40-25(7) and (8) 1.303
Items 45 to 56, sections 40-85, 40-525, 40-630, 40-730, 40-735, 40-750, 40-755, 40-835 and 40-880 1.304
Items 57 and 58, subsection 43-140(1) 1.305
Item 59, section 112-97 1.306
Item 60, section 118-27 1.307
Items 61 and 62, subsection 396-75(2) and paragraph 396-85(1)(c) 1.309
Items 63 and 64, subsections 705-25(4A) and 705-30(3A) 1.311
Item 65, section 960-265 1.316
Items 66 and 67, paragraphs 974-130(4)(a) and (d) 1.318
Items 68 to 70, sections 45-5, 45-120 and 45-330 of the TAA 1953 1.319
Subitem 71(1) 1.268
Subitem 71(2) 1.271
Subitem 71(3) 1.272
Subitem 71(4) 1.273
Subitem 71(5) 1.276
Subitems 71(6) and (10) 1.280
Subitem 71 (7) 1.281
Subitems 71 (8) and (10) 1.283
Subitem 71(9) 1.278, 1.282
Subitem 71 (11) 1.285
Subitem 71 (12) 1.288

Schedule 2: Thin capitalisation: excluded equity interests

Bill reference Paragraph number
Item 1, definition of 'excluded equity interest' in subsection 820-946(2A) 2.10
Item 2 2.11

Schedule 3: Thin capitalisation: groups containing certain ADIs

Bill reference Paragraph number
Item 1, subsection 820-585(3) 3.31
Item 2, subsections 820-588(1) and (2) 3.20
Item 2, subsection 820-588(1), notes 1 and 2 3.21
Item 2, subsection 820-588(3) 3.22
Item 2, subsection 820-588(4) 3.23
Item 3 3.38
Item 4 3.37
Item 5, section 820-610 3.35
Item 5, subsection 820-610(4) 3.36
Items 6 to 10 3.39
Item 11 3.40

Schedule 4: Extending the CGT small superannuation funds roll-over on marriage breakdown

Bill reference Paragraph number
Item 1 4.34
Items 2 and 3, subparagraphs 126-5(1)(f)(ii) and 126-15(1)(f)(ii) 4.32
Items 4 and 5, paragraphs 126-140(1)(c) and (2)(b) 4.26
Item 6, paragraphs 126-140(2A)(a), (b) and (g) 4.23, 4.25
Item 6, paragraph 126-140(2A)(c) 4.9
Item 6, paragraphs 126-140(2A)(d) and (2B)(a) to (e) 4.13
Item 6, paragraphs 126-140(2A)(e) and (f) 4.20
Item 6, paragraph 126-140(2A)(h) and subsection 126-140(2C) 4.16
Item 6, subsection 126-140(2D) 4.17

Schedule 5: Prime Minister's Prizes

Bill reference Paragraph number
Item 2, section 51-60 5.6
Item 3 5.7

Schedule 6: Removal of the same business test cap

Bill reference Paragraph number
Items 1 and 2, sections 165-212A, 165-212B, 165-212C and 716-805 6.7
Items 3 to 67, sections 165-5, 165-10, 165-13, 165-15, 165-23, 165-30, 165-35, 165-40, 165-45, 165-93, 165-99, 165-115, 165-115B, 165-115BA, 165-117, 165-120, 165-126, 165-129, 165-132, 165-210, 166-5, 166-20, 166-40, 175-5, 175-40, 175-80, 701-30, 707-120, 707-125, 707-135, 707-210, 715-15, 715-50, 715-55, 715-60, 715-70, 715-95, 715-355, 715-360, 716-850, 719-260, 719-285 and the definition of 'total income' in subsection 995-1(1) in the ITAA 1997 6.9
Item 68 6.10

Schedule 7: Statutory licences

Bill reference Paragraph number
Item 2, paragraph 124-140(1)(a) 7.7, 7.13
Item 2, subsections 124-140(1A) and (1B) 7.28
Item 2, paragraph 124-140(1)(b) 7.9
Item 2, paragraph 124-140(1)(c) 7.10
Item 3, section 124-145 7.15
Item 3, subsection 124-150(1) 7.24
Item 3, subsections 124-150(2) to (4) 7.25
Item 3, subsection 124-150(4) 7.26
Item 3, section 124-155 7.16, 7.18
Item 3, section 124-160 7.20
Item 3, subsections 124-165(1) and (2) 7.22
Item 3, subsection 124-165(3) 7.23
Item 4, sections 124-140, 124-141 and 124-142 of the Income Tax (Transitional Provisions) Act 1997 7.32
Item 4, paragraphs 124-140(2)(b) and (3)(b), 124-141(1)(b) and subsection 124-141(2) of the Income Tax (Transitional Provisions) Act 1997 7.35
Item 4, subsections 124-141(1), (3) and 124-142(2) of the Income Tax (Transitional Provisions) Act 1997 7.33
Item 4, section 124-142 of the Income Tax (Transitional Provisions) Act 1997 7.34
Items 5, 6 and 8 to 12 7.36
Item 7, subsection 116-30(3AA) 7.27
Item 13 7.37

Schedule 8: Australian property trusts and stapled securities

Bill reference Paragraph number
Item 1, subsection 102F(4) of the ITAA 1936 8.68
Item 3, subsection 102N(2) of the ITAA 1936 8.64, 8.65
Item 4, section 102NA of the ITAA 1936 8.59, 8.60
Item 5, subsection 102P(10) of the ITAA 1936 8.66
Item 6, subsection 124-1045(1) 8.21, 8.24
Item 6, paragraphs 124-1045(1)(b) and (c) 8.25
Item 6, subparagraphs 124-1045(1)(d)(i) and (ii) 8.28
Item 6, subparagraphs 124-1045(1)(e)(i) and (ii) 8.30
Item 6, subsection 124-1045(2) 8.23
Item 6, subsection 124-1045(3) 8.31
Item 6, subsection 124-1050(1), paragraph 124-1045(1)(f) 8.32
Item 6, subsection 124-1050(2) 8.35
Item 6, subsection 124-1050(3) 8.36, 8.37
Item 6, subsection 124-1050(4) 8.38
Item 6, subsections 124-1055(1), (2) 8.40
Item 6, subsection 124-1055(3) 8.42
Item 6, subsection 124-1055(4) 8.44
Item 6, subsection 124-1055(5) 8.45
Item 6, subsections 124-1060(1) to (3) 8.46
Item 6, subsection 124-1060(4) 8.47
Item 6, subsection 124-1060(5) 8.48
Item 6, subsection 124-1065(1) 8.54
Item 6, subparagraph 124-1065(1)(f)(ii) 8.56
Item 6, subsection 124-1065(2) 8.52
Item 6, Subdivision 124-Q of the ITAA 1997 8.61
Items 7 to 11 8.71
Item 12 8.72

Schedule 9: Deductible gift recipients

Bill reference Paragraph number
Items 1, 4 to 6 9.5
Items 1 and 6 9.7, 9.10
Item 2 9.8, 9.9
Items 4 to 5 9.6

Schedule 10: Streamlining concessions for Australian films and Australian film production

Bill reference Paragraph number
Item 1, Subdivision 376-A 10.10
Item 1, subsection 376-10(1) 10.151
Item 1, subsection 376-10(2) 10.154
Item 1, section 376-15 10.148
Item 1, paragraph 376-20(2)(b) 10.157
Item 1, paragraph 376-20(2)(c) 10.159
Item 1, paragraph 376-20(3)(a) 10.163
Item 1, subparagraph 376-20(3)(b)(i) 10.160
Item 1, subparagraph 376-20(3)(b)(ii) 10.161
Item 1, paragraph 376-20(3)(c) 10.162
Item 1, subsection 376-20(4) 10.165
Item 1, subsection 376-20(5) 10.155
Item 1, section 376-25 10.167, 10.168
Item 1, subsection 376-35(1) 10.199
Item 1, paragraph 376-35(2)(a) 10.209
Item 1, paragraph 376-35(2)(b) 10.210
Item 1, paragraph 376-35(2)(c) 10.211
Item 1, subsection 376-35(3) 10.200
Item 1, section 376-40 10.197
Item 1, paragraph 376-45(2)(b) 10.201
Item 1, subsection 376-45(5) 10.215
Item 1, paragraph 376-45(5)(a) 10.203
Item 1, paragraph 376-45(5)(b) 10.202
Item 1, section 376-50 10.214
Item 1, subsection 376-55(1) of the ITAA 1997 10.12
Item 1, subsection 376-55(1) of the ITAA 1997 10.19
Item 1, reference at the end of subsection 376-55(1) to paragraph (c) 10.25
Item 1, subsection 376-55(2), definition of 'completed' in subsection 995-1(1) of the ITAA 1997 10.13
Item 1, subparagraph 376-55(2)(b)(i) 10.38
Item 1, subsection 376-55(3), definition of 'film authority' in subsection 995-1(1) of the ITAA 1997 10.15
Item 1, subsection 376-55(4) of the ITAA 1997 10.16
Item 1, subsection 376-55(5), definition of 'development assistance' in subsection 995-1(1) of the ITAA 1997 10.18
Item 1, section 376-60 10.23
Item 1, subsection 376-65(1) 10.124, 10.136
Item 1, paragraphs 376-65(1)(a), (2)(c) and (2)(d), subsection 376-65(6) 10.134
Item 1, paragraph 376-65(2)(b) 10.129
Item 1, paragraph 376-65(2)(c) 10.27
Item 1, paragraph 376-65(2)(d) 10.29
Item 1, subsection 376-65(3) 10.31
Item 1, paragraph 376-65(3)(d) 10.34
Item 1, subsection 376-65(4) 10.35, 10.36
Item 1, paragraph 376-65(4)(a) 10.37
Item 1, paragraph 376-65(5)(a) 10.38
Item 1, subsection 376-65(6) 10.60
Item 1, subsection 376-65(7) 10.52
Item 1, subsection 376-70(1) 10.125
Item 1, subsection 376-70(2) 10.42, 10.48
Item 1, section 376-75 10.136
Item 1, subsection 376-125(1), definition of 'production expenditure' in subsection 995-1(1) of the ITAA 1997 10.63
Item 1, subsection 376-125(2), definition of 'make' in relation to film in subsection 995-1(1) of the ITAA 1997 10.64
Item 1, subsection 376-125(3) 10.65
Item 1, subsection 376-125(4), item 7, definition of 'make' in relation to film in subsection 995-1(1) of the ITAA 1997 10.66
Item 1, subsection 376-125(5) 10.68
Item 1, section 376-130 10.70
Item 1, section 376-135, item 1 in the table 10.75
Item 1, section 376-135, item 2 in the table 10.78
Item 1, section 376-135, item 3 in the table 10.80
Item 1, section 376-135, item 4 in the table 10.81
Item 1, section 376-135, item 5 in the table 10.82
Item 1, section 376-135, items 6 and 7 in the table 10.83
Item 1, section 376-135, item 8 in the table 10.84
Item 1, section 376-135, item 9 in the table 10.85
Item 1, section 376-135, item 10 in the table 10.86
Item 1, section 376-135, item 11 in the table 10.87
Item 1, section 376-140 10.169
Item 1, section 376-145 10.88
Item 1, subsection 376-150(1) 10.89
Item 1, subsection 376-150(1), item 1 in the table 10.90
Item 1, subsection 376-150(1), item 3 in the table 10.93
Item 1, subsection 376-150(1), item 5 in the table 10.96
Item 1, subsection 376-150(2) 10.91
Item 1, section 376-155 10.97 to 10.99
Item 1, paragraph 376-155(b) 10.213
Item 1, section 376-160 10.100
Item 1, subsection 376-165(1), item 1 in the table 10.172
Item 1, subsection 376-165(1), item 2 in the table 10.173
Item 1, subsection 376-165(1), item 3 in the table 10.175
Item 1, subsection 376-170(1) 10.61
Item 1, subsection 376-170(2), item 1 in the table 10.101
Item 1, subsection 376-170(2), item 2 in the table 10.103, 10.104
Item 1, subsection 376-170(2), item 3 in the table 10.105
Item 1, subsection 376-170(2), item 4 in the table 10.106
Item 1, subsection 376-170(3) 10.102
Item 1, paragraph 376-170(4)(a) 10.107
Item 1, paragraph 376-170(4)(b) 10.108, 10.109
Item 1, paragraph 376-170(4)(c) 10.40, 10.47
Item 1, subsection 376-170(5) 10.41, 10.46
Item 1, subsection 376-170(6) 10.110
Item 1, section 376-175 10.113
Item 1, subsection 376-180(1) 10.115
Item 1, subsection 376-180(2) 10.116
Item 1, subsection 376-230(3) 10.123
Item 1, subsection 376-235(2) 10.140
Item 1, subsection 376-240(1) 10.137
Item 1, subsection 376-245(3) 10.138
Item 1, subsection 376-245(4) 10.139
Item 1, section 376-250 10.142
Item 1, section 376-255 10.141, 10.188
Item 1, subsection 376-265(1) 10.146
Item 1, subsection 376-265(2) 10.145
Item 1, section 376-270 10.143, 10.144
Item 1, section 376-270, subsections 376-245(3) to (5) 10.135
Item 1, paragraphs 376-20(2)(a) and 376-45(2)(a) 10.178
Item 1, paragraphs 376-20(2)(b) and 376-45(2)(b) 10.179
Item 1, sections 376-30 and 376-50 10.180
Item 1, subsection 376-245(5) 10.181
Item 1, section 376-240 10.183
Item 1, paragraph 376-245(1)(a) 10.184
Item 1, paragraph 376-245(1)(b) 10.185
Item 1, subsection 376-250(1) 10.186, 10.187
Item 1, subsection 376-250(3) 10.189
Item 1, subsection 376-260(1) 10.193
Item 1, subsection 376-260(2) 10.195
Item 1, subsection 376-260(3) 10.194
Item 1, section 376-270 10.190, 10.191
Item 1, definition of 'total film expenditure' in subsection 995-1(1) of the ITAA 1997 10.110
Item 1, definition of 'qualifying Australian production expenditure' in subsection 995-1(1) of the ITAA 1997 10.88
Part 2, item 2 10.220, 10.221
Part 2, item 3 10.222
Part 2, item 5 10.223
Part 2, item 6 10.224
Part 2, items 7 to 9, and 11 to 15, section 67-10 of the ITAA 1997 10.225
Part 2, item 10, subsection 40-45(6) of the ITAA 1997 10.227
Item 16, subsection 960-50(6), item 9B in the table 10.118
Item 21, definition of 'post, digital and visual effects production' in subsection 995-1(1) 10.207
Part 3, items 26 to 62, 64 to 75, 77, 78, 81, 82, 84, 85, and 88 to 90 10.235
Part 3, items 63, 76, 79, 80, 83, 86 and 87, subsection 36-40(3), definitions of 'assessable film income', 'exempt film income', 'film component', 'film deductions', 'film loss' and 'net assessable film income' in subsection 995-1(1) of the ITAA 1997 10.237
Part 4, subitem 91(1) 10.149, 10.228, 10.150, 10.232
Part 4, subitem 91(2) 10.198, 10.229
Part 4, subitem 91(3) 10.230
Part 4, subitem 92(2) 10.233

Schedule 11: Research and development

Bill reference Paragraph number
Item 1 11.11
Item 2 11.13, 11.14
Item 4 11.15
Item 5 11.17
Items 6 and 7 11.16
Item 8 11.18, 11.21 to 11.26
Item 9 11.27
Item 10 11.28, 11.29
Items 12 and 13 11.30
Items 16 to 23 11.32
Item 27 11.33, 11.34
Item 29 11.35
Item 34 11.36 to 11.39
Item 35 11.44 to 11.47
Item 37 11.47 to 11.50, 11.52 to 11.54
Item 38 11.70
Items 39 and 41 11.55, 11.56
Items 43 to 49 11.70
Item 50 11.11
Item 51 11.57, 11.58
Items 52 to 55 and 61 11.70
Item 62 11.60, 11.61
Item 66 11.65, 11.66
Item 72 11.59, 11.62 to 11.64
Item 73 11.59
Item 75 11.66
Item 78 11.67
Item 79 11.68
Item 80 11.69

Schedule 12: Innovation Australia

Bill reference Paragraph number
Item 1, section 3 12.11
Items 1 and 54, the definition of 'Board' in subsection 4(1) of the IR & D Act and the definition of 'Board' in subsection 4(1) of the PDF Act 12.12
Items 2, 3, 5, 6, 8, 9, 15, 16, 19, 20, 21, 33 and 43, the definitions of 'acting chairperson', 'acting member', and 'chairperson' in subsection 4(1), paragraphs 4(7)(a) and (b), subsections 11(1), 16(4), 17(8), 18(8), 20(5), 21(7) and (8) and 22A(5) of the IR & D Act 12.23
Item 7, subsection 4(1) 12.13
Items 10, 57 and 58, section 4 of the IR & D Act, subsections 4(1) and (5) of the PDF Act 12.14
Item 11, section 6 12.19
Item 12, paragraph 7(aa) of the IR & D Act 12.21
Item 13, paragraph 7(c) of the IR & D Act 12.20
Item 14, paragraph 7(ca) of the IR & D Act 12.21
Items 17 and 18, subsection 11(1) of the IR & D Act 12.22
Items 22 and 23, subsection 19(1) of the IR & D Act 12.24
Item 24, section 19B of the IR & D Act 12.25
Items 25, 26 and 27, subsections 20(1) and (4) to (6) of the IR & D Act 12.26
Item 28, subsections 21(1) and (2) of the IR & D Act 12.30
Items 28 to 32 and 34, subsections 21(1), (2), (3), (5) and (8), paragraphs 21(3(a) and (b) of the IR & D Act; item 65, sections 72 to 74 of the PDF Act 12.28
Items 28, 39 to 42 and 44, subsections 22A(1), (2), (3) and (6), paragraph 22A(2)(a), subsections 21(1) and (2) of the IR & D Act 12.33
Items 34 to 36 and 38, subsections 22(1), (1A), (2) and (7) of the IR & D Act 12.31
Item 37, subsection 22(2BA) of the IR & D Act 12.32
Items 45 to 47, subsections 46(1) and (2), paragraph 46(2)(a) of the IR & D Act; item 65, section 75 of the PDF Act 12.34
Items 48 to 52, subsections 47(1) to (3) of the IR & D Act 12.35
Items 53, 56 and 57, subsection 4(1) 12.15
Item 55, subsection 4(1) 12.16
Item 59, Parts 2 and 9 of the PDF Act 12.18
Items 60 to 64, subsection 71(5) of the PDF Act 12.36
Items 66 to 71, paragraph 16(4)(m), the definitions of 'Board' in subsections 73B(1), 73BD(12), 73BE(7), 73BK(12) and 73BL(7) of the ITAA 1936; items 72 to 87, sections 43-100 (heading) and 43-100, paragraph 118-425(2)(b), subsections 118-425(2), 118-425(3) (note 3), 118-425(14) (heading), 118-425(14), paragraph 118-427(3)(c), subsections 118-427(3), 118-427(4) (note 3), 118-427(15) (heading), 118-427(15), 995-1(1), the definitions of 'form approved by the Venture Capital Registration Board' and 'Venture Capital Registration Board' in subsection 995-1(1) of the ITAA 1997; items 88 to 90, the definitions of 'acting Chairperson' and 'new Board' in subsection 4(1), subsection 4(1A) of the Industrial Research and Development Incentives Act 1976; items 91 to 278, subsection 1-15(2), subsection 3(1) (note), paragraph 3-5(c), sections 3-15 (heading), 3-15, 3-20, 7-1, paragraph 9-3(4)(a), subsections 9-4(1) to (6), paragraph 9-10(1)(b), subsections 9-10(2) and (3), 11-1(1), paragraph 11-1(2)(l), subsection 11-5(1), section 11-10, subsections 11-15(1) to (4), 13-1(1), paragraph 13-1(1)(d), subsection 13-1(1A), paragraphs 13-1(1A)(c), (d) and (f), subsection 13-1(2), paragraph 13-1(2)(d), subsections 13-1(3) to (5), 13-5(1), (1A), (2), 13-15(1), (3) and (5) to (9), 13-20(1) to (3), section 15-1, paragraph 15-1(h), subsection 15-5(1), sections 15-10, 15-15, subsections 15-17(1) to (4), section 15-20, subsections 17-1(1) and (2), paragraphs 17-1(3)(a) to (c), subsections 17-1(5), 17-3(1) to (4), 17-5(1), paragraphs 17-5(2)(a) and (c), subsections 17-5(3), (4) and (6), section 17-10 (heading), subsections 17-10(1) and (2), paragraph 17-10(2)(a), sections 17-15 and 17-20, subsections 17-25(1) and (2), section 21-1, subsections 21-5(1), (2) and (4) to (6), 21-10(1) to (4), 21-20(1), section 21-25 (heading), subsections 21-25(1) to (3), paragraph 21-25(3)(a), subsections 21-30(1) and (2), Part 4 (heading), Division 25 of Part 4 (heading), sections 25-1 and 25-5 (heading), subsections 25-5(1), (1A) and (2) to (6), sections 25-10 (heading), subsections 25-10(1), (1A) and (2) to (6), section 25-15 (heading), subsections 25-15(1), (1A) and (2) to (6), section 29-1, subsections 29-5(1) and (2), 29-10(1), (2) and (4) to (6), paragraph 29-10(6)(b), subsection 29-10(8), paragraph 29-10(8)(a), subsection 29-15(1), sections 33-1, 33-5 (heading) and 33-5, paragraphs 33-5(a), (c) and (d) of the VC Act 12.37
Item 279 (Interpretation), item 280 (Things done to a former Board before commencement), item 281 (Things done to the Chairperson or acting Chairperson of a former Board before commencement), item 282 (Things done by a former Board before commencement), item 283 (Things done by the Chairperson or acting Chairperson of a former Board before commencement), item 284 (Things done by a member or acting member of a former Board before commencement), item 285 (Things done by a person authorised by a former Board before commencement), item 286 (References to a former Board in Instruments etc.) and item 287 (Committees) 12.38


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