• Legal database
Legal database
House of Representatives

Tax Laws Amendment (2011 Measures No. 5) Bill 2011

Tax Laws Amendment (2011 Measures No. 5) Act 2011

Explanatory Memorandum

(Circulated by the authority of the Deputy Prime Minister and Treasurer, the Hon Wayne Swan MP)

Index

Schedule 1: Primary producers' income averaging and farm management deposits

Bill reference Paragraph number
Item 1, subsection 392-20(1) and item 2, subsection 392-20(2) 1.16
Item 1, subsection 392-20(1) and item 2, subsection 392-20(3) 1.18
Item 1, subsection 392-20(1), item 2, subsection 392-20(4) and item 3, subsections 392-22(1) and (2) 1.23
Item 2, subsection 392-20(5) 1.29
Item 3, subsections 392-22(1) and (3) to (5) 1.24
Item 4, note to section 97A of the ITAA 1936 1.33
Item 5, note to section 202DL of the ITAA 1936 1.34
Item 6, subsection 393-5(1) (note 2) 1.32
Items 7 and 8, subsections 393-25(2) and (3) and item 11, section 393-28) 1.30
Item 9, subsection 393-25(3), item 10, subsections 393-25(5) and (6), item 11, section 393-27 1.26
Items 9 and 10, subsections 393-25(3) and (4) 1.25
Item 12, section 393-35 (note to item 1 in the table) 1.31
Item 13, section 393-27 of the Income Tax (Transitional Provisions) Act 1997 1.28
Item 14 1.27

Schedule 2: Interim changes to the taxation of trust income

Bill reference Paragraph number
Item 1, section 95AAA of the ITAA 1936 2.31
Item 1, section 95AAB of the ITAA 1936 2.218
Item 1, subsections 95AAB(3) and 95AAC(5) of the ITAA 1936 2.221
Item 1, section 95AAC of the ITAA 1936 2.219
Item 2, subsection 95(1) of the ITAA 1936 2.128, 2.192
Items 2 and 4, subsection 95(1) of the ITAA 1936 and item 25, subsection 995-1(1) 2.74
Items 2, 4 and 5, subsection 95(1) of the ITAA 1936 and item 25, subsection 995-1(1) 2.73
Items 3 and 6, subsections 95(1) and 100AB(4) of the ITAA 1936 2.195
Item 6, subsection 100AA(1) of the ITAA 1936 2.178
Item 6, subsections 100AA(1) to (3) of the ITAA 1936 2.173
Item 6, paragraphs 100AA(1)(b) and 100AB(1)(b) of the ITAA 1936 2.172
Item 6, paragraph 100AA(1)(c) of the ITAA 1936 2.179
Item 6, subsection 100AA(2) of the ITAA 1936 2.180
Item 6, subsection 100AA(3) of the ITAA 1936 2.181
Item 6, subsections 100AA(3) and 100AB(2) of the ITAA 1936 2.175
Item 6, subsection 100AA(4) of the ITAA 1936 2.182
Item 6, subsections 100AA(4) and (5) of the ITAA 1936 2.183
Item 6, subsection 100AA(6) of the ITAA 1936 2.185
Item 6, subsections 100AA(7) and 100AB(8) of the ITAA 1936 2.171
Item 6, subsections 100AB(1) and (2) of the ITAA 1936 2.174
Item 6, subsections 100AB(1) and (3) of the ITAA 1936 2.189
Item 6, subsection 100AB(2) of the ITAA 1936 2.190
Item 6, subsection 100AB(3) of the ITAA 1936 2.193, 2.194
Item 6, subsection 100AB(4) of the ITAA 1936 2.196
Item 6, subsection 100AB(5) of the ITAA 1936 2.200
Item 6, subsection 100AB(6) of the ITAA 1936 2.201
Item 6, subsection 100AB(7) of the ITAA 1936 2.203
Item 7, section 102UW of the ITAA 1936 2.28, 2.155
Item 7, sections 102UX and 102UY of the ITAA 1936 2.156
Item 7, subsection 102UY(2) of the ITAA 1936 2.157
Item 7, subsection 102UY(3) of the ITAA 1936 2.159
Item 7, subsection 102UY(4) of the ITAA 1936 2.161
Item 8, section 115-200 and item 10 2.81
Item 9, subsection 115-215(3) 2.80, 2.96, 2.97
Item 9, subsection 115-215(3) and item 11, sections 115-225 and 115-227 2.83
Item 11, section 115-220 2.98
Item 11, sections 115-220 and 115-222 2.82
Item 11, subsection 115-220(1) 2.98
Item 11, paragraph 115-220(1)(b) 2.100
Item 11, section 115-222 2.101
Item 11, subsections 115-222(1) and (2) 2.102
Item 11, subsections 115-222(3) and (4) 2.103
Item 11, subsection 115-225(1) 2.90
Item 11, paragraph 115-225(1)(a) 2.91
Item 11, paragraph 115-225(1)(b) 2.89
Item 11, subsection 115-225(2) 2.93
Item 11, subsection 115-225(3) 2.94
Item 11, section 115-227 and item 26, subsection 995-1(1) 2.85
Item 11, subsection 115-228(1) 2.50, 2.54
Item 11, subsection 115-228(1) and item 24, subsection 207-58(1) 2.47, 2.56
Item 11, paragraph 115-228(1)(c) 2.66
Item 11, paragraph 115-228(1)(c) and item 24, paragraph 207-58(1)(c) 2.62
Item 11, subsection 115-228(3) 2.52
Item 11, section 115-228, item 24, section 207-58 and item 27, subsection 995-1(1) 2.37
Item 11, subsection 115-228(1) and item 24, subsection 207-58(1) 2.38, 2.41
Items 12, 13, 15, 16 and 17, section 115-230 2.107
Item 14, subsection 115-230(2) 2.108
Item 17, paragraph 115-230(4)(a) 2.110
Item 17, paragraph 115-230(4)(b) 2.111
Item 18, subsection 207-35(3) 2.144
Item 18, paragraphs 207-35(3)(d) and 207-35(5)(c) 2.143
Item 18, paragraph 207-35(4)(a) 2.145
Item 18, paragraph 207-35(4)(b) 2.147
Item 18, subsections 207-35(5) and (6) 2.148
Item 18, subsection 207-35(6) 2.149
Item 19, subsection 207-37(1) 2.121
Item 19, subsections 207-37(2) and (3) 2.132
Items 20, 21 and 28 to 50 2.222
Item 22, subsection 207-55(3) 2.124
Item 23, subsection 207-55(4) 2.125
Item 23, paragraph 207-55(4)(a) 2.126
Item 23, subparagraphs 207-55(4)(b)(i) and (ii) 2.127
Item 24, subsection 207-58(1) 2.51, 2.53, 2.134
Item 24, paragraph 207-58(1)(c) 2.67
Item 24, subsection 207-58(2) 2.135
Item 24, section 207-59 2.57, 2.139
Item 51, subitem 51(1) 2.204
Item 51, subitems 51(2) to (4) 2.206
Item 51, subitems 51(5) to (7) 2.208
Item 51, subitem 51(7) 2.209

Schedule 3: National Rental Affordability Scheme

Bill reference Paragraph number
Item 1, subsections 380-10(1) and (2) 3.32
Item 1, subsection 380-10(2) 3.39
Item 1, subsection 380-10(3) 3.42
Item 1, section 380-14 3.46
Item 1, subsection 380-15 3.48
Item 1, subsection 380-15(2) 3.49
Item 1, subsection 380-15(3) 3.50
Item 1, sections 380-5 and 380-20 3.51
Item 2, section 380-32 3.41, 3.72
Item 3 3.81
Item 4, subsections 380-11(1) and (4) and 380-12(1) and (2) 3.54
Item 4, subsections 380-11(2) and 380-16(2) 3.71
Item 4, subsections 380-11(3) and 380-16(3) 3.73
Item 4, section 380-12 3.55
Item 4, subsection 380-12(3) 3.59
Item 4, subsection 380-12(4) 3.58
Item 4, subsection 380-12(5) 3.60
Item 4, subsection 380-12(6) 3.61
Item 4, section 380-13 3.62
Items 5, 12, 13 and 15 3.84
Item 6, section 380-16 3.63
Item 6, subsection 380-16(2) 3.68, 3.69
Item 6, subsection 380-16(5) 3.66
Item 6, subsection 380-16(6) 3.67
Item 6, section 380-17 3.64
Item 6, subsection 380-17(2) 3.65
Item 6, section 380-18 3.70
Item 7 3.82
Item 8 3.83
Item 9, paragraph 118-37(1)(j) 3.78
Item 10, section 380-35 3.76, 3.77
Item 11 3.79
Item 14, subsection 995-1(1) 3.28, 3.30
Item 16, subsection 995-1(1) 3.36
Item 17, subsection 995-1(1) 3.22, 3.27
Item 18, subsection 995-1(1) 3.23
Item 19, subsection 995-1(1) 3.35

Schedule 4: Phasing out the dependent spouse tax offset

Bill reference Paragraph number
Item 1, sub-subparagraph 23AB(7)(a)(ii)(D) 4.34
Item 2, subparagraph 23AB(7)(a)(iii) 4.38
Item 3, subsection 23AB(7A) 4.37
Item 4, paragraphs 79A(2)(a), (d) and (e) 4.40
Item 5, subsection 79A(4) 4.41
Item 6, subsection 79A(4) 4.42
Items 7 and 8, subparagraphs 79B(2)(a)(ii) and (iii) 4.43
Items 9 and 10, subsection 79B(4) 4.44
Item 11, subsection 79B(4A) 4.45
Item 12, subsection 79B(6) 4.46
Item 13, subsection 79B(6) 4.47
Item 14, subsection 159HA(7) 4.48
Item 15, subsection 159J(1C) 4.49
Item 15, subsection 159J(ID) 4.50
Item 15, subsection 159J(1E) 4.51
Item 16, subsection 159J(2) (item 5 in the table) 4.52
Item 17, subsection 159J(3) 4.54
Item 18, subsection 159J(3) 4.55
Item 19, subsection 159J(3A) 4.56
Item 20, subsection 159J(5CA) 4.57
Item 21, subsection 159J(5D) 4.58, 4.59
Item 22, subsection 159J(6) 4.60
Item 23, subsection 159J(6) 4.61
Item 24, subsection 159J(6) 4.62
Item 25, paragraph 159JA(1)(a) 4.64
Item 26, paragraph 159JA(3)(b) 4.65
Item 27, subsection 159L(1) 4.66
Item 28, subsection 159L(1) 4.67
Item 29, paragraph 159L(1)(c) 4.68
Item 30, subsection 159L(3) 4.69
Item 31, subsection 159L(4) 4.70
Item 32, subsection 159P(4) 4.71
Item 33, section 13-1 4.73
Item 34 4.72

Schedule 5: Car fringe benefits

Bill reference Paragraph number
Item 1, subsection 9(1) (formula and definition) 5.48
Items 1 and 4, subsection 9(1) (formula and definitions), paragraphs 9(2)(c) and (d) 5.47
Items 2, 3, 5, 6 and 7, subparagraphs 9(2)(a)(i) and 9(2)(e)(i), paragraph 9(2)(b), subsections 9(2) and 136(1) 5.60
Item 8 5.50, 5.53
Item 9 5.55, 5.57, 5.58
Items 10 to 12, subsections 135K(4), 9(1) (note) and 136(1) (definition of 'annualised number of whole kilometres') 5.61


View full documentView full documentBack to top