House of Representatives
Tax Laws Amendment (Stronger, Fairer, Simpler and Other Measures) Bill 2011
Explanatory Memorandum
(Circulated By Authority of the Deputy Prime Minister and Treasurer, the Hon Wayne Swan MP)Index
Schedule 1: Entrepreneurs' tax offset
| Bill reference | Paragraph number |
| Items 1 to 3, headings under section 13-1, Subdivision 61-J | 1.8 |
| Items 4 to 9, note to subsection 328-10(2), section 995-1, paragraphs 328-111(2)(c) and 328-112(3)(c) of the IT(TP)A 1997, paragraph (c) of step 1 in section 45-340 in Schedule 1 to the TAA 1953 | 1.10 |
| Item 10 | 1.9 |
Schedule 2: Increase to the small business instant asset write-off threshold
| Bill reference | Paragraph number |
| Items 1 to 3, 5 to 7, 16 to 24, 26, 27, 30 to 39, 40, 44, 46 to 54 and 61 to 64 | 2.32 |
| Items 4, 8, 9 and 67 to 69 | 2.13 |
| Items 8 to 13, 68 and 69 | 2.11 |
| Items 10 to 13 and 69 | 2.18 |
| Item 14 | 2.20 |
| Items 15 and 65, section 328-200 of the Income Tax (Transitional Provisions) Act 1997 (IT(TP)A 1997) | 2.21 |
| Items 25, 28 and 29 | 2.23 |
| Items 41 to 43, 70 and 71 | 2.24 |
| Items 45 and 72 | 2.19 |
| Items 55 to 60 and 72 to 74 | 2.28 |
| Item 65 | 2.33 |
| Items 66 and 75 | 2.29 |
Schedule 3: Small business entities' deductions for motor vehicles
| Bill reference | Paragraph number |
| Item 1, subsection 328-190(2A) | 3.23 |
| Item 2 | 3.37 |
| Item 3, subsection 328-237(1) | 3.18 |
| Item 3, paragraph 328-237(1)(d) | 3.15, 3.19 |
| Item 3, subsections 328-237(2) and (3) | 3.24 |
| Item 3, subsections 328-237(2) to (4) | 3.21 |
| Item 3, subsections 328-237(2) and (4) | 3.22 |
| Item 3, subsection 328-237(5) | 3.27 |
| Items 4 to 6, subsections 328-250(1) and (2) and paragraph 328-250(3)(b) | 3.34 |
| Item 7 | 3.36 |
Schedule 4: Low income superannuation contribution
| Bill reference | Paragraph number |
| Item 2, section 12B | 4.16, 4.24, 4.31 |
| Item 2, section 12C | 4.8 |
| Item 2, subsection 12C(b) | 4.17 |
| Item 2, paragraph 12E(2)(a) | 4.22 |
| Item 2, paragraph 12E(2)(c) | 4.23 |
| Item 3, paragraph 14(1)(d) | 4.15 |