House of Representatives

Tax Laws Amendment (Investment Manager Regime) Bill 2012

Explanatory Memorandum

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

Index

General: Commencement

Bill reference Paragraph number
Section 2 of the Tax Laws Amendment (Investment Manager Regime) Bill 2012, item 8 of the table 2.43

Schedule 1: Investment manager regime - conduit income of 2010-11 and later income years

Bill reference Paragraph number
Item 1, subsection 842-205(1) 1.15
Item 1, subsection 842-205(2) 1.16
Item 1, subsections 842 210(2), 842 215(2) and 842 220(2), item 1, section 842 230 and item 7, subsection 995 1(1) 2.16
Item 1, subsection 842-210(3) 1.59
Item 1, paragraph 842-210(3)(a) 1.35
Item 1, subsection 842-210(4) 1.60
Item 1, section 842-215 1.64
Item 1, sections 842-215 and 842-220 1.62
Item 1, subsections 842-215(3) and (4) 1.65
Item 1, section 842-220 1.68
Item 1, section 842-225 1.62, 1.72
Item 1, section 842 230, and item 7, subsection 995-1(1) 1.18
Item 1, subparagraph 842-230(a)(i) 1.18
Item 1, subparagraph 842-230(a)(ii) 1.18
Item 1, paragraph 842-230(b) 1.18, 1.21
Item 1, subparagraph 842-230(c)(i) 1.18
Item 1, subparagraph 842-230(c)(i) and section 842 240 1.24
Item 1, subparagraph 842-230(c)(ii) 1.18
Item 1, section 842-235 1.31
Item 1, section 842 240 1.25
Item 1, subsection 842 240(4) 1.27
Item 1, section 842-245 1.38

Schedule 1: Investment manager regime - conduit income of 2010-11 and later income years (continued)

Bill reference Paragraph number
Item 1, paragraph 842 250(1)(b) 1.41
Item 1, subsection 842 250(1) 1.43
Item 1, subsection 842 250(2) 1.48
Items 1 and 4, subsections 842 255(1) and 995 1(1) 1.51
Items 1 and 5, subsections 842 255(2) and 995 1(1) 1.52
Items 1 and 8, subsection 842 250(1) and 995 1(1) 1.34
Items 1 and 11, subsections 842 260(1) and 995 1(1) 1.53
Items 1 and 9, subsections 842 260(2) and 995 1(1) 1.54
Items 1 and 10, subsections 842 260(3) and 995 1(1) 1.55
Items 1, 12 and 13, section 842 265 and subsection 995 1(1) 1.56
Item 1, paragraph 842 270 and item 15, subsection 995 1(1) 2.28
Item 1, subsection 842-270(3) and item 14, subsection 995-1(1) 2.31
Items 2 and 17 1.76
Items 3 and 16 1.77

Schedule 2: Investment manager regime - 2010-11 and earlier income years - FIN 48

Bill reference Paragraph number
Item 1, subsection 842-210(2) to the ITTPA 1997 2.43
Item 1, paragraph 842-210(2)(c) to the ITTPA 1997 2.19
Item 1, paragraph 842 210(2)(d) to the ITTPA 1997 2.19
Item 1, subsection 842-210(3) to the ITTPA 1997 2.36
Item 1, subsections 842-215(3), 842-215 (4) and 842-220(3) 2.39
Item 1, paragraph 842-210(3)(a) to the ITTPA 1997 2.26
Item 1, paragraph 842 210(3)(b) to the ITTPA 1997 2.30
Item 1, subsections 842-210(4), 842 215(5) and 842-220(4) to the ITTPA 1997 2.23
Item 1, subsection 842-210(5) to the ITTPA 1997 2.19
Item 1, paragraphs 842-215(2)(c) and 842-220(2)(c) to the ITTPA 1997 2.20
Item 1, paragraphs 842 215(2)(d) and 842-220(2)(d) to the ITTPA 1997 2.20

Schedule 2: Investment manager regime - 2010-11 and earlier income years - FIN 48 (continued)

Bill reference Paragraph number
Item 1, subsections 842-215(6) and 842-220(5) to the ITTPA 1997 2.20
Item 1, section 842-230 to the ITTPA 1997 2.29
Item 1, paragraphs 842-230(2)(b), and 842-230(2)(c) to the ITTPA 1997 2.30
Item 1, section 842-235 to the ITTPA 1997 2.32


View full documentView full documentBack to top