House of Representatives
Tax Laws Amendment (2012 Measures No. 5) Bill 2012
Tax Laws Amendment (2012 Measures No. 5) Act 2012
Explanatory Memorandum
(Circulated by the authority of the Deputy Prime Minister and Treasurer, the Hon Wayne Swan MP)Index
Schedule 1: Conservation tillage refundable tax offset: amendment to the definition of 'eligible no-till seeder'
| Bill reference | Paragraph number |
| Item 1 | 1.8 |
| Item 2 | 1.12 |
Schedule 2: Phase out of the mature age worker tax offset
| Bill reference | Paragraph number |
| Item 1, section 61-550 | 2.8 |
| Item 2, section 61-555 | 2.9 |
| Item 3, section 61-560 | 2.10 |
| Item 4 | 2.11 |
Schedule 3: Compliance regime for gaseous fuels
| Bill reference | Paragraph number |
| Item 1, subsection 4(1) | 3.36 |
| Item 2, subsection 4(1) | 3.16 |
| Item 3 | 3.36 |
| Item 4, subsection 4(1), item 11 | 3.17 |
| Item 5, subsection 4(1) | 3.18 |
| Item 6 | 3.36 |
| Item7, subsection 4(5) | 3.36 |
| Items 7, subsection 4(6) and item 9 | 3.19 |
| Item 10, section 77HB | 3.20 |
| Items 12 and 13, subsections 77L(1) and (2) | 3.21 |
| Item 14, section 77LB | 3.25 |
| Item 14, section 77LC | 3.27 |
| Item 14, section 77LA | 3.22 |
| Item 15, sections 77M and 77N | 3.28 |
| Item 15, section 77P | 3.30 |
| Item 16, section 117BA | 3.31 |
| Item 16, section 117BB | 3.32 |
| Items 17 and 18 | 3.37 |
| Part 2, item 20, subsection 41-10(4) of the Fuel Tax Act | 3.38 |
| Part 2, item 21, table items 24CA and 24CB of the TAA 1953 | 3.39 |
Schedule 4: Blending exemptions
| Bill reference | Paragraph number |
| Items 1 and 5 | 3.34 |
| Items 2, 3 and 4 | 3.34 |
| Item 6 | 3.40 |
Schedule 5: Deductible gift recipients
| Bill reference | Paragraph number |
| Item 1, item 9.2.2 in the table in subsection 30-80(2) of the ITAA 1997 | 4.8 |
| Item 2, item 44AAAA in subsection 30-315 | 4.9 |
Schedule 6: Wine equalisation tax
| Bill reference | Paragraph number |
| Item 1, subsection 19-17(1) | 5.22 |
| Items 1 and 3, subsection 19-17(2) and section 33-1 | 5.23 |
| Item 1, subsection 19-17(2) | 5.26 |
| Item 1, paragraph 19-17(2)(a) | 5.24 |
| Item 1, paragraph 19-17(2)(b) | 5.25 |
| Item 1, subsection 19-17(3) | 5.4 |
| Item 1, subsection 19-17(4) | 5.9 |
| Item 1, subsection 19-17(5) | 5.2 |
| Item 2, subsection 19-28(1) | 5.5 |
| Item 2, subsection 19-28(2) | 5.6 |
| Item 4 | 5.13, 5.14 |
| Items 5 to 11, subsections 13-15(4) and 27-5(2), and sections 13-35 and 19-30 | 5.11 |