House of Representatives
Tax Laws Amendment (2013 Measures No. 3) Bill 2013
Explanatory Memorandum
(Circulated by the authority of the Deputy Prime Minister and Treasurer, the Hon Wayne Swan MP)Index
Schedule 1: Creating a regulatory framework for tax (financial) advice services
| Bill reference | Paragraph number |
| Items 1 to 3, 21, 26, 31 and 32 | 1.112 |
| Item 4 | 1.63 |
| Items 5 and 7 | 1.66 |
| Items 6 and 8 | 1.67, 1.70 |
| Item 9 | 1.110 |
| Item 10 | 1.60 |
| Items 11 and 13 | 1.65 |
| Item 12, paragraph 20-30(2)(a) and item 20, paragraph 40-20(3)(a) | 1.92 |
| Item 12, paragraph 20-30(2)(b) | 1.95 |
| Item 14 | 1.82 |
| Items 15 and 16 | 1.75 |
| Items 17 to 19 | 1.78 |
| Item 20, paragraph 40-20(3)(b) | 1.95 |
| Items 22 and 24 | 1.108 |
| Item 23, paragraph 50-5(2A)(d) | 1.102 |
| Item 23 | 1.101 |
| Item 25 | 1.104 |
| Item 27 | 1.107 |
| Item 28 | 1.109 |
| Items 29 and 30 | 1.83 |
| Item 33 | 1.56, 1.90 |
| Items 34-36 | 1.95 |
| Items 37-39 | 1.92 |
| Item 40 | 1.92 |
| Item 41 | 1.94 |
| Item 42 | 1.111 |
| Item 43, subsection 90-15(1) | 1.33, 1.53 |
| Item 43, paragraph 90-15(1)(a) | 1.41 |
| Item 43, paragraph 90-15(1)(b) | 1.38 |
| Item 43, paragraph 90-15(3)(b) | 1.43, 1.58 |
| Item 43, subsection 90-15(2) | 1.57 |
| Items 44-46 | 1.166 |
| Item 47 | 1.168 |
| Item 47 and item 48, subitem (2) | 1.158 |
| Item 48 and item 49, subitem (3) | 1.160 |
| Item 48 and item 49, subitem (4) | 1.150, 1.151 |
| Item 48 and paragraphs 50(a) and (b) | 1.162 |
| Item 48 and paragraphs 50(c) and (d) | 1.163 |
| Item 48 and item 49, subitem (1) | 1.156, 1.159 |
| Item 48 and item 49, subitem (5) | 1.152 |
| Item 51 | 1.164 |
Schedule 2: Other amendments to the Tax Agent Services Act 2009
| Bill reference | Paragraph number |
| Item 1, paragraph 20-5(1)(c) and items 2 to 4 | 1.114 |
| Item 1 paragraph 20-5(1)(d) | 1.118 |
| Items 5-7 | 1.134 |
| Items 8-10 | 1.121 |
| Items 11, 12, 17 and 26 | 1.139 |
| Items 13-16 | 1.132 |
| Item 18 | 1.145 |
| Item 19, subsections 60-67(1) and (2) | 1.146 |
| Item 19, subsection 60-67(3) | 1.147 |
| Items 20 and 21 | 1.125 |
| Item 22 | 1.115 |
| Item 23 | 1.123 |
| Item 24 | 1.141 |
| Item 25 | 1.128 |
| Item 27 | 1.131 |
| Items 28 and 29 | 1.165 |
Schedule 3: Deductible gift recipients
| Bill reference | Paragraph number |
| Item 1, item 4.2.15 in the table in subsection 30-45(2) of the ITAA 1997 | 3.5 |
| Item 2, item 9.2.14 in the table in subsection 30-80(2) of the ITAA 1997 | 3.7 |
| Items 3 and 4 | 3.10 |