House of Representatives

Tax and Superannuation Laws Amendment (2014 Measures No. 1) Bill 2014

Explanatory Memorandum

(Circulated by the authority of the Treasurer, the Hon J. B. Hockey MP)

Index

Schedule 1: Unlawful payments from regulated superannuation funds

Bill reference Paragraph number
Item 1, subsection 68B(1) 1.11, 1.21
Item 1, subsection 68B(2), item 2, paragraph 193(ca) 1.26
Item 1, subsection 68B(3) 1.13, 1.16

Schedule 2: Administrative directions and penalties for contraventions relating to self managed superannuation funds

Bill reference Paragraph number
Item 1, section 4; item 2, subparagraph 6(1)(e)(vii) 2.18
Item 3, subsection 10(1) 2.19
Item 4, subsection 10(4) 2.20
Items 5 to 7, 9 to 14, 17 to 21, and 23 to 25, subsections 34(1) and 35B(6), section 35B, subsections 65(1), 67(1) and 84(1), section 103, subsections 104(1), 104A(2), 105(1), 106(1), 106A(1), 124(1), 254(1) and 347A(5) 2.21
Item 8, paragraphs 56(2)(d) and (e) and 57(2)(d) and (e) 2.22
Items 15 and 16, paragraphs 104A(1)(c) and 104A(2)(ba) 2.24
Item 22, Part 20 2.28
Item 22, section 157 2.29
Item 22, section 158 2.30
Item 22, subsection 159(2) 2.35
Item 22, subsection 159(3) 2.38
Item 22, paragraph 159(3)(a) 2.39
Item 22, paragraph 159(3)(b) 2.40
Item 22, subsection 159(4) 2.43
Item 22, subsection 159(5) 2.45
Item 22, subsections 159(6) and (7) 2.47
Item 22, subsection 160(1) 2.52
Item 22, subsection 160(2) 2.54
Item 22, subsection 160(3) 2.57
Item 22, subsections 160(4) and (5) 2.59
Item 22, subsection 161(1) 2.64
Item 22, subsection 161(2) 2.65
Item 22, subsection 161(3) 2.67
Item 22, section 162 2.70
Item 22, section 163 2.71
Item 22, subsection 164(1) 2.73
Item 22, subsection 164(2) 2.76
Item 22, subsection 164(3) 2.78
Item 22, subsection 164(4) 2.79
Item 22, subsection 164(5) 2.80
Item 22, subsection 164(6) 2.81
Item 22, subsection 164(7) 2.82
Item 22, section 165 2.84
Item 22, subsection 166(1) 2.87
Item 22, subsection 166(2) 2.89
Item 22, subsection 166(3) 2.91
Item 22, section 167 2.92
Item 22, section 168 2.94
Item 22, section 169 2.96

Schedule 3: Phase-out of rebate for medical expenses

Bill reference Paragraph number
Item 1, subsection 159P(1B) 3.16
Item 1, paragraph 159P(1B)(a) 3.24
Item 1, paragraph 159P(1B)(b) 3.24, 3.29
Item 1, paragraph 159P(1B)(c) 3.24, 3.33
Item 1, paragraph 159P(1C)(a) 3.36
Item 1, paragraph 159P(1C)(b) 3.37
Item 1, paragraph 159P(1D) 3.38
Item 2 3.40
Items 3 to 8 3.44

Schedule 4: Deductible gift recipients

Bill reference Paragraph number
Item 1, item 2.2.18 in the table in subsection 30-25(2) of the ITAA 1997 4.10
Item 2, item 9.2.23 in the table in subsection 30-80(2) of the ITAA 1997 4.8
Item 3, item 12.2.4 in the table in subsection 30-100(2) of the ITAA 1997 4.6
Item 4, item 13.2.20 in the table in section 30-105 of the ITAA 1997 4.12
Items 5 to 7 4.16


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