House of Representatives
Tax Laws Amendment (Small Business Measures No. 3) Bill 2015
Explanatory Memorandum
(Circulated by the authority of the Minister for Small Business, the Bruce Billson MP)Index
Schedule 1: Tax discount for unincorporated small businesses
| Bill reference | Paragraph number |
| Item 1, subsection 328-355(1) | 1.11 |
| Item 1, subsection 328-360(1) | 1.53, 1.55, 1.69 |
| Item 1, paragraph 328-360(1)(b) | 1.59, 1.63, 1.68 |
| Item 1, subsections 328-360(1) and (2) | 1.19 |
| Item 1, paragraphs 328-365(1)(a) and (b) | 1.24 |
| Item 1, subparagraphs 328-365(1)(a)(i) and (ii) | 1.34 |
| Item 1, paragraph 328-365(1)(b) | 1.39 |
| Item 1, subsection 328-365(2) | 1.26 |
| Item 1, section 328-370 | 1.50 |
| Item 1, subsection 328-375(1) | 1.72 |
| Item 1, subsection 328-375(2) | 1.73 |
| Item 1, paragraph 328-375(2)(b) | 1.82 |
| Item 1, subsection 328-375(3) | 1.84 |
| Items 2 to 5, table in section 13-1, section 328-5, table in subsection 328-10(1) and subsection 995-1(1) | 1.86 |
Schedule 2: Immediate deductibility for small business start-up expenses
| Bill reference | Paragraph number |
| Items 1 and 2, section 40-825 and subsection 40-880(1) | 2.31 |
| Item 3, subsection 40-880(2A) | 2.15, 2.17 |
| Item 3, paragraph 40-880(2A)(a) | 2.19 |
| Item 3, paragraph 40-880(2A)(b) | 2.20 |
| Item 3, paragraph 40-880(2A)(c) | 2.28, 2.29 |
| Item 4, table item 1A of the table in subsection 328-10(1) | 2.30 |
| Item 5 | 2.32 |
Schedule 3: FBT and portable electronic devices
| Bill reference | Paragraph number |
| Items 1 and 3, subsection 58GA(3) and 136(1) of the FBTAA | 3.43 |
| Item 2, paragraph 58X(4)(b) of the FBTAA 1986 | 3.29, 3.39 |
| Item 4 | 3.44 |