HOUSE OF REPRESENTATIVES
Taxation Laws Amendment Bill (No. 5) 1997
Supplementary Explanatory Memorandum
(Circulated by authority of the Treasurer, the Hon Peter Costello, MP)General outline and financial impact
The Amendment to the Bill deals with the date of application of certain items of schedule 2 of the Bill.
Date of effect: After 23 October 1997 (the date of introduction of the Bill).
Proposal announced: The proposal was announced in the 1996-97 Budget.
Financial impact: There is no financial impact of the amendment. Details od the financial impact of Schedule 2 of the Bill are contained in the General Outline to the Bill.
Compliance cost impact: There is no compliance cost impact of the amendment. Details of the compliance cost impact of Schedule 2 of the Bill are contained in the General Outline to the Bill.