Taxation Laws Amendment Bill (No. 4) 2002

Correction to the Explanatory Memorandum

(Circulated by authority of the Treasurer, the Hon Peter Costello, MP)

Corrections to the explanatory memorandum

1 In the general outline and financial impact, under the heading of effective life of depreciating assets, under the sub-heading financial impact, delete 'subsidies' and substitute 'timing benefit'.

2 In paragraph 5.73, delete 'subsidies' and substitute 'timing benefit'.