House of Representatives

New Business Tax System (Consolidation and Other Measures) Bill (No. 1) 2002

New Business Tax System (Franking Deficit Tax) Amendment Bill 2002

Corrections to the Explanatory Memorandum

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

Corrections to the explanatory memorandum

1. Delete the reference to "subsection 701-12(1)" in paragraph 1.178 and replace with "subsection 701B-1(1)".

2. Delete the reference to "subsection 701-12(3)" in paragraph 1.179 and replace with "subsection 701B-1(3)".

3. Delete the reference to "subsection 701-12(2)" in paragraph 1.180 and replace with "subsection 701B-1(2)".

4. Delete references to "Schedule 18" in paragraphs 5.15 to 5.17 inclusive and replace with "Schedule 14".