Taxation Laws Amendment Bill (No. 5) 1988

Taxation Laws Amendment Act (No. 5) 1988

Sales Tax (Exemptions and Classifications) Amendment Bill (NO.2) 1988

Sales Tax (Exemptions and Classifications) Amendment Act (No. 2) 1988

Income Tax Rates Amendment Bill 1988

Income Tax Rates Amendment Act 1988

Explanatory Memorandum

(Circulated by authority of the Minister representing the Treasurer, Senator the Hon. Peter Walsh)
This memorandum takes account of amendments made by the House of Representatives to the Taxation Laws Amendment Bill (No.5) 1988 as introduced.


General outline 1
Financial impact 4
Main features 5
Notes on clauses 18

Measure Main features Notes on clauses*   Page Page
Gold mining 5 43
Lump sum payments in arrears 6 66
Employee shares 8 22
Imputation 9 95
Research and development 11 31
Films 12 37
Debt creation: non-residents 13 42
Gifts 13 36
Defence Homes cash grants 13 81
Fringe benefits tax 14 18
Sales tax: refunds 15 101
Sales tax: exemptions and classifications 15 102
Income tax rates: companies etc. 17 106
* Main notes on clauses commence on this page.

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