House of Representatives

Tax Laws Amendment (2005 Measures No. 6) Bill 2005

Explanatory Memorandum

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

Index

Schedule 1: Consolidation: available fraction for loss utilisation purposes

Bill reference Paragraph number
Item 1, subsections 707-320(4) and (4A) 1.7
Item 2 1.8
Schedule 2 : Extension of mutuality principle

Bill reference Paragraph number
Item 1, 'mutual receipts' in the table 2.15
Item 2, paragraphs 25-75(1)(e) and (f) 2.16
Item 3, section 59-35 2.11

Schedule 3: Child care tax offset
Schedule 4: Medical expenses offset

Bill reference Paragraph number
Item 2, subsection 159P(4) definition of 'ineligible medical expenses' 4.12
Item 2, subsection 159P(4), paragraph (a) definition of 'ineligible medical expenses' 4.17
Item 2, subsection 159P(4), paragraphs (a) and (b) definition of 'ineligible medical expenses' 4.10
Item 2, subsection 159P(4), paragraph (b) definition of 'ineligible medical expenses' 4.23

Schedule 5: Specific gift recipients

Bill reference Paragraph number
Items 1 and 7 5.6
Items 1 to 10 5.5, 5.7, 5.14
Item 2 5.12, 5.13
Items 3 and 6 5.8
Items 3 and 9 5.9
Items 4, 5 and 8 5.10
Items 4 and 10 5.11


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