House of Representatives

Tax Laws Amendment (2006 Measures No. 5) Bill 2006

Explanatory Memorandum

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


Schedule 1: Fringe benefits tax amendments

Bill reference Paragraph number
Item 1, paragraph 58P(1)(e) 1.13
Item 2, paragraphs 62(1)(a) and (b) 1.18
Items 3 and 5, subsections 135P(1) and 135Q(2) 1.15
Item 4, examples 1 and 2 in subsection 135P(1) 1.16
Item 6, subsection 140(2A) 1.22
Item 7 1.24

Schedule 2: GST car and pharmaceutical concessions

Bill reference Paragraph number
Item 1, subsection 38-50(4A) 2.11
Items 2 and 3, subparagraph 38-505(1)(b)(iv) 2.14

Schedule 3: Removing part-year tax-free threshold for taxpayers who have ceased to be full-time students

Bill reference Paragraph number
Items 1 to 8 3.7
Item 9 3.8

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