House of Representatives

Tax Laws Amendment (2006 Measures No. 6) Bill 2006

Tax Laws Amendment (2006 Measures No. 6) Act 2007

Explanatory Memorandum

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

Index

Clause

Bill reference Paragraph number
Clause 2, item 4 in the table 2.24, 2.26

Schedule 1: Specific listings of deductible gift recipients

Bill reference Paragraph number
Item 1 1.17
Items 1 to 15 1.5, 1.13, 1.18
Items 2 and 9 1.6
Items 2 and 10 1.7
Item 3 1.14
Items 4 and 12 1.9
Items 5 and 14 1.12
Item 6 1.16
Item 7 1.15
Items 8 and 11 1.8
Items 8 and 13 1.10
Items 8 and 15 1.11

Schedule 2: Technical corrections and amendments

Bill reference Paragraph number
Item 1, section 102AAB, definition of 'approved form' in the ITAA 1936 2.10
Item 2 2.11
Item 3, subsection 124K(1) of the ITAA 1936 2.9
Item 4, paragraph 159ZR(1)(f), definition of 'eligible income' in the ITAA 1936 2.25
Item 5, subsection 160AO(2) of the ITAA 1936 2.16
Items 6, 20 and 21, subsections 160AO(2) and (3) of the ITAA 1936 and paragraphs 298-5(c) and (d) of Schedule 1 to the TAA 1953 2.15
Items 7 to 10, subsections 252(2), (3), (4), (4A) and (6) of the ITAA 1936 2.19
Item 11, section 12-5 of the ITAA 1997 2.8
Item 12, section 40-145 of the ITAA 1997 2.17
Items 13 and 14, paragraphs 118-520(1)(c) and (d) of the ITAA 1997 2.18
Item 15, definition of 'purpose of producing assessable income' in subsection 995-1(1) in the ITAA 1997 2.20
Item 16, definition of 'statutory accounting period' in subsection 995-1(1) in the ITAA 1997 2.12
Items 17 to 19, subsections 6B(1), (2), (5), (8), (9) and (11) of the TAA 1953 2.7
Item 22, Schedule 2 to the Taxation Laws Amendment Act (No. 5) 2001 (item 3) 2.21
Item 23, Schedule 7 to the Tax Laws Amendment (2006 Measures No. 3) Act 2006 (item 4) 2.22
Item 24, subsection 49B(7) of the Airports (Transitional) Act 1996 2.23
Items 25 and 26, subsection 38-50(2) and paragraphs 38-50(7)(b) and 184-1(1)(a), definition of 'individual' in the GST Act and definition of 'apportionable deductions' in subsection 995-1(1) in the ITAA 1997 2.14
Item 26, subparagraph 43-150(a)(v), subsection 87-40(1) and paragraph 204-30(2)(b) of the ITAA 1997 2.13

Copyright notice

© Australian Taxation Office for the Commonwealth of Australia

You are free to copy, adapt, modify, transmit and distribute material on this website as you wish (but not in any way that suggests the ATO or the Commonwealth endorses you or any of your services or products).