House of Representatives
Taxation Laws Amendment (Company Distributions) Bill 1987
Taxation Laws Amendment (Company Distributions) Act 1987
Income Tax (Franking Deficit) Bill 1987
Income Tax Rates Amendment Bill 1987
Income Tax Rates Amendment Act 1987
Explanatory Memorandum PART B
(Circulated by authority of the Treasurer, the Hon. P.J. Keating M.P.)FOREWORD
Part A of this Explanatory Memorandum, which contains an outline and broad explanation of the measures in the Taxation Laws Amendment (Company Distributions) Bill 1987, the Income Tax (Franking Deficit) Bill 1987 and the Income Tax Rates Amendment Bill 1987, was circulated on introduction of the Bills into the House of Representatives.
This Part - Part B - contains a clause by clause explanation of the Bills.