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House of Representatives

Taxation Laws Amendment Bill (No. 7) 2000

Taxation Laws Amendment Act (No. 7) 2000

Explanatory Memorandum

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

Index

*Schedule 1: Income tax deductions for gifts*
Bill reference	Paragraph no.
Item 1	1.16
Item 2	1.8
Item 3	1.22
Item 4	1.10, 1.20
Item 5	1.12, 1.14
Item 6	1.18

*Schedule 2: Pay as you go (PAYG) instalments for certain beneficiaries of trusts*
Bill reference	Paragraph no.
Item 1, subsection 45-280(5)	2.25, 2.44
Item 1, subsection 45-280(6)	2.21
Item 1, paragraphs 45-280(6)(a) to (c)	2.22
Item 2, subsection 45-285(1)	2.27, 2.28
Item 2, paragraph 45-285(1)(a)	2.31
Item 2, paragraph 45-285(1)(b)	2.33
Item 2, paragraph 45-285(1)(c)	2.35
Item 2, paragraph 45-285(1)(d)	2.43
Item 2, subsection 45-285(2)	2.46
Item 2, paragraph 45-285(2)(a)	2.49
Item 2, paragraph 45-285(2)(b)	2.48
Item 2, paragraph 45-285(2)(c)	2.48
Item 2, paragraph 45-285(2)(d)	2.49
Item 2, subsection 45-285(3)	2.34
Item 2, subsection 45-287(1)	2.36
Item 2, subsection 45-287(2)	2.37
Item 2, subsection 45-287(3)	2.38
Item 2, paragraph 45-287(4)(a)	2.41
Item 2, paragraph 45-287(4)(b)	2.41
Item 2, paragraphs 45-288(a) to (e)	2.50
Items 3 and 4	2.53
Item 5	2.54

*Schedule 3: CGT small business provisions*
Bill reference	Paragraph no.
Item 1, subsection 116-30(1)	Table 3.1
Items 2, 3 and 5, section 152-12 and paragraphs 152-10(1)(a) and (d)	Table 3.1
Item 4, subsection 152-10(4)	Table 3.1
Item 6, paragraph 152-15(a)(iii)	Table 3.1
Item 7, subsection 152-20(3)	Table 3.1
Items 8 and 9, subsections 152-45(1) and 152-115(1)	Table 3.1
Item 10, subsection 152-125(1)	Table 3.1
Item 11, section 152-220	Table 3.1
Items 12 to 14, subsections 152-325(4) and (7) and paragraph 152-305(1)(b)	Table 3.1
Item 15, section 152-425	Table 3.1
Items 16 and 17	3.6

*Schedule 4: Minor CGT changes*
Bill reference	Paragraph no.
Items 1 to 5	Table 4.1
Item 6 to 59	Table 4.2
Item 60 to 64	Table 4.3
Item 65	4.5

*Schedule 6: Discount capital gains: integrity measures*
Bill reference	Paragraph no.
Item 1, section 115-20	6.18
Item 2, subsection 115-30(1)	6.13
Item 3, subsection 115-45(4)	6.10
Item 3, subsections 115-45(3) and (5) to (7)	6.10
Item 4, section 115-60	6.15
Item 5, subsection 115-215(4)	6.19
Item 6	6.20

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