Senate
Diesel and Alternative Fuels Grants Scheme Amendment Bill 2000
Revised Explanatory Memorandum
(Circulated by authority of the Treasurer, the Hon Peter Costello, MP)This Memorandum takes account of amendments made by the House of Representatives to this Bill as introduced.
Chapter 6 - Amendment to the Taxation Administration Act 1953
Outline of Chapter
6.1 The proposed amendments in Schedule 2 to this Bill will make consequential amendments to Taxation Administration Act 1953 (TAA 1953) to introduce references to the Diesel and Alternative Fuels Grants Scheme Act 1999 .
Detailed explanation of new law
6.2 Item 1 of Schedule 2 amends subsection 250-10(2) of the TAA 1953 to insert a reference to the Diesel and Alternative Fuels Grants Scheme Act 1999 into the definitions of 'amount of advance to be repaid' and 'amount payable as a result of an amended assessment'.