House of Representatives
New Business Tax System (Simplified Tax System) Bill 2000
Explanatory Memorandum
(Circulated by authority of the Treasurer, the Hon Peter Costello, MP)Index
Schedule 1: Simplified Tax System
| Bill reference | Paragraph number |
|---|---|
| Item 1, Subdivision 328-A | 1.2 |
| Item 1, Subdivision 328-C | 1.9 |
| Item 1, Subdivision 328-D | 1.9 |
| Item 1, Subdivision 328-E | 1.9 |
| Item 1, Subdivision 328-F | 2.1 |
| Item 1, Subdivision 328-G | 3.1 |
| Item 1, section 328-50 | 1.7 |
| Item 1, paragraph 328-105(1)(a) | 4.13 |
| Item 1, paragraph 328-105(1)(b) | 4.19, 4.21 |
| Item 1, paragraph 328-105(2)(a) | 4.27 |
| Item 1, paragraph 328-105(2)(b) | 4.17 |
| Item 1, paragraph 328-105(2)(c) | 4.22 |
| Item 1, section 328-110 | 4.32 |
| Item 1, subsection 328-110(2) | 4.33 |
| Item 1, subsection 328-110(3) | 4.34 |
| Item 1, subsection 328-110(4) | 4.36 |
| Item 1, subsection 328-110(5) | 4.37 |
| Item 1, section 328-115 | 4.39 |
| Item 1, subsection 328-115(2) | 4.40 |
| Item 1, subsection 328-115(3) | 4.43 |
| Item 1, section 328-170 | 5.3 |
| Item 1, subsection 328-175(1) | 5.13 |
| Item 1, subsection 328-175(2) | 5.14 |
| Item 1, subsection 328-175(3) | 5.21, 5.73 |
| Item 1, subsection 328-175(4) | 5.21 |
| Item 1, subsection 328-175(5) | 5.23, 5.24 |
| Item 1, subsection 328-175(7) | 5.27 |
| Item 1, subsection 328-175(8) | 5.28 |
| Item 1, section 328-180 | 5.31 |
| Item 1, subsection 328-185(1) | 5.15 |
| Item 1, subsection 328-185(2) | 5.16 |
| Item 1, subsection 328-185(3) | 5.17 |
| Item 1, subsection 328-185(4) | 5.17, 5.44 |
| Item 1, subsections 328-185(5) and (6) | 5.46 |
| Item 1, subsection 328-185(7) | 5.19 |
| Item 1, subsection 328-190(1) | 5.16, 5.43 |
| Item 1, subsection 328-190(2) | 5.44 |
| Item 1, subsection 328-190(3) | 5.47 |
| Item 1, subsection 328-190(4) | 5.48 |
| Item 1, subsection 328-195(1) | 5.35, 5.52 |
| Item 1, subsection 328-195(2) | 5.36, 5.52 |
| Item 1, subsection 328-195(3) | 5.37 |
| Item 1, section 328-200 | 5.49, 5.55 |
| Item 1, subsections 328-205(1) and (2) | 5.38 |
| Item 1, subsection 328-205(3) | 5.41 |
| Item 1, subsection 328-205(4) | 5.42, 5.50 |
| Item 1, paragraphs 328-205(4)(b) and (c) | 5.51 |
| Item 1, section 328-210 | 5.58 |
| Item 1, paragraph 328-215(2)(a) | 5.56 |
| Item 1, paragraph 328-215(2)(b) | 5.59 |
| Item 1, subsection 328-215(3) | 5.56, 5.59 |
| Item 1, subsection 328-215(4) | 5.60 |
| Item 1, section 328-220 | 5.79 |
| Item 1, subsection 328-225(1) | 5.63 |
| Item 1, subsection 328-225(2) | 5.52, 5.63 |
| Item 1, subsection 328-225(3) | 5.72 |
| Item 1, subsection 328-225(4) | 5.67 |
| Item 1, paragraph 328-225(4)(a) | 5.66 |
| Item 1, paragraph 328-225(4)(b) | 5.70 |
| Item 1, paragraph 328-225(5)(a) | 5.75 |
| Item 1, paragraph 328-225(5)(b) | 5.62 |
| Item 1, section 328-230 | 5.76 |
| Item 1, section 328-235 | 5.78 |
| Item 1, section 328-280 | 6.9 |
| Item 1, subsection 328-285(1) | 6.11, 6.13 |
| Item 1, subsection 328-285(2) | 6.12 |
| Item 1, paragraph 328-290(a) | 6.20 |
| Item 1, paragraph 328-290(b) | 6.20 |
| Item 1, subsection 328-295(1) | 6.17, 6.21 |
| Item 1, subsection 328-295(2) | 6.18 |
| Item 1, subsection 328-365(1) | 2.4 |
| Item 1, subsection 328-365(2) | 2.6 |
| Item 1, paragraph 328-365(3)(a) | 2.13 |
| Item 1, paragraph 328-365(3)(b) | 2.13 |
| Item 1, subsection 328-365(4) | 2.35 |
| Item 1, subsection 328-365(5) | 2.36 |
| Item 1, section 328-370 | 2.5, 2.10 |
| Item 1, subsection 328-370(3) | 2.15, 2.16, 2.17 |
| Item 1, subsection 328-375(1) | 2.20 |
| Item 1, subsection 328-375(2) | 2.28 |
| Item 1, subsection 328-375(3) | 2.27 |
| Item 1, subsection 328-375(4) | 2.31 |
| Item 1, section 328-380 | 2.32 |
| Item 1, subsection 328-380(2) | 2.40, 2.47 |
| Item 1, subsection 328-380(3) | 2.40 |
| Item 1, paragraph 328-380(4)(a) | 2.43 |
| Item 1, paragraph 328-380(4)(b) | 2.44 |
| Item 1, subsection 328-380(5) | 2.45, 2.46 |
| Item 1, subsection 328-380(6) | 2.46 |
| Item 1, subsection 328-380(7) | 2.41 |
| Item 1, section 328-435 | 3.3, 3.8, 3.9 |
| Item 1, subsections 328-440(1) and (2) | 3.7 |
| Item 1, subsection 328-440(3) | 3.8 |
| Item 2 | 1.24, 6.26 |
Schedule 2: Consequential amendments
| Bill reference | Paragraph number |
|---|---|
| Item 1 | 1.26 |
| Items 2 to 4 | 4.46 |
| Item 5 | 6.28 |
| Items 6 and 7 | 6.29 |
| Item 8 | 6.30 |
| Items 9 and 10, subsections 70-40(1) and (2) | 6.17, 6.21 |
| Item 11 | 6.31 |
| Items 12 to 14 | 5.81 |
| Item 15 | 2.29 |
| Items 16 to 18 | 5.81 |
| Item 19 | 2.38 |
| Item 20 | 2.12 |
| Item 21 | 2.21 |
| Item 22 | 1.27 |
| Item 23 | 5.81 |
| Item 24 | 1.28, 6.32 |
Schedule 3: Deducting prepayments
| Bill reference | Paragraph number |
|---|---|
| Items 2 and 3, subparagraphs 82KZM(1)(aa)(i) and (ii) | 7.11 |
| Item 4, paragraphs 82KZM(1)(b) and (ba) | 7.11 |
| Item 5, subsection 82KZMA(1) (notes 1 and 2) | 7.19 |
| Items 6 and 7, paragraphs 82KZMA(2)(a) and (b) | 7.13 |
| Items 6 to 8, paragraphs 82KZMA(2)(a) and (b) and subsection 82KZMA(3) | 7.12 |
| Item 9, subsections 82KZMB(8) and (9) | 7.15 |
| Item 10, subsections 82KZMC(1A) and (1B) | 7.14 |
| Items 11 to 13, paragraph 82KZME(1)(b), subsection 82KZME(1) (notes 1 and 2) | 7.16 |
| Item 14 | 7.17 |
| Sub-item 15(1) | 7.18, 7.19 |
| Sub-item 15(2) | 7.17 |