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


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