House of Representatives
Taxation Laws Amendment Bill (No. 6) 2001
Explanatory Memorandum
(Circulated by authority of the Treasurer, the Hon Peter Costello, MP)Index
Schedule 1: Petroleum resource rent tax
| Bill reference | Paragraph number |
|---|---|
| Part 1 - Sales gas | |
| Item 1 | 1.10 |
| Items 2 to 4 | 1.21 |
| Item 5, paragraphs 24(1)(d) and (e) | 1.13 |
| Item 5, subsection 24(2) | 1.14 |
| Item 6 | 1.22 |
| Item 7 | 1.23 |
| Item 8, subsection 97(1AA) | 1.18 |
| Item 9, section 97(1AA) | 1.19 |
| Part 2 - 5 year rule | |
| Items 10 to 12 | 2.9 |
| Item 13, subsection 41(3) | 2.12 |
| Item 13, subsection 41(4) | 2.13 |
| Item 13, subsection 41(5) | 2.14 |
| Item 14 | 2.15 |
| Item 15 | 2.16 |
Schedule 2: Income tax exemption for local government businesses
| Bill reference | Paragraph number |
|---|---|
| Item 1 | 3.10 |
| Item 2, paragraph 24AT(ba) | 3.8 |
| Item 3 | 3.11 |
Schedule 3: Superannuation fund residence requirements
| Bill reference | Paragraph number |
|---|---|
| Item 1 | 4.7 |
| Item 2 | 4.8, 4.9, 4.10 |
| Item 3 | 4.11, 4.12 |
| Item 4 | 4.13 |
Schedule 4: Tax relief for shareholders in listed investment companies
| Bill reference | Paragraph number |
|---|---|
| Item 1 | 5.36 |
| Item 2 | 5.37 |
| Item 3 | 5.38 |
| Items 4 and 5 | 5.39 |
| Items 6 and 7 | 5.40 |
| Item 8 | 5.41 |
| Item 9 | 5.42 |
| Item 10, paragraphs 115-280(1)(a) and (b) | 5.29 |
| Item 10, paragraphs 115-280(1)(c) and (d) | 5.26 |
| Item 10, subsection 115-280(2) | 5.30 |
| Item 10, subsection 115-280(3) | 5.24 |
| Item 10, subsection 115-280(4) | 5.32 |
| Item 10, subsection 115-280(5) | 5.33 |
| Item 10, subsection 115-285(1) | 5.19 |
| Item 10, subsection 15-285(2) | 5.20 |
| Item 10, subsection 115-285(3) | 5.21 |
| Item 10, subsection 115-290(1) | 5.11 |
| Item 10, subsection 115-290(2) | 5.12 |
| Item 10, subsection 115-290(3) | 5.16 |
| Item 10, subsection 115-290(4) | 5.13 |
| Item 10, subsections 115-290(5) to (7) | 5.14 |
| Item 10, subsection 115-290(8) | 5.15 |
| Item 10, section 115-295 | 5.25 |
| Items 11 and 12 | 5.43 |
| Items 13 and 14 | 5.44 |
| Item 15 | 5.35 |
Schedule 5: HIH rescue package
| Bill reference | Paragraph number |
|---|---|
| Items 1 and 6, sections 11-5 and 322-10 | 6.17 |
| Items 2, 3 and 6, subsection 104-10(5) and section 322-15 | 6.15 |
| Items 4 and 5 | 6.19 |
| Item 6, section 322-1 | 6.7 |
| Item 6, subsection 322-5(1) | 6.9 |
| Items 6 and 7, subsections 322-5(3) and 995-1(1) | 6.13 |
| Items 6 and 8, subsections 322-5(2) and 995-1(1) | 6.10 |
| Item 9 | 6.18 |
| Item 10, section 78-120 | 6.23 |
| Item 11, section 188-22 | 6.29 |
| Items 12 and 13, section 195-1 | 6.30 |
| Item 14 | 6.31 |
Schedule 6: Personal services income
| Bill reference | Paragraph number |
|---|---|
| Item 2, paragraph 87-40(1)(a) | 7.14 |
| Item 2, paragraph 87-40(1)(b) | 7.12 |
| Item 2, paragraph 87-40(1)(c) | 7.12, 7.15 |
| Item 2, paragraph 87-40(1)(d) | 7.12, 7.16 |
| Item 2, paragraph 87-40(1)(e) | 7.12 |
| Item 2, subsections 87-40(3) and (4) | 7.24 |
| Item 2, subsection 87-40(5) | 7.28 |
| Item 4, section 87-18 | 7.37 |
| Item 4, subsection 87-15(1) | 7.33 |
| Item 4, subsection 87-15(3) | 7.34 |
| Items 4 and 5, paragraph 87-18(1)(a) and subsection 87-18(2) | 7.42 |
| Item 5 | 7.44 |
| Items 7 to 9 | 7.47 |
| Items 10 and 15 | 7.49 |
| Items 11 and 16 | 7.51 |
| Items 12 to 14 | 7.48 |
| Item 17 | 7.53 |
| Subitems 19(1) and (3) | 7.54 |
| Subitem 19(2) | 7.56 |