Senate

Revised Explanatory Memorandum

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

Chapter 11 Technical amendments

Outline of chapter

11.1 Schedule 12 to this bill makes a number of technical amendments to the ITAA 1936, the ITAA 1997 and other tax-related legislation.

Detailed explanation of new law

11.2 A number of minor technical amendments are made to:

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the Crimes (Taxation Offences) Act 1980 ;

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the Fringe Benefits Tax Assessment Act 1986 ;

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the ITAA 1936;

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the ITAA 1997;

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the International Tax Agreements Act 1953 ;

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the Taxation Administration Act 1953 ; and

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various amending Acts.

[Schedule 12, items 1 to 94]

11.3 The amendments, which are self-explanatory, primarily:

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correct typographical errors;

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renumber incorrect section references;

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correct incorrect cross-references;

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repeal redundant provisions; and

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correct asterisks.

Application and transitional provisions

11.4 The amendments have various dates of effect which are detailed in section 2 of this bill.