House of Representatives
Taxation Laws Amendment Bill (No. 8) 2003
Explanatory Memorandum
(Circulated by authority of the Treasurer, the Hon Peter Costello, MP)Index
Schedule 1: Franking of non-share dividends
| Bill reference | Paragraph number |
|---|---|
| Item 1 | 1.7 |
| Item 2 | 1.8 |
| Items 3 and 7 | 1.10 |
| Item 4 | 1.11 |
| Item 9 | 1.6, 1.9 |
Schedule 2: Various amendments relating to consolidated groups
| Bill reference | Paragraph number |
|---|---|
| Item 1, paragraph 701-55(2)(d) | 2.10 |
| Item 5, section 716-855; item 6, section 701-7 | 2.17 |
| Item 2, subsection 126-60(3); item 3, subsection 126-60(3) (note) | 2.18 |
| Item 4, subsection 705-65(1) | 2.18 |
| Item 8, subsections 104-535(1) and (3) | 2.19 |
| Item 8, subsection 104-535(2) | 2.22 |
| Item 7, section 104-5 (at the end of the table); item 9, section 110-10 (at the end of the table); item 10, subsection 705-40(2) (at the end of the note) | 2.23 |
| Item 11, subsection 701-80(3); item 12, paragraphs 705-45(a) and (aa) | 2.27 |
| Item 13, subsection 701-30(3); item 14, subsection 701-30(4) | 2.32 |
| Item 16, subsection 8W(1C) (formula); item 17, subsection 8W(1C) (definition of capital gain); item 18, subsection 8W(1C); item 20, subsection 284-80(2) (formula); item 21, subsection 284-80(2) (definition of capital gain); item 22, subsection 284-80(2); item 24, subsection 284-150(3) (formula); item 25, subsection 284-150(3) (definition of capital gain); item 26, subsection 284-150(3) | 2.35 |
| Item 15, subsection 8W(1C); item 19, paragraph 284-80(2)(b); item 23, subsection 284-150(3) | 2.36 |
| Item 27, section 102-30 (item 7A in the table); item 28, section 104-5 (table row relating to event number L1); item 29, Subdivision 104-L (heading); item 30, subsection 104-500(1) | 2.41 |
| Item 34, section 110-10 | 2.41 |
| Item 35, paragraph 701B-1(1)(b) | 2.42 |
| Item 36, subsection 719-2(1) | 2.42 |
| Item 37, subsection 719-160(2) | 2.43 |
| Item 31, paragraphs 104-505(1)(a), 104-510(1)(a), 104-515(1)(a), 104-520(1)(a) and 104-525(1)(a); item 32, subsection 104-525(6); item 33, subsection 104-530(1); item 34, section 110-10 | 2.45 |
| Item 38, subsection 701-30(10); item 39, subsection 709-185(1) | 2.46 |
| Item 39, subsection 709-185(2) | 2.48 |
| Item 39, subsection 709-185(3) | 2.49 |
| Item 39, section 709-190 | 2.50 |
| Item 40 | 2.54, 2.56 |
Schedule 3: Conservation covenants
| Bill reference | Paragraph number |
|---|---|
| Item 1, paragraph 31-5(2)(e) | 3.5 |
| Item 2 | 3.6 |
Schedule 4: Depreciation of cars for FBT
| Bill reference | Paragraph number |
|---|---|
| Item 2, subsection 11(1AA) | 4.9 |
Schedule 5: Endorsement of perpetual bodies as deductible gift recipients
| Bill reference | Paragraph number |
|---|---|
| Item 1 | 5.6 |
| Item 2 | 5.6 |
| Item 3 | 5.8 |
Schedule 6: Farm management deposits
| Bill reference | Paragraph number |
|---|---|
| Items 1 to 3 | 6.13 |
| Item 4, subsection 393-52(2) | 6.18 |
| Item 4, subsection 393-52(3) | 6.19 |
| Item 4, subsection 393-52(4) | 6.22 |
| Item 4, subsection 393-52(5) | 6.24 |
| Item 4, subsection 393-52(6) | 6.27 |
Schedule 7: Simplified imputation system - franking deficit tax offset
| Bill reference | Paragraph number |
|---|---|
| Items 1 to 4 | 7.41 |
| Item 4, subsection 205-70(4) | 7.20 |
| Item 5, subsection 205-70(1) | 7.15 |
| Item 5, subsection 205-70(2) | 7.16 |
| Item 5, subsection 205-70(3) | 7.19 |
| Item 5, subsection 219-70(1) | 7.23 |
| Item 5, subsection 219-70(2) | 7.24 |
| Item 5, subsections 219-75(1) and (2) | 7.25 |
| Item 5, subsection 219-75(3) | 7.26 |
| Item 5, subsection 219-75(4) | 7.27 |
| Items 6 and 7 | 7.40 |
| Item 9 | 7.28 |
| Item 10, subsection 205-70(1) | 7.29 |
| Item 10, subsection 205-70(2) | 7.31 |
| Item 10, subsection 205-70(3) | 7.34 |
| Item 10, subsection 205-70(4) | 7.35 |
| Item 10, section 205-75 | 7.36 |
| Item 10, section 205-80 | 7.37 |
| Item 11 | 7.38, 7.39 |
| Items 13 and 14 | 7.42 |
| Item 15 | 7.43 |
| Item 16 | 7.44 |
| Item 17 | 7.45 |
| Item 18 | 7.46 |
| Items 19 and 21 | 7.47 |
| Item 20 | 7.48, 7.49 |