House of Representatives
Taxation Laws Amendment Bill (No. 9) 2003
Explanatory Memorandum
(Circulated by authority of the Treasurer, the Hon Peter Costello, MP)
Index
Schedule 1: Amendment of the A New Tax System (Goods and Services Tax) Act 1999
| Bill reference |
Paragraph number |
| Items 1 and 3, section 195-1 |
1.13 |
| Items 2, 4 and 5, section 195-1 |
1.8 |
| Item 6 |
1.14 |
Schedule 2: Value shifting: transitional exclusion for certain indirect value shifts relating mainly to services
| Bill reference |
Paragraph number |
| Item 1, subsection 727-230(1) |
2.11, 2.13 |
| Item 1, paragraphs 727-230(1)(c) and (d) |
2.17 |
| Item 1, subsection 727-230(2) |
2.14 |
Schedule 3: Amendments relating to personal services income
| Bill reference |
Paragraph number |
| Item 1, section 61G |
3.13 |
| Item 3, paragraph 86-27(1) |
3.14 |
| Item 3, paragraph 86-27(1)(a) |
3.15 |
| Item 3, paragraph 86-27(1)(b) |
3.16 |
| Item 4, section 86-87 |
3.17 |
| Item 5 |
3.19 |
| Item 6 |
3.18 |
Schedule 4: Sugar industry exit grants
| Bill reference |
Paragraph number |
| Item 1, subsection 170(10AA), item 1A in the table |
4.16 |
| Items 2 and 3, sections 10-5 and 11-10 |
4.23 |
| Item 4, note to section 15-65 |
4.20 |
| Item 4, subsection 15-65(1) |
4.17 |
| Items 4, 6 and 7, subsections 15-65(2) and (3), notes to section 53-10 |
4.15 |
| Item 5, section 53-10, item 4B in the table |
4.9 |
| Item 8, paragraph 118-37(1)(f) |
4.10, 4.18 |
| Item 9 |
4.22 |
Schedule 5: Foreign resident etc. withholding
| Bill reference |
Paragraph number |
| Item 1 |
5.7 |
| Item 2 |
5.8 |
Schedule 6: Demutualisation of friendly societies
| Bill reference |
Paragraph number |
| Items 1 and 2, paragraph 121AB(1)(c) |
6.9 |
| Item 2, subparagraph 121AB(1)(c)(i) |
6.11 |
| Item 2, subparagraph 121AB(1)(c)(ii) |
6.15 |
| Item 2, subparagraph 121AB(1)(c)(iii) |
6.17 |
| Subclause 2(1), item 3 in the table |
6.19 |
Schedule 7: Roll-over relief for partnerships that are STS taxpayers
| Bill reference |
Paragraph number |
| Items 1 to 7 |
7.28 |
| Item 8, subsection 328-240(1) and section 328-243 |
7.11 |
| Item 8, subsection 328-240(2) |
7.12 |
| Item 8, subsection 328-240(3) |
7.13 |
| Item 8, subsections 328-240(4) to (5) |
7.14 |
| Item 8, subsection 328-245(1) |
7.15 |
| Item 8, subsection 328-245(2) |
7.17 |
| Item 8, subsection 328-245(3) |
7.18 |
| Item 8, subsection 328-247(1) |
7.19 |
| Item 8, subsection 328-247(2) |
7.20 |
| Item 8, subsections 328-250(1) to (3) |
7.21 |
| Item 8, subsections 328-250(4) to (5) |
7.22 |
| Item 8, subsections 328-253(1) to (3) |
7.23 |
| Item 8, subsections 328-253(4) to (5) |
7.24 |
| Item 8, section 328-255 |
7.25 |
| Item 8, subsections 328-257(1) to (2) |
7.26 |
| Item 8, subsection 328-257(3) |
7.27 |
| Item 9 |
7.29 |
Schedule 8: Consolidation
| Bill reference |
Paragraph number |
| Item 1, subsection 701-5(1) |
8.14 |
| Item 2, subsection 701-5(2) |
8.12 |
| Item 2, subsections 701-5(3) and (5) |
8.14 |
| Item 2, subsection 701-5(4) |
8.12 |
| Item 3, section 707-145 |
8.16 |
| Item 4, subsections 707-325(5) and (6) |
8.18 |
| Item 5, subsection 707-327(5) |
8.19 |
| Item 6, subsection 707-328A(4) |
8.23 |
| Item 7, subsections 707-350(5) and (6) |
8.25 |
| Item 8, section 719-310 |
8.28 |
| Item 9, section 73BAA and item 10, section 73BABA of the ITAA 1936 |
8.35 |
| Item 11, section 73BACA |
8.40 |
| Item 11, paragraph 73BACA(d) |
8.41 |
| Item 12, paragraph 721-25(3)(b) |
8.42 |
| Item 13, Division 707 of the IT(TP) Act 1997 |
8.43 |
| Item 14 |
8.44 |
