House of Representatives
Tax Laws Amendment (2007 Measures No. 4) Bill 2007
Taxation (Trustee Beneficiary Non-disclosure Tax) Bill (No. 1) 2007
Taxation (Trustee Beneficiary Non-disclosure Tax) Bill (No. 2) 2007
Explanatory Memorandum
(Circulated by authority of the Treasurer, the Hon Peter Costello MP)Index
Schedule 1: New foreign income tax offset rules
| Bill reference | Paragraph number |
|---|---|
| Item 1, subsections 770-5(1) and (2) | 1.30 |
| Item 1, subsection 770-10(1) | 1.39, 1.40, 1.41, 1.42, 1.43, 1.44 and 1.53 |
| Item 1, subsection 770-10(1) and items 55 to 61, paragraph 121B(3)(d), subsection 121EG(3A) and paragraph 121EH(e), subsection 121EJ(1) of the ITAA 1936 | 1.91 |
| Item 1, note 2 in subsection 770-10(1) | 1.40 |
| Item 1, subsection 770-10(2) | 1.48 and 1.51 |
| Item 1, note 2 in subsection 770-10(2) | 1.49 |
| Item 1, subsection 770-10(3) | 1.59 |
| Item 1, paragraph 770-10(3)(a) | 1.57 |
| Item 1, paragraph 770-10(3)(b) | 1.58 |
| Item 1, subsection 770-10(4) | 1.64 |
| Item 1, paragraph 770-10(4)(a) | 1.62 |
| Item 1, subsections 770-10(5) and 770-15(2) and (3) | 1.66 |
| Item 1, paragraph 770-15(1)(a) | 1.87 |
| Item 1, subparagraphs 770-15(1)(b)(i) and (ii) | 1.83 |
| Item 1, subparagraph 770-15(1)(b)(iii) | 1.85 |
| Item 1, section 770-70 | 1.125 |
| Item 1, sections 770-70 and 770-75 | 1.31 |
| Item 1, subsection 770-75(1) | 1.126 |
| Item 1, subsection 770-75(2) | 1.129 |
| Item 1, paragraph 770-75(2)(a) | 1.126 |
| Item 1, paragraph 770-75(2)(a) and note 1 in subsection 770-75(2) | 1.127 |
| Item 1, paragraph 770-75(2)(b) | 1.130 and 1.133 |
| Item 1, paragraph 770-75(2)(b) and subsection 770-75(3) | 1.134 |
| Item 1, subparagraph 770-75(2)(b)(ii) and subsection 770-75(4) | 1.137 |
| Item 1, subsection 770-75(3) | 1.136 |
| Item 1, subparagraph 770-75(4)(a)(i) | 1.138 |
| Item 1, subparagraph 770-75(4)(a)(ii) | 1.138 and 1.141 |
| Item 1, subparagraph 770-75(4)(b)(i) | 1.144 |
| Item 1, subparagraph 770-75(4)(b)(ii) | 1.140 and 1.144 |
| Item 1, section 770-80 | 1.128 and 1.152 |
| Item 1, section 770-130 | 1.50 |
| Item 1, subsections 770-130(1) and (2) | 1.98, 1.101 and 1.107 |
| Item 1, subsection 770-130(2) | 1.100 and 1.108 |
| Item 1, paragraph 770-130(3)(a) | 1.109 |
| Item 1, paragraph 770-130(3)(b) | 1.108 |
| Item 1, paragraph 770-130(3)(c) | 1.112 |
| Item 1, section 770-135 | 1.113 |
| Item 1, subsection 770-135(1), subparagraphs 770-135(2)(a)(i) and (ii) and paragraphs 770-135(3)(a) and (b) | 1.68 |
| Item 1, subsection 770-135(1), subparagraph 770-135(2)(a)(iii) and paragraph 770-135(2)(b) | 1.116 |
| Item 1, paragraphs 770-135(2)(b) and (7)(c) | 1.118 |
| Item 1, paragraphs 770-135(3)(a) and (7)(a) and subsection 770-135(4) | 1.114 |
| Item 1, paragraphs 770-135(3)(b) and (7)(b) and subsection 770-135(4) | 1.115 |
| Item 1, paragraph 770-135(3)(c) | 1.77 and 1.117 |
| Item 1, subsection 770-135(4) | 1.68 |
| Item 1, subsection 770-135(5) | 1.70 |
| Item 1, paragraph 770-135(5)(a) | 1.70 |
| Item 1, paragraph 770-135(5)(b) | 1.70 |
| Item 1, paragraph 770-135(5)(c) | 1.77 |
| Item 1, subsection 770-135(6) | 1.77 |
| Item 1, paragraph 770-135(7)(c) | 1.81 |
| Item 1, subsection 770-135(8) | 1.97 |
| Item 1, section 770-140 | 1.122 |
| Item 1, paragraph 770-140(a) | 1.119 |
| Item 1, paragraph 770-140(b) | 1.123 |
| Item 1, section 770-190 | 1.154 and 1.155 |
| Item 1, subsection 770-190(1) and paragraphs 770-190(2)(a) to (c) | 1.157 |
| Item 1, subsection 770-190(1) and paragraph 770-190(2)(b) | 1.158 |
| Item 1, subsection 770-190(2) | 1.159 |
| Item 2, subsection 535(4A) of the ITAA 1936 | 1.184 and 1.185 |
| Item 2, paragraphs 559A(3)(c) and (8)(a) of the ITAA 1936 | 1.217 |
| Item 3, section 559A of the ITAA 1936 | 1.181 and 1.183 |
| Item 3, subsection 559A(1) of the ITAA 1936 | 1.186 |
| Item 3, paragraph 559A(1)(a) of the ITAA 1936 | 1.187 |
| Item 3, paragraph 559A(1)(b) of the ITAA 1936 | 1.188 |
| Item 3, paragraph 559A(1)(c) of the ITAA 1936 | 1.195 |
| Item 3, paragraphs 559A(2)(a) and (b) of the ITAA 1936 | 1.200 |
| Item 3, paragraph 559A(2)(c) of the ITAA 1936 | 1.202 |
| Item 3, paragraph 559A(3)(a) of the ITAA 1936 | 1.204 |
| Item 3, paragraphs 559A(3)(a) and (b) of the ITAA 1936 | 1.205 |
| Item 3, paragraph 559A(3)(c) of the ITAA 1936 | 1.214 |
| Item 3, paragraph 559A(4)(a) of the ITAA 1936 | 1.210 |
| Item 3, subsection 559A(5) of the ITAA 1936 | 1.208 |
| Item 3, subsection 559A(6) and paragraph 559A(4)(b) of the ITAA 1936 | 1.227 |
| Item 3, subsection 559A(6), paragraph 559A(7)(b) and subparagraph 559A(8)(b)(ii) of the ITAA 1936 | 1.222 |
| Item 3, paragraph 559A(7)(a) and subparagraph 559A(8)(b)(i) of the ITAA 1936 | 1.223 |
| Item 3, paragraph 559A(8)(a) of the ITAA 1936 | 1.189 |
| Item 3, subparagraph 559A(8)(b)(ii) of the ITAA 1936 | 1.226 |
| Item 3, subsection 559A(9) of the ITAA 1936 | 1.189 and 1.192 |
| Item 4, section 768-533 | 1.345 |
| Item 5, section 770-1 of the Income Tax (Transitional Provisions) Act 1997 | 1.272 |
| Item 5, subsection 770-1(1) of the Income Tax (Transitional Provisions) Act 1997 | 1.244, 1.245 and 1.246 |
| Item 5, paragraph 770-1(1)(a) of the Income Tax (Transitional Provisions) Act 1997 | 1.245 |
| Item 5, paragraph 770-1(1)(b) of the Income Tax (Transitional Provisions) Act 1997 | 1.245 |
| Item 5, subsections 770-1(1) and (3) of the Income Tax (Transitional Provisions) Act 1997 | 1.247 |
| Item 5, subsection 770-1(2) of the Income Tax (Transitional Provisions) Act 1997 | 1.250 |
| Item 5, subsection 770-1(3) of the Income Tax (Transitional Provisions) Act 1997 | 1.248 and 1.249 |
| Item 5, paragraph 770-5(1)(a) of the Income Tax (Transitional Provisions) Act 1997 | 1.232 |
| Item 5, paragraph 770-5(1)(b) of the Income Tax (Transitional Provisions) Act 1997 | 1.232 |
| Item 5, subsection 770-5(2) of the Income Tax (Transitional Provisions) Act 1997 | 1.232 |
| Item 5, subsection 770-5(3) of the Income Tax (Transitional Provisions) Act 1997 | 1.233 and 1.234 |
| Item 5, section 770-10 of the Income Tax (Transitional Provisions) Act 1997 | 1.235 |
| Item 5, step 1 in the method statement in section 770-10 of the Income Tax (Transitional Provisions) Act 1997 | 1.236, 1.238 and 1.240 |
| Item 5, step 2 in the method statement in section 770-10 of the Income Tax (Transitional Provisions) Act 1997 | 1.241 |
| Item 5, section 770-15 of the Income Tax (Transitional Provisions) Act 1997 | 1.254 |
| Item 5, section 770-20 of the Income Tax (Transitional Provisions) Act 1997 | 1.252 |
| Item 5, section 770-25 of the Income Tax (Transitional Provisions) Act 1997 | 1.256 |
| Item 5, section 770-30 of the Income Tax (Transitional Provisions) Act 1997 | 1.257 |
| Item 5, item 1 in the table in subsection 770-30(1) of the Income Tax (Transitional Provisions) Act 1997 | 1.258 |
| Item 5, items 2 to 4 in the table in subsection 770-30(1) of the Income Tax (Transitional Provisions) Act 1997 | 1.259 |
| Item 5, subsection 770-30(2) of the Income Tax (Transitional Provisions) Act 1997 | 1.259 |
| Item 5, section 770-35 of the Income Tax (Transitional Provisions) Act 1997 | 1.144 and 1.260 |
| Item 5, subsection 770-80(1) of the Income Tax (Transitional Provisions) Act 1997 | 1.262 |
| Item 5, subsection 770-80(2) of the Income Tax (Transitional Provisions) Act 1997 | 1.263 |
| Item 5, subsection 770-80(3) of the Income Tax (Transitional Provisions) Act 1997 | 1.264 |
| Item 5, section 770-85 of the Income Tax (Transitional Provisions) Act 1997 | 1.266 |
| Item 5, section 770-90 of the Income Tax (Transitional Provisions) Act 1997 | 1.273 |
| Item 5, section 770-95 of the Income Tax (Transitional Provisions) Act 1997 | 1.275 |
| Item 5, section 770-100 of the Income Tax (Transitional Provisions) Act 1997 | 1.277 |
| Item 5, subsections 770-100(2) and (3) of the Income Tax (Transitional Provisions) Act 1997 | 1.279 |
| Item 5, paragraph 770-105(1)(b) of the Income Tax (Transitional Provisions) Act 1997 | 1.282 |
| Item 5, subsection 770-105(2) of the Income Tax (Transitional Provisions) Act 1997 | 1.281 and 1.283 |
| Item 5, subsection 770-105(3) of the Income Tax (Transitional Provisions) Act 1997 | 1.281 |
| Item 5, section 770-110 of the Income Tax (Transitional Provisions) Act 1997 | 1.284 |
| Item 5, subsection 770-160(1) of the Income Tax (Transitional Provisions) Act 1997 | 1.295 |
| Item 5, subsection 770-160(2) of the Income Tax (Transitional Provisions) Act 1997 | 1.298 |
| Item 5, section 770-165 of the Income Tax (Transitional Provisions) Act 1997 | 1.288 and 1.290 |
| Item 5, subsection 770-165(3) of the Income Tax (Transitional Provisions) Act 1997 | 1.289 |
| Item 5, section 770-170 of the Income Tax (Transitional Provisions) Act 1997 | 1.292 |
| Item 5, step 1 in the method statement in section 770-170 of the Income Tax (Transitional Provisions) Act 1997 | 1.293 |
| Item 5, step 2 in the method statement in section 770-170 of the Income Tax (Transitional Provisions) Act 1997 | 1.294 |
| Item 5, subsection 770-220(1) of the Income Tax (Transitional Provisions) Act 1997 | 1.303 |
| Item 5, subsection 770-220(2) of the Income Tax (Transitional Provisions) Act 1997 | 1.304 |
| Item 5, item 2 in the table in subsection 770-220(3) of the Income Tax (Transitional Provisions) Act 1997 | 1.306 and 1.308 |
| Item 5, item 2 in the table in subsection 770-220(3) of the Income Tax (Transitional Provisions) Act 1997 and item 57, subsection 121EG(3A) of the ITAA 1936 | 1.308 |
| Item 5, item 4 in the table in subsection 770-220(3) and section 770-225 of the Income Tax (Transitional Provisions) Act 1997 | 1.305 |
| Item 5, subsection 770-230(2) of the Income Tax (Transitional Provisions) Act 1997 | 1.131 and 1.309 |
| Item 5, paragraph 770-230(2)(b) of the Income Tax (Transitional Provisions) Act 1997 | 1.312 |
| Item 5, subsection 770-230(3) of the Income Tax (Transitional Provisions) Act 1997 | 1.309 |
| Item 5, subsection 770-230(4) of the Income Tax (Transitional Provisions) Act 1997 | 1.309 |
| Item 5, subsection 770-230(5) of the Income Tax (Transitional Provisions) Act 1997 | 1.310 and 1.312 |
| Item 5, paragraph 770-285(a) of the Income Tax (Transitional Provisions) Act 1997 | 1.314 |
| Item 5, paragraph 770-285(b) of the Income Tax (Transitional Provisions) Act 1997 | 1.314 |
| Item 5, section 770-290 of the Income Tax (Transitional Provisions) Act 1997 | 1.322 |
| Item 5, subsections 770-290(1) and (2) of the Income Tax (Transitional Provisions) Act 1997 | 1.315 |
| Item 5, subsection 770-290(2) of the Income Tax (Transitional Provisions) Act 1997 | 1.316 and 1.320 |
| Item 5, paragraph 770-290(2)(b) of the Income Tax (Transitional Provisions) Act 1997 | 1.316 |
| Item 5, subsection 770-290(3) of the Income Tax (Transitional Provisions) Act 1997 | 1.316 |
| Item 5, subsection 770-295(1) of the Income Tax (Transitional Provisions) Act 1997 | 1.319 |
| Item 5, subsection 770-295(3) of the Income Tax (Transitional Provisions) Act 1997 | 1.320 and 1.321 |
| Item 5, section 770-300 of the Income Tax (Transitional Provisions) Act 1997 | 1.323 |
| Item 5, section 770-305 of the Income Tax (Transitional Provisions) Act 1997 | 1.324 |
| Item 5, section 770-310 of the Income Tax (Transitional Provisions) Act 1997 | 1.326 |
| Items 6, 7, 9 to 17, 21 to 37, 52 to 54, 62 to 67, 76, 84 to 87, 90, 109, 127, 129 to 132, 134 to 138, 140 to 142, 144, 145, 147, 153 to 163, 195 to 210 and 212, section 195-1 of the A New Tax System (Goods and Services Tax) Act 1999 , paragraph 19(1)(b), subparagraph 19(1)(ba)(ii), paragraph 24(1)(b), subparagraph 24(1)(ba)(ii), paragraph 44(1)(b), subparagraph 44(1)(ba)(ii), paragraph 52(1)(b), subparagraph 52(1)(ba)(ii) of the Fringe Benefits Tax Assessment Act 1986 , subsections 6AB(1), (2) and (6), section 6D, subsections 23AI(2), 23AK(2), 46FA(11), 46FB(6), 47A(2), 102L(6) and 102T(7), sections 121K, 160ADA and 317, subsection 324(1), paragraphs 389(a) and 427(b) of the ITAA 1936, sections 10-5, 12-5, 13-1, 36-10 and 36-25, paragraph 61-570(2)(c), subsection 205-70(2), paragraphs 305-75(2)(b), 305-75(3)(b), 305-75(5)(a), 701-1(4)(c) to (g), 707-110(2)(b) and 707-110(2)(c), subsections 707-130(1), 707-310(3) and 713-225(6A), Subdivision 717-A, subsection 701D-1(1), paragraphs 701D-10(3)(a) and (b) and 707-325(1)(d), subsection 707-325(9), paragraph 707-326(1)(b), subsections 707-328A(6) and 830-20(3), paragraph 830-20(4)(c), subsections 830-20(4) and 830-20(5) of the Income Tax (Transitional Provisions) Act 1997 , subsections 4(2), 11FA(3) and 11FB(3) of the International Tax Agreements Act 1953 , paragraph 14ZW(1)(aaa) of the Taxation Administration Act 1953 | 1.349 |
| Items 8, 25, 38 to 51, 69 to 75, 78, 133, 139, 146, 148 to 152, 179 to 181, paragraph 22(4)(c) of the Bank Integration Act 1991 , subsection 6AB(6), section 102AAB, subsections 102AAM(2) to (4) and 102AAM(4A), section 102AAZC, subsection 177A(1), paragraphs 177(1)(bb), 177(1)(f), 177C(2)(d), 177C(3)(ca), 177C(3)(g), 177F(1)(d) and 177F(3)(d), section 317 of the ITAA 1936, subsections 205-20(4) and 205-70(2), paragraphs 220-400(1)(c) and 220-405(1)(d), section 802-40 | 1.348 |
| Items 18 to 20, subsection 6(1) of the ITAA 1936 | 1.341 |
| Items 22 and 24, subsections 6AB(1), 6AB(1A), 6AB(1B), 6AB(2) and 6AB(6) | 1.351 |
| Item 26 | 1.96 |
| Items 28 and 66, section 6D of the ITAA 1936 | 1.343 |
| Items 36, 37 and 64 | 1.175 |
| Items 59 and 67 | 1.59 |
| Item 64 | 1.69 and 1.300 |
| Item 68, subsection 170(11) of the ITAA 1936 | 1.172 |
| Items 77, 79 to 81, 89, 91 to 93, 123 to 126, 164 to 175, section 317, paragraphs 401(1)(d) and 461(1)(f) of the ITAA 1936, section 717-200, paragraph 717-205(c), section 717-235, paragraph 717-240(c) | 1.47 |
| Items 82, 83, 88, 176 to 178, sections 317 and 334A of the ITAA 1936 and paragraph 768-550(1)(a), subsection 768-550(2) | 1.342 |
| Item 94 | 1.177 |
| Items 94 to 108, 110 to 122, subsections 425(1) to (4), paragraph 426(a), subparagraphs 426(a)(i) and (ii), section 426, paragraphs 427(b) and 427(ba), section 429, subsection 431(1), paragraphs 431(2)(a) and (b), subsections 431(4), (4A), (4B), (4D) and (5) | 1.350 |
| Items 94 to 122, subsections 425(1) to (4), section 426, paragraph 426(a), subparagraphs 426(a)(i) and 426(a)(ii), paragraphs 427(b) and 427(ba), section 429, subsection 431(1), paragraphs 431(2)(a) and (b), subsections 431(4), (4A), (4B), (4D) and (5) of the ITAA 1936 | 1.176 |
| Item 116 | 1.213 |
| Items 117 to 122, subsection 431(1), paragraphs 431(2)(a) and (b), subsections 431(4), (4A), (4B), (4D) and (5) of the ITAA 1936 | 1.344 |
| Items 128 and 211, item 6 in the table in subsection 4-15(2), subsection 24(3) of the International Tax Agreements Act 1953 | 1.165 |
| Items 143 to 145, item 22 in the table in subsection 63-10(1) | 1.340 |
| Items 182 to 187, paragraphs 830-1(a), 830-10(1)(b), 830-10(1)(c), 830-15(1)(b), 830-15(2)(b) and 830-15(3)(b) | 1.347 |
| Item 188, the definition of 'attribution percentage' in subsection 995-1(1) | 1.80 |
| Items 189, 191, 193 and 194, subsection 995-1(1) | 1.351 |
| Items 190 and 192 | 1.351 |
| Item 211, subsections 24(1) and (2) of the International Tax Agreements Act 1953 | 1.166 |
| Item 211, subsection 24(2) of the International Tax Agreements Act 1953 | 1.167 |
| Item 211, subsections 24(2) and (3) of the International Tax Agreements Act 1953 | 1.168 and 1.169 |
| Item 211, subsection 24(3) of the International Tax Agreements Act 1953 | 1.167 |
| Items 213 to 221, subsections 3A(1), 3A(1A) and 3A(2), paragraphs 3A(2)(c) and 9(1A)(b) and 11(b) of the Taxation (Interest on Overpayments and Early Payments) Act 1983 | 1.346 |
| Item 222 | 1.329 and 1.332 |
| Item 223 | 1.333 |
| Item 224 | 1.331 |
| Items 225 and 226 | 1.334 and 1.337 |
| Item 227 | 1.327 |
| Subitems 224(1) and (2) | 1.338 |
Schedule 2: Exchange of membership interests in MDOs
| Bill reference | Paragraph number |
|---|---|
| Items 1 to 4 | 2.26 |
| Item 5, paragraph 124-980(1)(a) | 2.13 |
| Item 5, paragraph 124-980(1)(b) | 2.11 |
| Item 5, paragraph 124-980(1)(c) | 2.15 |
| Item 5, paragraphs 124-980(1)(d) and (f) | 2.10 |
| Item 5, paragraph 124-980(1)(e) | 2.12 |
| Item 5, paragraph 124-980(1)(f) | 2.22 |
| Item 5, subsection 124-980(2) | 2.14 |
| Item 5, paragraph 124-980(3)(a) | 2.15 |
| Item 5, paragraph 124-980(3)(b) | 2.16 |
| Item 5, subsection 124-985(1) | 2.17 |
| Item 5, subsection 124-985(2) | 2.17 |
| Item 5, subsections 124-985(2) and (3) | 2.18 |
| Item 5, subsection 124-985(4) | 2.21 |
| Item 5, subsection 124-990(1) | 2.19 |
| Item 5, subsection 124-990(2) | 2.20 |
| Item 5, section 124-995 | 2.23 |
Schedule 3: Investment by superannuation funds in instalment warrants
| Bill reference | Paragraph number |
|---|---|
| Item 1, subsection 67(4A) of the Superannuation Industry (Supervision) Act 1993 | 3.14 |
| Item 2, subsections 71(8) and (9) of the Superannuation Industry (Supervision) Act 1993 | 3.15 |
Schedule 4: Trustee beneficiary reporting rules
| Bill reference | Paragraph number |
|---|---|
| Item 1, subsection 102UA(1) of the ITAA 1936 | 4.15 |
| Items 3 and 4, of the Taxation (Trustee Beneficiary Non-disclosure Tax) Bill (No. 1) 2007 | 4.30 and 4.37 |
| Items 2, 4 to 11, 18, 20 to 22, 24 to 35, 37, 39, 40, 42 to 48, paragraph 102UA(2)(a), section 102UB and definition of 'correct TB statement', 'correct UB statement', 'listed person', 'TB statement period', 'trustee beneficiary non-disclosure tax', 'UB statement period', 'ultimate beneficiary' and 'ultimate beneficiary non-disclosure tax', heading 'Subdivision 6DC - Trustee beneficiary non-disclosure tax on share of net income', subsection 102UL(2), paragraphs 102UL(3)(a), (4)(a), (4)(c) and (5)(a), subparagraphs (102UL(5)(b)(i) and (ii), heading 'Subdivision 6DD - Payment etc, of trustee beneficiary non-disclosure tax', subsections 102UN(1) and (2), subsection 102UO(1), paragraph 102UO(1)(a), subsection 102UO(2) to (4), note under subsection 102UO(4), section 102UP, paragraph 102UR(1)(a), subsections 102UR(2) and 102URA(1), paragraph 102US(1)(d), heading 'Subdivision E - Making correct TB statement about trustee beneficiaries of tax-preferred amounts', subsection 102UT(3), paragraph 102UT(3)(c), sub-subparagraph 47A(18)(d)(i)(G), subparagraph 102AAE(2)(c)(i), sub-subparagraph 102AAU(1)(c)(i)(C), item 18 in the table in subsection 170(10) and paragraph 254(3)(a) of the ITAA 1936 and item 1AA in the table in subsection 8AAB(4) and item 5 in the table in subsection 250-10(1) of the TAA 1953 | 4.51 |
| Items 4, 15 and 19, definition of 'correct TB statement' in sections 102UB, 102UG and subsection 102UK(1A) of the ITAA 1936 | 4.21 |
| Items 7 and 16, definition of 'TB statement period' in sections 102UB and 102UH of the ITAA 1936 | 4.29 |
| Item 8, definition of 'trustee beneficiary non-disclosure tax' in section 102UB, and item 19, section 102UK of the ITAA 1936 | 4.30 |
| Items 8 and 23, definition of 'trustee beneficiary non-disclosure tax' in section 102UB and subsection 102UM(2) of the ITAA 1936 | 4.37 |
| Items 12 and 14, definition of 'untaxed part' in sections 102UB and 102UE, items 19 and 23, paragraphs 102UK(2)(b) and 102UM(2)(b) of the ITAA 1936 | 4.28 |
| Item 13, definition of 'excluded trust', subsection 102UC(4) of the ITAA 1936 | 4.18 |
| Item 15, subsection 102UG(3) of the ITAA 1936 | 4.23 |
| Item 19, paragraph 102UK(2)(a) of the ITAA 1936 | 4.31 |
| Item 19, subsection 102UK(2A) of the ITAA 1936 | 4.34 |
| Items 19 and 23, paragraphs 102UK(2)(b) and 102UM(2)(b) of the ITAA 1936 | 4.32 |
| Item 23, subsection 102UM(1) of the ITAA 1936 | 4.35 |
| Item 23, paragraph 102UM(2)(a) of the ITAA 1936 | 4.38 |
| Item 36, subsections 102USA(1) to (3) of the ITAA 1936 | 4.40 |
| Item 36, subsection 102USA(4) of the ITAA 1936 | 4.41 |
| Item 38, subsection 102UT(1) of the ITAA 1936 | 4.42 |
| Items 39 and 40, subsection 102UT(3) and paragraph 102UT(3)(c) of the ITAA 1936 | 4.44 |
| Item 41, section 102UU of the ITAA 1936 | 4.24 and 4.25 |
| Items 49 and 50 | 4.45 |
| Item 51 | 4.47 |
| Item 52 | 4.50 |
Schedule 5: Superannuation amendments
| Bill reference | Paragraph number |
|---|---|
| Items 1 and 2, section 290-70 of the ITAA 1997 | 5.72 |
| Items 3 and 4, subsection 290-90(4) of the ITAA 1997 | 5.76 |
| Item 5, subsection 295-385(6) of the ITAA 1997 | 5.40 |
| Item 6, note to subsection 295-485(1) of the ITAA 1997 | 5.70 |
| Items 7 and 8, subsection 295-615(2) of the ITAA 1997 | 5.27 |
| Items 9 to 12, paragraph 307-5(3)(c) of the ITAA 1997 | 5.59 |
| Item 13, paragraph 307-5(3)(d) of the ITAA 1997 and item 14, subsection 307-5(3A) of the ITAA 1997 | 5.61 |
| Item 14, subsection 307-5(3B) of the ITAA 1997 | 5.62 |
| Item 15, subsection 307-290(1) (note) of the ITAA 1997 | 5.66 |
| Item 16, subsection 995-1(1) of the ITAA 1997 | 5.78 |
| Item 17, section 3 of the Income Tax (Former Non-resident Superannuation Funds) Act 1994 | 5.79 |
| Item 18, section 295-485 of the Income Tax (Transitional Provisions) Act 1997 | 5.69 |
| Item 19, paragraph 307-125(4)(b) of the Income Tax (Transitional Provisions) Act 1997 | 5.50 |
| Item 20, paragraph 30-125(6)(b) of the Income Tax (Transitional Provisions) Act 1997 | 5.51 |
| Item 21, paragraph 307-125(6)(b) of the Income Tax (Transitional Provisions) Act 1997 | 5.51 |
| Item 22, paragraph 307-125(6)(b) of the Income Tax (Transitional Provisions) Act 1997 | 5.52 |
| Item 23, paragraph 307-125(6)(c) of the Income Tax (Transitional Provisions) Act 1997 | 5.53 |
| Item 24, subsection 307-125(6A) of the Income Tax (Transitional Provisions) Act 1997 | 5.53 |
| Item 25, section 307-290 of the Income Tax (Transitional Provisions) Act 1997 | 5.65 |
| Item 26, subsection 140A(1) of the Retirement Savings Accounts Act 1997 | 5.29 |
| Item 26, subsection 140A(2) of the Retirement Savings Accounts Act 1997 | 5.31 |
| Item 27, subsection 299SA(1) of the Superannuation Industry (Supervision) Act 1993 | 5.33 |
| Item 27, subsection 299SA(2) of the Superannuation Industry (Supervision) Act 1993 | 5.35 |
| Item 28; item 12 of Schedule 2 to the Superannuation Legislation Amendment (Simplification) Act 2007 | 5.45 and 5.47 |
| Item 29, subsection 45-325(1A) of the TAA 1953 | 5.37 |
| Item 30, subsection 45-365(1A) of the TAA 1953 | 5.38 |
| Items 31 to 42 and 44 to 46, section 9-1 (item 9 in the table), section 9-1 (item 10 in the table, column headed 'because of this provision:'), section 9-1 (item 11 in the table), subsection 9-5(1) (item 5 in the table), subsection 9-5(1) (item 6 in the table), subsection 9-5(1) (item 7 in the table), subsection 9-5(1) (item 8 in the table), subsection 9-5(1) (item 9 in the table), subsection 9-5(1) (item 10 in the table), section 12-5 (item in the table headed 'interest'), section 20-5 (item 8 in the table), subsection 295-390(3) (definition of 'average value of superannuation liabilities'), subsection 295-485(3), subsection 295-485(3) (definition of 'low tax component tax rate'), subsection 995-1(1) (definition of 'index number') of the ITAA 1997 | 5.84 |
| Item 47, subsection 16-165(1) of the TAA 1953 | 5.84 |
| Item 43, subsection 295-390(3) of the ITAA 1997 | 5.82 |
| Subitem 48(1) | 5.85 |
| Subitem 48(2) | 5.86 |
| Subitem 48(3) | 5.87 |
| Subitem 48(4) | 5.88 |
| Subitem 48(5) | 5.89 |
Schedule 6: Specific listings of deductible gift recipients
| Bill reference | Paragraph number |
|---|---|
| Items 1, 3 and 5 | 6.9 and 6.10 |
| Item 2 | 6.6 |
| Items 2 and 4 | 6.7 |
| Items 2, 4 and 6 | 6.11 |
| Items 2 and 6 | 6.8 |
Schedule 7: Minor Amendments
| Bill reference | Paragraph number |
|---|---|
| Item 1, section 41 | Table 7.1 |
| Items 2 to 6 and clause 2, paragraph 38-90(2)(a) and section 195-1 | Table 7.2 |
| Items 7 and 8, subsection 11(1AA) | Table 7.3 |
| Item 9, section 23GA | Table 7.5 |
| Item 10, subsection 46A(8AA) | Table 7.5 |
| Item 11, subsection 128B(3A) | Table 7.5 |
| Item 12, subsections 139E(2) and (4) | Table 7.5 |
| Items 13 and 14, paragraphs 139GA(3)(a) to (d) | Table 7.5 |
| Item 15, section 202DDA | Table 7.5 |
| Items 16 and 17, paragraph 202EE(1)(d) | Table 7.5 |
| Item 18, section 11-10 | Table 7.6 |
| Items 19 and 20, sections 11-15 and 12-15 | Table 7.6 |
| Items 21 and 22, paragraphs 15-55(1)(b) and 15-60(4)(b) | Table 7.6 |
| Items 23 to 33 and 64, paragraph 30-60(c), section 30-255, subsections 30-265(4) and 30-270(4), paragraph 30-275(c), subsections 30-280(1), 30-280(4) and 30-285(1), paragraph 31-5(5)(c) and subsection 995-1(1) | Table 7.6 |
| Item 34, section 50-70 | Table 7.6 |
| Items 35 and 57, subsection 51-57(1) and paragraph 197-20(b) | Table 7.6 |
| Item 36, section 61-560 | Table 7.6 |
| Items 37 and 38, subparagraph 118-12(2)(a)(i) | Table 7.6 |
| Items 39 to 56, 60, 63 and 66, paragraph 165-12(7)(b), subsections 165-12(8) and (9), paragraph 165-37(4)(b), subsections 165-37(5) and (6), paragraph 165-115C(4)(b), subsections 165-115C(5) to (7), paragraphs 165-115GB(2)(a) and 165-123(7)(b), subsections 165-123(8) to (10), paragraph 166-272(8)(b), subsections 166-272(8), (10) and (11), subsection 713-545(6), paragraph 727-95(b) and subsection 995-1(1) | Table 7.6 |
| Item 57 | Table 7.6 |
| Item 58, subsection 320-85(1) (note 1) | Table 7.6 |
| Item 59, subsection 713-545(6) | Table 7.6 |
| Item 60 | Table 7.6 |
| Item 61, subsections 820-37(2) and (3) | Table 7.6 |
| Item 62, subsection 820-946(3) | Table 7.6 |
| Item 63 | Table 7.6 |
| Item 64 | Table 7.6 |
| Item 65, subsection 995-1(1) | Table 7.6 |
| Item 66 | Table 7.6 |
| Item 67, subsection 995-1(1) | Table 7.6 |
| Item 68, subsection 995-1(1) | Table 7.6 |
| Item 69, section 3 | Table 7.7 |
| Item 70, section 4 | Table 7.7 |
| Item 71, paragraph 7(a) | Table 7.7 |
| Item 72, section 8 | Table 7.7 |
| Items 73 to 96, subsections (3)(1) and 23(1A), paragraphs 23(2)(a) to (d), subsections 23(3) to (6), section 23A, paragraphs 23A(a) and (b), sections 23B and 23C, and subparagraphs 29(2)(c)(iii) and (iv) | Table 7.8 |
| Item 97, heading to Division 136 | Table 7.9 |
| Item 98 | Table 7.9 |
| Items 99 to 101, section 14ZQ | Table 7.10 |
| Item 102, subsection 288-80(4) in Schedule 1 | Table 7.10 |
| Item 103, paragraph 9(6)(b) | Table 7.11 |
| Item 104 | Table 7.12 |
| Sections 5 and 7 | Table 7.3 |
| Section 97A | Table 7.5 |
| Sections 701C-10 and 701C-15 | Table 7.9 |
Schedule 8: Family trusts
| Bill reference | Paragraph number |
|---|---|
| Items 1 and 9, paragraph 270-25(1)(da) and subsection 272-90(3A) | 8.44 |
| Item 2, subsection 272-80(5A) | 8.31 |
| Item 2, subsections 272-80(5C) and (5D) | 8.38 |
| Item 3, subsection 272-80(6A) | 8.15 |
| Item 3, paragraphs 272-80(6A)(a) and (b) | 8.16 |
| Item 3, paragraph 272-80(6B)(a) | 8.18 and 8.34 |
| Item 3, paragraph 272-80(6B)(b) | 8.19 and 8.35 |
| Item 4, subsection 272-80(8) | 8.20, 8.21, 8.36, 8.37 |
| Item 4, subsection 272-80(9) | 8.17 and 8.33 |
| Item 6, subsection 272-85(5A) | 8.22 and 8.23 |
| Item 6, subsection 272-85(5B) | 8.24 |
| Item 6, subsection 272-85(5C) | 8.25 and 8.26 |
| Item 6, subsection 272-85(6) | 8.27 and 8.28 |
| Item 6, subsection 272-85(6A) | 8.29 |
| Item 6, subsection 272-85(6B) | 8.30 |
| Item 8, subsection 272-90(2A) | 8.39 and 8.43 |
| Item 8, paragraph 272-90(2A)(a) | 8.40 |
| Item 8, paragraph 272-90(2A)(b) | 8.41 |
| Item 8, paragraph 272-90(2A)(c) | 8.42 |
| Item 10, section 272-95 | 8.45 |
| Item 10, subsection 272-95(2) | 8.47 |
| Item 10, subsection 272-95(3) | 8.46 |
| Items 11 to 13, section 272-140 | 8.48 |
| Item 14 | 8.49 |