House of Representatives
Tax Laws Amendment (2009 Measures No. 2) Bill 2009
Explanatory Memorandum
(Circulated by the authority of the Treasurer, the Hon Wayne Swan MP)Index
Schedule 1: Tax treatment of payments under financial claims scheme
| Bill reference | Paragraph number |
| Items 1 and 30, sections 16AHA of the Banking Act and 62ZZKA of the Insurance Act | 1.91 |
| Items 1 and 30, subsections 16AHA(1) of the Banking Act and 62ZZKA(1) of the Insurance Act | 1.93 |
| Items 1 and 30, subsections 16AHA(2) of the Banking Act and 62ZZKA(2) of the Insurance Act | 1.95, 1.97 |
| Items 1 and 30, subsections 16AHA(3) of the Banking Act and 62ZZKA(3) of the Insurance Act | 1.101, 1.102 |
| Items 1 and 30, subsections 16AHA(4) and (5) of the Banking Act and 62ZZKA(4) and (5) of the Insurance Act | 1.99 |
| Items 2 and 31 | 1.130 |
| Item 3, paragraphs 16AK(4)(ea) and (eb) of the Banking Act | 1.105 |
| Item 8, subsection 128A(4) of the FHSA Act | 1.88 |
| Item 9, subsection 128A(2) of the FHSA Act | 1.83 |
| Item 9, subsection 128A(3) of the FHSA Act | 1.84 |
| Item 9, subsection 128A(4) of the FHSA Act | 1.87 |
| Item 9, subsection 128A(5) of the FHSA Act | 1.89 |
| Item 9, subsection 128A(6) of the FHSA Act | 1.90 |
| Item 10 | 1.129 |
| Items 11 and 12, subsections 393-15(3) and (4) of Schedule 2G to the ITAA 1936 | 1.135 |
| Items 12 and 13, section 393-25 of Schedule 2G to the ITAA 1936 | 1.136 |
| Item 15, subsection 393-80(1) in Schedule 2G to the ITAA 1936 | 1.62, 1.63 |
| Item 15, subsection 393-80(2) in Schedule 2G to the ITAA 1936 | 1.64 |
| Item 15, subsection 393-80(3) in Schedule 2G to the ITAA 1936 | 1.65 |
| Item 15, subsection 393-80(4) in Schedule 2G to the ITAA 1936 | 1.66 |
| Item 15, subsection 393-80(6) in Schedule 2G to the ITAA 1936 | Example 1.5 |
| Item 15, subsection 393-80(7) in Schedule 2G to the ITAA 1936 | 1.72 |
| Item 15, section 393-85 of Schedule 2G to the ITAA 1936 | 1.74, 1.75 |
| Item 16 | 1.126 |
| Items 17 to 19, subsections 104-10(5) and 104-25(5) and section 112-97 | 1.61 |
| Item 20, section 253-5 | 1.52 |
| Item 20, section 253-10 | 1.53 |
| Item 20, section 253-15 | 1.56 |
| Item 21, subsection 306-25(1) | 1.77 |
| Item 21, subsection 306-25(2) | 1.79 |
| Item 21, subsections 306-25(3) and (4) | 1.80 |
| Item 21, subsection 306-25(5) | 1.81 |
| Subitem 22(1) | 1.127 |
| Subitem 22(2) | 1.128 |
| Item 26, section 322-25 | 1.57 |
| Item 26, section 322-30 | 1.60 |
| Items 27 and 29 | 1.125 |
| Item 32, section 62ZZM | 1.59 |
| Item 33, paragraphs 62ZZP(4)(da) and (db) of the Insurance Act | 1.108 |
| Item 34, section 21-1 of Schedule 1 to the TAA 1953 | 1.111 |
| Item 34, subsection 21-5(1) of Schedule 1 to the TAA 1953 | 1.115 |
| Item 34, subsection 21-5(2) of Schedule 1 to the TAA 1953 | 1.119 |
| Subitem 35(1) | 1.132 |
| Subitem 35(2) | 1.134 |
Schedule 2: CGT concessions for small business
| Bill reference | Paragraph number |
| Item 1, subparagraph 152-10(1)(c)(iii) | 2.14 |
| Item 2, subparagraph 152-10(1)(c)(iv); and item 4, subsection 152-10(1A) | 2.18 |
| Item 4, subsection 152-10(1A) | 2.19 |
| Item 4, paragraphs 152-10(1A)(a) and (d) | 2.20 |
| Item 4, paragraph 152-10(1A)(b) | 2.22 |
| Item 4, subsection 152-10(1B) | 2.24, 2.25 |
| Item 4, paragraphs 152-10(1B)(a) and (b) | 2.26 |
| Item 4, paragraph 152-10(1B)(c) | 2.27 |
| Item 4, paragraph 152-10(1B)(d) | 2.28 |
| Item 4, paragraph 152-10(1B)(e) | 2.29 |
| Item 8, paragraphs 152-40(1)(a) and (b) | 2.23 |
| Items 11 and 14, subsections 152-47(1) and (2) | 2.33 |
| Item 14, subsections 152-47(1) to (3) | 2.42 |
| Item 14, paragraph 152-47(1)(c) | 2.34 |
| Item 14, subsection 152-47(2) | 2.35 |
| Item 14, subsection 152-47(3) | 2.36 |
| Item 14, paragraph 152-47(4)(a) | 2.44, 2.45 |
| Item 14, paragraph 152-47(4)(b) | 2.46 |
| Item 14, section 152-48 | 2.21, 2.30, 2.48 |
| Item 14, subsection 152-48(2) | 2.49, 2.54 |
| Item 14, subsection 152-48(3) | 2.51, 2.52 |
| Item 14, section 152-49 | 2.58 |
| Item 14, subsection 152-49(1) | 2.59 |
| Item 14, subsection 152-49(2) | 2.60, 2.61 |
| Item 25, paragraph 152-20(2)(a) | 2.69 |
| Item 26, paragraph 152-40(4)(e) | 2.73 |
| Item 26, paragraph 152-40(4)(e); and item 27, subsection 152-40(4A) | 2.71 |
| Item 27, paragraphs 152-40(4A)(a) and (b) | 2.76 |
| Item 27, paragraph 152-40(4A)(b) | 2.74, 2.75 |
| Items 30 to 32, section 152-80 | 2.78 |
| Items 30 to 32, subparagraphs 152-80(1)(a)(ii) and (b)(iii); and paragraph 152-80(2A)(c) | 2.83 |
| Items 30 to 32, subparagraph 152-80(1)(b)(i) and paragraph 152-80(2A)(d) | 2.84 |
| Item 34, subsection 152-305(1A) | 2.86 |
| Item 35, subsection 152-305(4) | 2.96 |
| Item 36, subsection 152-310(3) | 2.87 |
| Item 36, subsection 152-310(3); and item 38, subsections 152-325(9) and (10) | 2.102 |
| Item 37, subsection 152-325(1) | 2.100 |
| Item 38 | 2.104 |
| Item 38, subsection 152-325(10) | 2.107 |
| Item 38, subsection 152-325(11) | 2.103 |
| Item 39, subsection 328-110(6) | 2.112 |
| Subitem 41(1) | 2.115 |
| Subitems 41(2) and (3) | 2.119 |
| Item 42 | 2.70, 2.77 |
| Item 43 | 2.85 |
| Item 44 | 2.89 |
| Item 45 | 2.98 |
| Item 46 | 2.90, 2.108 |
| Item 47 | 2.114 |
| Item 48 | 2.120 |
| Subitem 48(2) | 2.123 |
Schedule 3: Tax benefits and capital gains tax
| Bill reference | Paragraph number |
| Item 1, paragraph 118-37(1)(h) | 3.8 |
| Item 2 | 3.9 |
Schedule 4: National Urban Water and Desalination Plan
| Bill reference | Paragraph number |
| Items 1, 7 to 9 and 13 to 15 | 4.34 |
| Item 2, section 13-1 | 4.32 |
| Items 3 and 6 | 4.33 |
| Items 4 and 5 | 4.35 |
| Item 10, section 402-755 | 4.10 |
| Item 10, subsection 402-760(1) | 4.15 |
| Item 10, subsection 402-760(2) | 4.28 |
| Item 10, subsections 402-760(6), 402-765(4) and 402-770(4) | 4.21 |
| Item 10, subsection 402-765(3) | 4.14 |
| Item 10, subsection 402-765(4) | 4.12 |
| Item 10, section 402-770 | 4.17 |
| Item 10, subsection 402-770(7) | 4.19 |
| Item 10, section 402-775 | 4.20 |
| Item 10, subsection 402-780(1) | 4.23 |
| Item 10, subsection 402-780(2) | 4.24 |
| Item 10, subsection 402-780(3) | 4.25 |
| Items 11 and 12 | 4.26 |
| Items 16 to 18 | 4.30 |
| Item 19 | 4.31 |
Schedule 5: Deductible gift recipients
| Bill reference | Paragraph number |
| Items 1, 3, 4 and 7 | 5.5 |
| Items 2, 5 and 6 | 5.10 |
| Items 8, 9, 11 and 12 | 5.15 |
Schedule 6: ABN changes
| Bill reference | Paragraph number |
| Item 2, subsection 9(2) | 6.19 |
| Item 2, subsection 9(3) | 6.20 |
| Item 3, paragraph 10(1)(ca) | 6.25 |
| Item 4, paragraph 10(2)(b) | 6.26 |
| Item 9, paragraph 14(2)(b) | 6.21 |
| Item 11, paragraph 15(3)(b) | 6.22 |
| Item 11, item 2 in the table in subsection 15(1) | 6.23 |
| Item 17, subsection 18(4) | 6.24 |
| Item 22, section 21 | 6.28 |
| Item 23, paragraph 25(2)(aa) | 6.30 |
| Item 27, section 29A | 6.31 |
| Item 28, section 41 | 6.18 |
| Item 31, section 41 | 6.29 |
| Item 32 | 6.66 |
| Item 33, paragraph 57(1)(a) in the Product Grants and Benefits Administration Act 2000 | 6.67 |
| Item 34, paragraph 105-140(1)(a) in Schedule 1 to the TAA 1953 | 6.68 |
| Item 37, subsection 3(4) | 6.35 |
| Item 39, section 9A | 6.37 |
| Item 40, subsection 10A(1) | 6.39 |
| Item 40, subsection 10A(2) | 6.40 |
| Item 42, section 11A | 6.41 |
| Item 43, subsection 13(1) | 6.44 |
| Item 45, subsection 13(2) | 6.45 |
| Item 47, item 3 in the table in subsection 15(1) | 6.46 |
| Item 48, subsection 18(1A) | 6.47 |
| Item 49, paragraph 18(4)(b) | 6.48 |
| Item 50, subsection 19(1) | 6.50 |
| Item 51, subsection 21(2) | 6.49 |
| Item 54, subsection 23(3) | 6.51 |
| Item 55, subsection 25(3) | 6.42 |
| Item 55, subsection 25(4) | 6.43 |
| Item 56, paragraph 29A(1)(b) | 6.52 |
| Item 57, paragraph 30(3)(e) | 6.53 |
Schedule 7: Fuel Tax
| Bill reference | Paragraph number |
| Part 2 | 7.10 |
Schedule 8: Government grants for businesses in relation to the 2009 Victorian bushfires
| Bill reference | Paragraph number |
| Item 1 | 8.7 |
| Item 2 | 8.5 |
| Items 3 and 4 | 8.8 |
| Item 5 | 8.9 |