House of Representatives
Tax Laws Amendment (2009 Budget Measures No. 2) Bill 2009
Income Tax (TFN Withholding Tax (ESS)) Bill 2009
Explanatory Memorandum
(Circulated by the authority of the Treasurer, the Hon Wayne Swan MP)Index
Schedule 1: Employee share schemes
| Bill reference | Paragraph number |
| Item 1, section 83A-1 | 1.83 |
| Item 1, paragraph 83A-5(a) | 1.87 |
| Item 1, paragraph 83A-5(b) | 1.85 |
| Item 1, subsection 83A-10(1) | 1.92, 1.276 |
| Item 1, subsection 83A-10(2) | 1.90, 1.319 |
| Item 1, section 83A-15 and subsection 83A-25(1) | 1.101 |
| Item 1, subsection 83A-20(1) | 1.99 |
| Item 1, subsection 83A-20(2) | 1.104 |
| Item 1, subsection 83A-20(2) and paragraph 83A-105(1)(a) | 1.142 |
| Item 1, subsection 83A-25(2) | 1.105 |
| Item 1, subsections 83A-25(2) and 83A-110(2) | 1.351 |
| Item 1, section 83A-30 | 1.211 |
| Item 1, section 83A-35 | 1.114 |
| Item 1, subsections 83A-35(1) and paragraph 83A-35(2)(a) | 1.115 |
| Item 1, paragraph 83A-35(2)(b) | 1.117 |
| Item 1, subsection 83A-35(3) | 1.118 |
| Item 1, subsection 83A-35(4) | 1.120 |
| Item 1, subsection 83A-35(5) and paragraph 83A-105(1)(b) | 1.321 |
| Item 1, subsection 83A-35(6) | 1.122 |
| Item 1, subsection 83A-35(7) | 1.126 |
| Item 1, subsection 83A-35(8) | 1.129 |
| Item 1, subsection 83A-35(9) | 1.133 |
| Item 1, section 83A-100 | 1.137 |
| Item 1, subsection 83A-105(1) | 1.140 |
| Item 1, paragraphs 83A-105(1)(b) and (c) and subsection 83A-35(4) | 1.163 |
| Item 1, paragraphs 83A-105(1)(b) and (c) and subsection 83A-35(9) | 1.169 |
| Item 1, subsection 83A-105(2) | 1.165 |
| Item 1, subsection 83A-105(3) | 1.155 |
| Item 1, paragraph 83A-105(4)(a) | 1.175 |
| Item 1, paragraphs 83A-105(1)(b) and (c) | 1.187 |
| Item 1, subparagraph 83A-105(4)(b)(i) | 1.177 |
| Item 1, subparagraph 83A-105(4)(b)(ii) | 1.178 |
| Item 1, subparagraph 83A-105(4)(b)(iii) | 1.180 |
| Item 1, paragraph 83A-105(4)(c) and subsection 83A-105(5) | 1.183 |
| Item 1, subsection 83A-110(1) | 1.144 |
| Item 1, subsection 83A-110(2) | 1.147 |
| Item 1, subsections 83A-115(1), (2 and (4) to (6) | 1.190 |
| Item 1, subsections 83A-115(3) and 83A-120(3) | 1.201 |
| Item 1, subsections 83A-120(1), (2) and (4) to (7) | 1.198 |
| Item 1, section 83A-125 | 1.211 |
| Item 1, subsection 83A-130(1) | 1.246 |
| Item 1, subsections 83A-130(2) and (4) | 1.250 |
| Item 1, subsection 83A-130(3) | 1.259 |
| Item 1, subsection 83A-130(5) | 1.261 |
| Item 1, subsection 83A-130(6) | 1.262 |
| Item 1, subsections 83A-130(7) and (8) | 1.264 |
| Item 1, paragraph 83A-130(9)(a) | 1.263 |
| Item 1, subparagraphs 83A-130(9)(b)(i) and (ii) | 1.265 |
| Item 1, section 83A-200 | 1.337 |
| Item 1, subsection 83A-205(1) | 1.338 |
| Item 1, subsections 83A-205(2) and (3) | 1.339 |
| Item 1, subsection 83A-205(4) | 1.341 |
| Item 1, section 83A-210 | 1.345 |
| Item 1, section 83A-305 | 1.267, 1.270 |
| Item 1, section 83A-310 | 1.330 |
| Item 1, section 83A-315 | 1.110 |
| Item 1, subsections 83A-320(1), (2) and (4) | 1.277 |
| Item 1, subsection 83A-320(3) | 1.278 |
| Item 1, section 83A-325 | 1.373 |
| Item 1, section 83A-330 | 1.130, 1.376 |
| Item 1, subsection 83A-335(1) | 1.377 |
| Item 1, subsection 83A-335(2) | 1.380 |
| Item 1, subsection 83A-335(3) | 1.381 |
| Item 1, section 83A-340 | 1.367 |
| Item 2, subsections 14-155(1) and (3) in Schedule 1 to the TAA 1953, and clause 3 of the Income Tax (TFN Withholding Tax (ESS)) Bill 2009 | 1.300 |
| Item 2, subsection 14-155(2) in Schedule 1 to the TAA 1953 | 1.309 |
| Item 2, subsection 14-155(4) in Schedule 1 to the TAA 1953 | 1.311 |
| Item 2, section 14-160 in Schedule 1 to the TAA 1953 | 1.304 |
| Item 2, section 14-165 in Schedule 1 to the TAA 1953 | 1.312 |
| Item 2, section 14-170 in Schedule 1 to the TAA 1953 | 1.314 |
| Item 2, section 14-175 in Schedule 1 to the TAA 1953 | 1.316 |
| Item 2, section 14-180 in Schedule 1 to the TAA 1953 | 1.317 |
| Items 3 and 4, subsection 16-70(3) and section 16-80 in Schedule 1 to the TAA 1953 | 1.318 |
| Item 5, section 392-1 in Schedule 1 to the TAA 1953 | 1.281 |
| Item 5, subsection 392-5(1) in Schedule 1 to the TAA 1953 | 1.287 |
| Item 5, subsection 392-5(2) in Schedule 1 to the TAA 1953 | 1.289 |
| Item 5, subsection 392-5(3) in Schedule 1 to the TAA 1953 | 1.290 |
| Item 5, subsection 392-5(4) in Schedule 1 to the TAA 1953 | 1.291 |
| Item 5, subsections 392-5(5) and (7) in Schedule 1 to the TAA 1953 | 1.292 |
| Item 5, subsection 392-5(6) in Schedule 1 to the TAA 1953 | 1.307 |
| Item 5, subsection 392-5(6) in Schedule 1 to the TAA 1953 | 1.293 |
| Item 5, section 392-10 in Schedule 1 to the TAA 1953 | 1.294, 1.371 |
| Item 5, section 392-15 in Schedule 1 to the TAA 1953 | 1.297 |
| Items 6, 7, 9, 10, 12 to 18, 20 to 22, 24 to 39, 41 to 59, 65, 67 to 79, 81 and 82 | 1.423 |
| Item 8, paragraphs 136(1)(h) and (ha) | 1.94 |
| Item 11, subsection 21A(7) of the ITAA 1936 and item 23, paragraph 15-2(3)(e) | 1.95 |
| Item 19, item 30 in the table in subsection 170(10AA) of the ITAA 1936 | 1.328, 1.387 |
| Item 19, item 35 in the table in subsection 170(10AA) of the ITAA 1936 | 1.370, 1.389 |
| Item 40, subsection 130-75 | 1.203 |
| Item 40, subsection 130-80(1) | 1.207 |
| Item 40, subsection 130-80(2) | 1.235 |
| Item 40, subsection 130-80(3) | 1.243 |
| Item 40, subsection 130-80(4) | 1.145, 1.233, 1.236 |
| Item 40, paragraph 130-80(4)(a) | 1.335 |
| Item 40, paragraph 130-80(4)(b) | 1.336 |
| Item 40, subsections 130-85(1) and (2) | 1.218 |
| Item 40, subsection 130-85(3) | 1.240 |
| Item 40, subsection 130-85(4) | 1.216 |
| Item 40, subsection 130-90(1) | 1.225 |
| Item 40, subsection 130-90(2) | 1.228 |
| Item 40, section 130-95 | 1.214 |
| Item 40, paragraphs 130-100(a) and (d) to (f) | 1.242 |
| Item 40, paragraph 130-100(b) | 1.239 |
| Item 40, paragraph 130-100(c) | 1.241 |
| Items 60 and 61 and 63 and 64 | 1.366 |
| Item 62 | 1.363 |
| Item 66, section 960-415 | 1.109 |
| Item 80, subsection 286-75(2BA) in Schedule 1 to the TAA 1953 | 1.288 |
| Item 83, paragraph 83A-5(1)(a) of the IT(TP)A 1997 | 1.391 |
| Item 83, paragraph 83A-5(1)(b) of the IT(TP)A 1997 | 1.392 |
| Item 83, paragraph 83A-5(4)(a) of the IT(TP)A 1997 | 1.399 |
| Item 83, paragraph 83A-5(4)(b) of the IT(TP)A 1997 | 1.395 |
| Item 83, paragraph 83A-5(4)(c) of the IT(TP)A 1997 | 1.396 |
| Item 83, paragraph 83A-5(4)(d) of the IT(TP)A 1997 | 1.398 |
| Item 83, paragraph 83A-5(4)(e) of the IT(TP)A 1997 | 1.400 |
| Item 83, subparagraph 83A-5(4)(f)(i) of the IT(TP)A 1997 | 1.403 |
| Item 83, subparagraph 83A-5(4)(f)(ii) of the IT(TP)A 1997 | 1.407 |
| Item 83, paragraph 83A-5(4)(g) of the IT(TP)A 1997 | 1.402 |
| Item 83, subsection 83A-10 of the IT(TP)A 1997 | 1.414 |
| Item 83, section 83A-15 of the IT(TP)A 1997 | 1.413 |
| Items 83 and 86, subsections 83A-5(2) and (3) of the IT(TP)A 1997 | 1.394 |
| Items 84 and 85 | 1.417 |
| Item 87 | 1.418 |
Schedule 2: Non-commercial losses
| Bill reference | Paragraph number |
| Items 3 and 4, paragraphs 35-10(1)(a) and (2A)(a) | 2.21 |
| Item 5, subsection 35-10(2D) | 2.19, 2.20 |
| Item 5, paragraph 35-55(1)(b) | 2.45 |
| Item 7, subsection 35-55(1) | 2.37 |
| Item 8 | 2.44 |
| Item 9, paragraph 35-55(1)(b) | 2.36 |
| Items 9 and 11, paragraphs 35-55(1)(b) and (c) | 2.23 |
| Item 13, note to subsection 35-55(1) | 2.32, 2.35 |
| Item 13, subsection 35-55(3) | 2.26 |
Schedule 3: Lost members' superannuation
| Bill reference | Paragraph number |
| Items 1 to 5, paragraphs 6(a), (ca), (e) and 6(ea) and section 7 | 3.20 |
| Item 6, section 8 | 3.17 |
| Item 7, section 8 | 3.16 |
| Items 8, 9, 11 and 13, section 8, subsections 12(3) and 13(1B) | 3.21 |
| Item 10, section 8 | 3.22 |
| Items 12 and 14, paragraphs 12(1)(c) and 14(c) | 3.23 |
| Items 15 and 16, paragraphs 15A(a) and (b) | 3.24 |
| Item 17, paragraphs 19(1)(e) and (f) | 3.65 |
| Items 18 to 22, section 20H | 3.66 |
| Item 23 | 3.14 |
| Item 24, section 24A | 3.15 |
| Item 24, section 24B | 3.18 |
| Item 24, paragraph 24B(1)(c) | 3.19 |
| Item 24, subsection 24C(1) | 3.30 |
| Item 24, subsections 24C(1) and (5) | 3.26 |
| Item 24, subsection 24C(1) and section 24H | 3.27 |
| Item 24, subsection 24C(2) | 3.31 |
| Item 24, subsection 24C(3) | 3.33 |
| Item 24, subsection 24C(4) | 3.32 |
| Item 24, subsection 24C(6) | 3.34 |
| Item 24, section 24D | 3.38 |
| Item 24, subsection 24E(1) | 3.41 |
| Item 24, subsection 24E(1) and section 24H | 3.43 |
| Item 24, subsections 24E(2) and (3) | 3.44 |
| Item 24, paragraph 24E(4)(a) | 3.45 |
| Item 24, paragraphs 24E(4)(b), (c) and (d) | 3.46 |
| Item 24, subsection 24E(5) | 3.47 |
| Item 24, subsection 24E(6) | 3.48 |
| Item 24, subsection 24E (7) | 3.49 |
| Item 24, subsection 24F(1) | 3.50 |
| Item 24, subsection 24F(2) | 3.51 |
| Item 24, subsection 24G(1) | 3.52 |
| Item 24, paragraphs 24G(2)(a) and (d) | 3.54 |
| Item 24, paragraphs 24G(2)(b) and (c) | 3.55 |
| Item 24, subsection 24G(3) | 3.56 |
| Item 24, subsection 24G(4) | 3.57 |
| Item 24, subsection 24J(2) | 3.58 |
| Item 24, section 24K | 3.60 |
| Item 24, paragraph 24K(4)(a) | 3.61 |
| Item 24, subsection 24K(8) | 3.62 |
| Item 24, section 24L | 3.64 |
| Item 24, section 24M | 3.72 |
| Item 25, subsection 25(4) | 3.67 |
| Item 26, paragraph 29(1)(aa) | 3.68 |
| Item 27, paragraph 18(4B)(ca) of the Financial Transaction Reports Act 1988 | 3.71 |
| Items 28 to 40, section 301-125, subsections 307-5(1), 307-142(1) to (3), 307-300(1) to (3), 307-350(2B), and paragraph 307-120(2)(e) of the ITAA 1997 | 3.73 |
| Item 41, subsection 8AAB(5) of the TAA 1953 | 3.69 |
| Items 42 and 43, subsection 250-10(2) in Schedule 1 to the TAA 1953 | 3.70 |
| Item 44 | 3.74 |
| Item 45 | 3.75 |