House of Representatives
Tax Laws Amendment (2011 Measures No. 1) Bill 2011
Explanatory Memorandum
(Circulated by the authority of the Deputy Prime Minister and Treasurer, the Hon Wayne Swan MP)Index
Schedule 1: Tax exemption for payments to individuals for recent disasters
| Bill reference | Paragraph number |
| Item 1 | 1.8, 2.10 |
| Item 2 | 1.10, 2.12 |
| Items 3 and 4 | 1.12, 2.14 |
Schedule 2: Tax exemption for recovery grants for the 2010-11 floods and Cyclone Yasi
| Bill reference | Paragraph number |
| Item 1 | 3.9 |
| Item 2 | 3.7 |
| Item 3 | 3.10 |
| Items 4 and 5 | 3.11 |
Schedule 3: First Home Saver Accounts
| Bill reference | Paragraph number |
| Item 1, paragraph 15(2)(e) | 4.22 |
| Item 2, subsection 15(3) | 4.56, 4.57 |
| Items 3, 5, 6, 8 to 10, 14, 17, 22, 26, 28 to 33 and 35 | 4.66 |
| Item 4, subsection 16(2) | 4.64 |
| Items 4, 7 and 20, subsections 16(2) and 17(5) and paragraph 22(1)(c) | 4.47 |
| Item 7, subsection 17(5) | 4.48 |
| Items 7 and 11, subsection 17(5), definition of 'FHSA payment conditions' in section 18 | 4.53 |
| Item 7, subsection 17(6) | 4.54 |
| Item 12, section 18 | 4.50 |
| Items 13, 18, 19, 21 and 27, subparagraph 19(1)(b)(v), paragraphs 21(3)(aa) and 21(4)(a), subsection 23(1) and paragraph 35(1)(c) | 4.45 |
| Items 15 and 16, paragraphs 20(4)(aa) and 20(5)(a) | 4.40 |
| Item 20, paragraph 22(1)(c) | 4.62 |
| Item 21, paragraph 23(1)(a) | 4.36 |
| Item 23, paragraph 265(2)(a) | 4.42 |
| Item 23, paragraph 265(2)(b) | 4.39, 4.58 |
| Items 23 and 27, paragraphs 26(2)(c) and 35(1)(c) | 4.59 |
| Items 24 and 25, subparagraph 31(1)(a)(ia) and section 32A | 4.33 |
| Items 24 and 25, subparagraph 31(1)(a)(ia) and paragraph 32A(1)(e) | 4.30 |
| Item 34, subsection 345-100(2) of the Income Tax Assessment Act 1997 | 4.55 |
| Item 36 | 4.68 |