House of Representatives
Tax and Superannuation Laws Amendment (2014 Measures No. 1) Bill 2014
Explanatory Memorandum
(Circulated by the authority of the Treasurer, the Hon J. B. Hockey MP)Index
Schedule 1: Unlawful payments from regulated superannuation funds
| Bill reference | Paragraph number |
| Item 1, subsection 68B(1) | 1.11, 1.21 |
| Item 1, subsection 68B(2), item 2, paragraph 193(ca) | 1.26 |
| Item 1, subsection 68B(3) | 1.13, 1.16 |
Schedule 2: Administrative directions and penalties for contraventions relating to self managed superannuation funds
| Bill reference | Paragraph number |
| Item 1, section 4; item 2, subparagraph 6(1)(e)(vii) | 2.18 |
| Item 3, subsection 10(1) | 2.19 |
| Item 4, subsection 10(4) | 2.20 |
| Items 5 to 7, 9 to 14, 17 to 21, and 23 to 25, subsections 34(1) and 35B(6), section 35B, subsections 65(1), 67(1) and 84(1), section 103, subsections 104(1), 104A(2), 105(1), 106(1), 106A(1), 124(1), 254(1) and 347A(5) | 2.21 |
| Item 8, paragraphs 56(2)(d) and (e) and 57(2)(d) and (e) | 2.22 |
| Items 15 and 16, paragraphs 104A(1)(c) and 104A(2)(ba) | 2.24 |
| Item 22, Part 20 | 2.28 |
| Item 22, section 157 | 2.29 |
| Item 22, section 158 | 2.30 |
| Item 22, subsection 159(2) | 2.35 |
| Item 22, subsection 159(3) | 2.38 |
| Item 22, paragraph 159(3)(a) | 2.39 |
| Item 22, paragraph 159(3)(b) | 2.40 |
| Item 22, subsection 159(4) | 2.43 |
| Item 22, subsection 159(5) | 2.45 |
| Item 22, subsections 159(6) and (7) | 2.47 |
| Item 22, subsection 160(1) | 2.52 |
| Item 22, subsection 160(2) | 2.54 |
| Item 22, subsection 160(3) | 2.57 |
| Item 22, subsections 160(4) and (5) | 2.59 |
| Item 22, subsection 161(1) | 2.64 |
| Item 22, subsection 161(2) | 2.65 |
| Item 22, subsection 161(3) | 2.67 |
| Item 22, section 162 | 2.70 |
| Item 22, section 163 | 2.71 |
| Item 22, subsection 164(1) | 2.73 |
| Item 22, subsection 164(2) | 2.76 |
| Item 22, subsection 164(3) | 2.78 |
| Item 22, subsection 164(4) | 2.79 |
| Item 22, subsection 164(5) | 2.80 |
| Item 22, subsection 164(6) | 2.81 |
| Item 22, subsection 164(7) | 2.82 |
| Item 22, section 165 | 2.84 |
| Item 22, subsection 166(1) | 2.87 |
| Item 22, subsection 166(2) | 2.89 |
| Item 22, subsection 166(3) | 2.91 |
| Item 22, section 167 | 2.92 |
| Item 22, section 168 | 2.94 |
| Item 22, section 169 | 2.96 |
Schedule 3: Phase-out of rebate for medical expenses
| Bill reference | Paragraph number |
| Item 1, subsection 159P(1B) | 3.16 |
| Item 1, paragraph 159P(1B)(a) | 3.24 |
| Item 1, paragraph 159P(1B)(b) | 3.24, 3.29 |
| Item 1, paragraph 159P(1B)(c) | 3.24, 3.33 |
| Item 1, paragraph 159P(1C)(a) | 3.36 |
| Item 1, paragraph 159P(1C)(b) | 3.37 |
| Item 1, paragraph 159P(1D) | 3.38 |
| Item 2 | 3.40 |
| Items 3 to 8 | 3.44 |
Schedule 4: Deductible gift recipients
| Bill reference | Paragraph number |
| Item 1, item 2.2.18 in the table in subsection 30-25(2) of the ITAA 1997 | 4.10 |
| Item 2, item 9.2.23 in the table in subsection 30-80(2) of the ITAA 1997 | 4.8 |
| Item 3, item 12.2.4 in the table in subsection 30-100(2) of the ITAA 1997 | 4.6 |
| Item 4, item 13.2.20 in the table in section 30-105 of the ITAA 1997 | 4.12 |
| Items 5 to 7 | 4.16 |