House of Representatives
Tax and Superannuation Laws Amendment (2015 Measures No. 5) Bill 2015
Explanatory Memorandum
(Circulated by the authority of the Minister for Small Business and Assistant Treasurer, the Hon Kelly O'Dwyer MP)Index
Schedule 1: Modernising the car expense deduction rules
| Bill reference | Paragraph number |
| Item 1 | 1.25 |
| Item 2 | 1.26, 1.28 |
| Item 3 | 1.21, 1.24 |
| Items 4, 7, 8, 11, 12, 15, 16, 19 and 20 | 1.38 |
| Items 5, 9, 13 and 17 | 1.36 |
| Items 6, 10, 14 and 18 | 1.33 |
| Items 21 to 44 | 1.31 |
| Item 45 | 1.40 |
| Item 46 | 1.39 |
Schedule 2: Zone tax offset
| Bill reference | Paragraph number |
| Items 1 to 14, subsection 79A(2), paragraphs 79A(2)(b) and (c), paragraphs 79A(3B)(a), (b) and (c), subparagraphs 79A(3B)(d)(i), (ii) and (iii), 79A(3B)(e)(i) and (ii), 79A(3B)(e)(iv) and (v), subsection 79A(3C), paragraphs 79A(3C)(a) and (b) of the ITAA 1936 | 2.13 |
| Item 15 | 2.14 |
Schedule 3: Limiting FBT concessions on salary packaged entertainment benefits
| Bill reference | Paragraph number |
| Items 1, 2 and 7, subsection 5B(1), step 3 (paragraph (a)) of the method statement in subsection 5B(1)(e) and step 2 (paragraph (a) of the method statement in subsection 65J(2B) | 3.92 |
| Items 2 and 3, subsection 5B(1E) (step 3A in the method statement) and subsection 5B(1M) | 3.84 |
| Items 4 and 5, paragraphs 5E(3)(a) and (c) | 3.74 |
| Bill reference | Paragraph number |
| Items 6, 10 and 11, section 37AC and subsection 152B(2) | 3.77 |
| Items 7 and 8, subsection 65J(2B) (step 2A in the method statement) and subsection 65J(2J) | 3.88 |
| Item 9, definition of 'salary packaging arrangement' in subsection 136(1) | 3.90 |
| Item 12 | 3.93 |
Schedule 4: Third party reporting
| Bill reference | Paragraph number |
| Item 1, section 396-55 | 4.15 |
| Item 1, table item 1 in section 396-55 | 4.42 |
| Item 1, table item 2 in section 396-55 | 4.51 |
| Item 1, table item 3 in section 396-55 and subsections 396-60(1) and (3) | 4.56 |
| Item 1, table item 4 in section 396-55 | 4.62 |
| Item 1, table item 5 in section 396-55 | 4.65 |
| Item 1, table item 6 in section 396-55 | 4.67 |
| Item 1, table item 7 in section 396-55 | 4.69 |
| Item 1, table item 8 in section 396-55 | 4.74 |
| Item 1, table item 9 in section 396-55 | 4.75 |
| Item 1, paragraph 396-55(a) | 4.26 |
| Item 1, subparagraph 396-55(b)(i) | 4.29 |
| Item 1, subparagraph 396-55(b)(ii) | 4.31 |
| Item 1, subsection 396-60(1) | 4.17 |
| Item 1, subsection 396-60(2) | 4.19 |
| Item 1, paragraph 396-60(1)(a) | 4.21 |
| Item 1, section 396-65 | 4.41 |
| Item 1, subsections 396-70(1) and (2) | 4.38 |
| Item 1, subsection 396-70(3) | 4.39 |
| Item 1, subsection 396-70(4) | 4.40 |
| Item 1, section 396-75 | 4.23 |
| Item 2, subsection 995-1(1) of the Income Tax Assessment Act 1997 (ITAA 1997) | 4.61 |
| Bill reference | Paragraph number |
| Items 2 to 15 and 22 to 26, paragraphs 20-30(2)(b) and 40-20(3)(b), subparagraphs 60-125(8)(c)(iv) and 60-125(8)(d)(iii) and subsection 70-40(3A) of the Tax Agent Services Act 2009, subparagraph 12-400(3)(b)(ii), paragraphs 355-70(4)(l) and 355-70(7)(d), subsections 12-403(3), 355-65(3) and 355-65(4) and section 269-50 of Schedule 1 to the TAA 1953, and section 995-1 of the ITAA 1997 | 4.82 |
| Items 16 to 21, subsection 396-20(1), section 396-1, Subdivision 396-A, Division 396 and Part 5-25 | 4.83 |
| Item 27 | 4.27, 4.28, 4.32, 4.84, 4.85 |