House of Representatives
Tax and Superannuation Laws Amendment (2015 Measures No. 6) Bill 2015
Explanatory Memorandum
(Circulated by authority of the Treasurer, the Hon Scott Morrison MP)Index
Schedule 1: Capital gains tax treatment of earnout rights
| Bill reference | Paragraph number |
| Items 1 and 3, paragraphs 112-36(1)(a) and 116-120(1)(a) of the ITAA 1997 | 1.82 |
| Items 1 and 3, paragraphs 112-36(1)(b) and (c) and 116-120(1)(b) and (c) of the ITAA 1997 | 1.83 |
| Items 1 and 3, subsections 112-36(2) and 116-120(2) of the ITAA 1997 | 1.96 |
| Items 1 and 3, subsections 112-36(3) and 116-120(3) of the ITAA 1997 | 1.89 |
| Items 1, 3 and 33, subsections 112-36(5) and 116-120(5) of the ITAA 1997 and paragraph 14ZW(1)(aaaa) of the Taxation Administration Act 1953 | 1.93 |
| Items 2, 5, 7 and 42, item A1 in the table in section 116-25, the heading to section 104-190, the definition of look-through earnout right in subsection 995-1(1) of the ITAA 1997 and item 101 of the table in subsection 250-10(2) in Schedule 1 to the TAA 1953 | 1.145 |
| Item 4, sections 118-560 and 118-565 of the ITAA 1997 | 1.25 |
| Item 4, paragraph 118-565(1)(a) of the ITAA 1997 | 1.62 |
| Item 4, paragraphs 118-565(1)(a), (f) and (g) of the ITAA 1997 | 1.47 |
| Item 4, paragraphs 118-565(1)(b) and (c) of the ITAA 1997 | 1.29 |
| Item 4, paragraph 118-565(1)(d) of the ITAA 1997 | 1.33 |
| Item 4, paragraph 118-565(1)(e) of the ITAA 1997 | 1.64 |
| Item 4, paragraph 118-565(1)(g) of the ITAA 1997 | 1.58 |
| Item 4, paragraph 118-565(1)(h) of the ITAA 1997 | 1.73 |
| Item 4, section 118-565(2) of the ITAA 1997 | 1.72 |
| Item 4, subsection 118-565(3) of the ITAA 1997 | 1.70 |
| Item 4, subsection 118-565(4) of the ITAA 1997 | 1.75 |
| Item 4, section 118-570 of the ITAA 1997 | 1.42 |
| Item 4, subsection 118-570(2) of the ITAA 1997 | 1.40 |
| Item 4, section 118-575 of the ITAA 1997 | 1.81 |
| Item 4, section 118-580 of the ITAA 1997 | 1.104 |
| Items 6, 8 to 12 and 18, paragraph 104-185(1)(a), subsections 104-190(1A) to (3) and (5), paragraph 104-198(1)(a), subsections 104-198(2) and (4) and the definition of replacement asset period in subsection 995-1(1) of the ITAA 1997 | 1.115 |
| Items 14 and 17, paragraphs 152-125(1)(b) and 292-100(4)(b) of the ITAA 1997 | 1.112 |
| Items 15 and 16, subsections 152-305(1B) and 152-335(2A) of the ITAA 1997 | 1.113 |
| Items 18 to 25 and 27 to 31, paragraphs 25-85(2)(a) and 230-15(4)(a), subsection 230-460(13), table items 2 in subsections 820-930(2) and 974-75(1), paragraph 974-80(2)(a), the example in subsection 974-80(2), the heading to subsection 974-85(1), subsection 974-85(2), paragraph 974-85(4)(c), subsection 974-140(1) and the definitions of 'contingent on the economic performance' and 'contingent on aspects of the economic performance' in subsection 995-1(1) of the ITAA 1997 | 1.144 |
| Item 26, subsection 974-85(1) of the ITAA 1997 | 1.143 |
| Items 34 to 37, subsections 280-100(5), 280-102A(4) and 280-102B(4) in Schedule 1 to the TAA 1953 and subsection 9(1B) of the Taxation (Interest of Overpayments and Early Payments) Act 1983 | 1.99 |
| Item 37 | 1.146 |
| Item 38 | 1.149 |
| Item 40, subparagraph 14-200(3)(a)(i) in Schedule 1 to the TAA 1953 | 1.130 |
| Item 41, section 14-205 in Schedule 1 to the TAA 1953 | 1.131 |
| Item 41, subsection 14-205(4) in Schedule 1 to the TAA 1953 | 1.132 |
| Item 43 | 1.147 |
| Item 134, section 152-20 | 1.119 |
| Item 134, subsection 152-20(5) of the ITAA 1997 | 1.120 |
Schedule 2: Foreign resident capital gains withholding payments
| Bill reference | Paragraph number |
| Item 1, subsection 14-200(1) in Schedule 1 to the TAA 1953 | 2.30 |
| Item 1, paragraphs 14-200(1)(b), and subsections 14-210(1) and (3) in Schedule 1 to the TAA 1953 | 2.58 |
| Item 1, paragraph 14-200(1)(c) in Schedule 1 to the TAA 1953 | 2.30, 2.31 |
| Item 1, subsection 14-200(2) in Schedule 1 to the TAA 1953 | 2.107 |
| Item 1, subsection 14-200(3) in Schedule 1 to the TAA 1953 | 2.93 |
| Item 1, paragraph 14-200(3)(a) in Schedule 1 to the TAA 1953 | 2.104 |
| Item 1, paragraph 14-210(1)(e) and subsection 14-210(2) in Schedule 1 to the TAA 1953 | 2.30, 2.57 |
| Item 1, subsections 14-210(1) and 14-210(3) in Schedule 1 to the TAA 1953 | 2.30 |
| Item 1, paragraph 14-210(1)(a) in Schedule 1 to the TAA 1953 | 2.75 |
| Item 1, paragraph 14-210(1)(b) in Schedule 1 to the TAA 1953 | 2.76 |
| Item 1, paragraph 14-215(1)(c) in Schedule 1 to the TAA 1953 | 2.77 |
| Item 1, paragraph 14-210(1)(d) in Schedule 1 to the TAA 1953 | 2.79 |
| Item 1, paragraph 14-210(2)(a) in Schedule 1 to the TAA 1953 | 2.65, 2.75 |
| Item 1, subparagraph 14-210(2)(a)(ii) in Schedule 1 to the TAA 1953 | 2.67 |
| Item 1, subsection 14-210(3) and subsection 14-225(1) in Schedule 1 to the TAA 1953 | 2.81 |
| Item 1, subsection 14-210(3) and subsection 14-225(2) in Schedule 1 to the TAA 1953 | 2.87 |
| Item 1, paragraph 14-210(3)(b) in Schedule 1 to the TAA 1953 | 2.89 |
| Item 1, paragraph 14-215(1)(a) in Schedule 1 to the TAA 1953 | 2.38 |
| Item 1, subparagraph 14-215(1)(a)(i) in Schedule 1 to the TAA 1953 | 2.37 |
| Item 1, subparagraph 14-215(1)(a)(ii) | 2.42 |
| Item 1, paragraph 14-215(1)(b) in Schedule 1 to the TAA 1953 | 2.45 |
| Item 1, paragraph 14-215(1)(c) in Schedule 1 to the TAA 1953 | 2.48, 2.77 |
| Item 1, paragraph 14-215(1)(d) in Schedule 1 to the TAA 1953 | 2.50 |
| Item 1, paragraph 14-215(1)(e) in Schedule 1 to the TAA 1953 | 2.52 |
| Item 1, paragraph 14-215(1)(f) in Schedule 1 to the TAA 1953 | 2.54 |
| Item 1, paragraph 14-215(1)(g) in Schedule 1 to the TAA 1953 | 2.55 |
| Item 1, subsection 14-215(2) | 2.40 |
| Item 1, subsection 14-220(3) in Schedule 1 to the TAA 1953 | 2.69 |
| Item 1, subsection 14-220(4) in Schedule 1 to the TAA 1953 | 2.71 |
| Item 1, subsection 14-225(2) in Schedule 1 to the TAA 1953 | 2.30, 2.86 |
| Item 1, subsection 14-225(3) in Schedule 1 to the TAA 1953 | 2.85, 2.90 |
| Item 1, section 14-230 in Schedule 1 to the TAA 1953 | 2.91 |
| Item 1, section 14-235 in Schedule 1 to the TAA 1953 | 2.95 |
| Item 1, subsection 14-235(1) in Schedule 1 to the TAA 1953 | 2.102 |
| Item 1, subsections 14-235(2) and (3) in Schedule 1 to the TAA 1953 | 2.97 |
| Item 1, subsection 14-235(3) in Schedule 1 to the TAA 1953 | 2.103 |
| Item 1, subsection 14-235(4) in Schedule 1 to the TAA 1953 | 2.99 |
| Item 1, subsection 14-235(5) in Schedule 1 to the TAA 1953 | 2.100 |
| Items 2 and 10 to 12, paragraph 202(s) of the ITAA 1936, and paragraphs 8WA(1AA)(b), 8WB(1A)(a) and 8WB(1A)(b) of the TAA 1953 | 2.113 |
| Items 3 and 4, notes to section 855-15 of the ITAA 1997 | 2.137 |
| Items 5 to 9, subsection 995-1(1) of the ITAA 1997 | 2.119 |
| Items 13, 14 and 28, subsections 10-5(2) and 250-10(2) in Schedule 1 to the TAA 1953 | 2.135 |
| Item 16, subsection 16-20(2) in Schedule 1, to the TAA 1953 | 2.116 |
| Item 17, subsection 16-70(3) in Schedule 1 to the TAA 1953 | 2.109 |
| Item 17 and 18, section 16-80, and subsections 16-70(3) and (4) in Schedule 1 to the TAA 1953 | 2.126 |
| Items 19, 20, 21 and 24, paragraphs 16-140(1)(b), 16-143(2)(b) and 16-150(b), and subparagraph 18-70(1)(a)(ii) in Schedule 1 to the TAA 1953 | 2.136 |
| Items 22 and 23, subparagraph 18-65(1)(a)(ii) and paragraph 18-65(6)(c) in Schedule 1 to the TAA 1953 | 2.123 |
| Item 27, section 20-80 in Schedule 1 to the TAA 1953 | 2.70, 2.98 |
| Item 30 | 2.138 |