Corrections to the Explanatory Memorandum
(Circulated by the authority of the Deputy Prime Minister and Treasurer, the Hon Wayne Swan MP)Corrections to legislative references
Chapter 1
Paragraph 1.9: insert at the end of the paragraph [Schedule 1, item 1]
Paragraph 1.12: insert at the end of the paragraph [Schedule 1, item 2]
Paragraph 1.16: insert at the end of the paragraph [Schedule 1, item 3]
Chapter 2
Paragraph 2.86: omit [Schedule 2, item 200] - insert [Schedule 2, item 8]
Paragraph 2.91: omit [Schedule 2, item 300] - insert [Schedule 2, item 9]
Paragraph 2.92: omit [Schedule 2, subitems 305(1) and (2)] - insert [Schedule 2, subitems 10(1) and (2)]
Paragraph 2.93: omit [Schedule 2, subitem 305(3)] - insert [Schedule 2, subitem 10(3)]
Paragraph 2.95: omit [Schedule 2, item 310] - insert [Schedule 2, item 11]
Paragraph 2.96: omit [Schedule 2, subitem 315(1)] - insert [Schedule 2, subitem 12(1)]
Paragraph 2.97: omit [Schedule 2, subitem 315(2)] - insert [Schedule 2, subitem 12(2)]
Chapter 3
Paragraph 3.98: omit [Clause 2, items 2, 4 and 7 in the table] - insert [Clause 2, items 3, 5 and 8 in the table]
Paragraph 3.99: omit [Clause 2, item 3 in the table] - insert [Clause 2, item 4 in the table]
Paragraph 3.100: omit [Clause 2, item 5 in the table] - insert [Clause 2, item 6 in the table]
Paragraph 3.101: omit [Clause 2, item 6 in the table] - insert [Clause 2, item 7 in the table]
Paragraph 3.102: omit [Clause 2, items 1 and 8 in the table] - insert [Clause 2, items 1 and 9 in the table]
Chapter 4
Page 77: omit Example heading 'Example 1.1(b)' - insert 'Example 4.1(b)'
Paragraph 4.39: omit [Clause 2, item 8 in the table] - insert [Clause 2, item 9 in the table]
Chapter 5
Paragraph 5.23: insert at the end of the paragraph [Schedule 4, item 5]
Chapter 8
Paragraph 8.20: omit [Schedule 7, item 12A.1.1 in the table in section 30-102 of the ITAA 1997] - insert [Schedule 7, item 1, item 12A.1.1 in the table in section 30-102 of the ITAA 1997]
Revised index
Schedule 1: Adjustments for third party payments
| Bill reference | Paragraph number |
|---|---|
| Item 1 | 1.9 |
| Item 2 | 1.12 |
| Item 3 | 1.16 |
Schedule 2: CGT treatment of water entitlements and termination fees
| Bill reference | Paragraph number |
|---|---|
| Item 1 | 2.99 |
| Item 2 | 2.50, 2.100 |
| Items 3 to 5 | 2.101 |
| Item 6, subsection 124-1105(1) | 2.29 |
| Item 6, paragraphs 124-1105(1)(a) and (b) | 2.34 |
| Item 6, paragraph 124-1105(1)(c) | 2.37 |
| Item 6, paragraph 124-1105(1)(d) | 2.36 |
| Item 6, subsection 124-1105(2) | 2.29 |
| Item 6, paragraphs 124-1105(2)(a), (b) and (d) | 2.39 |
| Item 6, paragraph 124-1105(2)(c) | 2.40 |
| Item 6, subsection 124-1105(3) | 2.33 |
| Item 6, subsection 124-1105(4) | 2.22, 2.24, 2.28 |
| Item 6, section 124-1110 | 2.42 |
| Item 6, subsection 124-1115(1) | 2.43 |
| Item 6, subsections 124-1115(2) and (4) and paragraph 124-1115(5)(a) | 2.44 |
| Item 6, subsections 124-1115(3) and (4) and paragraph 124-1115(5)(b) | 2.45 |
| Item 6, paragraphs 124-1120(1)(a) and (b) and (2)(a) to (c) | 2.51 |
| Item 6, paragraphs 124-1120(1)(c) and (2)(d) | 2.54 |
| Item 6, subsections 124-1120(3) and (4) | 2.55 |
| Item 6, subsection 124-1120(4) | 2.52 |
| Item 6, section 124-1125 | 2.46 |
| Item 6, subsection 124-1130(1) | 2.56 |
| Item 6, subsection 124-1130(2) | 2.57 |
| Item 6, paragraphs 124-1130(3)(a) and (b) | 2.58 |
| Item 6, paragraph 124-1130(3)(c) | 2.59 |
| Item 6, subsection 124-1130(4) | 2.60 |
| Item 6, section 124-1135 | 2.64 |
| Item 6, section 124-1140 | 2.69 |
| Item 6, subsections 124-1145(1) and (2) | 2.71 |
| Item 6, subsection 124-1145(3) | 2.73 |
| Item 6, subsection 124-1145(4) | 2.72 |
| Item 6, subsection 124-1150(1) | 2.74 |
| Item 6, subsection 124-1150(2) | 2.75 |
| Item 6, subsection 124-1150(3) | 2.76 |
| Item 6, subsection 124-1150(4) | 2.77 |
| Item 6, section 124-1155 | 2.79 |
| Item 6, section 124-1160 | 2.80 |
| Item 6, subsection 124-1165(1) | 2.81 |
| Item 6, subsections 124-1165(2) and (4) | 2.82 |
| Item 6, subsections 124-1165(3) and (4) | 2.83 |
| Item 7 | 2.102 |
| Item 8 | 2.86 |
| Item 9 | 2.91 |
| Subitems 10(1) and (2) | 2.92 |
| Subitem 10(3) | 2.93 |
| Item 11 | 2.95 |
| Subitem 12(1) | 2.96 |
| Subitem 12(2) | 2.97 |
Schedule 3: Taxation of financial arrangements
| Bill reference | Paragraph number |
|---|---|
| Items 1 and 2, paragraphs 102AAW(2)(a) and (b) of the ITAA 1936 | 3.79 |
| Part 2, item 135 | 3.94 |
| Items 3 and 4, section 118-27(heading) and subsection 118-27(4) | 3.64 |
| Items 5 and 106, subparagraphs 230-5(2)(a)(ii) and 230-455(1)(a)(ii) | 3.52 |
| Item 6, subsection 230-15(4A) | 3.35 |
| Item 6, paragraph 230-15(4A)(a) | 3.35 |
| Item 6, paragraph 230-15(4A)(b) | 3.35 |
| Item 6, paragraph 230-15(4A)(c) | 3.35 |
| Item 7, subsection 230-45(4) | 3.22, 3.26 |
| Item 7, subsection 230-45(5) | 3.22 |
| Item 7, paragraph 230-45(5)(a) | 3.31 |
| Item 7, paragraph 230-45(5)(b) | 3.32 |
| Items 8 to 10, 13 and 105, paragraph 230-70(1)(b), 230-75(1)(b) and 230-110(1)(c), subparagraph 230-130(5)(b)(ii), and subsection 230-435(5) | 3.87 |
| Item 11, subsection 230-115(1) | 3.36 |
| Item 12, subsection 230-115(8) | 3.41 |
| Items 12, 67 and 118, subsection 230-115(8), subparagraph 230-335(1)(c)(ii) and subsection 230-530(1) | 3.88 |
| Item 14, subsection 230-145(5) | 3.39 |
| Items 15, 22, 26, 27, 34, 41, 56, 57, 58, 73, 74, 75, 77, 80, 83, 92, 107, 113, 119 and 122, subparagraphs 230-150(1)(a)(i) and 230-185(2)(e)(i), subsection 230-190(8), subparagraphs 230-210(2)(a)(i), 230-220(1)(c)(i) and 230-255(2)(a)(i), subsection 230-310(4), paragraph 230-310(5)(a), subparagraph 230-315(2)(a)(i), paragraphs 230-335(10)(c) to (e), and 230-355(1)(b), subparagraph 230-365(c)(i), 230-395(2)(a)(i) and 230-410(1)(d)(i), paragraphs 230-455(5)(b) and 230-500(a), subparagraphs 230-530(3)(d)(i) and 230-530(4)(e)(i) | 3.71 |
| Items 16, 23, 28, 35, 42, 59, 84, 93, 120 and 123, subparagraphs 230-150(1)(a)(ii), 230-185(2)(e)(ii), 230-210(2)(a)(ii), 230-220(1)(c)(ii), 230-255(2)(a)(ii), 230-315(2)(a)(ii),230-395(2)(a)(ii), 230-410(1)(d)(ii), 230-530(3)(d)(ii) and 230-530(4)(e)(ii) | 3.71 |
| Items 17, 24, 29, 36, 43, 60, 85, 94, 121 and 124, subparagraphs 230-150(1)(a)(ii), 230-185(2)(e)(ii), 230-210(2)(a)(ii), 230-220(1)(c)(ii), 230-255(2)(a)(ii), 230-315(2)(a)(ii), 230-395(2)(a)(ii), 230-410(1)(d)(ii), 230-530(3)(d)(ii) and 230-530(4)(e)(ii) | 3.71 |
| Items 18, 19, 30, 31, 44, 45, 61, 62, 86, 87 and 114, subparagraphs 230-150(1)(b)(i) and (ii), 230-210(2)(b)(i) and (ii), 230-255(2)(b)(i) and (ii), 230-315(2)(b)(i) and (ii), 230-395(2)(b)(i) and (ii) and paragraph 230-500(b) | 3.76 |
| Items 20, 32, 46, 63 and 88, subparagraphs 230-150(1)(b)(ii), 230-210(2)(b)(ii), 230-255(2)(b)(ii), 230-315(2)(b)(ii) and 230-395(2)(b)(ii) | 3.76 |
| Item 21, subsection 230-155(5) | 3.40 |
| Items 25, 37 to 40, 66, 69 to 72, 78, 79, 81, 90, 91, 96, 99 to 104 and 112, paragraphs 230-185(2)(e), 230-230(1)(a) to (c), subsection 230-230(3), paragraph 230-335(1)(b), subparagraph 230-335(3)(c)(i), paragraph 230-335(5)(b), subsections 230-335(8) and (9), subparagraph 230-355(5)(a)(ii), paragraphs 230-365(a) and (c) and 230-405(2)(a) and (b), subsection 230-410(2), paragraphs 230-420(1)(a) to (c), subsection 230-420(3), paragraphs 230-430(4)(a) and (c) and 230-495(1)(d) | 3.78 |
| Items 33, 47, 64 and 89, subsections 230-210(2) (note), 230-255(2)(note), 230-315(2)(note) and 230-395(2)(note 1) | 3.78 |
| Items 48, 49 and 82, subsections 230-275(1) to (3) and 230-380(1) | 3.90 |
| Items 50 and 52, subsections 230-300(5) and (11) | 3.46 |
| Item 51, subsection 230-300(6) | 3.50 |
| Items 53 and 55, section 230-305 | 3.47 |
| Item 54, section 230-305 (after item 2 in the table) | 3.45 |
| Item 65, paragraph 230-335(1)(a) | 3.42 |
| Item 68, subparagraph 230-335(1)(c)(ii) | 3.43 |
| Item 76, section 230-340(heading) | 3.92 |
| Item 95, subparagraph 230-410(1)(e)(ii) | 3.92 |
| Item 97, subsection 230-410(5) | 3.92 |
| Item 98, subsection 230-410(6) | 3.92 |
| Item 108, subsection 230-460(4) | 3.61 |
| Item 109, paragraph 230-460(8)(a) | 3.63 |
| Items 110 and 111, section 230-495 (heading), paragraph 230-495(1)(b) | 3.78 |
| Item 115, paragraph 230-520(1)(b) | 3.89 |
| Item 116, paragraph 230-520(1)(d) | 3.93 |
| Item 117, subsection 230-520(2) | 3.93 |
| Item 125, paragraph 775-295(1)(c) | 3.92 |
| Item 126, paragraph 775-305(1)(b) | 3.92 |
| Item 127, subsection 775-305(2) | 3.51 |
| Item 128, subsection 775-305(3) | 3.51 |
| Item 129, subsection 995-1(1) | 3.75 |
| Item 130, subsection 995-1(1) | 3.90 |
| Item 131, subsection 995-1(1) | 3.91 |
| Item 132, subsection 2(1) (item 11 in the table) of the Tax Laws Amendment (2010 Measures No. 1) Act 2010 | 3.70 |
| Item 133, subitem 104(7) of Schedule 1 to the TOFA Act 2009 | 3.83 |
| Item 134, subitem 104(7A) of Schedule 1 to the TOFA Act 2009 | 3.84 |
| Items 136 and 137, sections 11-10 and 11-55 | 4.36 |
| Item 138, paragraph 775-15(2)(b) (item 1 in the table, column 2) | 4.5 |
| Items 139, 140 and 143, sections 775-20, 775-25 and paragraph 775-35(2)(a) | 4.37 |
| Item 141, section 775-27 | 4.10 |
| Item 142, subsection 775-35(1) | 4.17 |
| Item 144, subparagraph 775-50(1)(b)(iii) | 4.21 |
| Item 145, subparagraph 775-55(1)(b)(xi) | 4.24 |
| Item 146, paragraph 775-55(4)(a) | 4.24 |
| Item 147, subparagraph 775-60(1)(b)(iii) | 4.28 |
| Item 148, section 775-168 | 4.31 |
| Clause 2, items 1 and 9 in the table | 3.102 |
| Clause 2, items 3, 5 and 8 in the table | 3.98 |
| Clause 2, item 4 in the table | 3.99 |
| Clause 2, item 6 in the table | 3.100 |
| Clause 2, item 7 in the table | 3.101 |
| Clause 2, item 9 in the table | 4.39 |
Schedule 4: Scrip for scrip alignment
| Bill reference | Paragraph number |
|---|---|
| Item 1, paragraph 124-780(1)(b) | 5.11 |
| Item 2, paragraph 124-780(2A)(a) | 5.12 |
| Item 2, paragraph 124-780(2A)(b) | 5.13 |
| Item 3, paragraph 124-781(1)(c) | 5.19 |
| Item 4, paragraph 124-781(2A)(a) | 5.20 |
| Item 4, paragraph 124-781(2A)(b) | 5.21 |
| Item 5 | 5.23 |
Schedule 5: Medical expenses tax offset claim threshold
| Bill reference | Paragraph number |
|---|---|
| Item 1 | 6.14 |
| Items 2 and 3 | 6.11 |
| Item 4 | 6.10 |
Schedule 6: Deductible gift recipients
| Bill reference | Paragraph number |
|---|---|
| Item 1, item 2.2.32 in the table in subsection 30-25(2 | 7.12 |
| Item 2, item 2.2.38 in the table in subsection 30-25(2) | 7.6 |
| Item 3, item 9.2.17 in the table in subsection 30-80(2) | 7.11 |
| Item 4, item 13.2.18 in the table in section 30-105 | 7.9 |
| Items 5 to 7, items 31B, 70AA and 81A in the table in section 30-315 | 7.14 |
Schedule 7: Extending gift deductibility to volunteer fire brigades
| Bill reference | Paragraph number |
|---|---|
| Item 1, item 12A.1.1 in the table in section 30-102 of the ITAA 1997 | 8.14, 8.16, 8.20 |
| Item 1, item 12A.1.2 in the table in section 30-102 of the ITAA 1997 | 8.14, 8.27, 8.39 |
| Item 1, items 12A.1.2 and 12A.1.3 in the table in section 30-102 of the ITAA 1997 | 8.23, 8.43 |
| Item 1, item 12A.1.3 in the table in section 30-102 of the ITAA 1997 | 8.28, 8.30 |
| Item 2, subsection 30-315(2) of the ITAA 1997 | 8.72 |
| Item 3, section 30-102 of the Income Tax (Transitional Provisions) Act 1997 | 8.69 |
| Item 4 | 8.71 |