House of Representatives

Taxation Laws Amendment Bill (No. 1) 2003

Revised Explanatory Memorandum

(Circulated by authority of the Treasurer, the Hon Peter Costello, MP)

Index

Schedule 1: Interest withholding tax exemptions

Bill reference Paragraph number
Item 1, definition of 'ADI' in subsection 128A(1) 1.30
Item 2A, definition of 'non-ADI financial institution' in subsection 128A(1) 1.30
Item 2, definition of 'foreign bank' in subsection 128A(1) 1.30
Item 3, definition of 'nostro account' in subsection 128A(1) 1.29
Item 4, paragraph 128B(3)(gc) 1.28
Item 5, subsection 128F(1B) 1.26, 1.27
Item 6, subsection 128F(5) 1.25
Item 7, subsection 128F(6) 1.25
Items 6, 8 and 9, subsection 128F(5) and definition of 'registered scheme' and 'responsible entity' in subsection 128F(9) 1.21
Items 7 to 9, subsection 128F(6) and definition of 'registered scheme' and 'responsible entity' in subsection 128F(9)) 1.23
Subitem 10(1) 1.33
Subitem 10(2) 1.32
Subitems 10(3) and (4) 1.31

Schedule 2: CGT exemption for certain compensation payments

Bill reference Paragraph number
Item 1 2.9
Item 2 2.17

Schedule 3: Friendly society investment products

Bill reference Paragraph number
Item 1, subparagraphs 320-35(1)(f)(ii) and (iii) 3.10
Item 2 3.35
Item 3, section 320-110 3.11
Items 4 and 5, subsections 320-110(2), 320-111(2) and 320-112(4) 3.37
Item 5, section 320-111 3.12
Item 5, section 320-112 3.15
Item 6 3.35
Item 7, subsection 26AH(1) 3.21
Items 8 and 9, section 10-5 3.38
Item 10, section 15-55 3.26, 3.27
Item 10, section 15-60 3.30
Item 11 3.35
Item 12, subsection 995-1(1) 3.29
Item 13 3.35

Schedule 4: Goods and services tax

Bill reference Paragraph number
Items 1 and 2 4.8
Item 3 4.9
Item 4 4.11


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