House of Representatives
New International Tax Arrangements (Foreign-owned Branches and Other Measures) Bill 2005
Explanatory Memorandum
(Circulated by authority of the Treasurer, the Hon Peter Costello MP)Index
Schedule 1: Dividends received by foreign-owned branches
| Bill reference | Paragraph number |
|---|---|
| Clause 2 | 1.37 |
| Item 1, paragraph 44(1)(c) | 1.25, 1.26 |
| Item 1, subparagraph 44(1)(c)(ii) | 1.28 |
| Item 2, subsection 44(7); item 6, subsection 128B(3F); item 8, paragraph 115-280(1)(b) of the ITAA 1997; item 10, paragraph 207-75(2)(c) of the ITAA 1997 | 1.18 |
| Item 3, subsection 102L(21A) | 1.29 |
| Item 4, subsection 102T(22A) | 1.29 |
| Item 5, subsection 128B(1); item 6, subsection 128B(3E) | 1.14 |
| Item 6, note to subsection 128B(3E) | 1.14 |
| Item 6, paragraph 128B(3E)(b) | 1.16 |
| Item 6, paragraph 128B(3E)(c) | 1.21 |
| Item 7, subsection 67-25(1DA) of the ITAA 1997 | 1.35 |
| Item 8, paragraphs 115-280(1)(b) and (ba) of the ITAA 1997 | 1.38 |
| Item 9, subsection 207-75(1) of the ITAA 1997 | 1.31 |
| Item 10, subsection 207-75(2) of the ITAA 1997 | 1.31 |
Schedule 3: Financial entities
| Bill reference | Paragraph number |
|---|---|
| Clause 2; items 4 and 3 | 3.39 |
| Clause 2; item 11 | 3.40 |
| Item 1, note to subsection 160ZZVA(1); item 2, subsection 160ZZZK(2) | 3.14 |
| Item 1, note to subsection 160ZZVA(1); item 2, subsection 160ZZZK(3) | 3.13 |
| Item 2, section 160ZZZK; item 7, note to subsection 170-5(2A); item 9, note to subsection 170-105(2A); item 17, subparagraphs 820-597(1)(c)(ii) and 820-599(1)(c)(ii) | 3.10 |
| Item 3, subsection 262A(1BA) | 3.42 |
| Items 5 and 6 | 3.43 |
| Item 7, note to subsection 170-5(2A); item 8, section 170-75; item 9, note to subsection 170-105(2A); item 10, section 170-174 | 3.17 |
| Item 7, note to subsection 170-5(2A); item 9, note to subsection 170-105(2A) | 3.18 |
| Items 12 to 16, 22, 28 and 31 to 38 | 3.44 |
| Item 13, subsection 820-445(4); item 27, subsection 820-609(7) | 3.45 |
| Item 17, sections 820-597 and 820-599 | 3.24 |
| Item 17, paragraphs 820-597(1)(c) and 820-599(1)(c) | 3.25 |
| Item 17, subsections 820-597(2) and 820-599(2) | 3.25 |
| Item 17, subsections 820-597(3) and 820-599(3) | 3.25 |
| Items 18 to 21 and 23 to 26 | 3.26 |
| Item 27, paragraph 820-609(1)(a) | 3.30 |
| Item 27, paragraph 820-609(1)(b) | 3.31 |
| Item 27, subsection 820-609(2) | 3.33 |
| Item 27, subsection 820-609(3) | 3.33 |
| Item 27, subsection 820-609(4) | 3.32 |
| Item 27, paragraph 820-609(4)(a) and subsection 820-609(6) | 3.28 |
| Item 27, subsection 820-609(5) | 3.34, 3.35 |
| Item 27, subsection 820-609(6) | 3.34, 3.36 |
| Item 27, note to subsection 820-609(7); item 29, note to subsection 820-613(1); item 30, subsections 820-613(3) and (4) | 3.38 |
Schedule 4: Employee share options
| Bill reference | Paragraph number |
|---|---|
| Item 1, subsection 136(1), paragraph (hb) of the definition of 'fringe benefit' | 4.60 |
| Item 2, subsection 23AF(18), paragraph (a) of the definition of 'eligible foreign remuneration'; item 3, subsection 23AF(18), paragraph (b) of the definition of 'eligible foreign remuneration'; item 4, subsection 23AG(7), definition of 'foreign earnings' | 4.21 |
| Item 5, subsection 139B(1A) | 4.34 |
| Item 6, subsection 139B(2); item 7, subsection 139B(2A) | 4.31 |
| Item 7, subsection 139B(2A); item 8, subsection 139B(3); item 18, subsection 139E(2); item 19, subsections 139E(3) and (4) | 4.35 |
| Item 7, subsection 139B(2A); item 9, subsection 139CC(2) | 4.33 |
| Item 10, paragraphs 139CD(1)(a) and (b); item 11, note 1 to subsection 139CD(1); item 12, note 2 to subsection 139CD(1); item 13, section 139CDA | 4.37 |
| Item 14, paragraph 139D(1)(c); item 15, subsection 139D(2); item 16, subsection 139D(3) | 4.31 |
| Item 17, section 139DG | 4.46 |
| Item 20, section 139GA | 4.28 |
| Item 20, paragraph 139GA(2)(b) | 4.29 |
| Item 20, paragraph 139GA(2)(b); item 21, subsection 139GB(1) | 4.38 |
| Item 20, subsection 139GA(3) | 4.36 |
| Item 22, section 139GBA; item 23, section 139GH | 4.25 |
| Item 24, paragraph 160AEA(1)(q) | 4.23 |
| Item 25, subsection 530A(1A) | 4.64 |
| Item 26, paragraph 530A(1)(a); item 27, paragraph 530A(1)(b) | 4.65 |
| Item 28, subsection 104-160(5); item 29, subsection 104-160(6) | 4.54 |
| Item 30, subsection 130-80(4); item 34, subsection 130-85(4) | 4.51 |
| Item 31, paragraph 130-83(1)(b); item 33, subsection 130-83(4); item 36, subsection 136-40(4) | 4.50 |
| Item 32, subsection 130-83(2) | 4.55 |
| Item 35, paragraph 130-90(1A)(c) | 4.59 |
| Item 37 | 4.71 |
| Item 39 | 4.71 |
| Item 40 | 4.69 |
| Item 41 | 4.70 |
| Subitems 38(1) and (2) | 4.66 |
| Subitems 38(3) to (5) | 4.67 |
Schedule 5: Technical correction
| Bill reference | Paragraph number |
|---|---|
| Item 1, subitem 140(2) in Schedule 2 to the NITA Act 2004 | 5.7, 5.8, 5.11, 5.12, 5.15, 5.16 |
| Item 1, subitem 140(2A) in Schedule 2 to the NITA Act 2004 | 5.10, 5.14 |
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