House of Representatives

Tax Laws Amendment (Improvements to Self Assessment) Bill (No. 1) 2005

Tax Laws Amendment (Improvements to Self Assessment) Act (No. 1) 2005

Shortfall Interest Charge (Imposition) Bill 2005

Shortfall Interest Charge (Imposition) Act 2005

Explanatory Memorandum

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

Index

Schedule 1: Shortfall interest charge

Bill   reference Paragraph   number
Item 1, section 280-50 2.24
Item 1, subsection 280-100(1) 2.25
Item 1, subsection 280-100(2) 2.30
Item 1, paragraph 280-100(2)(a) 2.31
Item 1, subsection 280-100(3) 2.32, 2.46, 2.49
Item 1, subsection 280-100(4) 2.26
Item 1, subsection 280-100(5) 2.27
Item 1, subsection 280-105(1) 2.38
Item 1, subsection 280-105(2) 2.35, 2.36, 2.37
Item 1, section 280-110 2.39
Item 1, section 280-160 2.68
Item 1, subsection 280-160(1) 2.62
Item 1, subsection 280-160(2) 2.64
Item 1, paragraph 280-160(2)(a) 2.64
Item 1, paragraph 280-160(2)(b) 2.64
Item 1, section 280-165 2.70
Item 1, section 280-170 2.76
Item 2, subsection 6(1) of the ITAA 1936 2.84
Item 3, subsection 172(1) of the ITAA 1936 2.56
Item 4, paragraph 172(1)(a) of the ITAA 1936 2.59
Item 4, subparagraph 172(1)(a)(ii) of the ITAA 1936 2.56
Item 5, subsection 172(1A) of the ITAA 1936 2.60
Item 6, subsection 172(2) of the ITAA 1936 2.56
Item 7, subsection 204(2) of the ITAA 1936 2.42, 2.43, 2.53
Item 7, subsection 204(2A) of the ITAA 1936 2.42, 2.44, 2.53
Item 7, subsection 204(3) of the ITAA 1936 2.53
Items 8 to 17 2.90
Item 18, subsection 20-25(2A) 2.85
Item 19, paragraph 20-25(2A)(a) of the ITAA 1997 2.85
Item 20, paragraph 25-5(1)(c) 2.61
Item 21 2.90
Item 22, subsection 995-1(1) 2.37
Items 22 and 23, subsection 995-1(1) of the ITAA 1997 2.84
Item 24, subsection 8AAB(4) 2.53
Item 25, subsection 250-10(2) 2.87
Item 26, subsection 340-10(2) 2.88
Item 27, subparagraph 3(1)(a)(iiia) of the Taxation (Interest on Overpayments and Early Payments) Act 1983 2.57
Item 28, subparagraph 3(1)(a)(iv) of the Taxation (Interest on Overpayments and Early Payments) Act 1983 2.57
Item 29, paragraph 8A(1)(a) of the Taxation (Interest on Overpayments and Early Payments) Act 1983 2.52
Item 30, subparagraph 12A(1)(ia) of the Taxation (Interest on Overpayments and Early Payments) Act 1983 2.83
Item 31 2.91

Schedule 2: Penalties

Bill   reference Paragraph   number
Items 1, 2, 5, 6, 8 and 9, sections 284-10, 284-70 and 284-80 of Schedule 1 to the TAA 1953 3.29
Items 3 and 4, subsections 284-15(1) and (2) of Schedule 1 to the TAA 1953 3.24
Item 7, subsection 284-75(4) of Schedule 1 to the TAA 1953 3.14
Item 8, subsection 284-80(1) of Schedule 1 to the TAA 1953 3.15
Item 9, subsection 284-90(1) of Schedule 1 to the TAA 1953 3.16
Item 10, subsection 284-215(3) of Schedule 1 to the TAA 1953 3.30
Item 11, paragraph 284-220(1)(d) of Schedule 1 to the TAA 1953 3.31
Items 12 and 14, section 298-10 and subsection 298-20(2) of Schedule 1 to the TAA 1953 3.18
Items 13 and 15, section 298-10 and subsection 298-20(2) of Schedule 1 to the TAA 1953 3.19
Subitem 16(1) 3.26
Subitem 16(2) 3.27

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