Senate
Tax Laws Amendment (2007 Measures No. 5) Bill 2007
Revised Explanatory Memorandum
(Circulated by authority of the Treasurer, the Hon Peter Costello MP)This memorandum takes account of amendments made by the House of Representatives and to the Bill as introduced.
Index
Schedule 1: Tax preferred entities (asset financing)
| Bill reference | Paragraph number |
|---|---|
| Item 1, section 250-5 | 1.19 |
| Item 1, section 250-10 | 1.47 |
| Item 1, section 250-15 | 1.50 |
| Item 1, paragraph 250-15(a) | 1.51 |
| Item 1, paragraph 250-15(b) | 1.58, 1.110 |
| Item 1, paragraph 250-15(c) | 1.68 |
| Item 1, paragraph 250-15(d) | 1.79 |
| Item 1, paragraph 250-15(e) | 1.80 |
| Item 1, section 250-20 | 1.111 |
| Item 1, subsection 250-25(1) | 1.113 |
| Item 1, subsection 250-25(2) | 1.114 |
| Item 1, subsection 250-30(1) | 1.115 |
| Item 1, subsection 250-30(2) | 1.116 |
| Item 1, subsections 250-35(1) and (2) | 1.118 |
| Item 1, subsection 250-35(3) | 1.119 |
| Item 1, subsection 250-35(4) | 1.121 |
| Item 1, subsection 250-35(5) | 1.123 |
| Item 1, subsection 250-35(6) | 1.124 |
| Item 1, subsections 250-35(7) and (8) | 1.125 |
| Item 1, subsection 250-40(1) | 1.128 |
| Item 1, subsection 250-40(2) | 1.130 |
| Item 1, subsection 250-40(3) | 1.131 |
| Item 1, section 250-45 | 1.135 |
| Items 1 and 6, subsection 250-50(1) and definition of 'end user' in subsection 995-1(1) in the ITAA 1997 | 1.24 |
| Item 1, subsection 250-50(2) | 1.25 |
| Item 1, subsection 250-50(3) | 1.26 |
| Item 1, subsection 250-50(4) | 1.28 |
| Items 1 and 22, section 250-55 and definition of 'tax preferred end user' in subsection 995-1(1) in the ITAA 1997 | 1.42 |
| Item 1, subsection 250-60(1) | 1.53 |
| Items 1 and 24, subsection 250-60(1) and definition of 'tax preferred use' in subsection 995-1(1) in the ITAA 1997 | 1.52 |
| Item 1, subsection 250-60(2) | 1.55 |
| Items 1 and 24, subsections 250-60(2) and (3) and definition of 'tax preferred use' in subsection 995-1(1) in the ITAA 1997 | 1.54 |
| Items 1 and 12, subsection 250-60(4) and the definition of 'member of the tax preferred end user group' in subsection 995-1(1) in the ITAA 1997 | 1.43 |
| Items 1 and 13, subsection 250-60(4) and the definition of 'member of the tax preferred sector' in subsection 995-1(1) in the ITAA 1997 | 1.44 |
| Items 1 and 2, subsection 250-65(1) and the definition of 'arrangement period' in subsection 995-1(1) in the ITAA 1997 | 1.59 |
| Item 1, subsections 250-65(2) and (3) | 1.60 |
| Item 1, paragraph 250-65(4)(a) | 1.61 |
| Item 1, paragraph 250-65(4)(b) | 1.62 |
| Item 1, subsection 250-65(5) | 1.63 |
| Item 1, section 250-70 | 1.65 |
| Item 1, section 250-75 | 1.22 |
| Item 1, section 250-80 | 1.38 |
| Items 1, 11 and 18, subsections 250-85(1) to (4), section 250-90 and the definitions of 'guaranteed residual value' and 'provided in relation to a tax preferred use of an asset' in subsection 995-1(1) in the ITAA 1997 | 1.69 |
| Items 1 and 11, subsection 250-85(3) and the definition of 'guaranteed residual value' in subsection 995-1(1) in the ITAA 1997 | 1.97 |
| Item 1, subsection 250-85(5) | 1.70 |
| Item 1, subsection 250-85(6) | 1.72 |
| Item 1, subsection 250-85(7) | 1.73 |
| Item 1, subsection 250-85(8) | 1.74 |
| Item 1, paragraph 250-85(9)(a) | 1.75 |
| Item 1, paragraph 250-85(9)(b) | 1.76 |
| Item 1, section 250-95 | 1.77 |
| Item 1, section 250-100 | 1.78 |
| Item 1, subsection 250-105(1) | 1.132 |
| Item 1, subsection 250-105(2) | 1.100, 1.145 |
| Item 1, section 250-110 | 1.81 |
| Item 1, subsections 250-115(1) and (3) | 1.83 |
| Item 1, subsection 250-115(2) | 1.85 |
| Item 1, subsections 250-115(4) and (5) | 1.86 |
| Item 1, subsection 250-115(6) | 1.87 |
| Item 1, subsection 250-120(1) | 1.89 |
| Item 1, subsection 250-120(2) | 1.90, 1.91 |
| Item 1, section 250-125 | 1.93 |
| Items 1 and 5, section 250-130 and the definition of 'effectively non-cancellable' in subsection 995-1(1) in the ITAA 1997 | 1.94 |
| Item 1, subsection 250-135(1) | 1.96 |
| Item 1, subsection 250-135(2) | 1.98 |
| Item 1, subsections 250-140(1) to (4) and (6) | 1.103 |
| Item 1, subsection 250-140(5) | 1.104 |
| Item 1, section 250-145 | 1.139 |
| Item 1, subsection 250-150(1) | 1.141 |
| Item 1, subsection 250-150(2) | 1.142 |
| Items 1 and 4, subsection 250-150(3) and the definition of 'disallowed capital allowance percentage' in subsection 995-1(1) in the ITAA 1997 | 1.143 |
| Item 1, subsection 250-150(4) | 1.144 |
| Item 1, subsection 250-150(5) | 1.147 |
| Item 1, subsection 250-150(6) | 1.148 |
| Item 1, subsection 250-155(1) | 1.149, 1.164 |
| Item 1, subsection 250-155(2) | 1.150 |
| Item 1, subsections 250-155(3) to (5) | 1.151, 1.152 |
| Item 1, subsection 250-155(6) | 1.153 |
| Items 1 and 3, subsection 250-155(6), paragraph 250-160(1)(c) and the definition of 'cash settlable' in subsection 995-1(1) in the ITAA 1997 | 1.165 |
| Item 1, subsection 250-155(7) | 1.154 |
| Item 1, paragraph 250-155(8)(a) | 1.194 |
| Item 1, paragraphs 250-155(8)(a) to (g) | 1.155 |
| Item 1, paragraph 250-155(8)(c) | 1.197 |
| Item 1, paragraph 250-155(8)(h) | 1.156, 1.246 |
| Item 1, subsection 250-155(9) | 1.157 |
| Items 1 and 21, subsection 250-160(1) and the definition of 'subject to deemed loan treatment' in subsection 995-1(1) in the ITAA 1997 | 1.158 |
| Item 1, subsection 250-160(2) | 1.160 |
| Items 1 and 21, subsection 250-160(2) and the definition of 'subject to deemed loan treatment' in subsection 995-1(1) in the ITAA 1997 | 1.159 |
| Item 1, subsection 250-160(3) | 1.161, 1.162 |
| Item 1, subsection 250-160(4) | 1.163 |
| Item 1, subsection 250-165(1) | 1.166 |
| Items 1 and 10, subsection 250-165(1) and the definition of 'financial arrangement' in subsection 995-1(1) in the ITAA 1997 | 1.167 |
| Item 1, subsection 250-165(2) | 1.168 |
| Items 1 and 10, subsection 250-170(1) and the definition of 'financial arrangement' in subsection 995-1(1) in the ITAA 1997 | 1.169 |
| Item 1, subsection 250-170(2) | 1.170 |
| Items 1 and 10, subsection 250-170(2) and the definition of 'financial arrangement' in subsection 995-1(1) in the ITAA 1997 | 1.171 |
| Item 1, subsections 250-175(1) to (3) | 1.172 |
| Item 1, subsection 250-175(4) | 1.173 |
| Items 1 and 7, subsections 250-180(1) and (2) and the definition of 'end value' in subsection 995-1(1) in the ITAA 1997 | 1.174 |
| Items 1 and 7, subsections 250-180(1), (3) and (4) and the definition of 'end value' in subsection 995-1(1) in the ITAA 1997 | 1.175 |
| Items 1 and 7, subsections 250-180(1) and (5) and the definition of 'end value' in subsection 995-1(1) in the ITAA 1997 | 1.176 |
| Items 1 and 7, subsections 250-180(1) and (6) and the definition of 'end value' in subsection 995-1(1) in the ITAA 1997 | 1.177 |
| Item 1, section 250-185 | 1.179 |
| Item 1, section 250-190 | 1.181 |
| Item 1, section 250-195 | 1.182 |
| Item 1, section 250-200 | 1.183 |
| Item 1, subsection 250-205(1) | 1.184 |
| Item 1, subsection 250-205(2) | 1.185 |
| Item 1, section 250-210 | 1.186, 1.187 |
| Item 1, section 250-215 | 1.189, 1.190 |
| Item 1, section 250-220 | 1.191 |
| Item 1, section 250-225 | 1.192 |
| Item 1, section 250-230 | 1.193 |
| Item 1, section 250-235 | 1.195 |
| Item 1, section 250-240 | 1.196 |
| Item 1, subsections 250-245(1) to (3) | 1.199 |
| Item 1, subsection 250-245(4) | 1.200 |
| Item 1, subsection 250-250(1) | 1.204 |
| Item 1, subsection 250-250(2) | 1.205 |
| Item 1, subsection 250-250(3) | 1.206 |
| Item 1, subsection 250-255(1) | 1.208, 1.209 |
| Item 1, subsection 250-255(2) | 1.210 |
| Item 1, subsection 250-255(3) | 1.213 |
| Item 1, subsection 250-255(4) | 1.214 |
| Item 1, subsection 250-255(5) | 1.215 |
| Item 1, subsection 250-255(6) | 1.219 |
| Item 1, subsection 250-255(7) | 1.220 |
| Item 1, paragraphs 250-255(7)(a) and (d) | 1.222 |
| Item 1, paragraphs 250-255(7)(b) and (c) | 1.223 |
| Item 1, subsection 250-260(1) | 1.225, 1.226 |
| Item 1, subsection 250-260(2) | 1.228 |
| Item 1, subsection 250-260(3) | 1.229 |
| Item 1, subsection 250-265(1) | 1.233 |
| Item 1, subsection 250-265(2) | 1.234 |
| Item 1, section 250-270 | 1.235 |
| Item 1, subsection 250-275(1) | 1.239 |
| Item 1, subsection 250-275(2) | 1.241 |
| Item 1, subsection 250-275(3) | 1.242 |
| Item 1, subsection 250-275(4) | 1.243 |
| Item 1, subsection 250-275(5) | 1.244 |
| Item 1, subsection 250-275(6) | 1.245 |
| Item 1, subsection 250-280(1) | 1.247 |
| Item 1, subsection 250-280(2) | 1.248 |
| Item 1, subsection 250-280(3) | 1.249 |
| Item 1, subsection 250-280(4) | 1.250 |
| Item 1, subsection 250-280(5) | 1.252 |
| Item 1, subsection 250-280(6) | 1.253 |
| Item 1, subsection 250-280(7) | 1.254 |
| Item 1, subsection 250-285(1) | 1.256, 1.257 |
| Item 1, subsections 250-285(2) and (3) | 1.258, 1.261 |
| Item 1, subsections 250-285(2) and (6) | 1.259 |
| Item 1, subsections 250-285(3) and (6) | 1.260, 1.262 |
| Item 1, subsections 250-285(4) and (6) | 1.263 |
| Item 1, subsection 250-290(1) | 1.264 |
| Item 1, subsection 250-290(2) | 1.265 |
| Item 1, subsections 250-295(1) and (3) | 1.266 |
| Item 1, subsections 250-295(2) and (3) | 1.267 |
| Items 8, 16 and 23, definitions of 'excluded STB', 'prescribed excluded STB' and 'tax preferred entity' in subsection 995-1(1) in the ITAA 1997 | 1.41 |
| Item 14 and the definition of 'money equivalent' in subsection 995-1(1) in the ITAA 1997 | 1.46 |
| Item 20, definition of 'special accrual amount' in subsection 995-1(1) in the ITAA 1997 | 1.314 |
| Items 25 and 26, subparagraphs 93R(b)(v) and (c)(ii) of the Development Allowance Authority Act 1992 | 1.291 |
| Items 27 and 28, subsections 51AD(1A) to (1D) and (4) of the ITAA 1936 | 1.293 |
| Items 29 to 31, subsections 73B(15AA) and 73BC(2) of the ITAA 1936 | 1.296 |
| Item 32, section 82KZLA of the ITAA 1936 | 1.297 |
| Items 33 and 34, subsections 159GH(1A), (1B) and (1) of the ITAA 1936 | 1.299 |
| Item 35, subsection 170(10AA) of the ITAA 1936 | 1.301 |
| Items 36 to 42, sections 11-55 and 12-5 | 1.302 |
| Items 43 and 44, subsections 40-25(7) and (8) | 1.303 |
| Items 45 to 56, sections 40-85, 40-525, 40-630, 40-730, 40-735, 40-750, 40-755, 40-835 and 40-880 | 1.304 |
| Items 57 and 58, subsection 43-140(1) | 1.305 |
| Item 59, section 112-97 | 1.306 |
| Item 60, section 118-27 | 1.307 |
| Items 61 and 62, subsection 396-75(2) and paragraph 396-85(1)(c) | 1.309 |
| Items 63 and 64, subsections 705-25(4A) and 705-30(3A) | 1.311 |
| Item 65, section 960-265 | 1.316 |
| Items 66 and 67, paragraphs 974-130(4)(a) and (d) | 1.318 |
| Items 68 to 70, sections 45-5, 45-120 and 45-330 of the TAA 1953 | 1.319 |
| Subitem 71(1) | 1.268 |
| Subitem 71(2) | 1.271 |
| Subitem 71(3) | 1.272 |
| Subitem 71(4) | 1.273 |
| Subitem 71(5) | 1.276 |
| Subitems 71(6) and (10) | 1.280 |
| Subitem 71 (7) | 1.281 |
| Subitems 71 (8) and (10) | 1.283 |
| Subitem 71(9) | 1.278, 1.282 |
| Subitem 71 (11) | 1.285 |
| Subitem 71 (12) | 1.288 |
Schedule 2: Thin capitalisation: excluded equity interests
| Bill reference | Paragraph number |
|---|---|
| Item 1, definition of 'excluded equity interest' in subsection 820-946(2A) | 2.10 |
| Item 2 | 2.11 |
Schedule 3: Thin capitalisation: groups containing certain ADIs
| Bill reference | Paragraph number |
|---|---|
| Item 1, subsection 820-585(3) | 3.31 |
| Item 2, subsections 820-588(1) and (2) | 3.20 |
| Item 2, subsection 820-588(1), notes 1 and 2 | 3.21 |
| Item 2, subsection 820-588(3) | 3.22 |
| Item 2, subsection 820-588(4) | 3.23 |
| Item 3 | 3.38 |
| Item 4 | 3.37 |
| Item 5, section 820-610 | 3.35 |
| Item 5, subsection 820-610(4) | 3.36 |
| Items 6 to 10 | 3.39 |
| Item 11 | 3.40 |
Schedule 4: Extending the CGT small superannuation funds roll-over on marriage breakdown
| Bill reference | Paragraph number |
|---|---|
| Item 1 | 4.34 |
| Items 2 and 3, subparagraphs 126-5(1)(f)(ii) and 126-15(1)(f)(ii) | 4.32 |
| Items 4 and 5, paragraphs 126-140(1)(c) and (2)(b) | 4.26 |
| Item 6, paragraphs 126-140(2A)(a), (b) and (g) | 4.23, 4.25 |
| Item 6, paragraph 126-140(2A)(c) | 4.9 |
| Item 6, paragraphs 126-140(2A)(d) and (2B)(a) to (e) | 4.13 |
| Item 6, paragraphs 126-140(2A)(e) and (f) | 4.20 |
| Item 6, paragraph 126-140(2A)(h) and subsection 126-140(2C) | 4.16 |
| Item 6, subsection 126-140(2D) | 4.17 |
Schedule 5: Prime Minister's Prizes
| Bill reference | Paragraph number | |
|---|---|---|
| Item 2, section 51-60 | 5.6 | |
| Item 3 | 5.7 |
Schedule 6: Removal of the same business test cap
| Bill reference | Paragraph number |
|---|---|
| Items 1 and 2, sections 165-212A, 165-212B, 165-212C and 716-805 | 6.7 |
| Items 3 to 67, sections 165-5, 165-10, 165-13, 165-15, 165-23, 165-30, 165-35, 165-40, 165-45, 165-93, 165-99, 165-115, 165-115B, 165-115BA, 165-117, 165-120, 165-126, 165-129, 165-132, 165-210, 166-5, 166-20, 166-40, 175-5, 175-40, 175-80, 701-30, 707-120, 707-125, 707-135, 707-210, 715-15, 715-50, 715-55, 715-60, 715-70, 715-95, 715-355, 715-360, 716-850, 719-260, 719-285 and the definition of 'total income' in subsection 995-1(1) in the ITAA 1997 | 6.9 |
| Item 68 | 6.10 |
Schedule 7: Statutory licences
| Bill reference | Paragraph number |
|---|---|
| Item 2, paragraph 124-140(1)(a) | 7.7, 7.13 |
| Item 2, subsections 124-140(1A) and (1B) | 7.28 |
| Item 2, paragraph 124-140(1)(b) | 7.9 |
| Item 2, paragraph 124-140(1)(c) | 7.10 |
| Item 3, section 124-145 | 7.15 |
| Item 3, subsection 124-150(1) | 7.24 |
| Item 3, subsections 124-150(2) to (4) | 7.25 |
| Item 3, subsection 124-150(4) | 7.26 |
| Item 3, section 124-155 | 7.16, 7.18 |
| Item 3, section 124-160 | 7.20 |
| Item 3, subsections 124-165(1) and (2) | 7.22 |
| Item 3, subsection 124-165(3) | 7.23 |
| Item 4, sections 124-140, 124-141 and 124-142 of the Income Tax (Transitional Provisions) Act 1997 | 7.32 |
| Item 4, paragraphs 124-140(2)(b) and (3)(b), 124-141(1)(b) and subsection 124-141(2) of the Income Tax (Transitional Provisions) Act 1997 | 7.35 |
| Item 4, subsections 124-141(1), (3) and 124-142(2) of the Income Tax (Transitional Provisions) Act 1997 | 7.33 |
| Item 4, section 124-142 of the Income Tax (Transitional Provisions) Act 1997 | 7.34 |
| Items 5, 6 and 8 to 12 | 7.36 |
| Item 7, subsection 116-30(3AA) | 7.27 |
| Item 13 | 7.37 |
Schedule 8: Australian property trusts and stapled securities
| Bill reference | Paragraph number |
|---|---|
| Item 1, subsection 102F(4) of the ITAA 1936 | 8.68 |
| Item 3, subsection 102N(2) of the ITAA 1936 | 8.64, 8.65 |
| Item 4, section 102NA of the ITAA 1936 | 8.59, 8.60 |
| Item 5, subsection 102P(10) of the ITAA 1936 | 8.66 |
| Item 6, subsection 124-1045(1) | 8.21, 8.24 |
| Item 6, paragraphs 124-1045(1)(b) and (c) | 8.25 |
| Item 6, subparagraphs 124-1045(1)(d)(i) and (ii) | 8.28 |
| Item 6, subparagraphs 124-1045(1)(e)(i) and (ii) | 8.30 |
| Item 6, subsection 124-1045(2) | 8.23 |
| Item 6, subsection 124-1045(3) | 8.31 |
| Item 6, subsection 124-1050(1), paragraph 124-1045(1)(f) | 8.32 |
| Item 6, subsection 124-1050(2) | 8.35 |
| Item 6, subsection 124-1050(3) | 8.36, 8.37 |
| Item 6, subsection 124-1050(4) | 8.38 |
| Item 6, subsections 124-1055(1), (2) | 8.40 |
| Item 6, subsection 124-1055(3) | 8.42 |
| Item 6, subsection 124-1055(4) | 8.44 |
| Item 6, subsection 124-1055(5) | 8.45 |
| Item 6, subsections 124-1060(1) to (3) | 8.46 |
| Item 6, subsection 124-1060(4) | 8.47 |
| Item 6, subsection 124-1060(5) | 8.48 |
| Item 6, subsection 124-1065(1) | 8.54 |
| Item 6, subparagraph 124-1065(1)(f)(ii) | 8.56 |
| Item 6, subsection 124-1065(2) | 8.52 |
| Item 6, Subdivision 124-Q of the ITAA 1997 | 8.61 |
| Items 7 to 11 | 8.71 |
| Item 12 | 8.72 |
Schedule 9: Deductible gift recipients
| Bill reference | Paragraph number |
|---|---|
| Items 1, 4 to 6 | 9.5 |
| Items 1 and 6 | 9.7, 9.10 |
| Item 2 | 9.8, 9.9 |
| Items 4 to 5 | 9.6 |
Schedule 10: Streamlining concessions for Australian films and Australian film production
| Bill reference | Paragraph number |
|---|---|
| Item 1, Subdivision 376-A | 10.10 |
| Item 1, subsection 376-10(1) | 10.151 |
| Item 1, subsection 376-10(2) | 10.154 |
| Item 1, section 376-15 | 10.148 |
| Item 1, paragraph 376-20(2)(b) | 10.157 |
| Item 1, paragraph 376-20(2)(c) | 10.159 |
| Item 1, paragraph 376-20(3)(a) | 10.163 |
| Item 1, subparagraph 376-20(3)(b)(i) | 10.160 |
| Item 1, subparagraph 376-20(3)(b)(ii) | 10.161 |
| Item 1, paragraph 376-20(3)(c) | 10.162 |
| Item 1, subsection 376-20(4) | 10.165 |
| Item 1, subsection 376-20(5) | 10.155 |
| Item 1, section 376-25 | 10.167, 10.168 |
| Item 1, subsection 376-35(1) | 10.199 |
| Item 1, paragraph 376-35(2)(a) | 10.209 |
| Item 1, paragraph 376-35(2)(b) | 10.210 |
| Item 1, paragraph 376-35(2)(c) | 10.211 |
| Item 1, subsection 376-35(3) | 10.200 |
| Item 1, section 376-40 | 10.197 |
| Item 1, paragraph 376-45(2)(b) | 10.201 |
| Item 1, subsection 376-45(5) | 10.215 |
| Item 1, paragraph 376-45(5)(a) | 10.203 |
| Item 1, paragraph 376-45(5)(b) | 10.202 |
| Item 1, section 376-50 | 10.214 |
| Item 1, subsection 376-55(1) of the ITAA 1997 | 10.12 |
| Item 1, subsection 376-55(1) of the ITAA 1997 | 10.19 |
| Item 1, reference at the end of subsection 376-55(1) to paragraph (c) | 10.25 |
| Item 1, subsection 376-55(2), definition of 'completed' in subsection 995-1(1) of the ITAA 1997 | 10.13 |
| Item 1, subparagraph 376-55(2)(b)(i) | 10.38 |
| Item 1, subsection 376-55(3), definition of 'film authority' in subsection 995-1(1) of the ITAA 1997 | 10.15 |
| Item 1, subsection 376-55(4) of the ITAA 1997 | 10.16 |
| Item 1, subsection 376-55(5), definition of 'development assistance' in subsection 995-1(1) of the ITAA 1997 | 10.18 |
| Item 1, section 376-60 | 10.23 |
| Item 1, subsection 376-65(1) | 10.124, 10.136 |
| Item 1, paragraphs 376-65(1)(a), (2)(c) and (2)(d), subsection 376-65(6) | 10.134 |
| Item 1, paragraph 376-65(2)(b) | 10.129 |
| Item 1, paragraph 376-65(2)(c) | 10.27 |
| Item 1, paragraph 376-65(2)(d) | 10.29 |
| Item 1, subsection 376-65(3) | 10.31 |
| Item 1, paragraph 376-65(3)(d) | 10.34 |
| Item 1, subsection 376-65(4) | 10.35, 10.36 |
| Item 1, paragraph 376-65(4)(a) | 10.37 |
| Item 1, paragraph 376-65(5)(a) | 10.38 |
| Item 1, subsection 376-65(6) | 10.60 |
| Item 1, subsection 376-65(7) | 10.52 |
| Item 1, subsection 376-70(1) | 10.125 |
| Item 1, subsection 376-70(2) | 10.42, 10.48 |
| Item 1, section 376-75 | 10.136 |
| Item 1, subsection 376-125(1), definition of 'production expenditure' in subsection 995-1(1) of the ITAA 1997 | 10.63 |
| Item 1, subsection 376-125(2), definition of 'make' in relation to film in subsection 995-1(1) of the ITAA 1997 | 10.64 |
| Item 1, subsection 376-125(3) | 10.65 |
| Item 1, subsection 376-125(4), item 7, definition of 'make' in relation to film in subsection 995-1(1) of the ITAA 1997 | 10.66 |
| Item 1, subsection 376-125(5) | 10.68 |
| Item 1, section 376-130 | 10.70 |
| Item 1, section 376-135, item 1 in the table | 10.75 |
| Item 1, section 376-135, item 2 in the table | 10.78 |
| Item 1, section 376-135, item 3 in the table | 10.80 |
| Item 1, section 376-135, item 4 in the table | 10.81 |
| Item 1, section 376-135, item 5 in the table | 10.82 |
| Item 1, section 376-135, items 6 and 7 in the table | 10.83 |
| Item 1, section 376-135, item 8 in the table | 10.84 |
| Item 1, section 376-135, item 9 in the table | 10.85 |
| Item 1, section 376-135, item 10 in the table | 10.86 |
| Item 1, section 376-135, item 11 in the table | 10.87 |
| Item 1, section 376-140 | 10.169 |
| Item 1, section 376-145 | 10.88 |
| Item 1, subsection 376-150(1) | 10.89 |
| Item 1, subsection 376-150(1), item 1 in the table | 10.90 |
| Item 1, subsection 376-150(1), item 3 in the table | 10.93 |
| Item 1, subsection 376-150(1), item 5 in the table | 10.96 |
| Item 1, subsection 376-150(2) | 10.91 |
| Item 1, section 376-155 | 10.97 to 10.99 |
| Item 1, paragraph 376-155(b) | 10.213 |
| Item 1, section 376-160 | 10.100 |
| Item 1, subsection 376-165(1), item 1 in the table | 10.172 |
| Item 1, subsection 376-165(1), item 2 in the table | 10.173 |
| Item 1, subsection 376-165(1), item 3 in the table | 10.175 |
| Item 1, subsection 376-170(1) | 10.61 |
| Item 1, subsection 376-170(2), item 1 in the table | 10.101 |
| Item 1, subsection 376-170(2), item 2 in the table | 10.103, 10.104 |
| Item 1, subsection 376-170(2), item 3 in the table | 10.105 |
| Item 1, subsection 376-170(2), item 4 in the table | 10.106 |
| Item 1, subsection 376-170(3) | 10.102 |
| Item 1, paragraph 376-170(4)(a) | 10.107 |
| Item 1, paragraph 376-170(4)(b) | 10.108, 10.109 |
| Item 1, paragraph 376-170(4)(c) | 10.40, 10.47 |
| Item 1, subsection 376-170(5) | 10.41, 10.46 |
| Item 1, subsection 376-170(6) | 10.110 |
| Item 1, section 376-175 | 10.113 |
| Item 1, subsection 376-180(1) | 10.115 |
| Item 1, subsection 376-180(2) | 10.116 |
| Item 1, subsection 376-230(3) | 10.123 |
| Item 1, subsection 376-235(2) | 10.140 |
| Item 1, subsection 376-240(1) | 10.137 |
| Item 1, subsection 376-245(3) | 10.138 |
| Item 1, subsection 376-245(4) | 10.139 |
| Item 1, section 376-250 | 10.142 |
| Item 1, section 376-255 | 10.141, 10.188 |
| Item 1, subsection 376-265(1) | 10.146 |
| Item 1, subsection 376-265(2) | 10.145 |
| Item 1, section 376-270 | 10.143, 10.144 |
| Item 1, section 376-270, subsections 376-245(3) to (5) | 10.135 |
| Item 1, paragraphs 376-20(2)(a) and 376-45(2)(a) | 10.178 |
| Item 1, paragraphs 376-20(2)(b) and 376-45(2)(b) | 10.179 |
| Item 1, sections 376-30 and 376-50 | 10.180 |
| Item 1, subsection 376-245(5) | 10.181 |
| Item 1, section 376-240 | 10.183 |
| Item 1, paragraph 376-245(1)(a) | 10.184 |
| Item 1, paragraph 376-245(1)(b) | 10.185 |
| Item 1, subsection 376-250(1) | 10.186, 10.187 |
| Item 1, subsection 376-250(3) | 10.189 |
| Item 1, subsection 376-260(1) | 10.193 |
| Item 1, subsection 376-260(2) | 10.195 |
| Item 1, subsection 376-260(3) | 10.194 |
| Item 1, section 376-270 | 10.190, 10.191 |
| Item 1, definition of 'total film expenditure' in subsection 995-1(1) of the ITAA 1997 | 10.110 |
| Item 1, definition of 'qualifying Australian production expenditure' in subsection 995-1(1) of the ITAA 1997 | 10.88 |
| Part 2, item 2 | 10.220, 10.221 |
| Part 2, item 3 | 10.222 |
| Part 2, item 5 | 10.223 |
| Part 2, item 6 | 10.224 |
| Part 2, items 7 to 9, and 11 to 15, section 67-10 of the ITAA 1997 | 10.225 |
| Part 2, item 10, subsection 40-45(6) of the ITAA 1997 | 10.227 |
| Item 16, subsection 960-50(6), item 9B in the table | 10.118 |
| Item 21, definition of 'post, digital and visual effects production' in subsection 995-1(1) | 10.207 |
| Part 3, items 26 to 62, 64 to 75, 77, 78, 81, 82, 84, 85, and 88 to 90 | 10.235 |
| Part 3, items 63, 76, 79, 80, 83, 86 and 87, subsection 36-40(3), definitions of 'assessable film income', 'exempt film income', 'film component', 'film deductions', 'film loss' and 'net assessable film income' in subsection 995-1(1) of the ITAA 1997 | 10.237 |
| Part 4, subitem 91(1) | 10.149, 10.228, 10.150, 10.232 |
| Part 4, subitem 91(2) | 10.198, 10.229 |
| Part 4, subitem 91(3) | 10.230 |
| Part 4, subitem 92(2) | 10.233 |
Schedule 11: Research and development
| Bill reference | Paragraph number |
|---|---|
| Item 1 | 11.11 |
| Item 2 | 11.13, 11.14 |
| Item 4 | 11.15 |
| Item 5 | 11.17 |
| Items 6 and 7 | 11.16 |
| Item 8 | 11.18, 11.21 to 11.26 |
| Item 9 | 11.27 |
| Item 10 | 11.28, 11.29 |
| Items 12 and 13 | 11.30 |
| Items 16 to 23 | 11.32 |
| Item 27 | 11.33, 11.34 |
| Item 29 | 11.35 |
| Item 34 | 11.36 to 11.39 |
| Item 35 | 11.44 to 11.47 |
| Item 37 | 11.47 to 11.50, 11.52 to 11.54 |
| Item 38 | 11.70 |
| Items 39 and 41 | 11.55, 11.56 |
| Items 43 to 49 | 11.70 |
| Item 50 | 11.11 |
| Item 51 | 11.57, 11.58 |
| Items 52 to 55 and 61 | 11.70 |
| Item 62 | 11.60, 11.61 |
| Item 66 | 11.65, 11.66 |
| Item 72 | 11.59, 11.62 to 11.64 |
| Item 73 | 11.59 |
| Item 75 | 11.66 |
| Item 78 | 11.67 |
| Item 79 | 11.68 |
| Item 80 | 11.69 |
Schedule 12: Innovation Australia
| Bill reference | Paragraph number |
|---|---|
| Item 1, section 3 | 12.11 |
| Items 1 and 54, the definition of 'Board' in subsection 4(1) of the IR & D Act and the definition of 'Board' in subsection 4(1) of the PDF Act | 12.12 |
| Items 2, 3, 5, 6, 8, 9, 15, 16, 19, 20, 21, 33 and 43, the definitions of 'acting chairperson', 'acting member', and 'chairperson' in subsection 4(1), paragraphs 4(7)(a) and (b), subsections 11(1), 16(4), 17(8), 18(8), 20(5), 21(7) and (8) and 22A(5) of the IR & D Act | 12.23 |
| Item 7, subsection 4(1) | 12.13 |
| Items 10, 57 and 58, section 4 of the IR & D Act, subsections 4(1) and (5) of the PDF Act | 12.14 |
| Item 11, section 6 | 12.19 |
| Item 12, paragraph 7(aa) of the IR & D Act | 12.21 |
| Item 13, paragraph 7(c) of the IR & D Act | 12.20 |
| Item 14, paragraph 7(ca) of the IR & D Act | 12.21 |
| Items 17 and 18, subsection 11(1) of the IR & D Act | 12.22 |
| Items 22 and 23, subsection 19(1) of the IR & D Act | 12.24 |
| Item 24, section 19B of the IR & D Act | 12.25 |
| Items 25, 26 and 27, subsections 20(1) and (4) to (6) of the IR & D Act | 12.26 |
| Item 28, subsections 21(1) and (2) of the IR & D Act | 12.30 |
| Items 28 to 32 and 34, subsections 21(1), (2), (3), (5) and (8), paragraphs 21(3(a) and (b) of the IR & D Act; item 65, sections 72 to 74 of the PDF Act | 12.28 |
| Items 28, 39 to 42 and 44, subsections 22A(1), (2), (3) and (6), paragraph 22A(2)(a), subsections 21(1) and (2) of the IR & D Act | 12.33 |
| Items 34 to 36 and 38, subsections 22(1), (1A), (2) and (7) of the IR & D Act | 12.31 |
| Item 37, subsection 22(2BA) of the IR & D Act | 12.32 |
| Items 45 to 47, subsections 46(1) and (2), paragraph 46(2)(a) of the IR & D Act; item 65, section 75 of the PDF Act | 12.34 |
| Items 48 to 52, subsections 47(1) to (3) of the IR & D Act | 12.35 |
| Items 53, 56 and 57, subsection 4(1) | 12.15 |
| Item 55, subsection 4(1) | 12.16 |
| Item 59, Parts 2 and 9 of the PDF Act | 12.18 |
| Items 60 to 64, subsection 71(5) of the PDF Act | 12.36 |
| Items 66 to 71, paragraph 16(4)(m), the definitions of 'Board' in subsections 73B(1), 73BD(12), 73BE(7), 73BK(12) and 73BL(7) of the ITAA 1936; items 72 to 87, sections 43-100 (heading) and 43-100, paragraph 118-425(2)(b), subsections 118-425(2), 118-425(3) (note 3), 118-425(14) (heading), 118-425(14), paragraph 118-427(3)(c), subsections 118-427(3), 118-427(4) (note 3), 118-427(15) (heading), 118-427(15), 995-1(1), the definitions of 'form approved by the Venture Capital Registration Board' and 'Venture Capital Registration Board' in subsection 995-1(1) of the ITAA 1997; items 88 to 90, the definitions of 'acting Chairperson' and 'new Board' in subsection 4(1), subsection 4(1A) of the Industrial Research and Development Incentives Act 1976; items 91 to 278, subsection 1-15(2), subsection 3(1) (note), paragraph 3-5(c), sections 3-15 (heading), 3-15, 3-20, 7-1, paragraph 9-3(4)(a), subsections 9-4(1) to (6), paragraph 9-10(1)(b), subsections 9-10(2) and (3), 11-1(1), paragraph 11-1(2)(l), subsection 11-5(1), section 11-10, subsections 11-15(1) to (4), 13-1(1), paragraph 13-1(1)(d), subsection 13-1(1A), paragraphs 13-1(1A)(c), (d) and (f), subsection 13-1(2), paragraph 13-1(2)(d), subsections 13-1(3) to (5), 13-5(1), (1A), (2), 13-15(1), (3) and (5) to (9), 13-20(1) to (3), section 15-1, paragraph 15-1(h), subsection 15-5(1), sections 15-10, 15-15, subsections 15-17(1) to (4), section 15-20, subsections 17-1(1) and (2), paragraphs 17-1(3)(a) to (c), subsections 17-1(5), 17-3(1) to (4), 17-5(1), paragraphs 17-5(2)(a) and (c), subsections 17-5(3), (4) and (6), section 17-10 (heading), subsections 17-10(1) and (2), paragraph 17-10(2)(a), sections 17-15 and 17-20, subsections 17-25(1) and (2), section 21-1, subsections 21-5(1), (2) and (4) to (6), 21-10(1) to (4), 21-20(1), section 21-25 (heading), subsections 21-25(1) to (3), paragraph 21-25(3)(a), subsections 21-30(1) and (2), Part 4 (heading), Division 25 of Part 4 (heading), sections 25-1 and 25-5 (heading), subsections 25-5(1), (1A) and (2) to (6), sections 25-10 (heading), subsections 25-10(1), (1A) and (2) to (6), section 25-15 (heading), subsections 25-15(1), (1A) and (2) to (6), section 29-1, subsections 29-5(1) and (2), 29-10(1), (2) and (4) to (6), paragraph 29-10(6)(b), subsection 29-10(8), paragraph 29-10(8)(a), subsection 29-15(1), sections 33-1, 33-5 (heading) and 33-5, paragraphs 33-5(a), (c) and (d) of the VC Act | 12.37 |
| Item 279 (Interpretation), item 280 (Things done to a former Board before commencement), item 281 (Things done to the Chairperson or acting Chairperson of a former Board before commencement), item 282 (Things done by a former Board before commencement), item 283 (Things done by the Chairperson or acting Chairperson of a former Board before commencement), item 284 (Things done by a member or acting member of a former Board before commencement), item 285 (Things done by a person authorised by a former Board before commencement), item 286 (References to a former Board in Instruments etc.) and item 287 (Committees) | 12.38 |
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