House of Representatives
Tax Laws Amendment (Election Commitments No. 1) Bill 2008
Income Tax (Managed Investment Trust Withholding Tax) Bill 2008
Income Tax (Managed Investment Trust Transitional) Bill 2008
Explanatory Memorandum
Circulated by the authority of the Treasurer, the Hon Wayne Swan MPIndex
Schedule 1 : Distributions of managed investment trust income to foreign residents
| Bill reference | Paragraph number |
| Item 1, item 1(a) in the table in paragraph 12-400(1)(b) | 1.26 |
| Item 1, item 1(b) in the table in paragraph 12-400(1)(b) | 1.27 |
| Item 1, item 2 in the table in paragraph 12-400(1)(b) | 1.30 |
| Item 1, item 3 in the table in paragraph 12-400(1)(b) | 1.32 |
| Item 1, section 12-375 | 1.20 |
| Item 1, subsection 12-385(1) | 1.21, 1.63, 1.157 |
| Item 1, paragraph 12-385(3)(a) and subsection 12-385(4) | 7.5 |
| Item 1, paragraph 12-385(3)(b) | 1.74 |
| Item 1, subsection 12-385(5) | 1.76 |
| Item 1, subsection 12-390(1) | 1.96 |
| Item 1, paragraph 12-390(1)(a) | 1.99 |
| Item 1, paragraph 12-390(1)(b) | 1.102 |
| Item 1, subsection 12-390(2) | 1.104 |
| Item 1, subsection 12-390(3) | 1.105 |
| Item 1, subsection 12-390(4) | 1.114 |
| Item 1, subsections 12-390(4) and (5) | 1.123 |
| Item 1, paragraph 12-390(4)(a) | 1.115 |
| Item 1, paragraph 12-390(4)(b) | 1.116 |
| Item 1, paragraph 12-390(7)(a) | 1.126 |
| Item 1, paragraph 12-390(7)(b) | 1.128 |
| Item 1, paragraph 12-390(8)(a) | 1.121 |
| Item 1, paragraph 12-390(8)(b) | 1.122 |
| Item 1, subsection 12-390(9) | 1.94 |
| Item 1, subsection 12-390(10) | 1.131 |
| Item 1, paragraph 12-390(10)(a) | 1.107, 1.108 |
| Item 1, paragraph 12-390(10)(b) | 1.110 |
| Item 1, subsection 12-395(1) | 1.81 |
| Item 1, subsections 12-395(1) and (2) | 1.72 |
| Item 1, subsection 12-395(2) | 1.98 |
| Item 1, paragraph 12-395(2)(b) | 1.87, 1.90 |
| Item 1, subsection 12-395(3) | 1.84, 1.91 |
| Item 1, subsections 12-395(4) and (5) | 1.133 |
| Item 1, subsection 12-395(6) | 1.134 |
| Item 1, subsections 12-400(1) and (2) | 1.25, 1.34 |
| Item 1, paragraph 12-400(1)(a) | 1.23 |
| Item 1, subsection 12-400(3) | 1.39 |
| Item 1, subsections 12-400(4) and (5) | 1.41 |
| Item 1, subsection 12-405(1) | 1.45 |
| Item 1, paragraph 12-405(1)(d) | 1.43, 1.51 |
| Item 1, paragraph (b) of step 2 in the method statement in subsection 12-405(2) | 1.55 |
| Item 1, step 1 in the method statement in subsection 12-405(2) | 1.48 |
| Item 1, step 3 in the method statement in subsection 12-405(2) | 1.56 |
| Item 1, paragraph (a) of step 2 in the method statement in subsection 12-405(2) and subsection 12-405(3) | 1.52 |
| Item 1, subsections 12-405(4) and (5) | 1.58, 1.61 |
| Item 1, subsection 12-410(1) | 1.67 |
| Item 1, subsection 12-410(2) | 1.70 |
| Item 1, section 12-415 | 1.146 |
| Item 1, section 12-420 | 1.65 |
| Items 2, 3, 12, 14, 15, 22, 24, 55 and 57, section 840-1 of the ITAA 1997, section 840-800 of the ITAA 1997, subsection 5(2A) of the Income Tax Act 1986 , section 11-55, subparagraph 118-12(2)(a)(vii), paragraph 118-12(2)(a) and subsection 995-1(1) of the ITAA 1997, subsection 8AAB(5), items 39A and 39B in the table in subsection 250-10(2), item 6 in the table in subsection 340-10(2) | 1.255 |
| Item 2, subsection 840-805(1) of the ITAA 1997 | 1.154, 1.214 |
| Item 2, subsection 840-805(2) of the ITAA 1997 | 1.155 |
| Item 2, paragraph 840-805(2)(a) of the ITAA 1997 | 1.158 |
| Item 2, paragraphs 840-805(2)(a) and (b) of the ITAA 1997 | 1.166 |
| Item 2, paragraph 840-805(2)(b) of the ITAA 1997 | 1.164 |
| Item 2, paragraph 840-805(2)(c) | 1.169 |
| Item 2, paragraph 840-805(2)(d) | 1.170 |
| Item 2, subsection 840-805(3) of the ITAA 1997 | 1.172 |
| Item 2, paragraph 840-805(3)(b) of the ITAA 1997 | 1.174 |
| Item 2, paragraphs 840-805(3)(c) and (d) of the ITAA 1997 | 1.181 |
| Item 2, paragraph 840-805(3)(e) of the ITAA 1997 | 1.183 |
| Item 2, paragraphs 840-805(4)(a) and (b) of the ITAA 1997 | 1.187 |
| Item 2, paragraph 840-805(4)(b) of the ITAA 1997 | 1.194 |
| Item 2, paragraphs 840-805(4)(c) and (d) of the ITAA 1997 | 1.187, 1.195 |
| Item 2, subsection 840-805(5) of the ITAA 1997 | 1.191 |
| Item 2, subsection 840-805(6) of the ITAA 1997 | 1.171, 1.182, 1.197, 1.204. |
| Items 2 and 23, section 840-810 of the ITAA 1997 and section 840-810 of the IT (TP) Act 1997 | 1.225 |
| Items 2 and 23, paragraph-840-810(1)(a) of the ITAA 1997 and of the IT (TP) Act 1997 | 1.226 |
| Item 2, subsection 840-810(4) of the ITAA 1997 | 1.233 |
| Item 2, section 840-815 of the ITAA 1997 | 1.208 |
| Item 2, section 840-820 of the ITAA 1997 | 1.162, 1.186 |
| Items 4 to 6, 13, 17, 19, 25 to 37, 39 to 43, 52 to 54 and 56, section 99G of the ITAA 1936, subsection 995-1(1) of the ITAA 1997, note to subsection 10-5(1), item 26 in the table in subsection 10-5(1), subparagraph 12-315(1)(c)(vii), subsection 15-10(3), note to subsection 15-15(1), subsection 15-35(1), note 2 to section 16-5, note to subsection 16-153(4), note to subsection 16-157(1), heading to Subdivision 16-D, section 16-195, paragraph 16-195(b), section 18-1, subsection 18-10(1), heading to section 18-30, paragraphs 20-35(2)(a) and (b), subsection 45-120(3), paragraph 298-5(c) | 1.256 |
| Item 6, section 99G of the ITAA 1936 | 1.250 |
| Item 7, paragraph 99H(3)(e) of the ITAA 1936 | 1.252 |
| Items 8 and 10, subsections 102L(10) and 102T(11) of the ITAA 1936 | 1.107 |
| Items 9 and 11, subsections 102L(15) and 102T(16) of the ITAA 1936 | 1.63 |
| Items 16, 18, 20 and 21, subsection 995-1(1) of the ITAA 1997 | 1.257 |
| Item 23, Division 840 of the IT (TP) Act 1997 | 1.243 |
| Item 23, section 840-805 of the IT (TP) Act 1997 | 1.154, 1.214 |
| Item 23, subsections 840-805(1), (3) and (4) of the IT (TP) Act 1997 | 1.211 |
| Items 23 and 2, paragraph 840-810(1)(b) of the IT (TP) Act 1997 and of the ITAA 1997 | 1.227 |
| Items 23 and 2, subsection 840-810(2) of the IT (TP) Act 1997 and of the ITAA 1997 | 1.231 |
| Items 23 and 2, subsection 840-810(2) of the IT (TP) Act 1997 and subsection 840-810(3) of the ITAA 1997 | 1.230 |
| Items 36 and 37, section 16-195 and paragraph 16-195(1)(c) | 1.141 |
| Item 38 , subsections 16-195(2) and (3) | 1.148, 1.150 |
| Item 44, section 18-32 | 1.234 |
| Items 45 to 51, section 18-35 | 1.239 |
| Item 46, paragraph 18-35(1)(a) | 1.139 |
| Item 47, subsection 18-35(1A) | 1.149 |
| Items 48 to 51, paragraphs 18-35(2)(a) and (c) and (3)(a) and (c) | 1.241 |
| Item 56, paragraph 298-5(c) | 1.138 |
| Item 58 | 1.243 |
| Bill reference | Paragraph number |
| Item 2, section 51-60 | 2.5 |
| Item 3 | 2.6 |
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