House of Representatives

Tax Laws Amendment (2008 Measures No. 5) Bill 2008

Tax Laws Amendment (2008 Measures No. 5) Act 2008

Explanatory Memorandum

Circulated By the Authority of the Treasurer, the Hon Wayne Swan Mp

Index

Schedule 1 : Goods and services tax and real property

Bill reference Paragraph number
Item 1 1.48
Item 2 1.30
Item 3 1.34
Item 4 1.42
Items 5 to 7 1.66
Item 8 1.49
Item 9 1.51
Item 10 1.38, 1.40
Item 11 1.56, 1.60
Item 12 1.66
Item 13 1.65
Schedule 2 : Thin capitalisation and international financial reporting standards
Bill reference Paragraph number
Items 1 to 4, subsections 820-680(1), (1A), (2) and (2B) 2.59
Item 5, subsection 820-682(1) 2.24
Item 5, subsection 820-682(2) 2.28
Item 5, subsections 820-682(3) and (4) 2.25, 2.30
Item 5, subsection 820-683(1) 2.36
Item 5, subsections 820-683(1) and (2 ) 2.34
Item 5, subsection 820-683(2) 2.41
Item 5, subsection 820-683(3) 2.37
Item 5, subsection 820-683(4) 2.38
Item 5, subsection 820-683(5) 2.39, 2.40
Item 5, subsection 820-683(6) 2.41
Item 5, subsections 820-684(1) and (2) 2.44
Item 5, subsection 820-684(2) 2.54
Item 5, paragraph 820-684(3)(a) 2.46
Item 5, paragraphs 820-684(3)(b) and (c) 2.46
Item 5, subsection 820-684(4) 2.46
Item 5, subsection 820-684(5) 2.48
Item 5, subsection 820-684(6) 2.49
Item 5, subsection 820-684(7) 2.54
Item 6, section 820-960 2.56
Items 7 and 8, subsections 820-985(1) and (3) 2.53
Item 9 2.58
Schedule 3 : Interest withholding tax and state government bonds
Bill reference Paragraph number
Item 1 3.14, 3.15, 3.19
Item 2 3.22
Schedule 4 : Fringe benefits tax
Bill reference Paragraph number
Items 1 to 6, 10 to 16, 18 to 21, 24 to 29 and 33 to 38 4.12
Items 7, 17, 30 and 39 4.9
Items 8, 22, 31 and 40 4.10
Part 2, items 42 to 75 4.16
Subitems 9(1) and 23(1), items 32 and 41 4.13
Subitem 9(2) 4.14
Subitem 23(2) 4.15
Schedule 5 : Eligible investment business rules
Bill reference Paragraph number
Item 4, section 102M 5.18
Item 5, section 102M 5.17
Item 7, section 102M 5.13
Item 8, subsection 102MB(1) 5.13
Item 8, subsection 102MB(3) 5.17
Item 8, paragraph 102MA(2)(a) 5.20
Item 8, paragraph 102MA(2)(b) 5.20
Item 8, paragraph 102MA(2)(c) 5.20
Item 8, paragraphs 102MA(2)(d) and (e) 5.20
Item 8, subsection 102MA(3) 5.25
Item 8, paragraph 102MA(3)(c) 5.26
Item 8, subsection 102MA(4) 5.28
Item 8, paragraph 102MA(5)(a) 5.33
Item 8, paragraph 102MA(5)(b) 5.33
Item 8, subsection 102MA(6) 5.35
Item 8, subsection 102MA(7) 5.36
Item 8, paragraph 102MA(7)(b) 5.38
Item 8, section 102MC 5.41
Items 9 and 10 5.43

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