House of Representatives

Tax Laws Amendment (2008 Measures No. 2) Bill 2008

Tax Laws Amendment (2008 Measures No. 2) Act 2008

Explanatory Memorandum

(Circulated by authority of the Treasurer, the Hon Wayne Swan MP)

Index

Schedule 1: Amounts misappropriated by an employee or agent

Bill reference Paragraph number
Items 1, 2, 4 to 6 and 9 to 17 of the ITAA 1997 1.49
Item 2, subsection 20-30(1) of the ITAA 1997 1.26
Item 3, section 25-47 of the ITAA 1997 1.15
Item 3, subsection 25-47(2) of the ITAA 1997 1.21
Item 3, subsection 25-47(4) of the ITAA 1997 1.16, 1.23
Item 3, subsection 25-47(5) of the ITAA 1997 1.25
Item 7, subsections 104-240(3) and (4) and item 8, subsections 104-245(3) and (4) of the ITAA 1997 1.19
Items 7, 8 and 18, subsections 104-240(5), 104-245(5) and 116-60(5) of the ITAA 1997 1.46
Item 8, subsections 104-245(3) and (4) of the ITAA 1997 1.45
Item 18, section 116-60 of the ITAA 1997 1.17
Item 18, subsection 116-60(1) of the ITAA 1997 1.29, 1.30
Item 18, subsection 116-60 (2) of the ITAA 1997 1.29
Item 18, subsection 116-60(3) of the ITAA 1997 1.31
Item 18, subsection 116-60(4) of the ITAA 1997 1.32
Item 19 1.48

Schedule 2: Late payment offset for superannuation guarantee contributions

Bill reference Paragraph number
Item 1, paragraph 23A(1)(a) 2.9, 2.15
Item 2, subsection 23A(2) 2.13, 2.18, 2.32
Item 3, subsection 23(4A) 2.16
Items 4 to 7 2.23
Item 7, subsection 49(3A) 2.24, 2.25
Item 8 2.11, 2.28
Item 8, subitem (2) 2.33
Item 8, subitem (4) 2.34, 2.40
Item 8, paragraph (3)(a) 2.39
Item 8, paragraph (3)(b) 2.37
Item 9 2.12, 2.28, 2.30, 2.31

Schedule 3: CGT market value substitution rule for interests in widely held entities

Bill reference Paragraph number
Items 1 and 2, subsections 116-30(2B) and 116-35(1) to (5) 3.9
Item 2, subsections 116-35(3) and (4) 3.12
Item 2, subsection 116-35(5) 3.13
Item 2, subsection 116-35(6) 3.15
Item 3 3.17

Schedule 4: Endeavour Research Fellowships and Executive Awards

Bill reference Paragraph number
Items 1 to 3, section 11-15 4.13
Item 4, section 51-10 4.9
Item 5 4.12

Schedule 5: Early completion bonuses for apprentices

Bill reference Paragraph number
Item 1, section 11-15 5.14
Item 2, section 51-10 5.8
Item 3, subsection 51-42(1) 5.9
Item 3, paragraph 51-42(2)(a) 5.10
Subitem 3(2), paragraph 51-42(2)(b) 5.11

Schedule 6: Deductible gift recipients

Bill reference Paragraph number
Item 1 6.10
Items 1, 2, 4, 5 and 8 to 10 6.5
Items 1 to 11 6.20
Item 2 6.7
Item 3 6.17
Items 3, 6, 7 and 11 6.15
Item 4 6.6, 6.12
Item 5 6.14
Item 6 6.19
Item 7 6.18
Item 8 6.8, 6.11
Item 9 6.9
Item 10 6.13
Item 11 6.16
Items 12 to 20 6.21

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