House of Representatives

Tax Laws Amendment (2009 Budget Measures No. 2) Bill 2009

Income Tax (TFN Withholding Tax (ESS)) Bill 2009

Explanatory Memorandum

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

Index

Schedule 1: Employee share schemes

Bill reference Paragraph number
Item 1, section 83A-1 1.83
Item 1, paragraph 83A-5(a) 1.87
Item 1, paragraph 83A-5(b) 1.85
Item 1, subsection 83A-10(1) 1.92, 1.276
Item 1, subsection 83A-10(2) 1.90, 1.319
Item 1, section 83A-15 and subsection 83A-25(1) 1.101
Item 1, subsection 83A-20(1) 1.99
Item 1, subsection 83A-20(2) 1.104
Item 1, subsection 83A-20(2) and paragraph 83A-105(1)(a) 1.142
Item 1, subsection 83A-25(2) 1.105
Item 1, subsections 83A-25(2) and 83A-110(2) 1.351
Item 1, section 83A-30 1.211
Item 1, section 83A-35 1.114
Item 1, subsections 83A-35(1) and paragraph 83A-35(2)(a) 1.115
Item 1, paragraph 83A-35(2)(b) 1.117
Item 1, subsection 83A-35(3) 1.118
Item 1, subsection 83A-35(4) 1.120
Item 1, subsection 83A-35(5) and paragraph 83A-105(1)(b) 1.321
Item 1, subsection 83A-35(6) 1.122
Item 1, subsection 83A-35(7) 1.126
Item 1, subsection 83A-35(8) 1.129
Item 1, subsection 83A-35(9) 1.133
Item 1, section 83A-100 1.137
Item 1, subsection 83A-105(1) 1.140
Item 1, paragraphs 83A-105(1)(b) and (c) and subsection 83A-35(4) 1.163
Item 1, paragraphs 83A-105(1)(b) and (c) and subsection 83A-35(9) 1.169
Item 1, subsection 83A-105(2) 1.165
Item 1, subsection 83A-105(3) 1.155
Item 1, paragraph 83A-105(4)(a) 1.175
Item 1, paragraphs 83A-105(1)(b) and (c) 1.187
Item 1, subparagraph 83A-105(4)(b)(i) 1.177
Item 1, subparagraph 83A-105(4)(b)(ii) 1.178
Item 1, subparagraph 83A-105(4)(b)(iii) 1.180
Item 1, paragraph 83A-105(4)(c) and subsection 83A-105(5) 1.183
Item 1, subsection 83A-110(1) 1.144
Item 1, subsection 83A-110(2) 1.147
Item 1, subsections 83A-115(1), (2 and (4) to (6) 1.190
Item 1, subsections 83A-115(3) and 83A-120(3) 1.201
Item 1, subsections 83A-120(1), (2) and (4) to (7) 1.198
Item 1, section 83A-125 1.211
Item 1, subsection 83A-130(1) 1.246
Item 1, subsections 83A-130(2) and (4) 1.250
Item 1, subsection 83A-130(3) 1.259
Item 1, subsection 83A-130(5) 1.261
Item 1, subsection 83A-130(6) 1.262
Item 1, subsections 83A-130(7) and (8) 1.264
Item 1, paragraph 83A-130(9)(a) 1.263
Item 1, subparagraphs 83A-130(9)(b)(i) and (ii) 1.265
Item 1, section 83A-200 1.337
Item 1, subsection 83A-205(1) 1.338
Item 1, subsections 83A-205(2) and (3) 1.339
Item 1, subsection 83A-205(4) 1.341
Item 1, section 83A-210 1.345
Item 1, section 83A-305 1.267, 1.270
Item 1, section 83A-310 1.330
Item 1, section 83A-315 1.110
Item 1, subsections 83A-320(1), (2) and (4) 1.277
Item 1, subsection 83A-320(3) 1.278
Item 1, section 83A-325 1.373
Item 1, section 83A-330 1.130, 1.376
Item 1, subsection 83A-335(1) 1.377
Item 1, subsection 83A-335(2) 1.380
Item 1, subsection 83A-335(3) 1.381
Item 1, section 83A-340 1.367
Item 2, subsections 14-155(1) and (3) in Schedule 1 to the TAA 1953, and clause 3 of the Income Tax (TFN Withholding Tax (ESS)) Bill 2009 1.300
Item 2, subsection 14-155(2) in Schedule 1 to the TAA 1953 1.309
Item 2, subsection 14-155(4) in Schedule 1 to the TAA 1953 1.311
Item 2, section 14-160 in Schedule 1 to the TAA 1953 1.304
Item 2, section 14-165 in Schedule 1 to the TAA 1953 1.312
Item 2, section 14-170 in Schedule 1 to the TAA 1953 1.314
Item 2, section 14-175 in Schedule 1 to the TAA 1953 1.316
Item 2, section 14-180 in Schedule 1 to the TAA 1953 1.317
Items 3 and 4, subsection 16-70(3) and section 16-80 in Schedule 1 to the TAA 1953 1.318
Item 5, section 392-1 in Schedule 1 to the TAA 1953 1.281
Item 5, subsection 392-5(1) in Schedule 1 to the TAA 1953 1.287
Item 5, subsection 392-5(2) in Schedule 1 to the TAA 1953 1.289
Item 5, subsection 392-5(3) in Schedule 1 to the TAA 1953 1.290
Item 5, subsection 392-5(4) in Schedule 1 to the TAA 1953 1.291
Item 5, subsections 392-5(5) and (7) in Schedule 1 to the TAA 1953 1.292
Item 5, subsection 392-5(6) in Schedule 1 to the TAA 1953 1.307
Item 5, subsection 392-5(6) in Schedule 1 to the TAA 1953 1.293
Item 5, section 392-10 in Schedule 1 to the TAA 1953 1.294, 1.371
Item 5, section 392-15 in Schedule 1 to the TAA 1953 1.297
Items 6, 7, 9, 10, 12 to 18, 20 to 22, 24 to 39, 41 to 59, 65, 67 to 79, 81 and 82 1.423
Item 8, paragraphs 136(1)(h) and (ha) 1.94
Item 11, subsection 21A(7) of the ITAA 1936 and item 23, paragraph 15-2(3)(e) 1.95
Item 19, item 30 in the table in subsection 170(10AA) of the ITAA 1936 1.328, 1.387
Item 19, item 35 in the table in subsection 170(10AA) of the ITAA 1936 1.370, 1.389
Item 40, subsection 130-75 1.203
Item 40, subsection 130-80(1) 1.207
Item 40, subsection 130-80(2) 1.235
Item 40, subsection 130-80(3) 1.243
Item 40, subsection 130-80(4) 1.145, 1.233, 1.236
Item 40, paragraph 130-80(4)(a) 1.335
Item 40, paragraph 130-80(4)(b) 1.336
Item 40, subsections 130-85(1) and (2) 1.218
Item 40, subsection 130-85(3) 1.240
Item 40, subsection 130-85(4) 1.216
Item 40, subsection 130-90(1) 1.225
Item 40, subsection 130-90(2) 1.228
Item 40, section 130-95 1.214
Item 40, paragraphs 130-100(a) and (d) to (f) 1.242
Item 40, paragraph 130-100(b) 1.239
Item 40, paragraph 130-100(c) 1.241
Items 60 and 61 and 63 and 64 1.366
Item 62 1.363
Item 66, section 960-415 1.109
Item 80, subsection 286-75(2BA) in Schedule 1 to the TAA 1953 1.288
Item 83, paragraph 83A-5(1)(a) of the IT(TP)A 1997 1.391
Item 83, paragraph 83A-5(1)(b) of the IT(TP)A 1997 1.392
Item 83, paragraph 83A-5(4)(a) of the IT(TP)A 1997 1.399
Item 83, paragraph 83A-5(4)(b) of the IT(TP)A 1997 1.395
Item 83, paragraph 83A-5(4)(c) of the IT(TP)A 1997 1.396
Item 83, paragraph 83A-5(4)(d) of the IT(TP)A 1997 1.398
Item 83, paragraph 83A-5(4)(e) of the IT(TP)A 1997 1.400
Item 83, subparagraph 83A-5(4)(f)(i) of the IT(TP)A 1997 1.403
Item 83, subparagraph 83A-5(4)(f)(ii) of the IT(TP)A 1997 1.407
Item 83, paragraph 83A-5(4)(g) of the IT(TP)A 1997 1.402
Item 83, subsection 83A-10 of the IT(TP)A 1997 1.414
Item 83, section 83A-15 of the IT(TP)A 1997 1.413
Items 83 and 86, subsections 83A-5(2) and (3) of the IT(TP)A 1997 1.394
Items 84 and 85 1.417
Item 87 1.418

Schedule 2: Non-commercial losses

Bill reference Paragraph number
Items 3 and 4, paragraphs 35-10(1)(a) and (2A)(a) 2.21
Item 5, subsection 35-10(2D) 2.19, 2.20
Item 5, paragraph 35-55(1)(b) 2.45
Item 7, subsection 35-55(1) 2.37
Item 8 2.44
Item 9, paragraph 35-55(1)(b) 2.36
Items 9 and 11, paragraphs 35-55(1)(b) and (c) 2.23
Item 13, note to subsection 35-55(1) 2.32, 2.35
Item 13, subsection 35-55(3) 2.26

Schedule 3: Lost members' superannuation

Bill reference Paragraph number
Items 1 to 5, paragraphs 6(a), (ca), (e) and 6(ea) and section 7 3.20
Item 6, section 8 3.17
Item 7, section 8 3.16
Items 8, 9, 11 and 13, section 8, subsections 12(3) and 13(1B) 3.21
Item 10, section 8 3.22
Items 12 and 14, paragraphs 12(1)(c) and 14(c) 3.23
Items 15 and 16, paragraphs 15A(a) and (b) 3.24
Item 17, paragraphs 19(1)(e) and (f) 3.65
Items 18 to 22, section 20H 3.66
Item 23 3.14
Item 24, section 24A 3.15
Item 24, section 24B 3.18
Item 24, paragraph 24B(1)(c) 3.19
Item 24, subsection 24C(1) 3.30
Item 24, subsections 24C(1) and (5) 3.26
Item 24, subsection 24C(1) and section 24H 3.27
Item 24, subsection 24C(2) 3.31
Item 24, subsection 24C(3) 3.33
Item 24, subsection 24C(4) 3.32
Item 24, subsection 24C(6) 3.34
Item 24, section 24D 3.38
Item 24, subsection 24E(1) 3.41
Item 24, subsection 24E(1) and section 24H 3.43
Item 24, subsections 24E(2) and (3) 3.44
Item 24, paragraph 24E(4)(a) 3.45
Item 24, paragraphs 24E(4)(b), (c) and (d) 3.46
Item 24, subsection 24E(5) 3.47
Item 24, subsection 24E(6) 3.48
Item 24, subsection 24E (7) 3.49
Item 24, subsection 24F(1) 3.50
Item 24, subsection 24F(2) 3.51
Item 24, subsection 24G(1) 3.52
Item 24, paragraphs 24G(2)(a) and (d) 3.54
Item 24, paragraphs 24G(2)(b) and (c) 3.55
Item 24, subsection 24G(3) 3.56
Item 24, subsection 24G(4) 3.57
Item 24, subsection 24J(2) 3.58
Item 24, section 24K 3.60
Item 24, paragraph 24K(4)(a) 3.61
Item 24, subsection 24K(8) 3.62
Item 24, section 24L 3.64
Item 24, section 24M 3.72
Item 25, subsection 25(4) 3.67
Item 26, paragraph 29(1)(aa) 3.68
Item 27, paragraph 18(4B)(ca) of the Financial Transaction Reports Act 1988 3.71
Items 28 to 40, section 301-125, subsections 307-5(1), 307-142(1) to (3), 307-300(1) to (3), 307-350(2B), and paragraph 307-120(2)(e) of the ITAA 1997 3.73
Item 41, subsection 8AAB(5) of the TAA 1953 3.69
Items 42 and 43, subsection 250-10(2) in Schedule 1 to the TAA 1953 3.70
Item 44 3.74
Item 45 3.75


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