House of Representatives

Tax Laws Amendment (2010 Measures No. 3) Bill 2010

Tax Laws Amendment (2010 Measures No. 3) Act 2010

Explanatory Memorandum

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

Index

Schedule 2: Thin capitalisation

Bill reference Paragraph number
Item 1, subsection 820-300(4) 2.18
Items 3 and 4, section 820-310 (step 1 in the method statement), section 820-310 (step 3(d) in the method statement) 2.31
Items 4, 6 and 8, section 820-310 (step 3(c) in the method statement), subsection 820-310(2) and the definition of value of business in force in subsection 995-1(1) 2.25
Item 4, section 820-310 (step 3(c) in the method statement) 2.26
Items 4 and 7, section 820-310 (step 3(d) in the method statement) and subsection 820-680(1)(note) 2.24
Item 6, section 820-310 2.27
Item 7, subsection 820-680(1)(note) 2.32
Item 9 2.33

Schedule 3: Exempting certain transactions involving security agencies

Bill reference Paragraph number
Clause 2, item 3 in the table 3.25
Item 1, subsection 850-100(1) 3.6
Item 1, subsections 850-100(2) and (3) 3.8, 3.9, 3.11
Item 1, subsection 850-100(4) 3.8, 3.14
Item 1, subsection 850-100(5) 3.9
Item 1, subsection 850-100(6) 3.19, 3.25
Item 1, paragraph 850-100(6)(a) 3.14
Item 1, paragraph 850-100(6)(b) 3.12
Item 1, subsection 850-100(7) 3.22, 3.23
Item 1, paragraph 850-100(8)(a) 3.16, 3.17
Item 1, paragraph 850-100(8)(b) 3.16
Item 1, paragraph 850-100(8)(c) 3.20
Item 1, subsection 850-100(9) 3.21

Schedule 4: Special disability trusts

Bill reference Paragraph number
Item 3, subsection 95AB(1) 4.15
Item 3, subsection 95AB(2) 4.19
Item 3, subsection 95AB(3) 4.25
Item 3, subsection 95AB(4) 4.22
Item 3, paragraph 95AB(4)(b) 4.21
Item 4, paragraph 102AC(2)(d) 4.30
Item 8 4.31

Schedule 5: Managed investment trusts

Bill reference Paragraph number
Item 1, section 275-5 of the ITAA 1997 5.55, 5.109
Item 1, section 275-10 of the ITAA 1997 5.59, 5.111
Item 2, section 275-15 of the ITAA 1997 5.115
Items 3 and 4, subsection 995-1(1) of the ITAA 1997 and section 12-404 5.68
Item 4, subsection 12-400(1) 5.37
Item 4, paragraph 12-400(1)(a) 5.42
Item 4, paragraphs 12-400(1)(a) to (d) 5.39
Item 4, paragraph 12-400(1)(c) 5.56
Item 4, paragraph 12-400(1)(d) 5.44, 5.95
Item 4, paragraph 12-400(1)(d) and subparagraph 12-400(1)(f)(ii) 5.114
Item 4, paragraph 12-400(1)(e) 5.65
Item 4, paragraphs 12-400(1)(e) and (f) 5.38
Item 4, paragraphs 12-400(1)(e) and (f), and sections 12-401 and 12-402 5.41
Item 4, subparagraph 12-400(1)(f)(iii) 5.77
Item 4, subparagraphs 12-400(1)(f)(iii) to (v) 5.76
Item 4, subparagraphs 12-400(1)(f)(iv) and (v) 5.78
Item 4, paragraph 12-400(2)(a) 5.48
Item 4, paragraph 12-400(2)(b) 5.48
Item 4, paragraph 12-400(3)(a) 5.71
Item 4, paragraph 12-400(3)(b) 5.72
Item 4, subsection 12-400(4) 5.70, 5.98
Item 4, section 12-401 5.66
Item 4, subparagraph 12-401(1)(b)(i) and section 12-404 5.67
Item 4, subparagraph 12-401(1)(b)(ii) 5.69
Item 4, subsection 12-401(2) 5.66
Item 4, paragraph 12-402(1)(a) and subparagraph 12-400(1)(f)(i) 5.86
Item 4, paragraph 12-402(1)(b) 5.96
Item 4, paragraph 12-402(2)(c) 5.92, 5.95
Item 4, paragraph 12-402(2)(d) 5.93
Item 4, subsection 12-402(3) 5.89
Item 4, paragraph 12-402(3)(d) 5.113
Item 4, paragraph 12-402(4)(b) 5.87
Item 4, subsection 12-402(5) 5.94
Item 4, paragraph 12-402(6)(a) 5.87
Item 4, paragraph 12-402(6)(b) 5.87
Item 4, paragraph 12-403(1)(a) and subparagraph 12-400(1)(f) (ii) 5.79
Item 4, subparagraph 12-403(1)(a)(i) 5.80
Item 4, subparagraph 12-403(1)(a)(ii) 5.81
Item 4, paragraphs 12-403(1)(b) and (c) and subsections 12-403(2) and (3) 5.82
Item 5, paragraph 45-286(b) 5.116
Subitem 6(1) 5.99
Subitem 6(2) 5.54, 5.100
Subitem 6(3) 5.102
Subitem 6(4) 5.106

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