House of Representatives

Tax and Superannuation Laws Amendment (2014 Measures No. 6) Bill 2014

Tax and Superannuation Laws Amendment (2014 Measures No. 6) Act 2014

Explanatory Memorandum

(Circulated by the authority of the Treasurer, the Hon. J. B. Hockey MP)

Index

Schedule 1: Roll-overs for business restructures

Bill reference Paragraph number
Subclause 4(1) 1.91
Item 1, Division 615 1.38, 1.66, 1.75
Item 1, section 615-1 1.74
Item 1, sections 615-5 and 615-10 1.70
Item 1, sections 615-5 and 615-45 1.39
Item 1, subsections 615-5(2) and 615-10(2) 1.43
Item 1, sections 615-15, 615-20, 615-25, 615-30 and 615-35 1.71
Item 1, section 615-30 1.68
Item 1, sections 615-40, 615-45, 615-50, 615-55 and 615-60 1.72
Item 1, paragraphs 615-45(c) and (d) 1.58
Item 1, section 615-50 1.44
Item 1, subsection 615-50(3) 1.48
Item 1, section 615-55 1.50
Item 1, subsection 615-55(1) 1.51, 1.56
Item 1, subsection 615-55(2) 1.57
Item 1, section 615-60 1.42
Items 2 to 36, note 5 to section 121AS in the Income Tax Assessment Act 1936, paragraph 103-25(3)(a), table items 9, 10, 14D and 14E in section 112-115, subparagraphs 124-20(3)(a)(i) to (ii) and (v) to (vi), Subdivisions 124-G and 124-H, subsection 124-795(3), notes to subsections 124-795(3), 125-70(5) and 703-5(2), Group heading before section 703-65, note to section 703-65, heading to section 703-70, subsections 703-70(1) and (2), notes to subsection 703-70(2) and (3), heading to section 703-75, subsection 703-75(1), note to subsection 703-75(1), subsections 703-75(2) and (3), heading to 703-80, subsection 703-80(1) and note 2 to section 703-80 in the ITAA 1997, subsections 58T(1) and (2) and the note to subsection 58T(2) in the Petroleum Resource Rent Tax Act 1987 and paragraph 45-705(4)(a), subparagraphs 45-705(4)(d)(i) and (ii) and paragraphs 45-705(d) and 45-740(2)(a) in Schedule 1 to the Taxation Administration Act 1953 1.76
Items 37 and 38, paragraphs 124-860(4)(b) and 126-225(1)(b) 1.63
Subitems 39(1) and (2) 1.78
Subitem 39(2) 1.85
Subitem 39(3) 1.86
Item 40 1.90
Item 41, section 615-5 of the Income Tax (Transitional Provisions) Act 1997 1.79
Item 41, sections 615-10, 615-15 and 615-20 of the Income Tax (Transitional Provisions) Act 1997 1.80, 1.81

Schedule 2: MIT withholding regime for foreign pension funds

Bill reference Paragraph number
Subclause 4(2) 2.17
Items 1 and 2, section 840-800 and subsection 840-805(4A) 2.11
Item 2, subsection 840-805(4C) 2.13
Items 2 and 3, subsection 840-805(4B) and the definition of 'foreign pension fund' in subsection 995-1(1) 2.12
Item 4, subsections 18-32(3) and (4) 2.14
Item 5 2.15

Schedule 3: Income tax exemption for Force Posture Initiatives

Bill reference Paragraph number
Item 1, subsection 23AA(1) 3.15
Item 2, subsection 23AA(1) 3.18
Item 2, subsection 23AA(1) definition of 'Force Posture Agreement' 3.28
Item 3 3.29

Schedule 4: Fuel tax credits

Bill reference Paragraph number
Subclause 2(1) 4.26, 4.27
Items 1 and 3, subsections 43-5(2A) and 43-10(6) of the Fuel Tax Act 2006 4.20
Item 1, subsection 43-5(2A) of the Fuel Tax Act 2006 4.21
Bill reference Paragraph number
Items 2 and 4, subsections 43-6(1) and 43-6(2), section 110-5 (definition of fuel tax) of the Fuel Tax Act 2006 4.9
Item 2, subsections 43-6(3) and 43-6(4) of the Fuel Tax Act 2006 4.14
Item 5 4.24

Schedule 5: Energy Grants (Cleaner Fuels) Scheme

Bill reference Paragraph number
Item 1, subregulations 3A(2) and 3A(3) of the Energy Grants (Cleaner Fuels) Scheme Regulations 2004 4.23
Items 1 to 5, subregulation 3A(1), Regulations 6 and 7C of the Energy Grants (Cleaner Fuels) Scheme Regulations 2004 4.22

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