House of Representatives

Tax Laws Amendment (Small Business Measures No. 2) Bill 2015

Tax Laws Amendment (Small Business Measures No. 2) Act 2015

Explanatory Memorandum

(Circulated by the authority of the Minister for Small Business, the Hon Bruce Billson MP)

Index

Schedule 1: Accelerated depreciation for small business entities

Bill reference Paragraph number
Items 1 to 8, note 3 at the end of subsection 328-175(10), notes at the end of subsections 328-180(1) to (3), note at the end of subsection 328-210(1), notes at the end of subsections 328-250(1) and (4), and note at the end of subsection 328-253(4) 1.40
Item 9, paragraphs 328-180(4)(a) and (b) of the Income Tax (Transitional Provisions) Act°1997 1.14
Item 9, subsection 328-180(5) of the Income Tax (Transitional Provisions) Act 1997 1.20
Item 9, paragraphs 328-180(5)(a) and (b) of the Income Tax (Transitional Provisions) Act 1997 1.22
Item 9, subsection 328-180(6) of the Income Tax (Transitional Provisions) Act 1997 1.24, 1.25
Item 9, subsections 328-180(1) and (2) of the Income Tax (Transitional Provisions) Act 1997 1.32
Item 9, subsections 328­180(1) and (3) of the Income Tax (Transitional Provisions) Act 1997 1.34
Item 9, subsection 328-180(4) of the Income Tax (Transitional Provisions) Act 1997 1.12
Items 10 to 14, note 3 at the end of subsection 328-175(10), notes at the end of subsections 328-180(1) to (3), note at the end of subsection 328-210(1), notes at the end of subsections 328-250(1) and (4), and note at the end of subsection 328-253(4) 1.41

Schedule 2: Accelerated depreciation for primary producers

Bill reference Paragraph number
Items 1, 2, 4 and 20, sections 12-5, 40-10, 40-510 and 995-1 2.51
Item 3, section 40-53 2.19, 2.42
Items 5, 6, 15 and 17, sections 40-515, 40-530 and 40-548 2.20
Items 5, 6, 15 and 17, sections 40-530 and 40-551 2.44
Items 7 and 19, sections 40-515 and 40-555 2.47
Item 7, section 40-515 2.24
Items 8 to 10, section 40-515 2.45
Items 8 to 10, subsection 40-515(4) 2.22
Items 11 and 12, section 40-520 2.16, 2.40
Item 13 , subsections 40-525(1) and (2) (paragraph (a) of the note) 2.34
Item 14, section 40-525 2.15, 2.39
Item 16, section 40-540 2.30
Item 17, section 40-548 2.13
Item 17 section 40-551 2.38
Item 18, subsection 40-555(1) 2.33
Item 19, section 40-555 2.25
Item 21 2.52

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