House of Representatives

Tax Laws Amendment (Small Business Measures No. 3) Bill 2015

Explanatory Memorandum

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

Index

Schedule 1: Tax discount for unincorporated small businesses

Bill reference Paragraph number
Item 1, subsection 328-355(1) 1.11
Item 1, subsection 328-360(1) 1.53, 1.55, 1.69
Item 1, paragraph 328-360(1)(b) 1.59, 1.63, 1.68
Item 1, subsections 328-360(1) and (2) 1.19
Item 1, paragraphs 328-365(1)(a) and (b) 1.24
Item 1, subparagraphs 328-365(1)(a)(i) and (ii) 1.34
Item 1, paragraph 328-365(1)(b) 1.39
Item 1, subsection 328-365(2) 1.26
Item 1, section 328-370 1.50
Item 1, subsection 328-375(1) 1.72
Item 1, subsection 328-375(2) 1.73
Item 1, paragraph 328-375(2)(b) 1.82
Item 1, subsection 328-375(3) 1.84
Items 2 to 5, table in section 13-1, section 328-5, table in subsection 328-10(1) and subsection 995-1(1) 1.86

Schedule 2: Immediate deductibility for small business start-up expenses

Bill reference Paragraph number
Items 1 and 2, section 40-825 and subsection 40-880(1) 2.31
Item 3, subsection 40-880(2A) 2.15, 2.17
Item 3, paragraph 40-880(2A)(a) 2.19
Item 3, paragraph 40-880(2A)(b) 2.20
Item 3, paragraph 40-880(2A)(c) 2.28, 2.29
Item 4, table item 1A of the table in subsection 328-10(1) 2.30
Item 5 2.32

Schedule 3: FBT and portable electronic devices

Bill reference Paragraph number
Items 1 and 3, subsection 58GA(3) and 136(1) of the FBTAA 3.43
Item 2, paragraph 58X(4)(b) of the FBTAA 1986 3.29, 3.39
Item 4 3.44


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