House of Representatives

Tax and Superannuation Laws Amendment (2015 Measures No. 6) Bill 2015

Tax and Superannuation Laws Amendment (2015 Measures No. 6) Act 2016

Explanatory Memorandum

(Circulated by authority of the Treasurer, the Hon Scott Morrison MP)

Index

Schedule 1: Capital gains tax treatment of earnout rights

Bill reference Paragraph number
Items 1 and 3, paragraphs 112-36(1)(a) and 116-120(1)(a) of the ITAA 1997 1.82
Items 1 and 3, paragraphs 112-36(1)(b) and (c) and 116-120(1)(b) and (c) of the ITAA 1997 1.83
Items 1 and 3, subsections 112-36(2) and 116-120(2) of the ITAA 1997 1.96
Items 1 and 3, subsections 112-36(3) and 116-120(3) of the ITAA 1997 1.89
Items 1, 3 and 33, subsections 112-36(5) and 116-120(5) of the ITAA 1997 and paragraph 14ZW(1)(aaaa) of the Taxation Administration Act 1953 1.93
Items 2, 5, 7 and 42, item A1 in the table in section 116-25, the heading to section 104-190, the definition of look-through earnout right in subsection 995-1(1) of the ITAA 1997 and item 101 of the table in subsection 250-10(2) in Schedule 1 to the TAA 1953 1.145
Item 4, sections 118-560 and 118-565 of the ITAA 1997 1.25
Item 4, paragraph 118-565(1)(a) of the ITAA 1997 1.62
Item 4, paragraphs 118-565(1)(a), (f) and (g) of the ITAA 1997 1.47
Item 4, paragraphs 118-565(1)(b) and (c) of the ITAA 1997 1.29
Item 4, paragraph 118-565(1)(d) of the ITAA 1997 1.33
Item 4, paragraph 118-565(1)(e) of the ITAA 1997 1.64
Item 4, paragraph 118-565(1)(g) of the ITAA 1997 1.58
Item 4, paragraph 118-565(1)(h) of the ITAA 1997 1.73
Item 4, section 118-565(2) of the ITAA 1997 1.72
Item 4, subsection 118-565(3) of the ITAA 1997 1.70
Item 4, subsection 118-565(4) of the ITAA 1997 1.75
Item 4, section 118-570 of the ITAA 1997 1.42
Item 4, subsection 118-570(2) of the ITAA 1997 1.40
Item 4, section 118-575 of the ITAA 1997 1.81
Item 4, section 118-580 of the ITAA 1997 1.104
Items 6, 8 to 12 and 18, paragraph 104-185(1)(a), subsections 104-190(1A) to (3) and (5), paragraph 104-198(1)(a), subsections 104-198(2) and (4) and the definition of replacement asset period in subsection 995-1(1) of the ITAA 1997 1.115
Items 14 and 17, paragraphs 152-125(1)(b) and 292-100(4)(b) of the ITAA 1997 1.112
Items 15 and 16, subsections 152-305(1B) and 152-335(2A) of the ITAA 1997 1.113
Items 18 to 25 and 27 to 31, paragraphs 25-85(2)(a) and 230-15(4)(a), subsection 230-460(13), table items 2 in subsections 820-930(2) and 974-75(1), paragraph 974-80(2)(a), the example in subsection 974-80(2), the heading to subsection 974-85(1), subsection 974-85(2), paragraph 974-85(4)(c), subsection 974-140(1) and the definitions of 'contingent on the economic performance' and 'contingent on aspects of the economic performance' in subsection 995-1(1) of the ITAA 1997 1.144
Item 26, subsection 974-85(1) of the ITAA 1997 1.143
Items 34 to 37, subsections 280-100(5), 280-102A(4) and 280-102B(4) in Schedule 1 to the TAA 1953 and subsection 9(1B) of the Taxation (Interest of Overpayments and Early Payments) Act 1983 1.99
Item 37 1.146
Item 38 1.149
Item 40, subparagraph 14-200(3)(a)(i) in Schedule 1 to the TAA 1953 1.130
Item 41, section 14-205 in Schedule 1 to the TAA 1953 1.131
Item 41, subsection 14-205(4) in Schedule 1 to the TAA 1953 1.132
Item 43 1.147
Item 134, section 152-20 1.119
Item 134, subsection 152-20(5) of the ITAA 1997 1.120

Schedule 2: Foreign resident capital gains withholding payments

Bill reference Paragraph number
Item 1, subsection 14-200(1) in Schedule 1 to the TAA 1953 2.30
Item 1, paragraphs 14-200(1)(b), and subsections 14-210(1) and (3) in Schedule 1 to the TAA 1953 2.58
Item 1, paragraph 14-200(1)(c) in Schedule 1 to the TAA 1953 2.30, 2.31
Item 1, subsection 14-200(2) in Schedule 1 to the TAA 1953 2.107
Item 1, subsection 14-200(3) in Schedule 1 to the TAA 1953 2.93
Item 1, paragraph 14-200(3)(a) in Schedule 1 to the TAA 1953 2.104
Item 1, paragraph 14-210(1)(e) and subsection 14-210(2) in Schedule 1 to the TAA 1953 2.30, 2.57
Item 1, subsections 14-210(1) and 14-210(3) in Schedule 1 to the TAA 1953 2.30
Item 1, paragraph 14-210(1)(a) in Schedule 1 to the TAA 1953 2.75
Item 1, paragraph 14-210(1)(b) in Schedule 1 to the TAA 1953 2.76
Item 1, paragraph 14-215(1)(c) in Schedule 1 to the TAA 1953 2.77
Item 1, paragraph 14-210(1)(d) in Schedule 1 to the TAA 1953 2.79
Item 1, paragraph 14-210(2)(a) in Schedule 1 to the TAA 1953 2.65, 2.75
Item 1, subparagraph 14-210(2)(a)(ii) in Schedule 1 to the TAA 1953 2.67
Item 1, subsection 14-210(3) and subsection 14-225(1) in Schedule 1 to the TAA 1953 2.81
Item 1, subsection 14-210(3) and subsection 14-225(2) in Schedule 1 to the TAA 1953 2.87
Item 1, paragraph 14-210(3)(b) in Schedule 1 to the TAA 1953 2.89
Item 1, paragraph 14-215(1)(a) in Schedule 1 to the TAA 1953 2.38
Item 1, subparagraph 14-215(1)(a)(i) in Schedule 1 to the TAA 1953 2.37
Item 1, subparagraph 14-215(1)(a)(ii) 2.42
Item 1, paragraph 14-215(1)(b) in Schedule 1 to the TAA 1953 2.45
Item 1, paragraph 14-215(1)(c) in Schedule 1 to the TAA 1953 2.48, 2.77
Item 1, paragraph 14-215(1)(d) in Schedule 1 to the TAA 1953 2.50
Item 1, paragraph 14-215(1)(e) in Schedule 1 to the TAA 1953 2.52
Item 1, paragraph 14-215(1)(f) in Schedule 1 to the TAA 1953 2.54
Item 1, paragraph 14-215(1)(g) in Schedule 1 to the TAA 1953 2.55
Item 1, subsection 14-215(2) 2.40
Item 1, subsection 14-220(3) in Schedule 1 to the TAA 1953 2.69
Item 1, subsection 14-220(4) in Schedule 1 to the TAA 1953 2.71
Item 1, subsection 14-225(2) in Schedule 1 to the TAA 1953 2.30, 2.86
Item 1, subsection 14-225(3) in Schedule 1 to the TAA 1953 2.85, 2.90
Item 1, section 14-230 in Schedule 1 to the TAA 1953 2.91
Item 1, section 14-235 in Schedule 1 to the TAA 1953 2.95
Item 1, subsection 14-235(1) in Schedule 1 to the TAA 1953 2.102
Item 1, subsections 14-235(2) and (3) in Schedule 1 to the TAA 1953 2.97
Item 1, subsection 14-235(3) in Schedule 1 to the TAA 1953 2.103
Item 1, subsection 14-235(4) in Schedule 1 to the TAA 1953 2.99
Item 1, subsection 14-235(5) in Schedule 1 to the TAA 1953 2.100
Items 2 and 10 to 12, paragraph 202(s) of the ITAA 1936, and paragraphs 8WA(1AA)(b), 8WB(1A)(a) and 8WB(1A)(b) of the TAA 1953 2.113
Items 3 and 4, notes to section 855-15 of the ITAA 1997 2.137
Items 5 to 9, subsection 995-1(1) of the ITAA 1997 2.119
Items 13, 14 and 28, subsections 10-5(2) and 250-10(2) in Schedule 1 to the TAA 1953 2.135
Item 16, subsection 16-20(2) in Schedule 1, to the TAA 1953 2.116
Item 17, subsection 16-70(3) in Schedule 1 to the TAA 1953 2.109
Item 17 and 18, section 16-80, and subsections 16-70(3) and (4) in Schedule 1 to the TAA 1953 2.126
Items 19, 20, 21 and 24, paragraphs 16-140(1)(b), 16-143(2)(b) and 16-150(b), and subparagraph 18-70(1)(a)(ii) in Schedule 1 to the TAA 1953 2.136
Items 22 and 23, subparagraph 18-65(1)(a)(ii) and paragraph 18-65(6)(c) in Schedule 1 to the TAA 1953 2.123
Item 27, section 20-80 in Schedule 1 to the TAA 1953 2.70, 2.98
Item 30 2.138

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