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Taxation Laws Amendment Bill (No. 3) 1995

Taxation Laws Amendment Act (No. 3) 1995

Explanatory Memorandum

THIS MEMORANDUM TAKES ACCOUNT OF AMENDMENTS MADE BY THE House of Representatives

TO THE BILL AS INTRODUCED (Circulated by authority of the Treasurer,the Hon Ralph Willis, MP)

Index Table

Schedule 1 - Amendments of the Income Assessment Act 1936
NEW SECTION
46G Rebate not allowable for dividends debited against certain accounts 2.7, 2.25, 2.25, 2.46-7
46H Meaning of disqualifying account and non-disqualifying account 2.8-9, 2.13-15, 2.41, 2.45
46I Meaning of notional disqualifying account 2.16-17, 2.31, 2.45
46J Excluded Transfers 2.32-36, 2.43
46K Debit for deemed dividends 2.21
46L Apportionment of debits for dividends paid on the same day 2.19
46M Splitting of frankable dividends 2.25, 2.48-50
Schedule 2 - Amendments relating to group certificates and other PAYE provisions
221EDA Becoming a small remitter 6.4, 6.35
221EDB Ceasing to be a small remitter 6.4, 6.35
221EDC Review of decisions under sections 221EDA and 221EDB 6.4, 6.35

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