Senate

Taxation Laws Amendment Bill (No. 4) 1995

Taxation Laws Amendment Act (No. 4) 1995

Income Tax (Franking Deficit) Amendment Bill 1995

Income Tax (Franking Deficit) Amendment Act 1995

Income Tax (Deficit Deferral) Amendment Bill 1995

Income Tax (Deficit Deferral) Amendment Act 1995

Explanatory Memorandum

(Circulated by authority of the Treasurer, the Hon Ralph Willis, MP)
This Memorandum Takes Account of Amendments Made by the House of Representatives to the Bill as Introduced

Finding table portions of Index

* No specific reference to clause or' in the Explanatory Memorandum because of their minor nature.

Schedule 3 - Amendments of the Income Tax Assessment Act 1936 relating to demutualisation of insurance companies and affiliates
New Division - Division 9AA - Demutualisation of insurance companies and affiliates
Section  
121AA 5.4
121AB 5.9
121AC 5.9, 5.27
121AD 5.4, 5.8, 5.10, 5.14
121AE 5.11, 5.12, 5.14, 5.15, 5.49
121AF 5.5, 5.11, 5.18-20, 5.30
121AG 5.5, 5.11, 5.18, 5.20, 5.21, 5.30
121AH 5.5, 5.11, 5.18, 5.22, 5.30
121AI 5.5, 5.11, 5.18, 5.23, 5.30
121AJ 5.5, 5.11, 5.18, 5.24, 5.30
121AK 5.5, 5.11, 5.18, 5.25, 5.26, 5.30
121AL 5.5, 5.11, 5.18, 5.27-28, 5.30
121AM 5.78-89, 5.92-102
121AN 5.104-107
121AO 5.90-91, 5.103
121AP 5.22, 5.78-80
121AQ 5.10, 5.25
121AR *
121AS 5.6, 5.10, 5.12-13, 5.30-31, 5.33-45, 5.49-52, 5.54, 5.56-62, 5.64, 5.68-72, 5.76
121AT 5.6, 5.12-13, 5.30, 5.32, 5.46-48, 5.53, 5.55, 5.63, 5.66-67, 5.73-77

New Division - Division 10F - Deduction for capital expenditure incurred in establishing horticultural plants
Section  
124ZZE 6.12-19
124ZZF 6.30, 6.48, 6.55
124ZZG 6.48
124ZZH 6.58
124ZZI 6.60
124ZZJ 6.31, 6.41-43
124ZZK 6.49-51
124ZZL 6.52-54
124ZZM 6.63-64
124ZZN 6.65-66
124ZZO 6.67-72, 6.74
124ZZP 6.74-75
124ZZQ 6.32
124ZZR 6.26, 6.76

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