House of Representatives Committees

| House of Representatives Standing Committee on Economics

Footnotes

Chapter 1 Introduction

[1]       Australia’s Future Tax System Review, Final Report, Part 1 Overview, May 2010, Recommendation 9C, p. 82.

[2]       Explanatory Memorandum, Tax Laws Amendment (2012 Measures No. 4) Bill 2012, p. 8.

[3]       Explanatory Memorandum, Tax Laws Amendment (2012 Measures No. 4) Bill 2012, p. 8.

[4]       Explanatory Memorandum, Tax Laws Amendment (2012 Measures No. 4) Bill 2012, p. 8.

[5]       The Hon Wayne Swan MP, Treasurer, Media Release, Tax Measures in Mid-Year Economic and Fiscal Outlook, 29 November 2011.

[6]       The Hon Wayne Swan MP, Treasurer, Media Release, Tax Measures in Mid-Year Economic and Fiscal Outlook, 29 November 2011.

[7]       The Hon David Bradbury MP, Assistant Treasurer, House of Representatives Hansard, 28 June 2012, p. 30.

[8]       The Hon David Bradbury MP, Assistant Treasurer, House of Representatives Hansard, 28 June 2012, p. 30.

[9]       The Hon David Bradbury MP, Assistant Treasurer, House of Representatives Hansard, 28 June 2012, p. 30.

[10]     The Hon David Bradbury MP, Assistant Treasurer, House of Representatives Hansard, 28 June 2012, p. 30.

Chapter 2 Analysis of the Bill

[1]       Explanatory Memorandum, Tax Laws Amendment (2012 Measures No. 4) Bill 2012, p. 9.

[2]       Explanatory Memorandum, Tax Laws Amendment (2012 Measures No. 4) Bill 2012, p. 11.

[3]       Explanatory Memorandum, Tax Laws Amendment (2012 Measures No. 4) Bill 2012, p. 9.

[4]       Explanatory Memorandum, Tax Laws Amendment (2012 Measures No. 4) Bill 2012, p. 8.

[5]       The Australian Taxation Office, Fringe benefits tax – a guide for employers, <http://www.ato.gov.au/businesses/content.aspx?doc=/content/52023.htm>, viewed 6 August 2012.

[6]       Explanatory Memorandum, Tax Laws Amendment (2012 Measures No. 4) Bill 2012, p. 9.

[7]       Explanatory Memorandum, Tax Laws Amendment (2012 Measures No. 4) Bill 2012, p. 15.

[8]       Explanatory Memorandum, Tax Laws Amendment (2012 Measures No. 4) Bill 2012, p. 13.

[9]       Explanatory Memorandum, Tax Laws Amendment (2012 Measures No. 4) Bill 2012, p. 17.

[10]     Explanatory Memorandum, Tax Laws Amendment (2012 Measures No. 4) Bill 2012, p. 18.

[11]     Ms Norah Seddon, PricewaterhouseCoopers, Committee Hansard, 26 July 2012, p. 20.

[12]     Mr Paul Ellis, Institute of Chartered Accountants, Committee Hansard, 26 July 2012, p. 16.

[13]     Explanatory Memorandum, Tax Laws Amendment (2012 Measures No. 4) Bill 2012, p. 15.

[14]     Explanatory Memorandum, Tax Laws Amendment (2012 Measures No. 4) Bill 2012, p. 9.

[15]     Explanatory Memorandum, Tax Laws Amendment (2012 Measures No. 4) Bill 2012, p. 15.

[16]     Explanatory Memorandum, Tax Laws Amendment (2012 Measures No. 4) Bill 2012, p. 17.

[17]     Explanatory Memorandum, Tax Laws Amendment (2012 Measures No. 4) Bill 2012, p. 18.

[18]     Nassim Khadem, ‘Tax change makes Australia less attractive to top talent’, BRW, 12 July 2012, available at <http://www.brw.com.au/p/sections/professions/

tax_change_makes_australia_less_LOFJs3lKsXxagj3tlug02M>

[19]     The committee received over twenty submissions from employees who believed they would be negatively affected by the proposed changes to the tax concession for LAFH allowances and benefits.

[20]     Australian Constructors Association, Submission 31, p. 3.

[21]     Mr Daniel Wallace, Australian Manufacturing Workers’ Union, Committee Hansard, 26 July 2012, p. 14.

[22]     Mr Piyush Bhatt, University of Sydney, Committee Hansard, 26 July 2012, p. 22; Ms Norah Seddon, PricewaterhouseCoopers, Committee Hansard, 26 July 2012, pp. 7, 22; Mr Adam James, Australian Constructors Association, Committee Hansard, 26 July 2012, p. 23.

[23]     Institute of Chartered Accountants, Submission 29, p. [5].

[24]     Mr Daniel Wallace, Australian Manufacturing Workers’ Union, Committee Hansard, 26 July 2012, p. 14.

[25]     Institute of Chartered Accountants, Submission 29, p. 2; PricewaterhouseCoopers, Submission 36, p.7.

[26]     Mr Daniel Wallace, Australian Manufacturing Workers’ Union, Committee Hansard, 26 July 2012, p. 13; Mr Timothy Payne, University of Sydney, Committee Hansard, 26 July 2012, p. 13.

[27]     Ernst & Young, Submission 30, p. 17.

[28]     Minerals Council of Australia, Submission 21, pp. 1-2.

[29]     Ms Raylee O’Neill, Department of the Treasury, Committee Hansard, 26 July 2012, p. 12.

[30]     Mr Daniel Wallace, Australian Manufacturing Workers’ Union, Committee Hansard, 26 July 2012, p. 12.

[31]     Ernst & Young, Submission 30, p. 13.

[32]     The Tax Institute, Submission 28, p. 9.

[33]     Ernst & Young, Submission 30, p. 13.

[34]     Explanatory Memorandum, Tax Laws Amendment (2012 Measures No. 4) Bill 2012, p. 21.

[35]     Explanatory Memorandum, Tax Laws Amendment (2012 Measures No. 4) Bill 2012, pp. 19‑20, 22.

[36]     Police Federation of Australia, Submission 23, p. 3.

[37]     Mr Daniel Wallace, Australian Manufacturing Workers’ Union, Committee Hansard, 26 July 2012, p. 10.

[38]     The Institute of Chartered Accountants, Submission 29, p. [6].

[39]    Explanatory Memorandum, Tax Laws Amendment (2012 Measures No. 4) Bill 2012, p. 11.

[40]     Explanatory Memorandum, Tax Laws Amendment (2012 Measures No. 4) Bill 2012, p. 25.

[41]     Explanatory Memorandum, Tax Laws Amendment (2012 Measures No. 4) Bill 2012, p. 22.

[42]     Explanatory Memorandum, Tax Laws Amendment (2012 Measures No. 4) Bill 2012, pp. 11-12.

[43]     Explanatory Memorandum, Tax Laws Amendment (2012 Measures No. 4) Bill 2012, p. 25.

[44]     Minerals Council of Australia, Submission 21, p. 2; Tax Institute, Submission 28, p. 4; Ms Norah Seddon, PricewaterhouseCoopers, Committee Hansard, 26 July 2012, p. 6.

[45]     Australian Industry Group, Submission 33, p. 1.

[46]     Mr Marty Robinson, Department of the Treasury, Committee Hansard, 26 July 2012, p. 25

[47]     Mr Chris Leggett, Department of the Treasury, Committee Hansard, 26 July 2012, p. 28.

[48]     Ms Carolyn Cleaver, Australian Constructors Association, Committee Hansard, 26 July 2012, p. 30.

[49]     Mr Chris Leggett, Department of the Treasury, Committee Hansard, 26 July 2012, p. 31.

[50]     Ms Carolyn Cleaver, Australian Constructors Association, Committee Hansard, 26 July 2012, p. 31.

[51]     Mr Christopher Bailey, Australian Taxation Office, Committee Hansard, 26 July 2012, pp. 31-32; Mr Martin Jacobs, Department of the Treasury, Committee Hansard, 26 July 2012, p. 32.

[52]     Mrs Teresa Dyson, Ashurst, Committee Hansard, 26 July 2012, p. 3; Mr Paul Stacey, Institute of Chartered Accountants, Committee Hansard, 26 July 2012, p. 6; Mr Robert Jeremenko, Committee Hansard, 26 July 2012, p. 6.

[53]     Ashurst, Submission 27, p. 1.

[54]     Mr Robert Jeremenko, Committee Hansard, 26 July 2012, p. 6; Ashurst, Submission 27, p. 4.

[55]     Mrs Teresa Dyson, Ashurst, Committee Hansard, 26 July 2012, p. 8.

[56]     Mr Martin Jacobs, Department of the Treasury, Committee Hansard, 26 July 2012, p. 8.

[57]     Mr Paul Stacey, Institute of Chartered Accountants, Committee Hansard, 26 July 2012, p. 9.

[58]     Institute of Chartered Accountants, Submission 29, p. 2.

[59]     PricewaterhouseCoopers, Submission 36, p. 7.

[60]     Ms Carolyn Cleaver, Australian Constructors Association, Committee Hansard, 26 July 2012, p. 10.

[61]     Mr Paul Stacey, Institute of Chartered Accountants, Committee Hansard, 26 July 2012, p. 6.

[62]     Ernst & Young, Submission 30, pp. 2-3.

[63]     PricewaterhouseCoopers, Submission

[64]     The Tax Institute, Submission 28, p. 3.

[65]     Ms Carolyn Cleaver, Australian Constructors Association, Committee Hansard, 26 July 2012, p. 29.

[66]     Institute of Chartered Accountants, Submission 29, p. 6.

[67]     Australian Mines & Metals Association, Submission 26, p. 6.

[68]     Mr Paul Stacey, Institute of Chartered Accountants, Committee Hansard, 26 July 2012, p. 9.

[69]     The Tax Institute, Submission 28, p. 5.

[70]     Explanatory Memorandum, Tax Laws Amendment (2012 Measures No. 4) Bill 2012, p. 25

[71]     Explanatory Memorandum, Tax Laws Amendment (2012 Measures No. 4) Bill 2012, p. 26.

[72]     Explanatory Memorandum, Tax Laws Amendment (2012 Measures No. 4) Bill 2012, pp. 25-26.

[73]     Australian Industry Group, Submission 33, p. 5.

[74]     See the Explanatory Memorandum, Tax Laws Amendment (2012 Measures No. 4) Bill 2012, p. 27, section 1.81.

[75]     PricewaterhouseCoopers, Submission 36, p. 5.

[76]     PricewaterhouseCoopers, Submission 36, p. 4.

[77]     Mr Paul Ellis, Institute of Chartered Accountants, Committee Hansard, 26 July 2012, p. 6.

[78]     Mr Paul Ellis, Institute of Chartered Accountants, Committee Hansard, 26 July 2012, p. 28.

[79]     Mr Martin Jacobs, Department of the Treasury, Committee Hansard, 26 July 2012, p. 29.

[80]     Department of Immigration and Citizenship, Responses to ‘Questions on Notice’, provided 3 August 2012.

[81]     See for example: Mr Jason Ross, Submission 8, p. 1.

[82]     Consult Australia, Submission 6, p. 2.

[83]     Dr Marcus Hennig et al., Submission 20, p. 2.

[84]     Ms Norah Seddon, PricewaterhouseCoopers, Committee Hansard, 26 July 2012, p. 28; Mr Adrian Tillin, Submission 7, p. 1; Mr Tim Harrisson, Submission 18, p. 1.

[85]     Explanatory Memorandum, Tax Laws Amendment (2012 Measures No. 4) Bill 2012, pp. 29-30.

[86]     Mr Martin Jacobs and Mr Chris Leggett, Department of the Treasury, Committee Hansard, 26 July 2012, p. 28.

[87]     Mr Martin Jacobs and Mr Chris Leggett, Department of the Treasury, Committee Hansard, 26 July 2012, p. 28.

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