House of Representatives Committees

| House of Representatives Standing Committee on Economics

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Advisory Report on the Tax Laws Amendment (2012 Measures No. 6) Bill 2012

February 2013

© Commonwealth of Australia 2013

ISBN 978-0-642-79846-6 (printed version)
ISBN 978-0-642-79847-3 (HTML version)

View the report as a single document - (PDF 543KB)


View the report as separate downloadable parts:

Preliminary pages (PDF 118KB)
 
Chapter 1 Introduction (PDF 198KB)

Referral of the Bill
Schedule 1 – Native title benefits
Policy development and consultations
Proposals in the Bill
Schedule 2 – Deductible gift recipients
Schedule 3 – Geothermal energy explorers
Schedule 4 – Managed investment trusts
Schedule 5 – Rebate for medical expenses
Schedule 6 – Limited recourse debt
Current definition of a limited recourse loan
The BHP Billiton case
Developing the new provisions
Schedule 7 – In-house fringe benefits
Incidence of salary sacrificing
The proposal in the Bill
Objectives and scope of the inquiry
Conduct of the inquiry

 
Chapter 2 Issues in the Bill (PDF 267KB)

Schedule 1 – Native title benefits
Should the Schedule proceed?
Definition of native title benefits
Definition of an Indigenous holding entity
Retrospectivity
Schedule 5 – Rebate for medical expenses
Schedule 6 – Limited recourse debt
Breadth of the provisions
The meaning of ‘predominantly’
Safe harbour
Retrospectivity
Schedule 7 – In-house fringe benefits
Transitional rules
Effect on independent schools
Overall conclusion

 
Coalition Members’ Dissenting Report (PDF 75KB)

Issues in the Bill
Schedule 3 – Geothermal energy explorers

 
Appendix A –Submissions and exhibits (PDF 49KB)
 
Appendix B – Hearing and witnesses (PDF 40KB)
 
Appendix C – List of reports (PDF 37KB)

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