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

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)