Footnotes
[1] Selection of Bills Committee, Report No. 4 of 2005, 11 May 2005, p. 1.
[2] Media release, at
http://www.treasurer.gov.au/tsr/content/pressreleases/2003/098.asp
[3] http://www.treasurer.gov.au/tsr/content/pressreleases/2004/106.asp
[4] The Treasurer's media release No. 106, 16 December
2004 is at http://www.treasurer.gove.au/tsr/content/pressreleases/2004/106.asp?pf=1.
Attachment A of the release lists Treasury's recommendations and Government
action proposed in relation to the recommendations.
[5] This section is taken from the review: The
Treasury, Report on Aspects of Income Tax
Self Assessment, August 2004, pp. 2-3.
[6] From ATO website at: http://www.ato.gov.au/businesses/content.asp?doc=/content/19395.htm&page=2&H2
[7] Parliamentary Library, Bills Digest, Tax Laws
Amendment (Improvements to Self Assessment) Bill (No. 1) 2005, p. 2.
[8] The Treasury, Report
on Aspects of Income Tax Self Assessment, August 2004, pp 54 and 57.
[9] Explanatory Memorandum, p. 20.
[10] Bill, Schedule 1, item 7, Subsection 204(3).
[11] The Treasury, Report
on Aspects of Income Tax Self Assessment, August 2004, recommendation 5.3,
Chapter 5, p. 56.
[12] Explanatory Memorandum, p. 26; Tax Laws Amendment
(Improvements to Self Assessment) Bill (No. 1) 2005, Schedule 1, item 1,
section 280-160.
[13] Explanatory Memorandum, p. 25.
[14] Treasurer's media release no. 106, 16 December
2004 at: http://www.treasurer.gov.au/tsr/content/pressreleases/2004/106.asp?pf=1;
p. 1, and see item 46, Attachment A
of the release.
[15] These objection, review and appeal rights will
not be available to taxpayers where the unremitted shortfall interest charge is
below the 20 per cent threshold. (Explanatory Memorandum, pp 27-28.)
[16] The Treasury, Report
on Aspects of Income Tax Self Assessment, August 2004, pp 43 and 44.
[17] The Treasury, Report
on Aspects of Income Tax Self Assessment, August 2004, p. 43.
[18] Explanatory Memorandum, p. 33.
[19] Explanatory Memorandum, p. 12.
[20] The Treasury, Report on Aspects of Income Tax
Self Assessment, p. 49.
[21] Submission 129, National Tax and Accountants’
Association.
[22] Submission 119, Corporate Tax Association.
[23] Submission 118, Resolution Group Australia, p. 2.
[24] Proof
Committee Hansard, 14 June 2005, p. E23.
[25] Proof
Committee Hansard, 14 June 2005, p. E2.
[26] Proof
Committee Hansard, 14 June 2005, p. E2.
[27] Proof
Committee Hansard, 14 June 2005, p. E8.
[28] Proof
Committee Hansard, 14 June 2005, p. E12.
[29] Proof
Committee Hansard, 14 June 2005, p. E18.
[30] Proof
Committee Hansard, 14 June 2005, p. E23.
[31] Proof
Committee Hansard, 14 June 2005, p. E23.
[32] Proof
Committee Hansard, 14 June 2005, p. E20.
[33] Submission 72, Taxpayers Australia Inc, p. 2.
[34] Submission 118, Resolution Group Australia, p. 6.
[35] Proof
Committee Hansard, 14 June 2005, p. E6.
[36] Submission 74, Taxation Institute of Australia,
p. 2.
[37] Submission 119, Corporate Tax Association, p. 2.
[38] Proof
Committee Hansard, 14 June 2005, p. E15.
[39] Proof
Committee Hansard, 14 June 2005, p. E15.
[40] Submission 72, Taxpayers Australia, Inc, p. 2.
[41] Proof
Committee Hansard, 14 June 2005, p. E19.
[42] Submission 74, Taxation Institute of Australia, p. 2.
[43] Proof
Committee Hansard, 14 June 2005, p. E13.
[44] Proof
Committee Hansard, 14 June 2005, p. E7.
[45] Proof
Committee Hansard, 14 June 2005, p. E19.
[46] Submission 74, Taxation Institute of Australia, p.
2.
[47] Submission 6, Australians for Tax Justice,
supplementary no. 3.
[48] Explanatory Memorandum, p. 26.
[49] See Ms
Martin, Proof Committee Hansard, 14
June 2005, p. E23; see also Mr
McCullough, Proof Committee Hansard,
14 June 2005, pp E20 and E22.
[50] Large items are tax shortfalls exceeding the
greater of $10,000 or 1% of the income tax payable.
[51] The Treasury, Report
on Aspects of Income Tax Self Assessment, August 2004, p. 42.
[52] Submission 119, Corporate Tax Association.
[53] Proof
Committee Hansard, 14 June 2005, p. E21.
[54] Submission 74, Taxation Institute of Australia.
[55] The Treasury, Report on Aspects of Income Tax
Self Assessment, p. 41.
[56] Proof
Committee Hansard, 14 June 2005, p. E 20.
[57] The Treasury, Report on Aspects of Income Tax
Self Assessment, p. 50.
[58] Report, P52.