Tax Laws Amendment (2007 Measures No. 5) Bill 2007 [Provisions]

Tax Laws Amendment (2007 Measures No. 5) Bill 2007 [Provisions]

6 September 2007

© Commonwealth of Australia 2007
ISBN 978-0-642-71871-6

View the report as a single document - (PDF 785KB)

View the report as separate downloadable parts:

Membership of the Committee (PDF 176KB)
 
Chapter 1 - Introduction (PDF 141KB)

Background
Conduct of the inquiry
 
Chapter 2 - Schedule 1-Tax preferred entities (Asset financing) (PDF 220KB)

Background and existing arrangements
Evidence received by the committee
 
Chapter 3 - Schedule 2-Thin capitalisation-Excluded equity interests (PDF 172KB)
 
Chapter 4 - Schedule 3-Thin capitalisation-Application to certain groups (PDF 143KB)

Background
 
Chapter 5 - Schedule 4 - Capital gains tax marriage breakdown roll-over for small superannuation funds (PDF 151KB)
 
Chapter 6 - Schedule 5-Prime Minister’s Prizes (PDF 147KB)

Overview
Background and summary
Intended benefits of changes
 
Chapter 7 - Schedule 6-Removal of the same business test cap (PDF 186KB)

Overview
Background and summary
 
Chapter 8 - Schedule 7 - Partial capital gains tax roll-over for statutory licences (PDF 194KB)

Overview
Background and summary
 
Chapter 9 - Schedule 8 - Australian property trusts and stapled entities (PDF 182KB)

Provisions of the bill
Background
Recommendation 1
 
Chapter 10 - Schedule 9-Deductible gift recipients (PDF 193KB)

Overview
Background and summary
Intended benefits of changes
 
Chapter 11 - Schedule 10 - Film production offsets (PDF 304KB)

Overview
Background and summary
Intended benefits of changes
Issues with the bill
Effect on the independent production sector
Short animation series
Depreciation of capital assets
Production expenditure thresholds
Appropriate arrangements for transition
Committee view
  Recommendation 2
  Recommendation 3
  Recommendation 4
  Recommendation 5
 
Chapter 12 - Schedule 11-Research and development tax concession (PDF 203KB)

Background
Evidence on the Schedule
Committee view
 
Chapter 13 - Schedule 12-Innovation Australia (PDF 150KB)

Recommendation 6
 
Appendix 1 - Submissions Received (PDF 148KB)
 
Appendix 2 - Public Hearing and Witnesses (PDF 140KB)
 
Appendix 3 - Response to Question on Notice taken by Treasury (PDF 136KB)

For further information, contact:

Committee Secretary
Senate Standing Committees on Economics
PO Box 6100
Parliament House
Canberra ACT 2600
Australia

Phone: +61 2 6277 3540
Fax: +61 2 6277 5719
Email: economics.sen@aph.gov.au