Footnotes

Chapter 1 - Introduction

[1]        The Selection of Bills Committee (in Report No. 16 of 2009) simultaneously recommended referring the Income Tax (TFN Withholding Tax (ESS)) Bill 2009, which is related to Schedule 1 of this bill. However, as the referral of this bill asked that the Economics Legislation Committee only consider Schedule 2, it has not been considered here. The Economics Legislation Committee tabled a report on Employee Share Schemes on 17 August 2009.

[2]        The Hon. Wayne Swan MP, Treasurer of the Commonwealth of Australia, the Hon. Chris Bowen MP, Assistant Treasurer and Minister for Competition Policy and Corporate Law of the Commonwealth of Australia, 'Improving fairness and integrity in the tax system' Media Release 067, 12 May 2009.

[3]        The Treasury, Budget 2009-10: Budget Paper No. 2 – Budget measures 2009-10. Part 1: Revenue Measures, May 2009, p 20.

Chapter 2 - Objects of the bill

[1]        The Hon. Peter Costello, Treasurer of the Commonwealth of Australia, Second Reading Speech, House of Representatives, New Business Tax System (Integrity Measures) Act 2000, 2000, p 1.

[2]        Second Reading Speech, House of Representatives, New Business Tax System (Integrity Measures) Act 2000, 2000, p 1.

[3]        Explanatory Memorandum, p 107.

[4]        Explanatory Memorandum, p 108.

[5]        Department of the Treasury, answer to question on notice, 9 November 2009 (received 13 November 2009).

[6]        Department of the Treasury, answer to question on notice, 9 November 2009 (received 13 November 2009).

[7]        Explanatory Memorandum, p 111.

Chapter 3 - Views on the bill

[1]        Mr Christopher Leggett, Senior Adviser, Personal and Retirement Income Division, Department of the Treasury, Proof Committee Hansard, 9 November 2009, p. 38.

[2]        Ms Joan Roberts, President, Taxation Institute of Australia, Proof Committee Hansard, 9 November 2009, p. 10.

[3]        Mr Charles McElhone, Manager, Economics and Trade, National Farmers' Federation, Proof Committee Hansard, 9 November 2009, pp 15 and 17.

[4]        The Department of the Treasury, answer to question on notice, 9 November 2009 (received 13 November 2009).

[5]        Mr Michael Willcock, General Manager, Personal and Retirement Income Division, Department of the Treasury, Proof Committee Hansard, 9 November 2009, p.40.

[6]        Mr Adam Tims, Thoroughbred Breeders Australia, Proof Committee Hansard, 9 November 2009, p. 26.

[7]        Mr Michael Willcock, Department of the Treasury, Proof Committee Hansard, 9 November 2009, p. 37.

[8]        Mr Michael Willcock, Department of the Treasury, Proof Committee Hansard, 9 November 2009, p. 38.

[9]        Mr Charles McElhone, National Farmers' Federation, Proof Committee Hansard, 9 November 2009, p15; Captain Kerry Dwyer (retired), Board Director, Australian Alpaca Association Ltd, Proof Committee Hansard, 9 November 2009, p. 22.

[10]      Mr Yasser El-Ansary, Tax counsel, Institute of Chartered Accountants, Proof Committee Hansard, 9 November 2009, p. 9.

[11]      Mr Peter Murray, National Councillor, Tax Institute of Australia, Proof Committee Hansard, p. 13.

[12]      Mr Charles McElhone, Manager, Economics and Trade, National Farmers' Federation, Proof Committee Hansard, 9 November 2009, p. 17.

[13]      Mr Adam Tims, Thoroughbred Breeders Australia, Proof Committee Hansard, 9 November 2009, p. 34.

[14]      Mr Yasser El-Ansary, Institute of Chartered Accountants, Proof Committee Hansard, 9 November 2009, p. 3; Ms Roberts and Mr Murray, Tax Institute Australia, Proof Committee Hansard, 9 November 2009, p. 12.

[15]      Media release 67, 12 May 2009.

[16]      Mr Yasser El-Ansary, Tax counsel, Institute of Chartered Accountants, Proof Committee Hansard, 9 November 2009, pp 8 – 9.

[17]      Mr Chris Leggett, Department of the Treasury, Proof Committee Hansard, 9 November 2009, p. 38.

[18]      Mr Charles McElhone, National Farmers' Federation, Proof Committee Hansard, 9 November 2009, pp 14-15.

[19]      Ballycastle Pastoral Company, Submission 6, p 3.

[20]      Mr Chris Leggett, Department of the Treasury, Proof Committee Hansard, 9 November 2009, p 41.

[21]      Budget 2009-10, p. 20.

[22]      Mr Leggett, Department of the Treasury, Proof Committee Hansard, 9 November 2009, p 41.

[23]      Proof Committee Hansard, 9 November 2009, p. 45.

[24]      Proof Committee Hansard, 9 November 2009, p. 45.

Additional comments from Coalition senators

[1]        National Farmers' Federation, Submission 2, p.7.

[2]        Mr Adam Tims, Thoroughbred Breeders Australia, Proof Committee Hansard, 9 November 2009, p. 33.

[3]        Mr Charles McElhone, Manager, Economics and Trade, National Farmers Federation, Proof Committee Hansard, 9 November 2009, p. 15.

[4]        Captain Kerry Dwyer, PSM (Retired), Board Director, Australian Alpaca Association Ltd, Proof Committee Hansard, 9 November 2009, p. 26.

[5]        Mr Chris Leggett, Senior Adviser, Personal and Retirement Income Division, Department of the Treasury, Proof Committee Hansard, 9 November 2009, p. 38.

[6]        Mr Charles McElhone, National Farmers' Federation, Proof Committee Hansard, 9 November 2009, p. 19.

[7]        Captain Kerry Dwyer, PSM (Retired), Proof Committee Hansard, 9 November 2009, p. 22.

[8]        Proof Committee Hansard, 9 November 2009, p. 22.

[9]        Mr Yasser El-Ansary, Tax Counsel, Institute of Chartered Accountants in Australia, Proof Committee Hansard, 9 November 2009, p. 8.

[10]      Ms Joan Roberts, President, Taxation Institute of Australia, Proof Committee Hansard, 9 November 2009, p. 11.

[11]      Mr Michael Willcock, General Manager, Personal and Retirement Income Division, Department of the Treasury, Proof Committee Hansard, 9 November 2009, p. 45.

[12]      Mr Yasser El-Ansary, Institute of Chartered Accountants in Australia, Proof Committee Hansard, 9 November 2009, Proof Committee Hansard, 9 November 2009, p. 7.

[13]      Mr Charles McElhone, National Farmers' Federation, Proof Committee Hansard, 9 November 2009, p. 16.

[14]      Department of the Treasury, responses to questions on notice - question 3, 9 November 2009 (received 13 November 2009).