Footnotes

Footnotes

Chapter 2 - Fringe benefits

[1]        Mr Tony Coles, Treasury, Proof Committee Hansard, 20 June 2008, pp 2–3 and Explanatory Memorandum, p. 8.

[2]        Explanatory Memorandum, p. 8.

[3]        Mr Mark O'Connor, Treasury, Proof Committee Hansard, 20 June 2008, p.9.

[4]        Remunerator, Submission 3, p. 1.

[5]        EzyBite, Submission 2, pp 4–5.

[6]        Helen, an EzyBite customer, cited in Submission 2, p. 22.

[7]        Fleximeals, Submission 4, p. 1.

[8]        Mr Tony Coles, Treasury, Proof Committee Hansard, 20 June 2008, p. 3.

[9]        Business columnist, Jacob Saulwick, Sydney Morning Herald, 14 May 2008, p. 2.

[10]      Mr David Bradbury MP, Proof House of Representatives Hansard, 28 May 2008, p. 82.

[11]      Remunerator, Submission 3, p. 2.

[12]      Mr Michael Keenan MP, Proof House of Representatives Hansard, 28 May 2008, p. 75.

[13]      Fleximeals, Submission 4, p. 1.

[14]      Anna, an EzyBite customer, cited in Submission 2, p. 19.

[15]      EzyBite, Submission 2, p. 5.

[16]      James, an EzyBite customer, cited in Submission 2, p. 19.

[17]      David, an EzyBite customer, cited in Submission 2, p. 20.

[18]      The Hon Wayne Swan MP, Treasurer, Proof House of Representatives Hansard, 27 May 2008, p. 45.

[19]      EzyBite, Submission 2, p. 5.

[20]      Australian Council of Social Service, Submission 1, p. 1.

[21]      EzyBite, Submission 2, p. 18.

[22]      2008–09 Budget Paper no. 2, p. 24.

[23]      EzyBite, Submission 2, p. 17.

[24]      Fleximeals, Submission 4, p.1.

[25]      Mr Colin Brown, Treasury, Proof Committee Hansard, 20 June 2008, pp 3, 5 and 9.

[26]      'The evidence in respect of meal cards is that these things have been very heavily promoted and that they have been growing very rapidly'; Mr Colin Brown, Treasury, Proof Committee Hansard, 20 June 2008, p. 3.

[27]      2008–09 Budget Paper no. 2, p. 22.

[28]      KPMG partner Andy Hutt, cited in Australian Financial Review, 15 May 2008, p. 14.

[29]      Mark Whittard, General Manager of Toshiba Australia, cited in Australian Financial Review, 15 May 2008, p. 14.

[30]      Australian Council of Social Service, Submission 1, p. 1.

Chapter 3 - Employee share schemes

[1]        It is even more doubtful when the employee receives options rather than shares as options increase in value as the firm's revenue becomes more volatile.

[2]        House of Representatives Standing Committee on Employment, Education and Workplace Relations, Shared Endeavours – Inquiry into Employee Share Ownership in Australian Enterprises, September 2000, pp 41–2.

[3]        Shared Endeavours, p. 43.

[4]        Shared Endeavours, Chapter 2.

[5]        The Explanatory Memorandum (p. 18) explains that 'cessation time' occurs at the earliest of:

  • when restrictions on sale are lifted;
  • an employee sells the shares;
  • employment ceases; or
  • ten years after the shares were acquired.

[6]        Mr Martin Morrow, KPMG, quoted in Australian Financial Review, 15 May 2008, p. 12.

[7]        Mr Tony Coles, Treasury, Proof Committee Hansard, 20 June 2008, p. 8.

[8]        The Explanatory Memorandum, p. 4, estimates the revenue impact as $77 million over four years.

[9]        Corporate Tax Association, Submission 5.

Chapter 4 - Depreciation of computer software

[1]        Explanatory Memorandum, p. 5 and Proof Estimates Hansard – Economics, 3 June 2008, p. 98.

[2]        Proof Estimates Hansard – Economics, 3 June 2008, p. 99.

[3]        Mr Mark Whittard, General Manager, Toshiba Australia, cited in Australian Financial Review, 15 May 2008, p. 14.

[4]        John Baldwin et al, 'Estimating depreciation rates for the productivity accounts', Statistics Canada, September 2005, p. 77.

[5]        Brent Mast, Congressional Research Service, 'Selected international depreciation rates by asset and country', January 2007.

[6]        Mr Matthew Flavel, Proof Committee Hansard, 20 June 2008, p. 6.