Footnotes

Chapter 1 - Schedule 5 of Tax Laws Amendment (2011 Measures No. 5) Bill 2011

[1]        Journals of the Senate No. 32, 15 June 2011, p. 957.

[2]        Tax Laws Amendment (2011 Measures No. 5) Bill 2011, Explanatory Memorandum, p. 123.

[3]        Department of the Treasury, Australia's Future Tax System – Report to the Treasurer, Part One Overview, December 2009, p. 10.

[4]        Australia's Future Tax System – Report to the Treasurer, Part One Overview, December 2009, p. 10.

[5]        Australia's Future Tax System – Report to the Treasurer, Part One Overview, December 2009, p. 82.

[6]        Department of the Treasury, Budget, Budget Measures, Budget Paper No. 2, 2011-12, 10 May 2011, p. 23.

[7]        Explanatory Memorandum, p. 5.

[8]        The Hon Wayne Swan MP, Treasurer, and the Hon Bill Shorten MP, Assistant Treasurer, Joint Media Release, Reforms to car fringe benefits rules, No. 50, 10 May 2011, http://www.treasurer.gov.au/DisplayDocs.aspx?doc=pressreleases/2011/050.htm&pageID=003&min=wms&Year=&DocType=0 (accessed 19 June 2011).

[9]        The Hon Wayne Swan MP, Treasurer, and the Hon Bill Shorten MP, Assistant Treasurer, Joint Media Release, Reforms to car fringe benefits rules, No. 50, 10 May 2011, http://www.treasurer.gov.au/DisplayDocs.aspx?doc=pressreleases/2011/050.htm&pageID=003&min=wms&Year=&DocType=0 (accessed 19 June 2011).

[10]      Department of the Treasury, Budget, Budget Measures, Budget Paper No. 2, 2011–12, 10 May 2011, p. 23.

[11]      Scrutiny of Bills Committee, Alert Digest No. 5 of 2011, p. 51.

Chapter 2 - Views on Schedule 5

[1]        Australian Taxation Office, Calculating fringe benefits tax, http://www.ato.gov.au/businesses/content.aspx?doc=/content/52006.htm (accessed 19 June 2011).

[2]        Australian Taxation Office, What is fringe benefits tax, http://www.ato.gov.au/businesses/content.aspx?doc=/content/52006.htm (accessed 19 June 2011).

[3]        Australian Taxation Office, Car fringe benefits tax, http://www.ato.gov.au/businesses/content.aspx?doc=/content/52006.htm (accessed 19 June 2011).

[4]        Australian Taxation Office, Car fringe benefits tax, http://www.ato.gov.au/businesses/content.aspx?doc=/content/52006.htm (accessed 19 June 2011).

[5]        Explanatory Memorandum, p. 123.

[6]        Explanatory Memorandum, p. 125.

[7]        Explanatory Memorandum, p. 124.

[8]        Explanatory Memorandum, p. 124.

[9]        Explanatory Memorandum, p. 125.

[10]      Explanatory Memorandum, p. 134.

[11]      Explanatory Memorandum, p. 130.

[12]      Explanatory Memorandum, p. 127.

[13]      Tax Laws Amendment (2011 Measures No. 5) Bill 2011, lines 3 to 9, p. 65.

[14]      The Tax Institute, Submission 3, pp 1–2.

[15]      Federal Chamber of Automotive Industries (FCAI), Submission 2, p. 1.

[16]      Motor Trades Association of Australia (MTAA), Submission 1, p. 1.

[17]      FCAI, Submission 2, p. 1; MTAA, Submission 1, p. 1.

[18]      FCAI, Submission 2, p. 1; MTAA, Submission 1, p. 1.

[19]      FCAI, FBT on Motor Vehicles, Media Release, 10 May 2011, p. 1.

[20]      FCAI, Submission 2, p. 1.

[21]      MTAA, Submission 1, p. 1.

[22]      The Tax Institute, Submission 3, pp 2-3.