Footnotes

Chapter 1 - Introduction and background to the bill

[1]        Journals of the Senate No. 141, 25 February 2016, p. 3816.

[2]        Senate Standing Committee for the Scrutiny of Bills, Alert Digest No. 2 of 2016, 24 February 2016, p. 82.

[3]        Explanatory Memorandum, Tax and Superannuation Laws Amendment (2016 Measures No. 1) Bill 2016, pp. 4, 7.

[4]        Explanatory Memorandum, Tax and Superannuation Laws Amendment (2016 Measures No. 1) Bill 2016, pp. 4, 6-7.

[5]        Explanatory Memorandum, Tax and Superannuation Laws Amendment (2016 Measures No. 1) Bill 2016, paragraphs 1.198, 2.242, and 3.73.

Chapter 2 - Extending GST to digital products and other services imported by consumers

[1]        Explanatory Memorandum, Tax and Superannuation Laws Amendment (2016 Measures No. 1) Bill 2016, p. 11.

[2]        Professor Millar, 'The "Netflix tax" — coming to a country near you', The Conversation, 22 April 2015.

[3]        Explanatory Memorandum, Tax and Superannuation Laws Amendment (2016 Measures No. 1) Bill 2016, p. 48.

[4]        Explanatory Memorandum, Tax and Superannuation Laws Amendment (2016 Measures No. 1) Bill 2016, p. 11.

[5]        Professor Millar, 'The "Netflix tax" — coming to a country near you', The Conversation, 22 April 2015.

[6]        Organisation for Economic Co-operation and Development, About Base Erosion and Profit Shifting, http://www.oecd.org/ctp/beps-about.htm (accessed: 1 March 2016).

[7]        Organisation for Economic Co-operation and Development, Addressing the Tax Challenges of the Digital Economy, OECD Publishing, Paris, 2014, p. 3.

[8]        Organisation for Economic Co-operation and Development, Addressing the Tax Challenges of the Digital Economy, Action 1 – 2015 Final Report, OECD Publishing, Paris, 2015, p. 13.

[9]        Organisation for Economic Co-operation and Development, Addressing the Tax Challenges of the Digital Economy, Action 1 – 2015 Final Report, OECD Publishing, Paris, 2015, p. 13.

[10]      OECD Global Forum on VAT, OECD delivers international standard for collection of VAT on cross-border sales, media release, 6 November 2015.

[11]      The Hon Scott Morrison MP, Treasurer, 'OECD report supports Australian Government action on multinational tax avoidance', media release, 6 October 2015.

[12]      Australian Government, Budget Paper No. 1 2015-16, p. 1-14.

[13]      Explanatory Memorandum, Tax and Superannuation Laws Amendment (2016 Measures No. 1) Bill 2016, p. 49; Australian Government, Closing the digital tax loophole, http://www.budget.gov.au/2015-16/content/glossy/tax/html/tax-03.htm (accessed: 10 March 2016).

[14]      Organisation for Economic Co-operation and Development, International VAT/GST Guidelines, 2015, p. 46.

[15]      Professor Millar, 'The "Netflix tax" – coming to a country near you', The Conversation, 22 April 2015.

[16]      Explanatory Memorandum, Tax and Superannuation Laws Amendment (2016 Measures No. 1) Bill 2016, p. 61.

[17]      Explanatory Memorandum, Tax and Superannuation Laws Amendment (2016 Measures No. 1) Bill 2016, p. 12.

[18]      Explanatory Memorandum, Tax and Superannuation Laws Amendment (2016 Measures No. 1) Bill 2016, p. 12.

[19]      Explanatory Memorandum, Tax and Superannuation Laws Amendment (2016 Measures No. 1) Bill 2016, p. 52.

[20]      Explanatory Memorandum, Tax and Superannuation Laws Amendment (2016 Measures No. 1) Bill 2016, p. 5.

[21]      Explanatory Memorandum, Tax and Superannuation Laws Amendment (2016 Measures No. 1) Bill 2016, p. 54.

[22]      Explanatory Memorandum, Tax and Superannuation Laws Amendment (2016 Measures No. 1) Bill 2016, pp. 41–44.

[23]      Explanatory Memorandum, Tax and Superannuation Laws Amendment (2016 Measures No. 1) Bill 2016, pp. 56, 62.

[24]      Explanatory Memorandum, Tax and Superannuation Laws Amendment (2016 Measures No. 1) Bill 2016, p. 41.

[25]      Explanatory Memorandum, Tax and Superannuation Laws Amendment (2016 Measures No. 1) Bill 2016, p. 30.

[26]      Explanatory Memorandum, Tax and Superannuation Laws Amendment (2016 Measures No. 1) Bill 2016, p. 53.

[27]      Explanatory Memorandum, Tax and Superannuation Laws Amendment (2016 Measures No. 1) Bill 2016, p. 32.

[28]      Explanatory Memorandum, Tax and Superannuation Laws Amendment (2016 Measures No. 1) Bill 2016, p. 21.

[29]      Explanatory Memorandum, Tax and Superannuation Laws Amendment (2016 Measures No. 1) Bill 2016, p. 25.

[30]      Explanatory Memorandum, Tax and Superannuation Laws Amendment (2016 Measures No. 1) Bill 2016, p. 26.

[31]      Explanatory Memorandum, Tax and Superannuation Laws Amendment (2016 Measures No. 1) Bill 2016, p. 14.

[32]      Explanatory Memorandum, Tax and Superannuation Laws Amendment (2016 Measures No. 1) Bill 2016, p. 54.

[33]      Explanatory Memorandum, Tax and Superannuation Laws Amendment (2016 Measures No. 1) Bill 2016, p. 65.

[34]      Explanatory Memorandum, Tax and Superannuation Laws Amendment (2016 Measures No. 1) Bill 2016, p. 65.

Chapter 3 - Schedules 2 and 3

[1]        Explanatory Memorandum, Tax and Superannuation Laws Amendment (2016 Measures No. 1) Bill 2016, p. 69.

[2]        The Board of Taxation, Review of application of GST to cross-border transactions, 2010, pp. 5-6.

[3]        Explanatory Memorandum, Tax and Superannuation Laws Amendment (2016 Measures No. 1) Bill 2016, p. 67.

[4]        Lloyd's, Submission 2, p. 5.

[5]        Lloyd's, Submission 2, p. 2.

[6]        Lloyd's, Submission 2, p. 6.

[7]        Department of Agriculture and Water Resources, Information for New Farm Management Deposit Holders, http://www.agriculture.gov.au/ag-farm-food/drought/assistance/fmd/info (accessed: 10 March 2016).

[8]        Tasmanian Farmers and Graziers Association, Submission 6, p. [1]; Australian Honey Bee Industry Council Inc., Submission 5, p. 1; National Farmers' Federation, Submission 1, p. [6].

[9]        Explanatory Memorandum, Tax and Superannuation Laws Amendment (2016 Measures No. 1) Bill 2016, p. 120.

[10]      Explanatory Memorandum, Tax and Superannuation Laws Amendment (2016 Measures No. 1) Bill 2016, p. 140.

[11]      Department of Agriculture and Water Resources, Reviews of the Farm Management Deposit Scheme, http://www.agriculture.gov.au/ag-farm-food/drought/assistance/fmd/review (accessed: 10 March 2016).

[12]      National Rural Advisory Council, Report on the effectiveness of the Farm Management Deposits Scheme, 2012, p. 7.

[13]      Department of Agriculture, Forestry and Fisheries, Farm Management Deposits, 2006, p. 4.

[14]      National Rural Advisory Council, Report on the effectiveness of the Farm Management Deposits Scheme, 2012, p. 7.

[15]      National Rural Advisory Council, Report on the effectiveness of the Farm Management Deposits Scheme, 2012, p. 2.

[16]      National Rural Advisory Council, Report on the effectiveness of the Farm Management Deposits Scheme, 2012, p. 21.

[17]      National Rural Advisory Council, Report on the effectiveness of the Farm Management Deposits Scheme, 2012, p. 21.

[18]      Explanatory Memorandum, Tax and Superannuation Laws Amendment (2016 Measures No. 1) Bill 2016, p. 141.

[19]      Explanatory Memorandum, Tax and Superannuation Laws Amendment (2016 Measures No. 1) Bill 2016, p. 142.

[20]      Explanatory Memorandum, Tax and Superannuation Laws Amendment (2016 Measures No. 1) Bill 2016, p. 147.

[21]      National Rural Advisory Council, Report on the effectiveness of the Farm Management Deposits Scheme, 2012, p. 23.

[22]      Explanatory Memorandum, Tax and Superannuation Laws Amendment (2016 Measures No. 1) Bill 2016, p. 119.

[23]      Australian Government, Agricultural Competitiveness White Paper, p. 24.

[24]      Explanatory Memorandum, Tax and Superannuation Laws Amendment (2016 Measures No. 1) Bill 2016, p. 123.

[25]      National Farmers' Federation, Submission 1, p. [8].

[26]      National Farmers' Federation, Submission 1, p. [8].

[27]      Explanatory Memorandum, Tax and Superannuation Laws Amendment (2016 Measures No. 1) Bill 2016, p. 121.

[28]      The rainfall deficiency test period can be prescribed by regulations. Until such a regulation is made the period is six consecutive months.

[29]      Explanatory Memorandum, Tax and Superannuation Laws Amendment (2016 Measures No. 1) Bill 2016, p. 121.

[30]      Explanatory Memorandum, Tax and Superannuation Laws Amendment (2016 Measures No. 1) Bill 2016, pp. 126-7.

[31]      National Farmers' Federation, Submission 1, p. [8].

[32]      Dr Lindsay Campbell, Submission 3, p. 2.

[33]      The farming of aquatic animals is a qualifying class of primary production for the purposes of early withdrawal. Explanatory Memorandum, Tax and Superannuation Laws Amendment (2016 Measures No. 1) Bill 2016, p. 125.

[34]      Australian Honey Bee Industry Council Inc., Submission 5, p. 1.

[35]      Explanatory Memorandum, Tax and Superannuation Laws Amendment (2016 Measures No. 1) Bill 2016, p. 129.

[36]      National Farmers' Federation, Submission 1, p. [9].

[37]      Explanatory Memorandum, Tax and Superannuation Laws Amendment (2016 Measures No. 1) Bill 2016, p. 148.

[38]      Explanatory Memorandum, Tax and Superannuation Laws Amendment (2016 Measures No. 1) Bill 2016, p. 148.

[39]      National Farmers' Federation, Submission 1, p. [8].

[40]      Explanatory Memorandum, Tax and Superannuation Laws Amendment (2016 Measures No. 1) Bill 2016, p. 148.

[41]      Explanatory Memorandum, Tax and Superannuation Laws Amendment (2016 Measures No. 1) Bill 2016, p. 131.

[42]      Explanatory Memorandum, Tax and Superannuation Laws Amendment (2016 Measures No. 1) Bill 2016, p. 130.