House of Representatives Committees

| House of Representatives Standing Committee on Economics

Footnotes

Chapter 1 Introduction

[1] Tax Laws Amendment (2011 Measures No.9) Bill 2011, Explanatory Memorandum, p. 6.

[2] Tax Laws Amendment (2011 Measures No.9) Bill 2011, Explanatory Memorandum, p. 6.

[3] Tax Laws Amendment (2011 Measures No.9) Bill 2011, Explanatory Memorandum, p. 9.

[4] Tax Laws Amendment (2011 Measures No.9) Bill 2011, Explanatory Memorandum, p. 17.

[5] Tax Laws Amendment (2011 Measures No.9) Bill 2011, Explanatory Memorandum, p. 25.

[6] Tax Laws Amendment (2011 Measures No.9) Bill 2011, Explanatory Memorandum, p. 31.

[7] A New Tax System (Goods and Services Tax) Amendment Regulations 2012, Explanatory Memorandum, p. [1]; Australian Government, Implementation of the recommendations of Treasury’s review of the GST financial supply provisions, Discussion paper, June 2010, p. 12.

[8] Tax Laws Amendment (2011 Measures No.9) Bill 2011, Explanatory Memorandum, p. 65.

[9] Tax Laws Amendment (2011 Measures No.9) Bill 2011, Explanatory Memorandum, p. 77.

[10] Tax Laws Amendment (2011 Measures No.9) Bill 2011, Explanatory Memorandum, p. 79.

[11] Board of Taxation, Review of the Legal Framework for the Administration of the Goods and Services Tax, December 2008. This is available at: http://www.taxboard.gov.au/content/ reviews_and_consultations/legal_framework_for_administration_of_gst/report/downloads/legal_framework_for_administration_of_gst_report.pdf.

[13] Tax Laws Amendment (2011 Measures No.9) Bill 2011, Explanatory Memorandum, p. 5.

[14] The Hon. Senator Nick Sherry, Assistant Treasurer, ‘Further Reductions in GST Compliance Costs for Business’, Media Release No. 95, 11 May 2010.

[15] Mr Rob Dalla-Costa, Treasury, Committee Hansard, Canberra, 16 December 2011, p. 7.

[16] Australian Government, Implementation of the recommendations of Treasury’s review of the GST financial supply provisions, Discussion paper, June 2010, p. 5.

[17] Australian Finance Conference and the Australian Equipment Lessors Association, Submission 3, pp. 1-2.

[18] Mr Rob Dalla-Costa, Treasury, Committee Hansard, Canberra, 16 December 2011, p. 6.

[19] See in particular the decision of Middleton J, paras 77, 88-91, in Commissioner of Taxation v Gloxinia Investments (Trustee) [2010] FAAFC 46 (24 May 2010).

[20] Exposure Draft, GST Treatment of new residential premises, explanatory material, 2011, p. 3.

[21] Exposure Draft, GST Treatment of new residential premises, explanatory material, 2011, p. 3.

[22] Exposure Draft, GST Treatment of new residential premises, explanatory material, 2011, p. 3.

[23] Mr Donna Bagnall, ICAA, Committee Hansard, Canberra, 16 December 2011, p. 1.

[24] The Association of Superannuation Funds of Australia Limited, Submission 4, p. 2.

[25] The Australian Institute of Superannuation Trustees, Submission 2, p. 1.

[26] The Australian Finance Conference and the Australian Equipment Lessors Association, Submission 3, p. 2.

[27] The Australian Finance Conference and the Australian Equipment Lessors Association, Submission 3, p. 2.

Chapter 2 Analysis of the Bill

[1] Mr Michael Evans, ICAA, Committee Hansard, Canberra, 16 December 2011, pp. 4, 9.

[2] ATO, Goods and Services Tax Ruling, Goods and services tax: attributing GST payable, input tax credits and adjustments and particular attribution rules made under section 29-25, GSTR 2000/29, 11 July 2007, para. 211.

[3] Mr Michael Evans, ICAA, Committee Hansard, Canberra, 16 December 2011, p. 3.

[4] Mr Michael Evans, ICAA, Committee Hansard, Canberra, 16 December 2011, pp. 4-5.

[5] Mr Rob Dalla-Costa, Treasury, Committee Hansard, Canberra, 16 December 2011, p. 5.

[6] Australian Finance Conference and the Australian Equipment Lessors Association, Submission 3, pp. 1-2.

[7] Mr Rob Dalla-Costa, Treasury, Committee Hansard, Canberra, 16 December 2011, p. 6.

[8] Mr Rob Dalla-Costa, Treasury, Committee Hansard, Canberra, 16 December 2011, p. 3.

[9] A New Tax System (Goods and Services Tax) Amendment Regulations 2012, Explanatory Memorandum, p. [4].

[10] ICAA, Submission 1, p. 4.

[11] Mr Michael Evans, ICAA, Committee Hansard, Canberra, 16 December 2011, p. 12.

[12] Mr Michael Evans, ICAA, Committee Hansard, Canberra, 16 December 2011, p. 12.

[13] Mr Michael Evans, ICAA, Committee Hansard, Canberra, 16 December 2011, p. 12.

[14] Mr Phil Bignell, Treasury, Committee Hansard, Canberra, 16 December 2011, pp. 5, 12.

[15] Mr Phil Bignell, Treasury, Committee Hansard, Canberra, 16 December 2011, p. 12.

[16] Mr Phil Bignell, Treasury, Committee Hansard, Canberra, 16 December 2011, p. 12.

[17] Mr Phil Bignell, Treasury, Committee Hansard, Canberra, 16 December 2011, p. 14.