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THE PARLIAMENT OF THE COMMONWEALTH OF AUSTRALIA
HOUSE OF REPRESENTATIVES
TAx Laws AMENDMENT (Research and DEVELOPMENT) BILL 2010
Income taX Rates AMENDMENT (RESEARCH AND DEVELOPMENT) BILL 2010
CORRECTION TO THE
EXPLANATORY MEMORANDUM
Chapter 2
Paragraph 2.12- omit ‘355-25(a)’, substitute ‘355-25(1)(a)’.
Paragraph 2.16 - omit ‘355-25(b)’, substitute ‘355-25(1)(b)’.
Paragraph 2.23 - omit ‘355-35(2)(a)’, substitute ‘355-30(2)(a)’.
Paragraph 2.32 - omit ‘355 35(2)(a)’, substitute ‘355-30(2)(a)’.
Chapter 3
Paragraph 3.3 - omit ‘Part 3 of Schedule 3 contains’, substitute ‘Schedule 3 contains’.
Paragraph 3.18 - omit ‘355-40’, substitute ‘355-35’.
Paragraph 3.19 - omit ‘355-40’, substitute ‘355-35’.
( continued overleaf )
(Circulated by the
authority of the
Treasurer, the Hon Wayne Swan MP)
Chapter 3 continued
Paragraph 3.24 - omit ‘section 355-40’, substitute ‘subsection 355-35(3)’.
Paragraph 3.46 - omit ‘355-115’, substitute ‘355-110’.
Paragraph 3.49 - omit ‘355-220(a) and (b)’, substitute ‘355-220(1)(a) and (1)(b)’.
Paragraph 3.50 - omit ‘355-210(d) and (e)’, substitute ‘355-210(1)(d) and (e)’.
Paragraph 3.60 - omit ‘355-220(d)’, substitute ‘355-220(1)(d)’.
Paragraph 3.61 - omit ‘355-220(e)’, substitute ‘355-220(1)(e)’.
Paragraph 3.61 - omit ‘355-20(2)’, substitute ‘355-220(2)’.
Paragraph 3.82 - omit ‘355-305(d)’, substitute ‘355-305(1)(d)’.
Paragraph 3.131 - omit ‘Schedule 1’, substitute ‘Schedule 3’.
Example 3.14 - omit ‘Lisowski Crushing has a turnover of $100,000’, substitute ‘Lisowski Crushing has a turnover of $100 million’.
Paragraph 3.157 - omit ‘item 44’, substitute ‘item 47’.
Paragraph 3.205 - omit ‘355-699’, substitute ‘355-700’.
Chapter 4
Paragraph 4.12 - omit ‘items 4 to 5’, substitute ‘items 4 and 5’.
Paragraph 4.41 - omit ‘items 56 to 68’, substitute ‘items 55 to 70’.
Chapter 5
Paragraph 5.61 - in the third bullet point, omit ‘In relation to each activity the subject of the request,…’, substitute ‘In relation to each activity that is the subject of the request,…’.
Paragraph 5.84 - omit ‘and section 30A’.
Paragraph 5.92 - in the sentence ‘All applications for these findings under must be in the approved form and accompanied by a fee (if any) specified in the regulations’, omit ‘under’.
Paragraph 5.111 - omit ‘Schedule 2, item 1, subsection 27A(2)’, substitute ‘Schedule 1, item 1, subsection 355-705(2)’.
Paragraph 5.151 - omit ‘subsection 30C(3)’, substitute ‘subsections 30C(2) and 30C(3)’.
Paragraph 5.157 - insert ‘[Schedule 2, item 1, section 30E]’.
Paragraph 5.158 - omit ‘[Schedule 2, item 1, section 30E]’.