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Tax Laws Amendment (2012 Measures No. 5) Bill 2012

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2010-2011-2012

 

THE PARLIAMENT OF THE COMMONWEALTH OF AUSTRALIA

 

HOUSE OF REPRESENTATIVES

 

tax laws amendment (2012 Measures No. 5) Bill 2012

 

SUPPLEMENTARY EXPLANATORY MEMORANDUM

 

Amendments to be moved on behalf of the Government.

 

 

Explanation of amendments

Amendment 1 omits Clause 2 of the Bill and substitutes another clause.  Clause 2 contains the commencement provisions.  As a consequence of the omission of Schedules 3 and 4 of the Bill their respective commencement provisions are omitted.  The remaining schedules will all commence on the day the Act receives Royal Assent. 

Amendment 2 omits Schedule 3, which provides for a compliance regime for gaseous fuels subject to excise.

Amendment 3 omits Schedule 4, which deals with exempting certain blending of fuels from the scope of excise manufacture.

 

(Circulated by the authority of the

Deputy Prime Minister and Treasurer, the Hon Wayne Swan MP)