Commonwealth of Australia Explanatory Memoranda

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TAX LAWS AMENDMENT (2012 MEASURES NO. 5) BILL 2012

                                  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)