Supplementary Order Paper No 35

No 35

House of Representatives

Supplementary Order Paper

Tuesday, 25 August 2009

Taxation (International Taxation, Life Insurance, and Remedial Matters) Bill


Proposed amendments to SOP No. 34 and Taxation (International Taxation, Life Insurance, and Remedial Matters) Bill

Hon Peter Dunne, in Committee, to move the following amendments:

Proposed amendment to SOP No. 34

New clause 214BB

New section HR 10(4)(a): to omit back (page 27) and substitute backed.

Proposed amendments to Taxation (International Taxation, Life Insurance, and Remedial Matters) Bill

Clause 2

Subclause (21): to omit 72(1) to (4) (line 4 on page 44) and substitute 72(1), (3), and (4).

Subclause (21): to omit 207B (line 20 on page 44) and substitute 207(3B), 207B.

Subclause (21): to omit 394 (line 2 on page 45) and substitute 394, 395B, 395C, 395D, 395E.

Subclause (21): to omit 559 (line 23 on page 45) and substitute 558, 559.

Subclause (26): to omit 287(3) and (7), (line 1 on page 46).

Subclause (26): to omit 395B, 395C, 395D, 395E, (line 3 on page 46).

Subclause (27): to omit 117 (line 9 on page 46) and substitute 117, 118.

Subclause (27): to omit 273(3), (4), and (8), 277, 286(3) and (7) (line 17 on page 46) and substitute 277, 284C, 286(3) and (7), 287(3) and (7).

Subclause (27): to omit 442(2) (line 30 on page 46) and substitute 442(2) and (4).

Subclause (28): to omit (75), and (82B) (line 36 on page 46) and substitute and (75).

Subclause (29): to omit 15(4) (line 38 on page 46) and substitute 13(3B), 15(4).

Subclause (29): to omit 72(5) and (6) (line 2 on page 47) and substitute 72(2), (5), and (6).

Subclause (29): to omit 116(2) and (3), (line 4 on page 47).

Subclause (29): to omit 289, (line 10 on page 47).

Subclause (29): to omit 344(2) and (4), 378, 393(3), (6), (line 11 on page 47) and substitute 378, 393(3).

Subclause (29): to omit 477 (line 18 on page 47) and substitute 477, 483(4) and (6).

Subclause (31): to omit 297 (line 26 on page 47) and substitute 289, 297.

Subclause (31): to omit 351 (line 28 on page 47) and substitute 344(2) and (4), 351.

Subclause (31): to omit (83B) (line 31 on page 47) and substitute (82B), (83B).

Clause 29

Subclause (1): section CR 4(1)(a)(ii): to omit : (line 16 on page 69) and substitute ; and.

Clause 52B

Section CZ 9B(4)(c): to omit a child or (line 10 on page 98) and substitute a child of.

Section CZ 9B(4)(d): to omit or a child (line 13 on page 98) and substitute or of a child.

Clause 68

Subclause (1): section DR 1(1): to omit shareholder (lines 10 and 11 on page 112) and substitute policyholder.

Subclause (1): heading to section DR 2: to omit income (line 27 on page 112) and substitute allowable deduction.

Subclause (1): section DR 4(2): to omit to an insured (line 27 on page 113).

Clause 79

Subclause (1): section DW 4(1)(a)(ii): to omit : (line 23 on page 127) and substitute ; and.

Clause 100

Subclause (1): to omit adjustments (line 3 on page 151) and substitute when the fair value method is used, adjustments.

Clause 123

Subclause (1): heading after section EX 21E(6): to omit the first instance of Reported passive (line 4 on page 217).

Clause 140

Subclause (1): section EY 2, list of defined terms: to omit amount (line 25 on page 247) and substitute amount, assessable income.

Subclause (1): section EY 3(1)(c): to omit EY 30 (line 1 on page 248) and substitute EY 31.

Subclause (1): section EY 3, list of defined terms: to omit assessable income, deduction, life insurance (line 20 on page 248) and substitute deduction, life insurance, life insurance policy.

Subclause (1): section EY 4, list of defined terms: to omit actuarially determined (line 9 on page 249) and substitute actuarially determined, amount.

Subclause (1): section EY 5, list of defined terms: to omit life reinsurance (line 5 on page 251) and substitute life reinsurance, outstanding claims reserve.

Clause 143

Subclause (1): section EY 15(1)(b)(iii): to omit products (line 18 on page 274) and substitute product policies.

Subclause (1): section EY 16(2): to omit income (line 3 on page 276) and substitute allowable deduction.

Subclause (1): section EY 30(4), words before the paragraphs: to omit employer sponsored group policies (line 4 on page 297) and substitute to an employer sponsored group policy.

Subclause (1): section EY 30(4)(a): to omit deduction (line 9 on page 297) and substitute deduction for the policy.

Clause 161

Subclause (3): section FE 13(3)(a)(i): to omit New Zealand source (lines 36 and 37 on page 329) and substitute source in New Zealand.

Subclause (3): section FE 13(3)(a)(ii): to omit New Zealand source (lines 1 and 2 on page 330) and substitute source in New Zealand.

Clause 164

Subclause (1): section FE 16(1B)(a)(ii): to omit New Zealand source (lines 26 and 27 on page 333) and substitute source in New Zealand.

Clause 223

Subclause (3): to omit 2009–10 (line 36 on page 451) and substitute 2010–11.

Clause 236

Section LD 8(1): to omit pay period (line 33 on page 463) and substitute pay period and employer who agrees to offer payroll giving to their employees.

Clause 393

Subclause (6): to omit subclause (6) (lines 8 and 9 on page 581).

Clause 397

to omit clause 397 (line 10 on page 586).

Clause 408

Subclause (156): to omit (83B) (line 16 on page 637) and substitute (82B), (83B).

Clause 447

Section 24Q(1): to omit pay period (line 16 on page 694) and substitute pay period and employer who agrees to offer payroll giving to their employees,.

Clause 458

Subclause (1): section 41A(1): to omit LC 7 (line 18 on page 701) and substitute LC 6.

Subclause (2): section 41A(3): to omit LC 7 (line 22 on page 701) and substitute LC 6.

Subclause (4): section 41A(10): to omit LC 7 (line 33 on page 701) and substitute LC 6.

Clause 500B

Subclause (2): section 140CA(1C)(a): to omit 2008 (line 2 on page 731) and substitute 2007.

Clause 546

Subclause (1): section CR 3(1)(a): to omit : (line 26 on page 753) and substitute ; and.

Clause 555

Subclause (1): section DW 3(1)(a): to omit : (line 17 on page 767) and substitute ; and.

Clause 564

Subclause (1): section EW 15C(3)(a): to omit adjustments (line 18 on page 779) and substitute when the fair value method is used, adjustments.

Clause 613

Subclause (15): to omit the first instance of subclause (15) (lines 30 to 33 on page 806).


Explanatory note

This SOP corrects an error in SOP No. 34, and also corrects drafting issues in the Taxation (International Taxation, Life Insurance, and Remedial Matters) Bill.