Explanation of amendment

							                            2004-2005-2006-2007



      THE PARLIAMENT OF THE COMMONWEALTH OF AUSTRALIA



                                  SENATE




        TAX LAWS AMENDMENT (2006 MEASURES No. 7) BILL 2006




            SUPPLEMENTARY EXPLANATORY MEMORANDUM



                Amendment moved on behalf of the Government



                         (Circulated by authority of the
                     Treasurer, the Hon Peter Costello MP)




Explanation of amendment
This amendment will remove Schedule 2 from the Tax Laws Amendment
(2006 Measures No. 7) Bill 2006.