The Tax Laws Amendment (2007 Measures No. 5) Bill 2007 was introduced into the House of Representatives on 16 August 2007. On the same day, the Senate referred the provisions of the bill to the Senate Standing Committee on Economics for report by 5 September 2007. This review examines the following amendments to tax laws: 

• Tax preferred entities (Asset financing)
• Thin capitalisation - Excluded equity interests
• Thin capitalisation - Application to certain groups
• Capital gains tax marriage breakdown roll-over for small superannuation funds
• Prime Minister's Prizes
• Removal of the same business test cap
• Partial capital gains tax roll-over for statutory licences
• Australian property trusts and stapled entities
• Deductible gift recipients
• Film production offsets
• Research and development tax concession
• Innovation Australia