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A New Tax System (Tax Administration) Bill (No. 2) 2000

1998-1999-2000

 

The Parliament of the

Commonwealth of Australia

 

HOUSE OF REPRESENTATIVES

 

 

 

 

Presented and read a first time

 

 

 

 

 

 

 

 

 

A New Tax System (Tax Administration) Bill (No. 2) 2000

 

No.      , 2000

 

(Treasury)

 

 

 

A Bill for an Act to amend the law about taxation to implement A New Tax System, and for related purposes

   

   



Contents

1............ Short title............................................................................................. 1

2............ Definition............................................................................................ 1

3............ Commencement................................................................................... 2

4............ Schedule(s)......................................................................................... 2

Schedule 1—Administrative penalties                                                                        3

Taxation Administration Act 1953                                                                            3

Schedule 2—Consequential and miscellaneous amendments                     21

Part 1—General                                                                                                               21

A New Tax System (Australian Business Number) Act 1999                               21

Diesel and Alternative Fuels Grants Scheme Act 1999                                       21

Fringe Benefits Tax Assessment Act 1986                                                              22

Income Tax Assessment Act 1936                                                                             23

Income Tax Assessment Act 1997                                                                             31

Petroleum Resource Rent Tax Assessment Act 1987                                            32

Superannuation Contributions Tax (Assessment and Collection) Act 1997 33

Superannuation Guarantee (Administration) Act 1992                                     33

Taxation Administration Act 1953                                                                          35

Taxation (Interest on Overpayments and Early Payments) Act 1983               44

Tobacco Charges Assessment Act 1955                                                                 44

Termination Payments Tax (Assessment and Collection) Act 1997                  44

Wool Tax (Administration) Act 1964                                                                      44

Part 2—Amendments applying to returns etc. for the 2000-01 year and later years         46

Income Tax Assessment Act 1936                                                                             46

Taxation Administration Act 1953                                                                          47

Part 3—Amendments applying to tax payable for the 2000-01 year and later years         53

Income Tax Assessment Act 1936                                                                             53

Part 4—FBT amendments commencing on 1 April 2001                          54

Fringe Benefits Tax Assessment Act 1986                                                              54

Schedule 3—Pay As You Go (PAYG) withholding system                         56

Taxation Administration Act 1953                                                                          56

A New Tax System (Tax Administration) Act 1999                                               58

Schedule 4—Amendment of the Corporations Law consequential on Pay As You Go (PAYG) withholding system                                                                                 60

Schedule 5—Consequential amendment of Chapter 6 (the Dictionary) of the Income Tax Assessment Act 1997                                                                                                                  61

 



A Bill for an Act to amend the law about taxation to implement A New Tax System, and for related purposes

The Parliament of Australia enacts:

1   Short title

                   This Act may be cited as the A New Tax System (Tax Administration) Act (No. 2) 2000 .

2   Definition

                   In this Act:

Corporations Law means the Corporations Law set out in section 82 of the Corporations Act 1989 .

3   Commencement

             (1)  Subject to this section, this Act commences, or is taken to have commenced, immediately after the commencement of section 1 of the A New Tax System (Goods and Services Tax) Act 1999 .

             (2)  Items 2 to 7 (inclusive) of Schedule 2 commence, or are taken to have commenced, immediately after the commencement of sections 9 and 10 of the Diesel and Alternative Fuels Grants Scheme Act 1999 .

             (3)  Part 4 of Schedule 2 commences, or is taken to have commenced, on 1 April 2001.

             (4)  Schedule 3 commences, or is taken to have commenced, immediately after the commencement of section 1 of the A New Tax System (Tax Administration) Act (No. 1) 2000 .

             (5)  Schedule 4 commences, or is taken to have commenced, on 1 July 2000.

             (6)  Items 8 and 9 of Schedule 5 commence, or are taken to have commenced, on 1 July 2000.

4   Schedule(s)

                   Subject to section 3, the Corporations Law and each Act that is specified in a Schedule to this Act is amended or repealed as set out in the applicable items in the Schedule concerned, and any other item in a Schedule to this Act has effect according to its terms.