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Tax Laws Amendment (Budget Measures) Bill 2008

2008

 

The Parliament of the

Commonwealth of Australia

 

HOUSE OF REPRESENTATIVES

 

 

 

 

Presented and read a first time

 

 

 

 

 

 

 

 

 

Tax Laws Amendment (Budget Measures) Bill 2008

 

No.      , 2008

 

(Treasury)

 

 

 

A Bill for an Act to amend the law relating to taxation, and for related purposes

   

   



Contents

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

2............ Commencement................................................................................... 1

3............ Schedule(s)......................................................................................... 1

Schedule 1—Fringe benefits tax and employee share schemes                   3

Part 1—Fringe benefits tax and related measures                                           3

Fringe Benefits Tax Assessment Act 1986                                                                3

Income Tax Assessment Act 1936                                                                               4

Income Tax Assessment Act 1997                                                                               5

Part 2—Employee share schemes                                                                             6

Income Tax Assessment Act 1936                                                                               6

Income Tax Assessment Act 1997                                                                               7

Schedule 2—In-house software                                                                                      8

Income Tax Assessment Act 1997                                                                               8

 



A Bill for an Act to amend the law relating to taxation, and for related purposes

The Parliament of Australia enacts:

1   Short title

                   This Act may be cited as the Tax Laws Amendment (Budget Measures) Act 2008 .

2   Commencement

                   This Act commences on the day on which it receives the Royal Assent.

3   Schedule(s)

                   Each Act that is specified in a Schedule to this Act is amended or repealed as set out in the applicable items in the Schedule concerned, and any other item in a Schedule to this Act has effect according to its terms.