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Tax Laws Amendment (Election Commitments No. 1) Bill 2008

2008

 

The Parliament of the

Commonwealth of Australia

 

HOUSE OF REPRESENTATIVES

 

 

 

 

Presented and read a first time

 

 

 

 

 

 

 

 

 

Tax Laws Amendment (Election Commitments No. 1) 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—Distributions of managed investment trust income to foreign residents      3

Part 1—Amendment of the Taxation Administration Act 1953              3

Part 2—Amendment of the Income Tax Assessment Act 1997            15

Part 3—Consequential amendments                                                                     20

Income Tax Act 1986                                                                                                  20

Income Tax Assessment Act 1936                                                                             20

Income Tax Assessment Act 1997                                                                             21

Income Tax (Transitional Provisions) Act 1997                                                   23

Taxation Administration Act 1953                                                                          24

Part 4—Application                                                                                                      31

Schedule 2—Prime Minister’s Literary Awards                                                32

Income Tax Assessment Act 1997                                                                             32

 



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 (Election Commitments No. 1) 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.