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The Parliament of the
Commonwealth of Australia
HOUSE OF REPRESENTATIVES
As passed by both Houses
Tax Laws Amendment (2011 Measures No. 4) Bill 2011
No. , 2011
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)......................................................................................... 2
4............ Amendment of assessments................................................................ 3
Schedule 1—Reduction in 2011-12 PAYG instalments 4
Part 1—Main amendments 4
Division 1—Taxation Administration Act 1953 4
Division 2—Tax Laws Amendment (2009 Measures No. 3) Act 2009 4
Part 2—Sunsetting on 1 July 2016 6
Taxation Administration Act 1953 6
Part 3—Application provision 7
Schedule 2—Low-income taxpayer rebate 8
Income Tax Assessment Act 1936 8
Income Tax Assessment Act 1997 8
Schedule 3—Disability superannuation benefits 10
Part 1—Deductible percentage of insurance premiums 10
Division 1—Deductions for insurance premiums 10
Income Tax Assessment Act 1997 10
Division 2—Deductions for self-insurance 11
Income Tax Assessment Act 1997 11
Part 2—Definition of disability superannuation benefits 13
Division 1—Main provisions 13
Income Tax Assessment Act 1997 14
Income Tax (Transitional Provisions) Act 1997 14
Division 2—Sunsetting on 1 January 2017 16
Income Tax (Transitional Provisions) Act 1997 16
Schedule 4—Reportable employer superannuation contributions 17
Taxation Administration Act 1953 17
A Bill for an Act to amend the law relating to taxation, and for related purposes
The Parliament of Australia enacts:
This Act may be cited as the Tax Laws Amendment (2011 Measures No. 4) Act 2011 .
(1) Each provision of this Act specified in column 1 of the table commences, or is taken to have commenced, in accordance with column 2 of the table. Any other statement in column 2 has effect according to its terms.
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Commencement information |
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Column 1 |
Column 2 |
Column 3 |
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Provision(s) |
Commencement |
Date/Details |
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1. Sections 1 to 4 and anything in this Act not elsewhere covered by this table |
The day this Act receives the Royal Assent. |
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2. Schedule 1, Part 1 |
The day after this Act receives the Royal Assent. |
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3. Schedule 1, Part 2 |
1 July 2016. |
1 July 2016 |
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4. Schedule 1, Part 3 |
The day after this Act receives the Royal Assent. |
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5. Schedule 2 |
The day this Act receives the Royal Assent. |
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6. Schedule 3, Part 1 |
The day this Act receives the Royal Assent. |
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7. Schedule 3, Part 2, Division 1 |
The day this Act receives the Royal Assent. |
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8. Schedule 3, Part 2, Division 2 |
1 January 2017. |
1 January 2017 |
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9. Schedule 4 |
The day this Act receives the Royal Assent. |
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Note: This table relates only to the provisions of this Act as originally enacted. It will not be amended to deal with any later amendments of this Act.
(2) Any information in column 3 of the table is not part of this Act. Information may be inserted in this column, or information in it may be edited, in any published version of this Act.
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.
Section 170 of the Income Tax Assessment Act 1936 does not prevent the amendment of an assessment if:
(a) the assessment was made before the commencement of item 8 of Schedule 3 to this Act; and
(b) the amendment is made within 2 years after that commencement; and
(c) the amendment is made for the purpose of giving effect to that item.