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Tax Laws Amendment (Income Tax Rates) Bill 2012

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SCHEDULE

2010-2011-2012

 

THE PARLIAMENT OF THE COMMONWEALTH OF AUSTRALIA

HOUSE OF REPRESENTATIVES

___________________

 

Tax Laws Amendment (Income Tax Rates) Bill 2012

 

SCHEDULE OF THE AMENDMENT(S) AGREED TO BY

THE FEDERATION CHAMBER

 

___________________

 

(1)     Clause 2, page 1 (lines 7 to 9), omit the clause, substitute:

2   Commencement

           (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.

 

Commencement information

Column 1

Column 2

Column 3

Provision(s)

Commencement

Date/Details

1.  Sections 1 to 3 and anything in this Act not elsewhere covered by this table

The day this Act receives the Royal Assent.

 

2. Schedule 1, Part 1

The day this Act receives the Royal Assent.

 

3.  Schedule 1, Part 2

The later of:

(a) immediately after the commencement of the provision(s) covered by table item 2; and

(b) 1 July 2015.

 

Note:          This table relates only to the provisions of this Act as originally enacted.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.

[non-resident personal tax rates]

 (2)    Schedule 1, page 3 (after line 2), after the Schedule heading, insert:

Part 1 Amendments applying from the 2012-13 year of income

[non-resident personal tax rates]

(3)     Schedule 1, page 3 (after line 11), after item 2, insert:

2A  Paragraph 15(2)(b)

Omit “$732”, substitute “$663”.

[non-resident personal tax rates]

(4)     Schedule 1, page 3 (after line 22), after item 4, insert:

4A  Paragraph 15(4)(d)

Omit “$732”, substitute “$663”.

[non-resident personal tax rates]

(5)     Schedule 1, page 3 (after line 28), after item 5, insert:

5A  Paragraph 15(6)(b)

Omit “$732”, substitute “$663”.

[non-resident personal tax rates]

(6)     Schedule 1, item 8, page 4 (line 8), omit “this Schedule”, substitute “this Part”.

[non-resident personal tax rates]

(7)     Schedule 1, page 4 (after line 9), at the end of the Schedule, add:

Part 2 Amendments applying from the 2015-16 year of income

Income Tax Rates Act 1986

9  Paragraphs 15(2)(b), (4)(d) and (6)(b)

Omit “$663”, substitute “$653”.

10  Application provision

The amendments made by this Part apply to the 2015-16 year of income and later years of income.

[non-resident personal tax rates]

 

 

 

 

Clerk of the Federation Chamber

      May 2012