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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

 

 

 

 

(As read a third time)

 

 

 

 

 

 

 

 

 

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

 

No.      , 2000

 

 

 

 

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

A New Tax System (Tax Administration) 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                                                                             33

Petroleum Resource Rent Tax Assessment Act 1987                                            33

Superannuation Contributions Tax (Assessment and Collection) Act 1997 34

Superannuation Guarantee (Administration) Act 1992                                     34

Taxation Administration Act 1953                                                                          36

Taxation (Interest on Overpayments and Early Payments) Act 1983               45

Tobacco Charges Assessment Act 1955                                                                 45

Termination Payments Tax (Assessment and Collection) Act 1997                  45

Wool Tax (Administration) Act 1964                                                                      46

Part 2—Amendments applying to returns etc. for the 2000-01 year and later years         47

Income Tax Assessment Act 1936                                                                             47

Taxation Administration Act 1953                                                                          48

Part 3—Amendments applying to tax payable for the 2000-01 year and later years         54

Income Tax Assessment Act 1936                                                                             54

Part 4—FBT amendments commencing on 1 April 2001                          55

Fringe Benefits Tax Assessment Act 1986                                                              55

Schedule 3—Pay As You Go (PAYG) withholding system                         57

Taxation Administration Act 1953                                                                          57

A New Tax System (Tax Administration) Act 1999                                               59

Schedule 4—Amendment of the Corporations Law consequential on Pay As You Go (PAYG) withholding system                                                                                 61

Schedule 4A—Income tax deductions for GST-related expenditure    62

Income Tax Assessment Act 1997                                                                             62

Schedule 4B—Diesel Fuel Rebate Scheme                                                             65

Customs Act 1901                                                                                                       65

Excise Act 1901                                                                                                           66

Schedule 4C—Access to ABN information                                                           68

Part 1—Amendments                                                                                                   68

A New Tax System (Australian Business Number) Act 1999                               68

Part 2—Transitional                                                                                                      72

Schedule 5—Consequential amendment of Chapter 6 (the Dictionary) of the Income Tax Assessment Act 1997                                                                                                                  73

 



This Bill originated in the House of Representatives; and, having this day passed, is now ready for presentation to the Senate for its concurrence.

                I.C. HARRIS

           Clerk of the House of Representatives

House of Representatives

21 June 2000

 

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 1-1 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.

          (5A)  Schedule 4B commences, or is taken to have commenced, immediately after the commencement of the Customs and Excise Amendment (Diesel Fuel Rebate Scheme) Act 1999 .

          (5B)  Schedule 4C 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.