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Tax Laws Amendment (Income Tax Rates) Bill 2012

2010-2011-2012

 

The Parliament of the

Commonwealth of Australia

 

HOUSE OF REPRESENTATIVES

 

 

 

 

As read a third time

 

 

 

 

 

 

 

 

 

Tax Laws Amendment (Income Tax Rates) Bill 2012

 

No.      , 2012

 

 

 

 

 

A Bill for an Act to amend the Income Tax Rates Act 1986 , and for related purposes

   

   



Contents

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

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

3............ Schedule(s)......................................................................................... 2

Schedule 1—Non-resident personal tax rates                                                        3

Part 1—Amendments applying from the 2012-13 year of income         3

Income Tax Rates Act 1986                                                                                         3

Part 2—Amendments applying from the 2015-16 year of income         5

Income Tax Rates Act 1986                                                                                         5

 



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

B.C. WRIGHT

Clerk of the House of Representatives

House of Representatives

31 May 2012

A Bill for an Act to amend the Income Tax Rates Act 1986 , and for related purposes

The Parliament of Australia enacts:

1   Short title

                   This Act may be cited as the Tax Laws Amendment (Income Tax Rates) Act 2012 .

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.

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.