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Treasury Laws Amendment (Enterprise Tax Plan No. 2) Bill 2017

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8439

2016-2017-2018

 

The Parliament of the

Commonwealth of Australia

 

THE SENATE

 

 

 

 

 

Treasury Laws Amendment (Enterprise Tax Plan No.  2) Bill 2017

 

 

(1)     Clause  2 , pages 2 and 3 (table), omit the table, substitute:

 

Commencement information

Column 1

Column 2

Column 3

Provisions

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

1 July 2019.

1 July 2019

3.  Schedule 1, Part 2

1 July 2020.

1 July 2020

4.  Schedule 1, Part 3

1 July 2021.

1 July 2021

5.  Schedule 1, Part 9

The day this Act receives the Royal Assent .

 

6.  Schedule 3, Part 1

1 July 2023.

1 July 2023

7.  Schedule 3, Part 2

1 July 2024.

1 July 2024

8.  Schedule 3, Part 3

1 July 2025.

1 July 2025

9.  Schedule 3, Part 4

1 July 2026.

1 July 2026

 

[consequential—corporate tax rate]

(2)     Schedule  1 , Part  4 , page 7 (lines 1 to 4) , to be opposed .

[corporate tax rate]

(3)     Schedule  1 , Part  5 , page 8 (line 1) to page 9 (line 20) , to be opposed .

[corporate tax rate]

(4)     Schedule  1 , Part  6 , page 10 (lines 1 to 18) , to be opposed .

[corporate tax rate]

(5)     Schedule  1 , Part  7 , page 11 (lines 1 to 18) , to be opposed .

[corporate tax rate]

(6)     Schedule  1 , Part  8 , page 12 (lines 1 to 18) , to be opposed .

[corporate tax rate]

(7)     Schedule  1 , item  41 , page 13 (lines 12 to 25) , omit subitems ( 4 ) to ( 8 ).

[consequential—corporate tax rate]

(8)     Schedule  2 , page 14 (line 1) to page 18 (line 4) , to be opposed .

[consequential—corporate tax rate]

(9)     Schedule  3 , page 19 (line 4) , omit the heading.

[consequential—corporate tax rate]

(10)   Schedule  3 , item  1 , page 19 (lines 5 to 15) , omit the item.

[consequential—corporate tax rate]

(11)   Schedule 3, item 2, page 19 (line 19), after “Company A”, insert “(which is a base rate entity)”.

[consequential—corporate tax rate]

(12)   Schedule 3, item 3, page 20 (line 12), after “Company E”, insert “(which is a base rate entity)”.

[consequential—corporate tax rate]

(13)   Schedule  3 , page 20 (after line 23) , after item  3 , insert:

3A  Subsection 36-55(2) (example)

After “company E”, insert “(which is a base rate entity)”.

[consequential—corporate tax rate]

(14)   Schedule  3 , items  6 and 7 , page 20 (line 28) to page 21 (line 8) , omit the items.

[consequential—corporate tax rate]

(15)   Schedule 3, item 8, page 21 (line 11), after “company”, insert “(which is a base rate entity)”.

[consequential—corporate tax rate]

(16)   Schedule 3, item 9, page 22 (line 5), after “Company A”, insert “(which is a base rate entity)”.

[consequential—corporate tax rate]

(17)   Schedule 3, item 10, page 22 (line 30), after “Company E”, insert “(which is a base rate entity)”.

[consequential—corporate tax rate]

(18)   Schedule  3 , items  13 and 14 , page 23 (lines 13 to 16) , omit the items.

[consequential—corporate tax rate]

(19)   Schedule 3, item 15, page 23 (line 19), after “company”, insert “(which is a base rate entity)”.

[consequential—corporate tax rate]

(20)   Schedule 3, item 16, page 24 (line 5), after “Company A”, insert “(which is a base rate entity)”.

[consequential—corporate tax rate]

(21)   Schedule 3, item 17, page 24 (line 30), after “Company E”, insert “(which is a base rate entity)”.

[consequential—corporate tax rate]

(22)   Schedule  3 , items  20 and 21 , page 25 (lines 13 to 16) , omit the items.

[consequential—corporate tax rate]

(23)   Schedule 3, item 22, page 25 (line 19), after “company”, insert “(which is a base rate entity)”.

[consequential—corporate tax rate]

(24)   Schedule 3, item 23, page 26 (line 5), after “Company A”, insert “(which is a base rate entity)”.

[consequential—corporate tax rate]

(25)   Schedule 3, item 24, page 26 (line 30), after “Company E”, insert “(which is a base rate entity)”.

[consequential—corporate tax rate]

(26)   Schedule  3 , items  27 and 28 , page 27 (lines 13 to 16) , omit the items.

[consequential—corporate tax rate]

(27)   Schedule 3, item 29, page 27 (line 19), after “company”, insert “(which is a base rate entity)”.

[consequential—corporate tax rate]

(28)   Schedule  4 , page 28 (line 1) to page 29 (line 9) , to be opposed .

[corporate tax rate]