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A New Tax System (Tax Administration) Bill (No. 1) 2000

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1998-1999-2000

 

The Parliament of the

Commonwealth of Australia

 

HOUSE OF REPRESENTATIVES

 

 

 

 

 

 

 

 

 

A New Tax System (Tax Administration) Bill (No. 2) 1999

 

 

(Amendments to be moved on behalf of the Government)

 

(1)     Clause 2, page 1 (line 12), omit subclause (2), substitute:

             (2)  Schedule 2 (except items 2, 5, 8A and 9 and subitem 10(2)) commences on 1 April 2000.

          (2A)  Items 2, 5, 8A and 9, and subitem 10(2), of Schedule 2 commence on 1 April 2001.

[FBT instalment credits]

(2)     Schedule 2, item 8, page 18 (lines 14 to 19), omit the note, substitute:

Note:          This will happen if the notional tax amount has reduced since the end of an earlier quarter because, for example, the employer has made an estimate under section 112 of its tax for the current year.

[FBT instalment credits]

(3)     Schedule 2, page 19 (after line 32), after item 8, insert:

8A  Subsection 112A(1) (note)

Repeal the note, substitute:

Note:          This will happen if the notional tax amount has reduced since the end of an earlier quarter because, for example:

·        the employer has made an estimate under section 112 of its tax for the current year; or

·        an assessment has been made for a more recent year of tax before the current year.

 [FBT instalment credits]

 (4)    Schedule 2, item 10, page 20 (lines 3 to 6), omit the item, substitute:

10  Application of amendments

(1)        The amendments made by this Schedule (except items 2, 5, 8A and 9) apply in relation to instalments of tax for the year of tax starting on 1 April 2000 and all later years of tax.

(2)       The amendments made by items 2, 5, 8A and 9 apply in relation to instalments of tax for the year of tax starting on 1 April 2001 and all later years of tax.

[FBT instalment credits]