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New Business Tax System (Simplified Tax System) Bill 2000

 

 

 

 

New Business Tax System (Simplified Tax System) Act 2001

 

No. 78, 2001



 

 

 

 

New Business Tax System (Simplified Tax System) Act 2001

 

No. 78, 2001

 

 

 

 

An Act to amend the law about taxation to implement the New Business Tax System, and for related purposes

   

   



Contents

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

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

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

Schedule 1—Simplified tax system                                                                                3

Income Tax Assessment Act 1997                                                                               3

Schedule 2—Consequential amendments                                                                33

Income Tax Assessment Act 1997                                                                             33

Schedule 3—Deducting prepayments                                                                         37

Income Tax Assessment Act 1936                                                                             37

New Business Tax System (Integrity and Other Measures) Act 1999               39



New Business Tax System (Simplified Tax System) Act 2001

No. 78, 2001

 

 

 

An Act to amend the law about taxation to implement the New Business Tax System, and for related purposes

[ Assented to 30 June 2001 ]

The Parliament of Australia enacts:

1   Short title

                   This Act may be cited as the New Business Tax System (Simplified Tax System) Act 2001 .

2   Commencement

             (1)  Subject to this section this Act commences on the day on which it receives the Royal Assent.

             (2)  Items 5 and 14 of Schedule 3 commence on 22 September 2002.

3   Schedule(s)

                   Subject to section 2, each Act that is specified in a Schedule to this Act is amended or repealed as set out in the applicable items in the Schedule concerned, and any other item in a Schedule to this Act has effect according to its terms.