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New Business Tax System (Imputation) Bill 2002

 

 

 

 

 

New Business Tax System (Imputation) Act 2002

 

No. 48, 2002

 

 

 

 

 

An Act to amend the taxation law to implement a simplified imputation system, and for related purposes

   

   



Contents

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

2............ Commencement.................................................................................. 2

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

Schedule 1—The simplified imputation system                                                      3

Income Tax Assessment Act 1997                                                                               3

Schedule 2—Consequential amendments of Chapter 6 (the Dictionary) of the Income Tax Assessment Act 1997                                                                                                                  75

Schedule 3—Transitional provisions dealing with the application of Part IIIAA of the Income Tax Assessment Act 1936                                                                             83

Income Tax Assessment Act 1936                                                                             83

Income Tax (Transitional Provisions) Act 1997                                                  83

Schedule 4—Transitional provisions dealing with the conversion of the franking account               85

Income Tax Assessment Act 1936                                                                             85

Income Tax (Transitional Provisions) Act 1997                                                  85

 



 

New Business Tax System (Imputation) Act 2002

No. 48, 2002

 

 

 

An Act to amend the taxation law to implement a simplified imputation system, and for related purposes

[ Assented to 29 June 2002 ]

The Parliament of Australia enacts:

1   Short title

                   This Act may be cited as the New Business Tax System (Imputation) Act 2002 .

2   Commencement

                   This Act commences on the day on which it receives the Royal Assent.

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                   Each Act that is specified in a Schedule to this Act is amended or repealed as set out in the applicable items in the Schedule concerned, and any other item in a Schedule to this Act has effect according to its terms.



 



[ Minister’s second reading speech made in—

House of Representatives on 30 May 2002

Senate on 19 June 2002 ]

 

(122/02)