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Tax Laws Amendment (2005 Measures No. 1) Bill 2005

 

 

 

 

 

 

Tax Laws Amendment (2005 Measures No. 1) Act 2005

 

No.      , 2005

 

 

 

 

 

   



 

 

 

 

 

 

Tax Laws Amendment (2005 Measures No. 1) Act 2005

 

No.      , 2005

 

 

 

 

 

An Act to amend the law relating to taxation, and for related purposes

   

   



Contents

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

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

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

Schedule 1—Fringe benefits tax exemptions                                                           3

Fringe Benefits Tax Assessment Act 1986                                                                3

Schedule 2—Effective life of assets declining in value                                      5

Income Tax Assessment Act 1997                                                                               5

Schedule 3—Supplies of rights or options offshore                                              6

A New Tax System (Goods and Services Tax) Act 1999                                        6

Schedule 4—Mature age worker tax offset                                                            11

Income Tax Assessment Act 1997                                                                             11

Taxation Administration Act 1953                                                                          13

 



 

 

Tax Laws Amendment (2005 Measures No. 1) Act 2005

No.      , 2005

 

 

 

An Act to amend the law relating to taxation, and for related purposes

The Parliament of Australia enacts:

1   Short title

                   This Act may be cited as the Tax Laws Amendment (2005 Measures No. 1) Act 2005 .

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                   Each Act that is specified in a Schedule to this Act is amended or repealed as set out in the applicable items in the Schedule concerned, and any other item in a Schedule to this Act has effect according to its terms.



 



 

I hereby certify that this Bill originated in the House of Representatives and has been finally passed by the Senate and the House of Representatives.

 

 

 

Clerk of the House of Representatives

 

In the name of Her Majesty , I assent to this Act.

 

 

 

Governor-General

2005

 

(2/05)