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Tax Laws Amendment (Personal Income Tax Reduction) Bill 2005

 

 

 

 

 

 

Tax Laws Amendment (Personal Income Tax Reduction) Act 2005

 

No. 101, 2005

 

 

 

 

 

An Act to reduce personal income tax, and for other purposes

   

   



Contents

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

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

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

4............ Application......................................................................................... 2

Schedule 1—Amendments                                                                                                  3

Income Tax Rates Act 1986                                                                                         3

Medicare Levy Act 1986                                                                                              4

 



 

 

Tax Laws Amendment (Personal Income Tax Reduction) Act 2005

No. 101, 2005

 

 

 

An Act to reduce personal income tax, and for other purposes

[ Assented to 12 August 2005 ]

The Parliament of Australia enacts:

1   Short title

                   This Act may be cited as the Tax Laws Amendment (Personal Income Tax Reduction) 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                   Each Act that is specified in a Schedule to this Act is amended or repealed as set out in the applicable items in the Schedule concerned, and any other item in a Schedule to this Act has effect according to its terms.

4   Application

                   The amendments made by Schedule 1 apply to assessments for the 2005-2006 year of income and later years of income.