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A New Tax System (Personal Income Tax Cuts) Bill 1999
A New Tax System (Personal Income Tax Cuts) Bill 1998

1998

 

The Parliament of the

Commonwealth of Australia

 

HOUSE OF REPRESENTATIVES

 

 

 

 

Presented and read a first time

 

 

 

 

 

 

 

 

 

A New Tax System (Personal Income Tax Cuts) Bill 1998

 

No.      , 1998

 

(Treasury)

 

 

 

A Bill for an Act to implement A New Tax System by reducing personal income tax rates and increasing family tax assistance, and for other purposes

   

   



Contents

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

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

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

Schedule 1—Amendment of the Income Tax Rates Act 1986                     3

Schedule 2—Consequential amendments of other Acts                                  7

Income Tax Assessment Act 1936                                                                               7

Income Tax Assessment Act 1997                                                                               7

Schedule 3—Application                                                                                                     8

 



A Bill for an Act to implement A New Tax System by reducing personal income tax rates and increasing family tax assistance, and for other purposes

The Parliament of Australia enacts:

1   Short title

                   This Act may be cited as the A New Tax System (Personal Income Tax Cuts) Act 1998 .

2   Commencement

             (1)  This Act commences, or is taken to have commenced:

                     (a)  after all the Acts listed in subsection (2) have received the Royal Assent; and

                     (b)  on the day after the last day on which any of those Acts received the Royal Assent.

             (2)  These are the Acts that must have received the Royal Assent for this Act to commence:

                     (a)  the A New Tax System (Goods and Services Tax) Act 1998 ;

                     (b)  the A New Tax System (Goods and Services Tax Administration) Act 1998 ;

                     (c)  the A New Tax System (Goods and Services Tax Imposition—Excise) Act 1998 ;

                     (d)  the A New Tax System (Goods and Services Tax Imposition—Customs) Act 1998 ;

                     (e)  the A New Tax System (Goods and Services Tax Imposition—General) Act 1998 .

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.