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Taxation Laws Amendment (Software Depreciation) Bill 1999

1998-99

 

The Parliament of the

Commonwealth of Australia

 

HOUSE OF REPRESENTATIVES

 

 

 

 

Presented and read a first time

 

 

 

 

 

 

 

 

 

Taxation Laws Amendment (Software Depreciation) Bill 1999

 

No.      , 1999

 

(Treasury)

 

 

 

A Bill for 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

4............ Amendment of assessments............................................................... 2

Schedule 1—Amendments                                                                                                  3

Income Tax Assessment Act 1936                                                                               3

Income Tax Assessment Act 1997                                                                               3

 



A Bill for 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 Taxation Laws Amendment (Software Depreciation) Act 1999 .

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                   Each Act that is specified in a Schedule to this Act is amended or repealed as set out in the applicable items in the Schedule concerned, and any other item in a Schedule to this Act has effect according to its terms.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

                   Section 170 of the Income Tax Assessment Act 1936 does not prevent the amendment of an assessment made before the commencement of this section for the purposes of giving effect to this Act.