

1998-99
The Parliament of the
Commonwealth of Australia
HOUSE OF REPRESENTATIVES
Presented and read a first time
A New Tax System (Closely Held Trusts) Bill 1999
No. , 1999
(Treasury)
A Bill for an Act to implement A New Tax System by amending the income tax law in respect of certain closely held trusts, and for related purposes
Contents
1............ Short title............................................................................................. 1
2............ Commencement................................................................................... 1
3............ Schedule(s)......................................................................................... 2
Schedule 1—Basic amendments 3
Income Tax Assessment Act 1936 3
Schedule 2—Consequential amendments 21
Part 1—Income Tax Assessment Act 1936 21
Part 2—Income Tax Assessment Act 1997 25
Part 3—Superannuation Contributions Tax (Assessment and Collection) Act 1997 26
A Bill for an Act to implement A New Tax System by amending the income tax law in respect of certain closely held trusts, and for related purposes
The Parliament of Australia enacts:
1 Short title
This Act may be cited as the A New Tax System (Closely Held Trusts) 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Each Act that is specified in a Schedule to this Act is amended or repealed as set out in the applicable items in the Schedule concerned, and any other item in a Schedule to this Act has effect according to its terms.