8439

2016-2017-2018

 

The Parliament of the

Commonwealth of Australia

 

THE SENATE

 

 

 

 

 

Treasury Laws Amendment (Enterprise Tax Plan No.  2) Bill 2017

 

 

(Amendment to be moved by Senator Hinch, on behalf of Derryn Hinch’s Justice Party, in committee of the whole)

(1)     Clause  2 , pages 2 and 3 (table), omit the table, substitute:

 

Commencement information
Column 1	Column 2	Column 3
Provisions	Commencement	Date/Details
1.  Sections 1 to 3 and anything in this Act not elsewhere covered by this table	The day this Act receives the Royal Assent .
2.  Schedule 1, Part 1	1 July 2019.	1 July 2019
3.  Schedule 1, Part 2	1 July 2020.	1 July 2020
4.  Schedule 1, Part 3	1 July 2021.	1 July 2021
5.  Schedule 1, Part 9	The day this Act receives the Royal Assent .
6.  Schedule 3, Part 1	1 July 2023.	1 July 2023
7.  Schedule 3, Part 2	1 July 2024.	1 July 2024
8.  Schedule 3, Part 3	1 July 2025.	1 July 2025
9.  Schedule 3, Part 4	1 July 2026.	1 July 2026

 

[consequential—corporate tax rate]

(2)     Schedule  1 , Part  4 , page 7 (lines 1 to 4) , to be opposed .

[corporate tax rate]

(3)     Schedule  1 , Part  5 , page 8 (line 1) to page 9 (line 20) , to be opposed .

[corporate tax rate]

(4)     Schedule  1 , Part  6 , page 10 (lines 1 to 18) , to be opposed .

[corporate tax rate]

(5)     Schedule  1 , Part  7 , page 11 (lines 1 to 18) , to be opposed .

[corporate tax rate]

(6)     Schedule  1 , Part  8 , page 12 (lines 1 to 18) , to be opposed .

[corporate tax rate]

(7)     Schedule  1 , item  41 , page 13 (lines 12 to 25) , omit subitems ( 4 ) to ( 8 ).

[consequential—corporate tax rate]

(8)     Schedule  2 , page 14 (line 1) to page 18 (line 4) , to be opposed .

[consequential—corporate tax rate]

(9)     Schedule  3 , page 19 (line 4) , omit the heading.

[consequential—corporate tax rate]

(10)   Schedule  3 , item  1 , page 19 (lines 5 to 15) , omit the item.

[consequential—corporate tax rate]

(11)   Schedule 3, item 2, page 19 (line 19), after “Company A”, insert “(which is a base rate entity)”.

[consequential—corporate tax rate]

(12)   Schedule 3, item 3, page 20 (line 12), after “Company E”, insert “(which is a base rate entity)”.

[consequential—corporate tax rate]

(13)   Schedule  3 , page 20 (after line 23) , after item  3 , insert:

3A  Subsection 36-55(2) (example)

After “company E”, insert “(which is a base rate entity)”.

[consequential—corporate tax rate]

(14)   Schedule  3 , items  6 and 7 , page 20 (line 28) to page 21 (line 8) , omit the items.

[consequential—corporate tax rate]

(15)   Schedule 3, item 8, page 21 (line 11), after “company”, insert “(which is a base rate entity)”.

[consequential—corporate tax rate]

(16)   Schedule 3, item 9, page 22 (line 5), after “Company A”, insert “(which is a base rate entity)”.

[consequential—corporate tax rate]

(17)   Schedule 3, item 10, page 22 (line 30), after “Company E”, insert “(which is a base rate entity)”.

[consequential—corporate tax rate]

(18)   Schedule  3 , items  13 and 14 , page 23 (lines 13 to 16) , omit the items.

[consequential—corporate tax rate]

(19)   Schedule 3, item 15, page 23 (line 19), after “company”, insert “(which is a base rate entity)”.

[consequential—corporate tax rate]

(20)   Schedule 3, item 16, page 24 (line 5), after “Company A”, insert “(which is a base rate entity)”.

[consequential—corporate tax rate]

(21)   Schedule 3, item 17, page 24 (line 30), after “Company E”, insert “(which is a base rate entity)”.

[consequential—corporate tax rate]

(22)   Schedule  3 , items  20 and 21 , page 25 (lines 13 to 16) , omit the items.

[consequential—corporate tax rate]

(23)   Schedule 3, item 22, page 25 (line 19), after “company”, insert “(which is a base rate entity)”.

[consequential—corporate tax rate]

(24)   Schedule 3, item 23, page 26 (line 5), after “Company A”, insert “(which is a base rate entity)”.

[consequential—corporate tax rate]

(25)   Schedule 3, item 24, page 26 (line 30), after “Company E”, insert “(which is a base rate entity)”.

[consequential—corporate tax rate]

(26)   Schedule  3 , items  27 and 28 , page 27 (lines 13 to 16) , omit the items.

[consequential—corporate tax rate]

(27)   Schedule 3, item 29, page 27 (line 19), after “company”, insert “(which is a base rate entity)”.

[consequential—corporate tax rate]

(28)   Schedule  4 , page 28 (line 1) to page 29 (line 9) , to be opposed .

[corporate tax rate]