Title A New Tax System (Closely Held Trusts) Bill 1999
Database Bills & Legislation
Long Title 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
Date 13-05-1999 12:00 AM
Source House of Reps
Parl No. 39
Bill Number 1999/084
Bill Type Government
Portfolio Treasurer's portfolio
Reps Bill Code T
Status Act
System Id legislation/bills/r811_first/0000


A New Tax System (Closely Held Trusts) Bill 1999
</head> <body lang="EN-AU" xml:lang="EN-AU"> <div class="WordSection1"> <p class="MsoNormal"><span style="font-size:14.0pt">1998‑99</span></p> <p class="MsoNormal"><span style="font-size:14.0pt"> </span></p> <p class="MsoNormal"><span style="font-size:14.0pt">The Parliament of the</span></p> <p class="MsoNormal"><span style="font-size:14.0pt">Commonwealth of Australia</span></p> <p class="MsoNormal"><span style="font-size:14.0pt"> </span></p> <p class="MsoNormal"><span style="font-size:14.0pt">HOUSE OF REPRESENTATIVES</span></p> <p class="MsoNormal"> </p> <p class="MsoNormal"> </p> <p class="MsoNormal"> </p> <p class="MsoNormal"> </p> <p class="MsoNormal"><i><span style="font-size:10.0pt">Presented and read a first time</span></i></p> <p class="MsoNormal"><span style="font-size:9.5pt"> </span></p> <p class="MsoNormal"><span style="font-size:9.5pt"> </span></p> <p class="MsoNormal"><span style="font-size:9.5pt"> </span></p> <p class="MsoNormal"><span style="font-size:9.5pt"> </span></p> <p class="MsoNormal"><span style="font-size:9.5pt"> </span></p> <p class="MsoNormal"><span style="font-size:9.5pt"> </span></p> <p class="MsoNormal"><span style="font-size:9.5pt"> </span></p> <p class="MsoNormal"><span style="font-size:9.5pt"> </span></p> <p class="MsoNormal"><span style="font-size:9.5pt"> </span></p> <p class="ShortT">A New Tax System (Closely Held Trusts) Bill 1999</p> <p class="MsoNormal"> </p> <p class="Actno">No.      , 1999</p> <p class="MsoNormal"> </p> <p class="MsoNormal"><i><span style="font-size:10.0pt">(Treasury)</span></i></p> <p class="MsoNormal"> </p> <p class="MsoNormal"> </p> <p class="MsoNormal"> </p> <p class="LongT">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</p> <p class="MsoHeader"><span class="CharAmSchNo"> </span><span class="CharAmSchText"> </span></p> <p class="MsoHeader"><span class="CharAmPartNo"> </span><span class="CharAmPartText"> </span></p> </div> <span style="font-size:11.0pt;font-family:"Times","serif""><br clear="all" style="page-break-before:always"/></span> <div class="WordSection2"> <p class="MsoNormal"><span style="font-size:18.0pt">Contents</span></p> <p class="MsoToc5">1............ Short title............................................................................................. 1</p> <p class="MsoToc5">2............ Commencement................................................................................... 1</p> <p class="MsoToc5">3............ Schedule(s)......................................................................................... 2</p> <p class="MsoToc6">Schedule 1—Basic amendments<span style="font-size:9.0pt; font-weight:normal">                                                                                   </span> <span style="font-size:9.0pt;font-weight:normal">3</span></p> <p class="MsoToc9">Income Tax Assessment Act 1936<span style="font-size:9.0pt; font-style:normal">                                                                             </span> <span style="font-size:9.0pt;font-style:normal">3</span></p> <p class="MsoToc6">Schedule 2—Consequential amendments<span style="font-size: 9.0pt;font-weight:normal">                                                             </span> <span style="font-size:9.0pt;font-weight:normal">21</span></p> <p class="MsoToc7">Part 1—Income Tax Assessment Act 1936<span style="font-size: 9.0pt">                                                    </span> <span style="font-size:9.0pt">21</span></p> <p class="MsoToc7">Part 2—Income Tax Assessment Act 1997<span style="font-size: 9.0pt">                                                    </span> <span style="font-size:9.0pt">25</span></p> <p class="MsoToc7">Part 3—Superannuation Contributions Tax (Assessment and Collection) Act 1997<span style="font-size:9.0pt">       </span> <span style="font-size:9.0pt">26</span></p> <p class="MsoNormal"> </p> </div> <span style="font-size:11.0pt;font-family:"Times","serif""><br clear="all" style="page-break-before:always"/></span> <div class="WordSection3"> <p class="Page1">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</p> <p class="MsoNormal" style="margin-top:12.0pt;line-height:normal"> <span style="font-size:16.0pt">The Parliament of Australia enacts:</span></p> <opc-section depth="0" ref="d87f1b163039481dbe32975b9aff7079" title="1  Short title"><a name="d87f1b163039481dbe32975b9aff7079"/><h5><a name="_Toc318795567"/><a name="_Toc450722652"/><a name="_Toc450722477"/><a name="_Toc450545461"/><a name="_Toc450539739"/><a name="_Toc450539126"/><a name="_Toc450535740"/><a name="_Toc450449366"/><a name="_Toc450381975"/><a name="_Toc450036059"/><a name="_Toc449955994"/><a name="_Toc443716792"/><a name="_Toc440447119"/><a name="_Toc440443123"/><a name="_Toc439047441"/><a name="_Toc439047411"/><a name="_Toc437408108"/><a name="_Toc317251939"/><a name="_Toc317143067"/><a name="_Toc313693988"/><a name="_Toc313538257"><span class="CharSectno">1</span>  Short title</a></h5> <p class="Subsection">                    This Act may be cited as the <i>A New Tax System (Closely Held Trusts) Act 1999</i>.</p> </opc-section><opc-section depth="0" ref="cd8ec940994740ca9c73292330fe13c5" title="2  Commencement"><a name="cd8ec940994740ca9c73292330fe13c5"/><h5><a name="_Toc450722653"/><a name="_Toc450722478"/><a name="_Toc450545462"/><a name="_Toc450539740"/><a name="_Toc450539127"/><a name="_Toc450535741"/><a name="_Toc450449367"/><a name="_Toc450381976"/><a name="_Toc450036060"/><a name="_Toc449955995"/><a name="_Toc443716793"/><a name="_Toc440447120"/><a name="_Toc440443124"/><a name="_Toc439047442"/><a name="_Toc439047412"/><a name="_Toc437408109"><span class="CharSectno">2</span>  Commencement</a></h5> <p class="Subsection">                    This Act commences on the day on which it receives the Royal Assent.</p> </opc-section><opc-section depth="0" ref="464e94c20ebb45e1b5eb5c606e3116bd" title="3  Schedule(s)"><a name="464e94c20ebb45e1b5eb5c606e3116bd"/><h5><a name="_Toc450722654"/><a name="_Toc450722479"/><a name="_Toc450545463"/><a name="_Toc450539741"/><a name="_Toc450539128"/><a name="_Toc450535742"/><a name="_Toc450449368"/><a name="_Toc450381977"/><a name="_Toc450036061"/><a name="_Toc449955996"/><a name="_Toc443716794"/><a name="_Toc440447121"/><a name="_Toc440443125"/><a name="_Toc439047443"/><a name="_Toc439047413"/><a name="_Toc437408110"/><a name="_Toc320629809"/><a name="_Toc320629674"/><a name="_Toc320629620"/><a name="_Toc320629539"/><a name="_Toc318795379"/><a name="_Toc317653190"/><a name="_Toc313695429"/><a name="_Toc313692955"/><a name="_FOPNextObject"/><span class="CharSectno">3</span>  Schedule(s)</h5> <p class="Subsection">                    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.</p> <span style="font-size:1.0pt;font-family:"Times","serif""><br clear="all" style="page-break-before:always"/></span> <p class="PageBreak"> </p> </opc-section><?DMS-Include seriesId="803a5e92-c825-4873-a172-ddf9c94d50bb"?><?DMS-Include seriesId="f6664b08-b353-e096-fc96-bb8c3d9574d4"?></div> </body> </div></div></body></html>