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This is a Bill, not an Act. For current law, see the Acts databases.
1998-99
The Parliament of
the
Commonwealth of
Australia
HOUSE OF
REPRESENTATIVES
Presented and read a first
time
Income Tax
Rates Amendment (RSAs Provided by Registered Organizations) Bill
1999
No. ,
1999
(Treasury)
A Bill
for an Act to amend the Income Tax Rates Act 1986
ISBN: 0642
390827
Contents
A Bill for an Act to amend the Income Tax Rates Act
1986
The Parliament of Australia enacts:
This Act may be cited as the Income Tax Rates Amendment (RSAs Provided
by Registered Organizations) Act 1999.
This Act commences on the date that is the transfer date for the purposes
of the Financial Sector Reform (Amendments and Transitional Provisions) Act
(No. 1) 1999.
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repealed as set out in the applicable items in the Schedule concerned, and any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.
1 Subsection 3(1)
Insert:
RSA category A component has the same meaning as in Division
8A of Part III of the Assessment Act.
2 Subsection 3(1)
Insert:
RSA category B component has the same meaning as in Division
8A of Part III of the Assessment Act.
3 Subsection 3(1)
Insert:
RSA combined component has the same meaning as in Division 8A
of Part III of the Assessment Act.
4 At the end of paragraph
23(4)(a)
Add “and”.
5 After paragraph 23(4)(b)
Insert:
(ba) in respect of the RSA category A component of the RSA combined
component—15%; and
(bb) in respect of the RSA category B component of the RSA combined
component—36%; and
6 Subsection 23(4BA)
Omit “, other than a life assurance company”, substitute
“(other than a life assurance company or a registered
organization)”.