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This is a Bill, not an Act. For current law, see the Acts databases.
2016-2017
The Parliament of the
Commonwealth of Australia
HOUSE OF REPRESENTATIVES
Presented and read a first time
Treasury Laws Amendment (Untainting
Tax) (National Disability Insurance
Scheme Funding) Bill 2017
No. , 2017
(Treasury)
A Bill for an Act to amend the Income Tax
Assessment Act 1997, and for related purposes
No. , 2017
Treasury Laws Amendment (Untainting Tax) (National Disability
Insurance Scheme Funding) Bill 2017
i
Contents
1
Short title ........................................................................................... 1
2
Commencement ................................................................................. 1
3
Schedules ........................................................................................... 2
Schedule 1--Amendments
3
Income Tax Assessment Act 1997
3
No. , 2017
Treasury Laws Amendment (Untainting Tax) (National Disability
Insurance Scheme Funding) Bill 2017
1
A Bill for an Act to amend the Income Tax
1
Assessment Act 1997, and for related purposes
2
The Parliament of Australia enacts:
3
1 Short title
4
This Act is the Treasury Laws Amendment (Untainting Tax)
5
(National Disability Insurance Scheme Funding) Act 2017.
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2 Commencement
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(1) Each provision of this Act specified in column 1 of the table
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commences, or is taken to have commenced, in accordance with
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column 2 of the table. Any other statement in column 2 has effect
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according to its terms.
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12
2
Treasury Laws Amendment (Untainting Tax) (National Disability
Insurance Scheme Funding) Bill 2017
No. , 2017
Commencement information
Column 1
Column 2
Column 3
Provisions
Commencement
Date/Details
1. The whole of
this Act
At the same time as Schedule 1 to the
Medicare Levy Amendment (National
Disability Insurance Scheme Funding) Act
2017 commences.
However, the provisions do not commence
at all if that Schedule does not commence.
Note:
This table relates only to the provisions of this Act as originally
1
enacted. It will not be amended to deal with any later amendments of
2
this Act.
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(2) Any information in column 3 of the table is not part of this Act.
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Information may be inserted in this column, or information in it
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may be edited, in any published version of this Act.
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3 Schedules
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Legislation that is specified in a Schedule to this Act is amended or
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repealed as set out in the applicable items in the Schedule
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concerned, and any other item in a Schedule to this Act has effect
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according to its terms.
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Amendments Schedule 1
No. , 2017
Treasury Laws Amendment (Untainting Tax) (National Disability
Insurance Scheme Funding) Bill 2017
3
Schedule 1--Amendments
1
2
Income Tax Assessment Act 1997
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1 Subsection 197-60(3) (subparagraph (b)(ii) of the definition
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of applicable tax rate)
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Omit "3%", substitute "3.5%".
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2 Subsection 197-60(3) (note)
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Omit "3%", substitute "3.5%".
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3 Application of amendments
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The amendments made by this Schedule apply to the 2019-20 income
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year and later income years.
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