A New Tax System (Income Tax Laws Amendment) Act 1999 (Cth)

A New Tax System (Income Tax Laws Amendment) Act 1999

No. 60, 1999

A New Tax System (Income Tax Laws Amendment) Act 1999

No. 60, 1999

An Act to implement A New Tax System by amending the law about income tax, and for related purposes

Contents 1 Short title................................... 2 Commencement............................... 3 Schedule(s)..................................

Schedule 1—Exempting from income tax bonus payments made to certain older Australians Income Tax Assessment Act 1997

Schedule 2—Abolition of the savings and investment income tax offset

Part 1—Amendment of the Income Tax Assessment Act 1997

Part 2—Consequential amendments of the Income Tax Assessment Act 1936

Schedule 3—Increase in rebates for low income aged persons and certain pensioners Income Tax Regulations

A New Tax System (Income Tax Laws Amendment) Act 1999

No. 60, 1999

An Act to implement A New Tax System by amending the law about income tax, and for related purposes

[Assented to 8 July 1999]

The Parliament of Australia enacts:

1 Short title

This Act may be cited as the A New Tax System (Income Tax Laws Amendment) Act 1999.

2 Commencement

(1) This Act commences, or is taken to have commenced: (a) after all the Acts listed in subsection (2) have received the Royal Assent; and (b) on the day after the last day on which any of those Acts received the Royal Assent.

(2) These are the Acts that must have received the Royal Assent for this Act to commence: (a) the A New Tax System (Goods and Services Tax) Act 1999; (b) the A New Tax System (Goods and Services Tax Administration) Act 1999; (c) the A New Tax System (Goods and Services Tax Imposition—Excise) Act 1999; (d) the A New Tax System (Goods and Services Tax Imposition—Customs) Act 1999; (e) the A New Tax System (Goods and Services Tax Imposition—General) Act 1999.