Federal Register of Legislation
A New Tax System (Medicare Levy Surcharge—Fringe Benefits) Amendment Act 2000
No. 53, 2000
A New Tax System (Medicare Levy Surcharge—Fringe Benefits) Amendment Act 2000
No. 53, 2000
An Act to amend the A New Tax System (Medicare Levy Surcharge—Fringe Benefits) Act 1999, and for related purposes
Contents 1 Short title................................... 2 Commencement............................... 3 Schedule(s)..................................
Schedule 1—A New Tax System (Medicare Levy Surcharge—Fringe Benefits) Act 1999
A New Tax System (Medicare Levy Surcharge—Fringe Benefits) Amendment Act 2000
No. 53, 2000
An Act to amend the A New Tax System (Medicare Levy Surcharge—Fringe Benefits) Act 1999, and for related purposes
[Assented to 30 May 2000]
The Parliament of Australia enacts:
1 Short title
This Act may be cited as the A New Tax System (Medicare Levy Surcharge—Fringe Benefits) Amendment Act 2000.
2 Commencement
This Act commences on the day on which it receives the Royal Assent.
3 Schedule(s)
Each Act that is specified in a Schedule to this Act is amended or repealed as set out in the applicable items in the Schedule concerned, and any other item in a Schedule to this Act has effect according to its terms.
Schedule 1—A New Tax System (Medicare Levy Surcharge—Fringe Benefits) Act 1999
1 Subsections 11(2) and (3) Repeal the subsections.
2 At the end of section 15 Add:
Special rule if person's spouse is a presently entitled beneficiary in a trust estate
(2) In working out whether subsection (1) applies to a person whose spouse is a beneficiary presently entitled to a share in the net income of a trust estate in respect of which the trustee is liable to be assessed under section 98 of the Assessment Act, assume that: (a) the spouse's taxable income included that share; and (b) subsection 271‑105(1) in Schedule 2F to that Act did not apply in working out the net income of the trust estate.
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