Commonwealth of Australia Bills
[Index]
[Search]
[Download]
[Related Items]
[Help]
This is a Bill, not an Act. For current law, see the Acts databases.
TAX BONUS FOR WORKING AUSTRALIANS (CONSEQUENTIAL AMENDMENTS) BILL (NO. 2) 2009
2008-2009
The Parliament of the
Commonwealth of Australia
HOUSE OF REPRESENTATIVES
Presented and read a first time
Tax Bonus for Working Australians
(Consequential Amendments) Bill (No. 2)
2009
No. , 2009
(Treasury)
A Bill for an Act to make amendments
consequential on the enactment of the Tax Bonus
for Working Australians Act (No. 2) 2009, and for
related purposes
i Tax Bonus for Working Australians (Consequential Amendments) Bill (No. 2) 2009 No.
, 2009
Contents
1
Short title ........................................................................................... 1
2
Commencement ................................................................................. 1
3
Schedule(s) ........................................................................................ 2
Schedule 1--Amendments
3
Income Tax Assessment Act 1936
3
Income Tax Assessment Act 1997
3
Social Security Act 1991
3
Taxation Administration Act 1953
3
Veterans' Entitlements Act 1986
4
Tax Bonus for Working Australians (Consequential Amendments) Bill (No. 2) 2009 No. ,
2009 1
A Bill for an Act to make amendments
1
consequential on the enactment of the Tax Bonus
2
for Working Australians Act (No. 2) 2009, and for
3
related purposes
4
The Parliament of Australia enacts:
5
1 Short title
6
This Act may be cited as the Tax Bonus for Working Australians
7
(Consequential Amendments) Act (No. 2) 2009.
8
2 Commencement
9
(1) Each provision of this Act specified in column 1 of the table
10
commences, or is taken to have commenced, in accordance with
11
column 2 of the table. Any other statement in column 2 has effect
12
according to its terms.
13
2 Tax Bonus for Working Australians (Consequential Amendments) Bill (No. 2) 2009
No. , 2009
1
Commencement information
Column 1
Column 2
Column 3
Provision(s)
Commencement
Date/Details
1. Sections 1 to 3
and anything in
this Act not
elsewhere covered
by this table
The day on which this Act receives the
Royal Assent.
2. Schedule 1
At the same time as the Tax Bonus for
Working Australians Act (No. 2) 2009
commences.
Note:
This table relates only to the provisions of this Act as originally
2
passed by both Houses of the Parliament and assented to. It will not be
3
expanded to deal with provisions inserted in this Act after assent.
4
(2) Column 3 of the table contains additional information that is not
5
part of this Act. Information in this column may be added to or
6
edited in any published version of this Act.
7
3 Schedule(s)
8
Each Act that is specified in a Schedule to this Act is amended or
9
repealed as set out in the applicable items in the Schedule
10
concerned, and any other item in a Schedule to this Act has effect
11
according to its terms.
12
13
Amendments Schedule 1
Tax Bonus for Working Australians (Consequential Amendments) Bill (No. 2) 2009 No. ,
2009 3
1
Schedule 1
--
Amendments
2
3
Income Tax Assessment Act 1936
4
1 Subsection 159J(6) (at the end of the definition of separate
5
net income)
6
Add:
7
; and (d) does not include tax bonus paid in accordance with the Tax
8
Bonus for Working Australians Act (No. 2) 2009.
9
Income Tax Assessment Act 1997
10
2 Section 11-
55 (after table item headed "superannuation")
11
Insert:
12
tax bonus
payments in accordance with the Tax Bonus for Working
Australians Act (No. 2) 2009 ........................................
59-45
3 At the end of Division 59
13
Add:
14
59-45 Tax bonus for the 2007-08 income year
15
A tax bonus paid in accordance with the Tax Bonus for Working
16
Australians Act (No. 2) 2009 is not assessable income and is not
17
*
exempt income.
18
Social Security Act 1991
19
4 After paragraph 8(8)(y)
20
Insert:
21
(yaa) a tax bonus (within the meaning of the Tax Bonus for
22
Working Australians Act (No. 2) 2009);
23
Taxation Administration Act 1953
24
5 Subsection 8AAB(5) (after table item 18)
25
Schedule 1 Amendments
4 Tax Bonus for Working Australians (Consequential Amendments) Bill (No. 2) 2009
No. , 2009
Insert:
1
18A
9
Tax Bonus for Working Australians Act
(No. 2) 2009
6 Section 8AAZA (paragraph (a) of the definition of credit)
2
After "the Product Grants and Benefits Administration Act 2000", insert
3
", the Tax Bonus for Working Australians Act (No. 2) 2009".
4
7 Subsection 250-10(2) in Schedule 1 (after table item 140)
5
Insert:
6
142
tax bonus
overpayments
subsection 8(3)
Tax Bonus for Working
Australians Act (No. 2)
2009
Veterans' Entitlements Act 1986
7
8 After paragraph 5H(8)(zza)
8
Insert:
9
(zzaaa) a tax bonus (within the meaning of the Tax Bonus for
10
Working Australians Act (No. 2) 2009);
11