A NEW TAX SYSTEM (PERSONAL INCOME TAX CUTS) ACT 1999 NO. 69, 1999 - SCHEDULE 2

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A NEW TAX SYSTEM (PERSONAL INCOME TAX CUTS) ACT 1999 NO. 69, 1999 - SCHEDULE 2

- Consequential amendments of other Acts

Income Tax Assessment Act 1936

1 Amendment of listed provisions

Each of the following provisions is amended by omitting "$5,400" (wherever occurring) and substituting "$6,000":

Subsection 23AF(17E) (definition of tax free threshold increase )
Subsection 23AG(5B) (definition of tax free threshold increase )
Paragraph 221YDA(1)(g)
Subparagraph 221YDA(2)(a)(iv)

Income Tax Assessment Act 1997

2 Paragraph 388-55(2)(a)

Omit "$20,700", substitute "$20,000".

3 Paragraphs 388-60(1)(a) and (b)

Omit "34%", substitute "30%".

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