A NEW TAX SYSTEM (INCOME TAX LAWS AMENDMENT) ACT 1999 Table of Provisions Long Title 1 Short title 2 Commencement 3 Schedule(s) SCHEDULE 1--Exempting from income tax bonus payments made to certain older Australians SCHEDULE 2--Abolition of the savings and investment income tax offset SCHEDULE 3--Increase in rebates for low income aged persons and certain pensioners