Commonwealth Numbered Acts

INSOLVENCY (TAX PRIORITIES) LEGISLATION AMENDMENT ACT 1993 No. 32 of 1993 - SCHEDULE 1

                            SCHEDULE 1                    Section 29

AMENDMENTS OF ACTS CONSEQUENT ON THIS ACT
Bankruptcy Act 1966
Subsection 109 (1): Omit everything before "applying" (first occurring),
substitute "Subject to this Act, the trustee must, before".
After subsection 109 (1): Insert:

"(1A) Subsection (1) has effect subject to:

   (a)  section 50 of the Child Support (Registration and Collection) Act
        1988; and

   (b)  section 221P, subsections 221YHJ (3), (4) and (5) and 221YHZD (3), (4)
        and (5) and section 221YU of the Income Tax Assessment Act  1936 .
        Note: The provisions of the Income Tax Assessment Act 1936 referred to
        do not apply to liabilities arising after 30 June 1993.".
Paragraph 122 (4) (b): Omit the paragraph, substitute:

"(b) a payment of tax, or of any other amount payable to the Commonwealth, or
to the Commissioner of Taxation, under or because of an Act of which the
Commissioner has the general administration, is taken to be made for valuable
consideration and in the ordinary course of business; and".
Subsection 122 (7): Omit the subsection, substitute:

"(7) In this section:
'tax' means tax (however described) payable under a law of the Commonwealth or
of a State or Territory, and includes, for example, a levy, a charge, and
municipal or other rates.".
Subsection 123 (5): Omit the subsection.
Child Support (Registration and Collection) Act 1988
Subsection 50 (2): Add at the end the following note:

"Note: The subsections of the Income Tax Assessment Act 1936 referred to in
paragraphs (a) and (b) do not apply to liabilities arising after 30 June
1993.".
Crimes (Taxation Offences) Act 1980
Subsection 3 (1) (paragraphs (a), (aa), (b), (c), (ca), (d), (e) and (g) of
the definition of "income tax"): Add at the end "and".
Subsection 3 (1) (definition of "income tax"): Add at the end:

"(h) an amount payable to the Commissioner under Division 8 or 9 of Part VI of
the Income Tax Assessment Act;".
Crown Debts (Priority) Act 1981
Section 4: Omit ", 221YHJ, 221YZD or", substitute ", subsections 221YHJ (3),
(4) and (5) or 221YHZD (3), (4) and (5) or section".
After section 4: Add:

"Note: The provisions of the Income Tax Assessment Act 1936 referred to do not
apply to liabilities arising after 30 June 1993.".
Life Insurance Policy Holders' Protection 
Levies Collection Act 1991 
Subsection 32 (1): Add at the end the following note:

"Note: The subsections of the Income Tax Assessment Act 1936 referred to in
paragraphs (a) and (b) do not apply to liabilities arising after 30 June
1993.".