Pay-roll Tax Amendment (Supporting
Jobs and Small Business) Bill 2005

Explanatory note
This explanatory note relates to this Bill as introduced into Parliament.

Overview of Bill

The object of this Bill is to amend the Pay-roll Tax Act 1971 to increase the tax free
threshold for pay-roll tax from $600,000 to $850,000. The increase takes effect on
1 July 2007.

Outline of provisions

Clause 1 sets out the name (also called the short title) of the proposed Act.

Clause 2 provides for the commencement of the proposed Act on 1 July 2007.

Clause 3 is a formal provision that gives effect to the amendments to the Pay-roll
Tax Act 1971 set out in Schedule 1.

Schedule 1 Amendments
Schedule 1 [1]–[3] and [5]–[10] contain the amendments to increase the tax free
threshold for pay-roll tax from $600,000 to $850,000.

Schedule 1 [4] makes a consequential amendment to the provisions relating to
designation of group employers.

Schedule 1 [11] makes provision for savings and transitional regulations.

Note: If this Bill is not modified, these Explanatory Notes would reflect the Bill as passed in the House. If the Bill has been amended by Committee, these Explanatory Notes may not necessarily reflect the Bill as passed.

 

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