House debates

Wednesday, 23 May 2018

Bills

Treasury Laws Amendment (Personal Income Tax Plan) Bill 2018; Consideration in Detail

6:26 pm

Photo of Chris BowenChris Bowen (McMahon, Australian Labor Party, Shadow Treasurer) Share this | Hansard source

My apologies, Mr Deputy Speaker; I thought I had. I move the amendments:

(1) Clause 2, page 2 (table item 3), omit the table item.

(2) Clause 2, page 2 (table items 5 and 6), omit the table items.

(3) Schedule 1, heading, page 3 (line 2), omit "and Low Income tax offset".

(4) Schedule 1, item 1, page 3 (lines 7 and 8), omit "and Low Income tax offset".

(5) Schedule 1, item 1, page 3 (lines 24 and 25), omit "2018-19, 2019-20, 2020-21 or 2021-22 income year", substitute "2018-19 income year or a later income year".

(6) Schedule 1, item 1, page 4 (lines 5 and 6), omit "2018-19, 2019-20, 2020-21 or 2021-22 income year", substitute "2018-19 income year or a later income year".

(7) Schedule 1, item 1, page 4 (lines 17 and 18), omit the note.

(12) Schedule 1, item 1, page 6 (line 10) to page 8 (line 12), omit sections 61-110 and 61-115.

(13) Schedule 1, page 9 (line 12), omit the heading.

(14) Schedule 1, item 5, page 9 (lines 13 to 18), omit the item.

(15) Schedule 1, item 6, page 9 (lines 20 to 22), omit the item, substitute:

6 Section 13 -1 (table item headed " low income earner " )

Omit:

substitute:

(16) Schedule 1, item 7, page 10 (lines 1 to 4), omit the item.

(17) Schedule 1, page 10 (line 5), omit the heading.

(18) Schedule 1, items 8 and 9, page 10 (lines 6 to 15), omit the items.

(19) Schedule 1, Part 3, page 11 (line 1) to page 12 (line 16), omit the Part.

(20) Schedule 2, Part 1, page 13 (starting at line 2), omit the Part, substitute:

Part 1—Main amendments

Income Tax Rates Act 1986

1 Clause 1 of Part I of Schedule 7 (table item 2, column headed " For the part of the ordinary taxable income of the taxpayer that: " )

Omit "$87,000", substitute "$90,000".

2 Clause 1 of Part I of Schedule 7 (table item 3, column headed " For the part of the ordinary taxable income of the taxpayer that: " )

Omit "$87,000", substitute "$90,000".

3 Clause 1 of Part II of Schedule 7 (table item 1, column headed " For the part of the ordinary taxable income of the taxpayer that: " )

Omit "$87,000", substitute "$90,000".

4 Clause 1 of Part II of Schedule 7 (table item 2, column headed " For the part of the ordinary taxable income of the taxpayer that: " )

Omit "$87,000", substitute "$90,000".

5 Clause 4 of Part II of Schedule 7 (example)

Repeal the example.

6 Clause 1 of Part III of Schedule 7 (table item 2, column headed " For the part of the taxpayer ' s working holiday taxable income that: " )

Omit "$87,000", substitute "$90,000".

7 Clause 1 of Part III of Schedule 7 (table item 3, column headed " For the part of the taxpayer ' s working holiday taxable income that: " )

Omit "$87,000", substitute "$90,000".

8 Application

The amendments made by this Part apply to the 2018-19 year of income and later years of income.

(21) Schedule 2, items 10 to 12, page 18 (lines 3 to 12), omit the items.

(22) Schedule 2, items 15 and 16, page 18 (line 22) to page 19 (line 3), omit the items.

(23) Schedule 2, Part 3, page 20 (line 1) to page 21 (line 12), omit the Part.

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