David Bradbury (Lindsay, Australian Labor Party, Assistant Treasurer ) Share this | Link to this | Hansard source

by leave—I present a supplementary exploratory memorandum to the bill and move government amendments (1) to (7) as circulated together:

(1) Clause 2, page 1 (lines 7 to 9), omit the clause, substitute:

2 Commencement

(1) Each provision of this Act specified in column 1 of the table commences, or is taken to have commenced, in accordance with column 2 of the table. Any other statement in column 2 has effect according to its terms.

Note: This table relates only to the provisions of this Act as originally enacted. It will not be amended to deal with any later amendments of this Act.

(2) Any information in column 3 of the table is not part of this Act. Information may be inserted in this column, or information in it may be edited, in any published version of this Act.

(2) Schedule 1, page 3 (after line 2), after the Schedule heading, insert:

Part 1—Amendments applying from the 2012-13 year of income

(3) Schedule 1, page 3 (after line 11), after item 2, insert:

2A Paragraph 15(2)(b)

Omit "$732", substitute "$663".

(4) Schedule 1, page 3 (after line 22), after item 4, insert:

4A Paragraph 15(4)(d)

Omit "$732", substitute "$663".

(5) Schedule 1, page 3 (after line 28), after item 5, insert:

5A Paragraph 15(6)(b)

Omit "$732", substitute "$663".

(6) Schedule 1, item 8, page 4 (line 8), omit "this Schedule", substitute "this Part".

(7) Schedule 1, page 4 (after line 9), at the end of the Schedule, add:

Part 2—Amendments applying from the 2015-16 year of income

Income Tax Rates Act 1986

9 Paragraphs 15(2)(b), (4)(d) and (6)(b)

Omit "$663", substitute "$653".

10 Application provision

The amendments made by this Part apply to the 2015-16 year of income and later years of income.

Question agreed to.

Bill, as amended, agreed to.

Ordered that this bill be reported to the House with amendments.

Federation Chamber adjourned at 19:51