Scott Ryan (President) Share this | Hansard source

The question is that amendments (1), (2) and (17) to (19) on sheet 8441, circulated by Senator Storer, be agreed to.

Senator Storer's circulated 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.

(17) 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.

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

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