Senate debates Bills
Treasury Laws Amendment (Personal Income Tax Plan) Bill 2018
Scott Ryan President
7:15 pm
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.
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