[Index] [Search] [Download] [Related Items] [Help]
This is a Bill, not an Act. For current law, see the Acts databases.
2013-2014
The Parliament of the
Commonwealth of Australia
HOUSE OF REPRESENTATIVES
Presented and read a first time
Trust Recoupment Tax Amendment
(Temporary Budget Repair Levy) Bill
2014
No. , 2014
(Treasury)
A Bill for an Act to amend the Trust Recoupment
Tax Act 1985, and for related purposes
No. , 2014
Trust Recoupment Tax Amendment (Temporary Budget Repair Levy)
Bill 2014
i
Contents
1
Short title ........................................................................................... 1
2
Commencement ................................................................................. 1
3
Schedule(s) ........................................................................................ 2
Schedule 1--Temporary budget repair levy
3
Trust Recoupment Tax Act 1985
3
No. , 2014
Trust Recoupment Tax Amendment (Temporary Budget Repair Levy)
Bill 2014
1
A Bill for an Act to amend the Trust Recoupment
1
Tax Act 1985, and for related purposes
2
The Parliament of Australia enacts:
3
1 Short title
4
This Act may be cited as the Trust Recoupment Tax Amendment
5
(Temporary Budget Repair Levy) Act 2014.
6
2 Commencement
7
(1) Each provision of this Act specified in column 1 of the table
8
commences, or is taken to have commenced, in accordance with
9
column 2 of the table. Any other statement in column 2 has effect
10
according to its terms.
11
12
2
Trust Recoupment Tax Amendment (Temporary Budget Repair Levy)
Bill 2014
No. , 2014
Commencement information
Column 1
Column 2
Column 3
Provision(s)
Commencement
Date/Details
1. Sections 1 to 3
and anything in
this Act not
elsewhere covered
by this table
The day this Act receives the Royal Assent.
2. Schedule 1
At the same time as Schedule 1 to the Tax
Laws Amendment (Temporary Budget
Repair Levy) Act 2014 commences.
Note:
This table relates only to the provisions of this Act as originally
1
enacted. It will not be amended to deal with any later amendments of
2
this Act.
3
(2) Any information in column 3 of the table is not part of this Act.
4
Information may be inserted in this column, or information in it
5
may be edited, in any published version of this Act.
6
3 Schedule(s)
7
Each Act that is specified in a Schedule to this Act is amended or
8
repealed as set out in the applicable items in the Schedule
9
concerned, and any other item in a Schedule to this Act has effect
10
according to its terms.
11
Temporary budget repair levy Schedule 1
No. , 2014
Trust Recoupment Tax Amendment (Temporary Budget Repair Levy)
Bill 2014
3
Schedule 1
--Temporary budget repair levy
1
2
Trust Recoupment Tax Act 1985
3
1 At the end of the Act
4
Add:
5
6 Temporary budget repair levy
6
(1) This section applies to the temporary budget repair levy years.
7
(2) Increase the rate of tax mentioned in paragraph 5(a) by 2
8
percentage points.
9
(3) In this section:
10
temporary budget repair levy year means a year of income
11
corresponding to a temporary budget repair levy year (within the
12
meaning of section 4-11 of the Income Tax (Transitional
13
Provisions) Act 1997).
14