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TAXATION LAWS AMENDMENT ACT (NO. 4) 1997 NO. 174 OF 1997 - SCHEDULE 8--Rate

of tax for Friendly Societies etc.

Taxation (Deficit Reduction) Act (No. 2) 1993

1 Subsection 2(3)

Repeal the subsection, substitute:

(3) Subdivision D of Division 3 of Part 3 commences on 1 July 2000.

(4) Subdivision C of Division 2 of Part 4 commences on 1 July 1999.

2 Subdivision B of Division 3 of Part 3 (heading)

Repeal the heading, substitute:

Subdivision B--Increase for 1995-96, 1996-97, 1997-98, 1998-99 and 1999-2000 3 Subdivision D of Division 3 of Part 3 (heading)

Repeal the heading, substitute:

Subdivision D--Increase for 2000-2001 and later years 4 Subsection 15(2)

Omit "1997", substitute "2000".

5 Subdivision B of Division 2 of Part 4 (heading)

Repeal the heading, substitute:

Subdivision B--Rate for 1994-95, 1995-96, 1996-97, 1997-98 and SECT 1998-99 6 Subsection 18(2)

Omit "and of the 1996-97 year of income", substitute ", of the 1996-97 year of income, of the 1997-98 year of income, and of the 1998-99 year of income".

7 Subdivision C of Division 2 of Part 4 (heading)

Repeal the heading, substitute:

Subdivision C--Rate for 1999-2000 and later years 8 Subsection 19(2)

Omit "1997-98", substitute "1999-2000".



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