Source: https://parlinfo.aph.gov.au/parlInfo/search/display/displayPrint.w3p;query=Id%3A%22legislation%2Fbills%2Fr2922_act%2F0001%22
Timestamp: 2020-08-06 14:09:42+00:00
Document Index: 1819289

Matched Legal Cases: ['art 1', 'art 2', 'art 3', 'art 1', 'art 2', 'art 3']

ParlInfo - Tax Laws Amendment (Personal Income Tax Reduction) Bill 2008 (Print Version)
Title Tax Laws Amendment (Personal Income Tax Reduction) Bill 2008
Bill Number 08015
System Id legislation/bills/r2922_act/0001
Part 1âAmendments having effect from the 2008â09 year of income 3
Part 2âAmendments having effect from the 2009â10 year of income 5
Part 3âAmendments having effect from the 2010â11 year of income 7
Schedule 1âAmendments
Part 1âAmendments having effect from the 2008â09 year of income
Omit â$48,750â, substitute â$60,000â.
Omit â$750â, substitute â$1,200â.
Tax rates for nonâresident taxpayers
Omit â$30,000â (wherever occurring), substitute â$34,000â.
7 Subsection 3(1) (paragraph (a) of the definition of phaseâin limit)
Omit â$30,431â, substitute â$33,961â.
Omit â$25,867â, substitute â$28,867â.
Omit â$37,950â, substitute â$42,000â.
The amendments made by this Part apply to assessments for the 2008â09 year of income.
Part 2âAmendments having effect from the 2009â10 year of income
Omit â$60,000â, substitute â$63,750â.
Omit â$1,200â, substitute â$1,350â.
Omit â$34,000â (wherever occurring), substitute â$35,000â.
17 Subsection 3(1) (paragraph (a) of the definition of phaseâin limit)
Omit â$33,961â, substitute â$35,137â.
Omit â$28,867â, substitute â$29,867â.
Omit â$42,000â, substitute â$43,500â.
The amendments made by this Part apply to assessments for the 2009â10 year of income.
Part 3âAmendments having effect from the 2010â11 year of income
Omit â$63,750â, substitute â$67,500â.
Omit â$1,350â, substitute â$1,500â.
Omit â$35,000â (wherever occurring), substitute â$37,000â.
27 Subsection 3(1) (paragraph (a) of the definition of phaseâin limit)
Omit â$35,137â, substitute â$36,100â.
Omit â$29,867â, substitute â$30,685â.
Omit â$43,500â, substitute â$44,500â.
The amendments made by this Part apply to assessments for the 2010â11 year of income and later years of income.