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Tax Laws Amendment (Personal Tax Reduction and Improved Depreciation Arrangements) Act 2006

No. 55, 2006

An Act to amend the law relating to taxation, and for related purposes

Contents
1 Short title
2 Commencement
3 Schedule(s)

Schedule 1—Reduced personal income tax rates

Part 1—Main amendments
Income Tax Rates Act 1986

Part 2—Related amendments
A New Tax System (Ultimate Beneficiary Non‑disclosure Tax) Act (No. 1) 1999
A New Tax System (Ultimate Beneficiary Non‑disclosure Tax) Act (No. 2) 1999
Family Trust Distribution Tax (Primary Liability) Act 1998
Income Tax (Bearer Debentures) Act 1971
Income Tax Rates Act 1986
Trust Recoupment Tax Act 1985
Trust Recoupment Tax Assessment Act 1985

Part 3—Application

Schedule 2—Reduced fringe benefits tax rate
Fringe Benefits Tax Act 1986

Schedule 3—Increased low income tax offset
Income Tax Assessment Act 1936

Schedule 4—Increased threshold for Medicare levy
Medicare Levy Act 1986

Schedule 5—Improved depreciation arrangements

Part 1—Main amendments
Income Tax Assessment Act 1997
Income Tax (Transitional Provisions) Act 1997

Part 2—Consequential amendments
Income Tax Assessment Act 1997

Tax Laws Amendment (Personal Tax Reduction and Improved Depreciation Arrangements) Act 2006

No. 55, 2006

An Act to amend the law relating to taxation, and for related purposes

[Assented to 19 June 2006]

The Parliament of Australia enacts: