New Business Tax System (Alienated Personal Services Income) Tax Imposition Act (No. 1) 2000

No. 87, 2000

New Business Tax System (Alienated Personal Services Income) Tax Imposition Act (No. 1) 2000

No. 87, 2000

An Act to implement the New Business Tax System by imposing tax on certain alienated personal services income, and for related purposes

Contents

1 Short title...................................

2 Commencement...............................

3 Imposition..................................

New Business Tax System (Alienated Personal Services Income) Tax Imposition Act (No. 1) 2000

No. 87, 2000

An Act to implement the New Business Tax System by imposing tax on certain alienated personal services income, and for related purposes

[Assented to 30 June 2000]

The Parliament of Australia enacts:

1  Short title

  This Act may be cited as the New Business Tax System (Alienated Personal Services Income) Tax Imposition Act (No.1) 2000.

2  Commencement

  This Act commences on the day on which it receives the Royal Assent.

3  Imposition

  Tax is imposed by this Act to the extent that income tax payable by a person is increased as a result of an amount being included in the person’s assessable income under section 86‑15 of the Income Tax Assessment Act 1997.

[Minister’s second reading speech made in—

House of Representatives on 13 April 2000

Senate on 5 June 2000]