Bank Account Debits Tax Amendment Act 1986

No. 113 of 1986

An Act to amend the Bank Account Debits Tax Act 1982, and for related purposes

[Assented to 4 November 1986]

BE IT ENACTED by the Queen, and the Senate and the House of Representatives of the Commonwealth of Australia, as follows:

Short title, &c.

1. (1) This Act may be cited as the Bank Account Debits Tax Amendment Act 1986.

(2) The Bank Account Debits Tax Act 19821 is in this Act referred to as the Principal Act.

Commencement

2. This Act shall come into operation on 1 December 1986.

Schedule

3. The Schedule to the Principal Act is amended—

(a) by omitting from Column 2 “10 cents” and substituting “15 cents”;

(b) by omitting from Column 2 “25 cents” and substituting “35 cents”;

(c) by omitting from Column 2 “50 cents” and substituting “75 cents”;

(d) by omitting from Column 2 “$1” and substituting “$1.50”; and

(e) by omitting from Column 2 “$1.50” and substituting “$2.00”.

Application of amendments

4. The amendments made by this Act apply to debits made on or after 1 December 1986.

NOTE

1. No. 141, 1982, as amended. For previous amendments, see No. 110, 1983; No. 103, 1984; and No. 171, 1985.

[Minister’s second reading speech made in—

House of Representatives on 17 September 1986

Senate on 9 October 1986]