Fringe Benefits Tax Amendment Act 1995

No. 55 of 1995

CONTENTS

Section

1. Short title

2. Commencement

3. Schedules

SCHEDULE 1

AMENDMENT OF THE FRINGE BENEFITS TAX ACT 1986
COMMENCING ON ROYAL ASSENT

SCHEDULE 2

AMENDMENT OF THE FRINGE BENEFITS TAX ACT 1986
COMMENCING ON 1 APRIL 1996

Fringe Benefits Tax Amendment Act 1995

No. 55 of 1995

An Act to amend the Fringe Benefits Tax Act 1986, and for related purposes

[Assented to 28 June 1995]

The Parliament of Australia enacts:

Short title

1. This Act may be cited as the Fringe Benefits Tax Amendment Act 1995.

Commencement

2. This Act, other than Schedule 2, commences on the day on which it receives the Royal Assent. Schedule 2 commences on 1 April 1996.

Schedules

3. The Fringe Benefits Tax Act 1986 is amended in accordance with the applicable items in the Schedules, and the other items in the Schedules have effect according to their terms.

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 SCHEDULE 1 Section 3

AMENDMENT OF THE FRINGE BENEFITS TAX ACT 1986
COMMENCING ON ROYAL ASSENT

1. Section 6:

Omit "48.4%", substitute "48.475%".

2. Application

The amendment made by this Schedule applies to the year of tax beginning on 1 April 1995.

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 SCHEDULE 2 Section 3

AMENDMENT OF THE FRINGE BENEFITS TAX ACT 1986
COMMENCING ON 1 APRIL 1996

1. Section 6:

Omit "48.475%", substitute "48.5%".

2. Application

The amendment made by this Schedule applies to the year of tax beginning on 1 April 1996 and all later years of tax.

[Minister's second reading speech made in—

House of Representatives on 6 June 1995

Senate on 9 June 1995]