Commonwealth Consolidated Acts

NEW BUSINESS TAX SYSTEM (MISCELLANEOUS) ACT (NO. 1) 2000 - SCHEDULE 4

Part   1 -- Amendments commencing on 1   July 2000

Income Tax Assessment Act 1936

1   Paragraph 159GZZZZG(1)(d)

Omit "36%", substitute "34%".

2   Paragraph 159GZZZZG(2)(e)

Omit "36%", substitute "34%".

3   Paragraph 159GZZZZG(3)(e)

Omit "36%", substitute "34%".

4   Paragraph 159GZZZZG(4)(e)

Omit "36%", substitute "34%".

5   Application of amendments

The amendments made by this Part apply to assessments for the 2000 - 01 year of income and later years of income.

Part   2 -- Amendments commencing on 1   July 2001

Income Tax Assessment Act 1936

6   Paragraph 159GZZZZG(1)(d)

Omit "34%", substitute "30%".

7   Paragraph 159GZZZZG(2)(e)

Omit "34%", substitute "30%".

8   Paragraph 159GZZZZG(3)(e)

Omit "34%", substitute "30%".

9   Paragraph 159GZZZZG(4)(e)

Omit "34%", substitute "30%".

10   Application of amendments

The amendments made by this Part apply to assessments for the 2001 - 02 year of income and later years of income.