Second Reading Speeches

Tax Laws Amendment (2009 Measures No. 1) Bill 2009

Type
Government
Portfolio
Treasury
Originating house
House of Representatives
Status
Act
Parliament no
42

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Summary

Amends: the

Taxation Administration Act 1953
to: provide for a 20 per cent reduction of the pay as you go (PAYG) instalment for the quarter that includes 31 December 2008 for certain small business taxpayers; and include a regulation making power to allow the amount of the PAYG instalment to be reduced in the future in circumstances specified by regulations; the
Superannuation (Unclaimed Money and Lost Members) Act 1999
to make technical amendments and in relation to: dates for statements and payments of unclaimed money; unclaimed and lost member registers; and information, access and records; and six Acts to make consequential amendments. Also amends 13 Acts to expand income tests used to determine eligibility for a range of government financial assistance programs, including particular offsets and obligations to pay the Medicare levy surcharge.

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