Summary
Part of a package of 13 bills in relation to funding for the National Disability Insurance Scheme (DisabilityCare Australia), the bill amends the
Income Tax (TFN Withholding Tax (ESS)) Act 2009
to increase to 47 per cent the rate of tax imposed on employees who receive an employee share scheme (ESS) interest under an ESS and have not provided an Australian Business Number or tax file number.