Commonwealth act

New Business Tax System (Alienated Personal Services Income) Tax Imposition Act (No. 1) 2000

In ForceCTH

Jurisdiction

Commonwealth

Act Number

87 of 2000

Collection

act

Plain English Summary

2/10 complexity

What it does: This short Act makes explicit that tax is imposed where a person's income tax increases because an amount is included in their assessable income under section 86‑15 of the Income Tax Assessment Act 1997. It affects people whose personal services income is 'alienated' and treated as their assessable income under that cross‑reference. It matters because it converts the tax consequence of that inclusion into an express statutory imposition, clarifying who pays and when the increased tax arises.

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Current sections

Direct links to the current provisions in New Business Tax System (Alienated Personal Services Income) Tax Imposition Act (No. 1) 2000.

New Business Tax System (Alienated Personal Services Income) Tax Imposition Act (No. 1) 2000

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New Business Tax System (Alienated Personal Services Income) Tax Imposition Act (No. 1) 2000

No. 87, 2000

View image in the official source

New Business Tax System (Alienated Personal Services Income) Tax Imposition Act (No. 1) 2000

No. 87, 2000

An Act to implement the New Business Tax System by imposing tax on certain alienated personal services income, and for related purposes

Contents

1 Short title...................................

2 Commencement...............................

3 Imposition..................................

View image in the official source

New Business Tax System (Alienated Personal Services Income) Tax Imposition Act (No. 1) 2000

No. 87, 2000

An Act to implement the New Business Tax System by imposing tax on certain alienated personal services income, and for related purposes

[Assented to 30 June 2000]

The Parliament of Australia enacts:

1 Short title

This Act may be cited as the New Business Tax System (Alienated Personal Services Income) Tax Imposition Act (No.1) 2000.

2 Commencement

This Act commences on the day on which it receives the Royal Assent.

3 Imposition

Tax is imposed by this Act to the extent that income tax payable by a person is increased as a result of an amount being included in the person’s assessable income under section 86‑15 of the Income Tax Assessment Act 1997.

[Minister’s second reading speech made in—

House of Representatives on 13 April 2000

Senate on 5 June 2000]

(65/00)

Source text

Sourced from the Federal Register of Legislation (legislation.gov.au), CC BY 4.0.

meta-content-style-type: text/css meta-content-type: application/xhtml+xml; charset=utf-8

?xml version="1.0" encoding="utf-8" standalone="no"?>

New Business Tax System (Alienated Personal Services Income) Tax Imposition Act (No. 1) 2000

No. 87, 2000

New Business Tax System (Alienated Personal Services Income) Tax Imposition Act (No. 1) 2000

No. 87, 2000

An Act to implement the New Business Tax System by imposing tax on certain alienated personal services income, and for related purposes

Contents

1 Short title...................................

2 Commencement...............................

3 Imposition..................................

New Business Tax System (Alienated Personal Services Income) Tax Imposition Act (No. 1) 2000

No. 87, 2000

An Act to implement the New Business Tax System by imposing tax on certain alienated personal services income, and for related purposes

[Assented to 30 June 2000]

The Parliament of Australia enacts:

1 Short title

This Act may be cited as the New Business Tax System (Alienated Personal Services Income) Tax Imposition Act (No.1) 2000.

2 Commencement

This Act commences on the day on which it receives the Royal Assent.

3 Imposition

[Minister’s second reading speech made in—

House of Representatives on 13 April 2000

Senate on 5 June 2000]

(65/00)