INCOME TAX AND SOCIAL SERVICES CONTRIBUTION ASSESSMENT (No. 2).

No. 30 of 1956.

An Act to amend the Income Tax and Social Services Contribution Assessment Act 1936–1955, as amended by the Income Tax and Social Services Contribution Assessment Act 1956.

[Assented to 6th June, 1956.]

BE it enacted by the Queen’s Most Excellent Majesty, the Senate, and the House of Representatives of the Commonwealth of Australia, as follows:—

Short title and citation.

1.—(1.) This Act may be cited as the Income Tax and Social Services Contribution Assessment Act (No. 2) 1956.

(2.) The Income Tax and Social Services Contribution Assessment Act 1936–1955, as amended by the Income Tax and Social Services Contribution Assessment Act 1956, is in this Act referred to as the Principal Act.

(3.) Section one of the Income Tax and Social Services Contribution Assessment Act 1956 is amended by omitting sub-section (3.).

(4.) The Principal Act, as amended by this Act, may be cited as the Income Tax and Social Services Contribution Assessment Act 1936–1956.

Commencement.

2. This Act shall come into operation on the first day of July, One thousand nine hundred and fifty-six.

Exemptions.

3. Section twenty-three of the Principal Act is amended by omitting paragraph (aa).

Certain deductions not allowable to members of Parliament receiving exempt allowances.

4. Section eighty-one a of the Principal Act is repealed.

Application of amendments.

5. The amendments made by this Act apply to assessments in respect of income of the year of income commencing on the first day of July, One thousand nine hundred and fifty-six, and in respect of income of all subsequent years.