Bank Account Debits Tax Amendment Act 1986

No. 113 of 1986

An Act to amend the Bank Account Debits Tax Act 1982, and for related purposes

[Assented to 4 November 1986]

BE IT ENACTED by the Queen, and the Senate and the House of Representatives of the Commonwealth of Australia, as follows:

Short title, &c.

1. (1) This Act may be cited as the Bank Account Debits Tax Amendment Act 1986.

(2) The Bank Account Debits Tax Act 1982¹ is in this Act referred to as the Principal Act.

Commencement

2. This Act shall come into operation on 1 December 1986.

Schedule

3. The Schedule to the Principal Act is amended—

(a) by omitting from Column 2 “10 cents” and substituting “15 cents”;

(b) by omitting from Column 2 “25 cents” and substituting “35 cents”;

(c) by omitting from Column 2 “50 cents” and substituting “75 cents”;

(d) by omitting from Column 2 “$1” and substituting “$1.50”; and

(e) by omitting from Column 2 “$1.50” and substituting “$2.00”.

Application of amendments

4. The amendments made by this Act apply to debits made on or after 1 December 1986.

NOTE

1. No. 141, 1982, as amended. For previous amendments, see No. 110, 1983; No. 103, 1984; and No. 171, 1985.

[Minister’s second reading speech made in—

House of Representatives on 17 September 1986

Senate on 9 October 1986]