Federal Register of Legislation - Australian Government

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Income Tax Rates Amendment Act 1994

  • - C2004A04846
  • No longer in force
Act No. 173 of 1994 as made
An Act to amend the Income Tax Rates Act 1986, and for related purposes
Administered by: Treasury
Date of Assent 16 Dec 1994
Date of repeal 10 Mar 2016
Repealed by Amending Acts 1990 to 1999 Repeal Act 2016
 

INCOME TAX RATES AMENDMENT ACT 1994 No. 173, 1994

Making Information
- Assented to 16 December 1994

INCOME TAX RATES AMENDMENT ACT 1994 No. 173 of 1994 - LONG TITLE

An Act to amend the Income Tax Rates Act 1986, and for related purposes

INCOME TAX RATES AMENDMENT ACT 1994 No. 173 of 1994 - SECT 1
Short title

1. This Act may be cited as the Income Tax Rates Amendment Act 1994.


(Minister's second reading speech made in -
House of Representatives on 14 November 1994
Senate on 5 December 1994)

INCOME TAX RATES AMENDMENT ACT 1994 No. 173 of 1994 - SECT 2
Commencement

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

INCOME TAX RATES AMENDMENT ACT 1994 No. 173 of 1994 - SECT 3
Principal Act

3. In this Act, "Principal Act" means the Income Tax Rates Act 1986*1*.
Income Tax Rates Act 1986

*1* No. 107, 1986, as amended. For previous amendments, see Nos. 60 and 138, 1987; Nos. 11, 78 and 118, 1988; Nos. 70, 98 and 106, 1989; No. 87, 1990; Nos. 48, 100 and 216, 1991; Nos. 98 and 197, 1992; and Nos. 7 and 18, 1993.

INCOME TAX RATES AMENDMENT ACT 1994 No. 173 of 1994 - SECT 4
Rates of tax payable by companies

4. Section 23 of the Principal Act is amended by omitting from subsection (6) "$50,000" and substituting "$49,999".

INCOME TAX RATES AMENDMENT ACT 1994 No. 173 of 1994 - SECT 5
Application

5. The amendment made by this Act applies to assessments in respect of income of the 1994-95 year of income and of all later years of income.