Federal Register of Legislation - Australian Government

Primary content

Act No. 112 of 2015 as made
An Act to deal with consequential matters arising in connection with the Business Services Wage Assessment Tool Payment Scheme Act 2015, and for related purposes
Administered by: Social Services
Originating Bill: Business Services Wage Assessment Tool Payment Scheme (Consequential Amendments) Bill 2014
Registered 07 Jul 2015
Date of Assent 30 Jun 2015
Table of contents.

 

 

 

 

 

 

Business Services Wage Assessment Tool Payment Scheme (Consequential Amendments) Act 2015

 

No. 112, 2015

 

 

 

 

 

An Act to deal with consequential matters arising in connection with the Business Services Wage Assessment Tool Payment Scheme Act 2015, and for related purposes

  

  


Contents

1............ Short title............................................................................................. 2

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

3............ Schedule(s)......................................................................................... 2

Schedule 1—Amendments                                                                                                3

Income Tax Assessment Act 1936                                                                              3

Social Security Act 1991                                                                                            3

Social Security (Administration) Act 1999                                                             3

Veterans’ Entitlements Act 1986                                                                              4

 


 

 

Business Services Wage Assessment Tool Payment Scheme (Consequential Amendments) Act 2015

No. 112, 2015

 

 

 

An Act to deal with consequential matters arising in connection with the Business Services Wage Assessment Tool Payment Scheme Act 2015, and for related purposes

[Assented to 30 June 2015]

The Parliament of Australia enacts:

1  Short title

                   This Act may be cited as the Business Services Wage Assessment Tool Payment Scheme (Consequential Amendments) Act 2015.

2  Commencement

             (1)  Each provision of this Act specified in column 1 of the table commences, or is taken to have commenced, in accordance with column 2 of the table. Any other statement in column 2 has effect according to its terms.

 

Commencement information

Column 1

Column 2

Column 3

Provision(s)

Commencement

Date/Details

1.  Sections 1 to 3 and anything in this Act not elsewhere covered by this table

The day this Act receives the Royal Assent.

30 June 2015

2.  Schedule 1

At the same time as the Business Services Wage Assessment Tool Payment Scheme Act 2015 commences.

1 July 2015

Note:          This table relates only to the provisions of this Act as originally enacted. It will not be amended to deal with any later amendments of this Act.

             (2)  Any information in column 3 of the table is not part of this Act. Information may be inserted in this column, or information in it may be edited, in any published version of this Act.

3  Schedule(s)

                   Each Act that is specified in a Schedule to this Act is amended or repealed as set out in the applicable items in the Schedule concerned, and any other item in a Schedule to this Act has effect according to its terms.

Schedule 1Amendments

  

Income Tax Assessment Act 1936

1  Subsection 159ZR(1)

Insert:

BSWAT payment amount means a payment amount paid to a person under the Business Services Wage Assessment Tool Payment Scheme Act 2015.

2  At the end of section 159ZR

Add:

             (2)  This Subdivision applies in relation to a BSWAT payment amount as if:

                     (a)  the BSWAT payment amount were an eligible lump sum accrued wholly in an earlier year or years of income; and

                     (b)  the wages by reference to which the BSWAT payment amount was worked out were eligible income accrued in the year of income to which the wages relate.

Social Security Act 1991

3  After paragraph 8(8)(ja)

Insert:

                    (jb)  a payment under the Business Services Wage Assessment Tool Payment Scheme Act 2015;

Social Security (Administration) Act 1999

4  At the end of subsection 202(1)

Add:

               ; or (g)  the Business Services Wage Assessment Tool Payment Scheme Act 2015.

5  After paragraph 202(2)(dc)

Insert:

                   (dd)  for the purposes of the Business Services Wage Assessment Tool Payment Scheme Act 2015; or

Veterans’ Entitlements Act 1986

6  After paragraph 5H(8)(m)

Insert:

                  (ma)  a payment under the Business Services Wage Assessment Tool Payment Scheme Act 2015;

 

 

 

 

[Minister’s second reading speech made in—

House of Representatives on 5 June 2014

Senate on 19 June 2014]

 

(125/14)