2013‑2014‑2015
The Parliament of the
Commonwealth of Australia
HOUSE OF REPRESENTATIVES
Presented and read a first time
A New Tax System (Medicare Levy Surcharge—Fringe Benefits) Amendment Bill 2015
No. , 2015
(Treasury)
A Bill for an Act to amend the A New Tax System (Medicare Levy Surcharge—Fringe Benefits) Act 1999, and for related purposes
Contents
1............ Short title............................................................................................. 1
2............ Commencement................................................................................... 1
3............ Schedules............................................................................................ 2
Schedule 1—Amendments 3
A New Tax System (Medicare Levy Surcharge—Fringe Benefits) Act 1999 3
A Bill for an Act to amend the A New Tax System (Medicare Levy Surcharge—Fringe Benefits) Act 1999, and for related purposes
The Parliament of Australia enacts:
1 Short title
This Act may be cited as the A New Tax System (Medicare Levy Surcharge—Fringe Benefits) Amendment Act 2015.
2 Commencement
This Act commences on 1 July 2016.
3 Schedules
Legislation that is specified in a Schedule to this Act is amended or repealed as set out in the applicable items in the Schedule concerned, and any other item in a Schedule to this Act has effect according to its terms.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 1—Amendments
A New Tax System (Medicare Levy Surcharge—Fringe Benefits) Act 1999
1 Subsection 3(1)
Insert:
Australia, when used in a geographical sense, has the same meaning as in the Income Tax Assessment Act 1997.
2 At the end of Part 1
Add:
9 Application
This Act extends to every external Territory referred to in the definition of Australia.
3 Subsection 10(3)
Repeal the subsection.
4 Application
The amendments made by this Schedule apply in relation to the 2016‑17 year of income and later years of income.