Federal Register of Legislation - Australian Government

Primary content

A Bill for an Act to amend the Fringe Benefits Tax Act 1986, and for related purposes
Administered by: Treasury
For authoritative information on the progress of bills and on amendments proposed to them, please see the House of Representatives Votes and Proceedings, and the Journals of the Senate as available on the Parliament House website.
Registered 17 Aug 2017
Introduced HR 17 Aug 2017
Table of contents.

2016‑2017

 

The Parliament of the

Commonwealth of Australia

 

HOUSE OF REPRESENTATIVES

 

 

 

 

Presented and read a first time

 

 

 

 

Fringe Benefits Tax Amendment (National Disability Insurance Scheme Funding) Bill 2017

 

No.      , 2017

 

(Treasury)

 

 

 

A Bill for an Act to amend the Fringe Benefits Tax Act 1986, and for related purposes

  

  


Contents

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

2............ Commencement................................................................................... 1

3............ Schedules............................................................................................ 2

Schedule 1—Amendments                                                                                                3

Fringe Benefits Tax Act 1986                                                                                    3

 

 


A Bill for an Act to amend the Fringe Benefits Tax Act 1986, and for related purposes

The Parliament of Australia enacts:

1  Short title

                   This Act is the Fringe Benefits Tax Amendment (National Disability Insurance Scheme Funding) Act 2017.

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

Provisions

Commencement

Date/Details

1.  The whole of this Act

At the same time as Schedule 1 to the Medicare Levy Amendment (National Disability Insurance Scheme Funding) Act 2017 commences.

However, the provisions do not commence at all if that Schedule does not commence.

 

Note:          This table relates only to the provisions of this Act as originally enacted.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  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 1Amendments

  

Fringe Benefits Tax Act 1986

1  Section 6

Omit “47%”, substitute “47.5%”.

2  Application of amendment

The amendment made by this Schedule applies to the year of tax beginning on 1 April 2019 and later years of tax.