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19 Mar 099 2009 Measures No 1 Bill passed by House

On 18 March 2009, Tax Laws Amendment (2009 Measures No 1) Bill 2009 was passed by the House of Representatives without amendment.

The Bill amends the: Taxation Administration Act 1953 to provide for a 20% reduction of the pay as you go (PAYG) instalment for the quarter that includes 31 December 2008 for certain small business taxpayers; and include a regulation-making power to allow the amount of the PAYG instalment to be reduced in the future in circumstances specified by regulations; Superannuation (Unclaimed Money and Lost Members) Act 1999 to make technical amendments and in relation to dates for statements and payments of unclaimed money; unclaimed and lost member registers; and information, access and records; and makes consequential amendments to six Acts. The Bill also amends 13 Acts to expand income tests used to determine eligibility for a range of government financial assistance programs, including particular offsets and obligations to pay the Medicare levy surcharge.

The Bill now proceeds to the Senate.

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