Skip to main content
shopping_cart

Your shopping cart is empty

01 Jun 06 Personal Tax Reduction and Improved Depreciation Arrangements Bill passed by House

On 31 May 2006, Tax Laws Amendment (Personal Tax Reduction and Improved Depreciation Arrangements) Bill 2006 was passed by the House of Representatives with 2 Government amendments. They are:

(1) Schedule 5, item 1, page 11 (line 10), after “in this way if”, insert “you started to *hold the asset on or after 10 May 2006”.
[diminishing value method for post-9 May 2006 assets]
(2) Schedule 5, item 1, page 11 (lines 11 to 16), omit paragraphs 40-72(1)(a), (b) and (c).
[diminishing value method for post-9 May 2006 assets]

The Bill was introduced into the House on 11 May 2006: see 2006 TAXVINE No 17 (4) (12 May 2006). The Bill now proceeds to the Senate.

For a copy of the Supplementary Explanatory Memorandum, go here

Media Release Search
Keywords
Eg. TD 2005/D52 ALL words EXACT phrase WITHOUT words Date range
From To