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On 19 March 2014, Omnibus Repeal Day (Autumn 2014) Bill 2014 was introduced into the House of Representatives.

According to the Explanatory Memorandum, Schedule 10 repeals spent and redundant Acts administered in the Treasury portfolio and provides for savings and transitional arrangements associated with those repeals. In particular, Parts 2 to 5 of Schedule 10 repeal redundant provisions of the income tax laws that implement the Education Expenses Tax Offset, the Sugar Industry Reform Program, the Financial Services Reform Program and the Superannuation Safety Program.

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