Income Tax Amendment Act 1987 (Cth)

Income Tax Amendment Act 1987

No. 64 of 1987

An Act to amend the Income Tax Act 1986

[Assented to 5 June 1987]

BE IT ENACTED by the Queen, and the Senate and the House of Representatives of the Commonwealth of Australia, as follows:

Short title, &c.

1. (1) This Act may be cited as the Income Tax Amendment Act 1987.

(2) The Income Tax Act 19861 is in this Act referred to as the Principal Act.

Commencement

2. This Act shall come into operation on the day on which it receives the Royal Assent.

Provisional tax

3. Section 8 of the Principal Act is amended by adding at the end “and of the next succeeding year of income”.

NOTE

1. No. 108, 1986.

[Minister’s second reading speech made in—

House of Representatives on 28 November 1986

Senate on 19 February 1987