Tax Bonus for Working Australians (Consequential Amendments) Act (No. 2) 2009 (Cth)

Tax Bonus for Working Australians (Consequential Amendments) Act (No. 2) 2009

No. 6, 2009

An Act to make amendments consequential on the enactment of the Tax Bonus for Working Australians Act (No. 2) 2009, and for related purposes

Contents

Tax Bonus for Working Australians (Consequential Amendments) Act (No. 2) 2009

No. 6, 2009

An Act to make amendments consequential on the enactment of the Tax Bonus for Working Australians Act (No. 2) 2009, and for related purposes

[Assented to 18 February 2009]

The Parliament of Australia enacts:

1Short title

This Act may be cited as the Tax Bonus for Working Australians (Consequential Amendments) Act (No. 2) 2009.

2Commencement

1. (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
Provision(s)	Commencement	Date/Details
1. Sections 1 to 3 and anything in this Act not elsewhere covered by this table	The day on which this Act receives the Royal Assent.	18 February 2009
2. Schedule 1	At the same time as the Tax Bonus for Working Australians Act (No. 2) 2009 commences.	18 February 2009

Note: This table relates only to the provisions of this Act as originally passed by both Houses of the Parliament and assented to. It will not be expanded to deal with provisions inserted in this Act after assent.

1. (2)

   Column 3 of the table contains additional information that is not part of this Act. Information in this column may be added to or edited in any published version of this Act.

3Schedule(s)

Each Act that is specified in a Schedule to this Act is amended or repealed as set out in the applicable items in the Schedule concerned, and any other item in a Schedule to this Act has effect according to its terms.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

Income Tax Assessment Act 1936

1. 1

   Subsection 159J(6) (at the end of the definition of separate net income)

   Add:

   1. ; and (d)

      does not include tax bonus paid in accordance with the Tax Bonus for Working Australians Act (No. 2) 2009.

Income Tax Assessment Act 1997

1. 2

   Section 11‑55 (after table item headed “superannuation”)

   Insert:

tax bonus
payments in accordance with the Tax Bonus for Working Australians Act (No. 2) 2009 ............................................	59‑45

3

At the end of Division 59

Add:

59‑45Tax bonus for the 2007‑08 income year

A tax bonus paid in accordance with the Tax Bonus for Working Australians Act (No. 2) 2009 is not assessable income and is not *exempt income.

Social Security Act 1991

4

After paragraph 8(8)(y)

Insert:

1. (yaa)

   a tax bonus (within the meaning of the Tax Bonus for Working Australians Act (No. 2) 2009);

Taxation Administration Act 1953

5

Subsection 8AAB(5) (after table item 18)

Insert:

18A 9 Tax Bonus for Working Australians Act (No. 2) 2009

1. 6

   Section 8AAZA (paragraph (a) of the definition of credit)

   After “the Product Grants and Benefits Administration Act 2000”, insert “, the Tax Bonus for Working Australians Act (No. 2) 2009”.

   7Subsection 250‑10(2) in Schedule 1 (after table item 140)

   Insert:

142 tax bonus overpayments subsection 8(3) Tax Bonus for Working Australians Act (No. 2) 2009

Veterans’ Entitlements Act 1986

8

After paragraph 5H(8)(zza)

Insert:

1. (zzaaa)

   a tax bonus (within the meaning of the Tax Bonus for Working Australians Act (No. 2) 2009);

[Minister’s second reading speech made in—

House of Representatives on 12 February 2009

Senate on 13 February 2009]

(22/09)