SECOND Supplementary Explanatory Memorandum
NOTES ON AMENDMENTS
Amendment 1AA
Subclause 2(1) of the Bill provides that, subject to subclause 2(2), the amending Act is to come into operation on the day in which it receives the Royal Assent. Amendment 1AA will amend subclause 2(1) to provide that, subject to subclause (2), the Amending Act is to commence on the day on which the Privacy Act 1988 commences.
Amendment 1A
Amendment 1A is a technical amendment required to ensure that the day proclaimed for the commencement of clause 12 and the amendments in Schedule 2 to regulation 54ZED of the Income Tax Regulations - which relate to the amount to be deducted under the Prescribed Payments System where a tax file number is not quoted - is not earlier than the day on which the Privacy Act 1988 commences.