House of Representatives
Tax Legislation Amendment Bill 1992
Tax Legislation Amendment Act 1992
Explanatory Memorandum
(Circulated by authority of the Treasurer,the Hon. John Dawkins, M.P.)General Outline and Financial Impact
This Bill will amend the following taxation Acts to give effect to the following measures :
Reductions in the Rate of Income Tax
. The Income Tax Rates Act 1986 to declare the rates of tax payable by both residents and non residents for the 1994/95 and subsequent income years.
Date of effect: 1 July 1994
Proposal announced: One Nation Statement on 26/2/1992
| Financial impact: | 94/95 | 95/96 |
| $m3,200 | $m5,200 |