Senate
Taxation Laws Amendment Bill (No. 4) 1995
Income Tax (Franking Deficit) Amendment Bill 1995
Income Tax (Deficit Deferral) Amendment Bill 1995
Explanatory Memorandum
(Circulated by authority of the Treasurer, the Hon Ralph Willis, MP)This Memorandum Takes Account of Amendments
Made by the House of Representatives
to the Bill as Introduced
Chapter 11 - Non-compulsory uniforms or wardrobes
Overview
11.1 Part 3 of Schedule 4 of the Bill makes a minor amendment to the taxation law.
Explanation of the amendment
Non-compulsory uniforms or wardrobes
11.2 The amendment gives effect to the Government's 1995-96 Budget announcement that it will transfer responsibility for the maintenance of the Register of Approved Occupational Clothing from the Textiles, Clothing and Footwear Development Authority to the Secretary of the Department of Industry, Science and Technology. Included in the amendment are transitional arrangements to ensure taxpayers' rights and the smooth transfer of responsibility.
11.3 The amendment will apply from 1 March 1996.