Explanatory Memorandum
(Circulated by the authority of the Minister for Education and Training, Senator the Hon Simon Birmingham)Schedule 2 - Consequential amendments
Items 1 and 2 make an amendment to the A New Tax System (Goods and Services Tax) Act 1999 which is consequential on the removal of "registered care" as a kind of Commonwealth supported child care by Schedule 1 of this Bill.
Items 3 and 4 make some minor consequential amendments to the Early Years Quality Fund Special Account Act 2013 consequential upon the new terminology of "approved provider" and "large centre - based day care provider" introduced by Schedule 1 of this Bill.
Item 5 makes a minor consequential amendment to the Fringe Benefits Tax Assessment Act 1986. The previous references to an array of care types for the purposes of "exempt residual benefits" is replaced by the simpler term "approved child care service", as introduced by Schedule 1 to this Bill.
Items 6, 7 and 8 make amendments to the Income Tax Assessment Act 1997 that are consequential upon the cessation of CCB and CCR and the introduction of CCS and ACCS by Schedule 1 of this Bill. The overall approach to the tax treatment of child care payments, however, remains unchanged.
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