Explanatory Memorandum
(Circulated by authority of the Minister for Social Security the Hon B Howe, MP)INCOME TAX ASSESSMENT ACT 1936 AND TAXATION ADMINISTRATION ACT 1953
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- The Income Tax Assessment Act 1936 would be amended to remove obligations which would otherwise apply in respect of employment declarations made by recipients of unemployment and sickness benefits.
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- Amendments would be made to the Taxation Administration Act 1953 to provide authorisation for the collection of tax file numbers as a prerequisite to the payment of unemployment and sickness benefits.
These measures would come into effect on 13 November 1989.
Estimated program costs of these measures are $14.00m in 1989-90 and $20.00m in 1990-91.