Senate
Tax Laws Amendment (2006 Measures No. 3) Bill 2006
New Business Tax System (Untainting Tax) Bill 2006
Revised Explanatory Memorandum
(Circulated by authority of the Treasurer, the Hon Peter Costello MP)This memorandum takes account of amendments made by the House of Representatives to the Bills as introduced
1 In their Joint Press Release of 7 April 2006, the Prime Minister and the Treasurer announced that the fringe benefits reporting exclusion threshold will be increased from $1,000 to $2,000, effective from 1 April 2007.