Explanatory Memorandum(Circulated by authority of the Treasurer,the Hon. John Dawkins, M.P.)
Clauses involved in the proposed amendments
Clause 2: sets out the date from which the Act commences.
Clause 3: amends the Income Tax Assessment Act 1936 and the Fringe Benefits Tax Assessment Act 1986 as set out in the Schedule.
Clause 4: sets out the date the amendments in the Schedule to the Bill will apply from.