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


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.

View full documentView full documentBack to top