House of Representatives

New Business Tax System (Miscellaneous) Bill 1999

New Business Tax System (Venture Capital Deficit Tax) Bill 1999

New Business Tax System (Venture Capital Deficit Tax) Act 2000

Explanatory Memorandum

(Circulated by authority of the Treasurer, the Hon Peter Costello, MP)


A Tax System Redesigned, page 611.


These are determined by the Commissioner in a notice in the Commonwealth Gazette. Broadly, those who must lodge usually have taxable incomes above $5,400, have had tax deducted from receipts, are subject to provisional tax or are carrying on a business.


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