Taxation Laws Amendment Bill (No. 4) 1993

Supplementary Explanatory Memorandum

Amendments and requests for amendments to be moved by the Government

(Circulated by the authority of the Treasurer the Hon Ralph Willis, M.P.)

Chapter 5 Request for amendment Payments of instalments by companies and certain trustees

5.1 Clause 48 of the Bill provides that Division 6 of that Bill will apply from the 1994-95 year of income [Request for amendment 2] .

5.2 As mentioned at paragraph 8.6 of the Explanatory Memorandum to the Bill, the grouping rules, contained in Division 6, should only apply from the 1995-96 year of income. This amendment to the Bill ensures that the grouping rules will only apply from the 1995-96 years of income.

View full documentView full documentBack to top