Notes for Treasurer's Second Reading Speech.
This Bill is a purely formal measure necessitated by the proposed change in the name of the tax on incomes.
It proposes an amendment to a definition in the Income Tax (International Agreements) Act. That Act gives the force of law to Australia's double taxation agreements with other countries. The definition at present refers to the Australian tax on incomes as "income tax and social services contribution" and is being amended so as to extend to that tax under its new name of "income tax".
I commend the Bill to the House.