Australian Parliament House is open to the public.

Second Reading Speeches

Tax Laws Amendment (Small Business Measures No. 1) Bill 2015

Type
Government
Portfolio
Treasury
Originating house
House of Representatives
Status
Act
Parliament no
44

Track (What's this?)

Permalink

Summary

Amends the:

Income Tax Rates Act 1986
to reduce the company tax rate from 30 per cent to 28.5 per cent for companies that are small business entities with an aggregated turnover of less than $2 million; and
Income Tax Assessment Act 1936
,
Income Tax Assessment Act 1997
,
Income Tax Rates Act 1986
and proposed
Tax and Superannuation Laws Amendment (2015 Measures No. 1) Act 2015
to make consequential amendments.

We acknowledge the traditional owners and custodians of country throughout Australia and acknowledge their continuing connection to land, waters and community. We pay our respects to the people, the cultures and the elders past, present and emerging.

Aboriginal and Torres Strait Islander people are advised that this website may contain images and voices of deceased people.