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Second Reading Speeches

Treasury Laws Amendment (Enterprise Tax Plan Base Rate Entities) Bill 2018

Previous Citations
  • Treasury Laws Amendment (Enterprise Tax Plan Base Rate Entities) Bill 2017
Type
Government
Portfolio
Treasury
Originating house
House of Representatives
Status
Act
Parliament no
45

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Summary

Amends the:

Income Tax Rates Act 1986
to provide that a corporate tax entity will not qualify for the lower 27.5 per cent corporate tax rate if more than 80 per cent of its assessable income is income of a passive nature; and
Income Tax Assessment Act 1997
and
Income Tax Rates Act 1986
to make consequential amendments.