BILLS › Treasury Laws Amendment (Personal Income Tax Plan) Bill 2018
The PRESIDENT (19:15): The question is that amendments (1), (2) and (17) to (19) on sheet 8441, circulated by Senator Storer, be agreed to. Senator Storer's circulated amendments— (1) Clause 2, page 2 (table item 3), omit the table item. (2) Clause 2, page 2 (table items 5 and 6), omit the table items. (17) Schedule 2, Part 1, page 13 (starting at line 2), omit the Part, substitute: Part 1—Main amendments Income Tax Rates Act 1986 1 Clause 1 of Part I of Schedule 7 (table item 2, column headed " For the part of the ordinary taxable income of the taxpayer that: " ) Omit "$87,000", substitute "$90,000". 2 Clause 1 of Part I of Schedule 7 (table item 3, column headed " For the part of the ordinary taxable income of the taxpayer that: " ) Omit "$87,000", substitute "$90,000". 3 Clause 1 of Part II of Schedule 7 (table item 1, column headed " For the part of the ordinary taxable income of the taxpayer that: " ) Omit "$87,000", substitute "$90,000". 4 Clause 1 of Part II of Schedule 7 (table item 2, column headed " For the part of the ordinary taxable income of the taxpayer that: " ) Omit "$87,000", substitute "$90,000". 5 Clause 4 of Part II of Schedule 7 (example) Repeal the example. 6 Clause 1 of Part III of Schedule 7 (table item 2, column headed " For the part of the taxpayer ' s working holiday taxable income that: " ) Omit "$87,000", substitute "$90,000". 7 Clause 1 of Part III of Schedule 7 (table item 3, column headed " For the part of the taxpayer ' s working holiday taxable income that: " ) Omit "$87,000", substitute "$90,000". 8 Application The amendments made by this Part apply to the 2018‑19 year of income and later years of income. (18) Schedule 2, items 10 to 12, page 18 (lines 3 to 12), omit the items. (19) Schedule 2, items 15 and 16, page 18 (line 22) to page 19 (line 3), omit the items.