2010

The Legislative Assembly for

Australian Capital Territory

Payroll Tax Amendment Bill 2010

Explanatory Statement

Circulated by authority of
Treasurer
Katy Gallagher MLA

Payroll Tax Amendment Bill 2010

Summary
This Bill amends the Payroll Tax Act 1987. 

Overview
The amendments made by this Bill are a result of Schedule 2 of Disallowable Instrument DI2000‑190 erroneously containing an incorrect payroll tax threshold amount for the financial year 2001‑02.   

The Bill amends the Payroll Tax Act 1987 in order to validate the correct threshold amount for the financial year 2001-02.

Commencement Date
The amendments in the Bill will commence on the day after notification.

Details of the Payroll Tax Amendment Act 2011    

Clause 1 – Name of Act
This clause provides that the Act is named the Payroll Tax Amendment Act 2011. 

Clause 2 – Commencement
This clause provides that the Act will commence on the day after it is notified on the ACT Legislation Register.

Clause 3 – Legislation amended
This clause provides that this part of the Act makes amendments to the Payroll Tax Act 1987.

Clause 4 – New part 6

Part 6 – Validation
	   
New section 102 – Validation of payroll tax amounts and rates for the 	   2001-2002 financial year.

This clause provides that the threshold amount of $950,000 as published in schedule 2 of disallowable instrument DI2000-190, is to be replaced with the threshold amount of $1,250,000 for the financial year of 2001-02.

New section 103 – Expiry – pt 6

This clause expires on the day that it commences.

The note provided clarifies that because this amendment is a validating law, Part 6 continues to have effect even though it is repealed on the day it commences.