Commonwealth Consolidated Acts

TREASURY LAWS AMENDMENT (ENTERPRISE TAX PLAN) ACT 2017 - SCHEDULE 2

Part   1 -- Amendments commencing 1   July 2016

Income Tax Assessment Act 1997

1   Subsection   328 - 360(1)

Omit "5%", substitute "8%".

Part   3 -- Amendments commencing 1   July 202 0

Income Tax Assessment Act 1997

3   Subsection   328 - 360(1)

Omit "8%", substitute "13%".

Part   4 -- Amendments commencing 1   July 202 1

Income Tax Assessment Act 1997

4   Subsection   328 - 360(1)

Omit "13%", substitute "16%".

Part   5 -- Application of amendments

5   Application of amendments

(1)   Subject to the following subitems, the amendments made by Part   1 of this Schedule apply to the 2016 - 17 income year and later income years.

(3)   Subject to the following subitem, the amendments made by Part   3 of this Schedule apply to the 2020 - 21 income year and later income years.

(4)   The amendments made by Part   4 of this Schedule apply to the 2021 - 22 income year and later income years.