The following Bills received Royal Assent on 21 June 2012:
- Tax Laws Amendment (2012 Measures No 3) Bill 2012 – Act No 58 of 2012. It contains amendments re:
- ETP tax offset;
- minors and low income tax offset;
- tax exemption for clean energy payments;
- withholding tax rate of 15% to apply to income derived by non-resident workers participating in the Government’s Seasonal Labour Mobility Program;
- excise exemption for blends of gaseous and aviation fuels.
- Income Tax (Seasonal Labour Mobility Program Withholding Tax) Bill 2012 – Act No 59 of 2012. It establishes the 15% rate for the Seasonal Labour Mobility Program.
- Tax Laws Amendment (Income Tax Rates) Bill 2012 – Act No 60 of 2012. It increases non-resident tax rates as announced in the 2012-13 Federal Budget.
[LTN 119, 22/6]