Division Description Changes — Bills — Treasury Laws Amendment (Personal Income Tax Plan) Bill 2018 — 20th Jun 2018

Change	Division
senate vote 2018-06-20#23 Edited by mackay staff on 2023-06-30 08:31:57	Title Bills — Treasury Laws Amendment (Personal Income Tax Plan) Bill 2018 Treasury Laws Amendment (Personal Income Tax Plan) Bill 2018 - In committee - Later repeals Description ~~<p class="speaker">Scott Ryan</p>~~ <p>The question now is that part 3 of schedule 2 stand as printed.</p> ~~<p class="italic"> <i>Senator Storer opposed schedule 2 in the following terms—</i></p>~~ ~~<p class="italic">(20) Schedule 2, Part 3, page 20 (line 1) to page 21 (line 12), to be opposed.</p>~~ <p>Question agreed to.</p> The majority voted in favour of a [motion](https://www.openaustralia.org.au/senate/?gid=2018-06-20.203.1) that [part 3 of schedule 2](https://parlinfo.aph.gov.au/parlInfo/search/display/display.w3p;db=LEGISLATION;id=legislation%2Fbills%2Fr6111_first-reps%2F0002;query=Id%3A%22legislation%2Fbills%2Fr6111_first-reps%2F0000%22;rec=0#06c0bf62a9b749438782b0b635fbf6c5) stand as printed. This means that that part will remain as it is. The vote was put after South Australian Senator [Tim Storer](https://theyvoteforyou.org.au/people/senate/sa/tim_storer) moved that it should be opposed. ### What is Part 3 of Schedule 2? According to the [bills digest](https://www.aph.gov.au/Parliamentary_Business/Bills_Legislation/bd/bd1718a/18bd115): > Part 3 of Schedule 2 amends the Rates Act to subsequently repeal the tables containing the new tax rates that apply under the PITP [Personal Income Tax Plan], as they are superseded by further changes. The personal income tax rate and threshold tables that apply in 2018–19, 2019–20, 2020–21 and 2021–22 would be repealed from 1 July 2024 and the income tax rate and threshold tables that apply in 2022–23 and 2023–24 are repealed from 1 July 2026. > *> Despite the repeal of the tables, item 25 states that the rates and thresholds in the repeal*ed tables continue to apply to the relevant income years.

~~Scott Ryan~~
The question now is that part 3 of schedule 2 stand as printed.
~~ Senator Storer opposed schedule 2 in the following terms—~~
~~(20) Schedule 2, Part 3, page 20 (line 1) to page 21 (line 12), to be opposed.~~
Question agreed to.
The majority voted in favour of a [motion](https://www.openaustralia.org.au/senate/?gid=2018-06-20.203.1) that [part 3 of schedule 2](https://parlinfo.aph.gov.au/parlInfo/search/display/display.w3p;db=LEGISLATION;id=legislation%2Fbills%2Fr6111_first-reps%2F0002;query=Id%3A%22legislation%2Fbills%2Fr6111_first-reps%2F0000%22;rec=0#06c0bf62a9b749438782b0b635fbf6c5) stand as printed. This means that that part will remain as it is. The vote was put after South Australian Senator [Tim Storer](https://theyvoteforyou.org.au/people/senate/sa/tim_storer) moved that it should be opposed.
### What is Part 3 of Schedule 2?
According to the [bills digest](https://www.aph.gov.au/Parliamentary_Business/Bills_Legislation/bd/bd1718a/18bd115):
> *Part 3 of Schedule 2 amends the Rates Act to subsequently repeal the tables containing the new tax rates that apply under the PITP [Personal Income Tax Plan], as they are superseded by further changes. The personal income tax rate and threshold tables that apply in 2018–19, 2019–20, 2020–21 and 2021–22 would be repealed from 1 July 2024 and the income tax rate and threshold tables that apply in 2022–23 and 2023–24 are repealed from 1 July 2026.*
>
> *Despite the repeal of the tables, item 25 states that the rates and thresholds in the repealed tables continue to apply to the relevant income years.*