| 1999 |
|
21 September
|
CGT averaging abolished & New CGT
regime commences
|
|
30 September
|
CGT indexation frozen*
|
| 2000 |
|
1 July
|
New individual marginal tax rates apply
GST commences
Excess Imputation credits refundable
Company tax rate reduced from 36% to 34% for 2000/01
tax year
Increased tax and medicare thresholds for Senior Australians
and Pension rebate recipients
|
| 2001 |
|
22 May
|
Excessive component of ETP exempt from
surcharge**
|
|
1 July
|
Company tax rates reduced from 34% to
30% for 2001/02 tax year
Removal of superannuation from Social Security means
test for persons aged over 55
|
|
31 December
|
Proposed cut-off date for $300 one off
tax-free payment for self funded retirees
|
| 2002 |
|
1 July
|
Proposed new rules for withholding tax
|
|
* for assets acquired before 21 September
1999
|
|
** Other Federal Budget changes in
relation to adjusted taxable income backdated to 20
August 1996
|
