Question 2: The Scheme and Purpose of the Income Tax Act 2007 In the Commentary on the Taxation (Core Provisions) Bill 1996, it states: The proposed core provisions are intended to provide an overview of the scheme and purpose of the Act. Given the central role of tax on taxable income in the Act, the core provisions also provide all the essential rules for taxpayers to calculate and satisfy their income tax liability : (Commentary p.1) Required: (i) What is meant by the words scheme' and 'purpose'? (ii) Outline the scheme and purpose of the Income Tax Act 2007