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Tax and Superannuation Laws Amendment (2016 Measures No . 2) Bill 2016
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2016

 

The Parliament of the

Commonwealth of Australia

 

HOUSE OF REPRESENTATIVES

 

 

 

 

Presented and read a first time

 

 

 

 

Tax » and Superannuation « Laws » « Amendment » (2016 « Measures » « No » .   2) « Bill » 2016

 

« No » .       , 2016

 

(Treasury)

 

 

 

A « Bill » for an Act to amend the law relating to taxation, superannuation and grants, and for related purposes

   

   



Contents

1............ Short title............................................................................................. 1

2............ Commencement................................................................................... 1

3............ Schedules............................................................................................ 3

Schedule 1—Commissioner’s remedial power                                                      4

Income « Tax » Assessment Act 1997                                                                               4

Taxation Administration Act 1953                                                                            4

Schedule 2—Primary producer income averaging                                             9

Income « Tax » Assessment Act 1997                                                                               9

Schedule 3—Cars for display by public institutions                                        10

A New « Tax » System (Luxury Car « Tax » ) Act 1999                                                      10

Schedule 4—Miscellaneous amendments                                                                12

Part 1—CDEP Scheme                                                                                               12

Division 1—Main amendments                                                                               12

Income « Tax » Assessment Act 1936                                                                             12

Income « Tax » Rates Act 1986                                                                                       12

Taxation Administration Act 1953                                                                          12

Division 2—Contingent amendments                                                                     13

Income « Tax » Assessment Act 1936                                                                             13

Division 3—Application of amendments                                                               13

Part 2—Other amendments of principal Acts                                                  14

A New « Tax » System (Goods and Services « Tax » ) Act 1999                                       14

Commonwealth Grants Commission Act 1973                                                      15

Income « Tax » Assessment Act 1936                                                                             15

Income « Tax » Assessment Act 1997                                                                             16

Product Grants and Benefits Administration Act 2000                                      23

Superannuation (Unclaimed Money and Lost Members) Act 1999                  23

Taxation Administration Act 1953                                                                          23

Part 3—Amendments of amending Acts                                                           26

Indirect « Tax » « Laws » « Amendment » (Assessment) Act « 2012 »                                        26

« Tax » and Superannuation « Laws » « Amendment » (2014 « Measures » « No » .   7) Act 2015 26

« Tax » and Superannuation « Laws » « Amendment » (2015 « Measures » « No » .   1) Act 2015 26

Treasury Legislation « Amendment » (Repeal Day) Act 2015                                  27

Part 4—Repeals of Excise Tariff Acts                                                                28

Excise Tariff 1924                                                                                                      28

Excise Tariff 1926                                                                                                      28

Excise Tariff 1928                                                                                                      28

Excise Tariff 1933                                                                                                      28

Excise Tariff ( « No » .   2) 1933                                                                                         28

Excise Tariff 1936                                                                                                      28

Excise Tariff 1938                                                                                                      29

Excise Tariff ( « No » .   2) 1938                                                                                         29

Excise Tariff 1939                                                                                                      29

Excise Tariff ( « No » .   2) 1939                                                                                         29

Excise Tariff ( « No » .   3) 1939                                                                                         29

Excise Tariff 1948                                                                                                      29

Excise Tariff ( « No » .   2) 1948                                                                                         29

Excise Tariff ( « No » .   3) 1948                                                                                         30

Excise Tariff ( « No » .   4) 1948                                                                                         30

Excise Tariff 1949                                                                                                      30

Excise Tariff ( « No » .   2) 1949                                                                                         30

Excise Tariff 1950                                                                                                      30

Excise Tariff ( « No » .   2) 1950                                                                                         30

Excise Tariff 1952                                                                                                      30

Excise Tariff 1953                                                                                                      31

Excise Tariff 1956                                                                                                      31

Excise Tariff ( « No » .   2) 1956                                                                                         31

Excise Tariff ( « No » .   3) 1956                                                                                         31

Excise Tariff 1957                                                                                                      31

Excise Tariff 1958                                                                                                      31

Excise Tariff 1959                                                                                                      31

Excise Tariff ( « No » .   2) 1959                                                                                         32

Excise Tariff ( « No » .   3) 1959                                                                                         32

Excise Tariff 1960                                                                                                      32

Excise Tariff ( « No » .   2) 1960                                                                                         32

Excise Tariff 1961                                                                                                      32

Excise Tariff ( « No » .   2) 1961                                                                                         32

Excise Tariff 1962                                                                                                      32

Excise Tariff 1963                                                                                                      33

Excise Tariff ( « No » .   2) 1963                                                                                         33

Excise Tariff 1964                                                                                                      33

Excise Tariff 1965                                                                                                      33

Excise Tariff ( « No » .   2) 1965                                                                                         33

Excise Tariff 1967                                                                                                      33

Excise Tariff ( « No » .   2) 1967                                                                                         33

Excise Tariff 1968                                                                                                      34

Excise Tariff ( « No » .   2) 1968                                                                                         34

Excise Tariff 1969                                                                                                      34

Excise Tariff ( « No » .   2) 1969                                                                                         34

Part 5—Other repeals                                                                                                   36

Income « Tax » (War-time Arrangements) Act 1942                                                   36

 

 



A « Bill » for an Act to amend the law relating to taxation, superannuation and grants, and for related purposes

The Parliament of Australia enacts:

1   Short title

                   This Act is the « Tax » and Superannuation « Laws » « Amendment » (2016 « Measures » « No » .  2) Act 2016 .

2   Commencement

             (1)  Each provision of this Act specified in column 1 of the table commences, or is taken to have commenced, in accordance with column 2 of the table. Any other statement in column 2 has effect according to its terms.

 

Commencement information

Column 1

Column 2

Column 3

Provisions

Commencement

Date/Details

1.  Sections 1 to 3 and anything in this Act not elsewhere covered by this table

The day this Act receives the Royal Assent.

 

2.  Schedule 1

The day after this Act receives the Royal Assent.

 

3.  Schedule 2

The first 1 January, 1 April, 1 July or 1 October to occur after the day this Act receives the Royal Assent.

 

4.  Schedule 3

The day this Act receives the Royal Assent.

 

5.  Schedule 4, Part 1, Division 1

At the same time as Part 1 of Schedule 2 to the Social Security Legislation « Amendment » (Community Development Program) Act 2016 commences.

 

« 6 » .  Schedule 4, Part 1, Division 2

At the same time as the provisions covered by table item 5.

However, if item 146 of Schedule 12 to the Omnibus Repeal Day (Spring 2015) Act 2016 commences at or before that time, the provision does not commence at all.

 

7.  Schedule 4, Part 1, Division 3

At the same time as the provisions covered by table item 5.

 

8.  Schedule 4, items 9 to 69

At the same time as the provisions covered by table item 3.

 

9.  Schedule 4, item 70

Immediately after the time specified in the « Tax » and Superannuation « Laws » « Amendment » (2014 « Measures » « No » .   7) Act 2015 for the commencement of item 2 of Schedule  « 6 » to that Act.

19 March 2015

10.  Schedule 4, items 71 to 83

At the same time as the provisions covered by table item 3.

 

11.  Schedule 4, item 84

Immediately after the time specified in the Treasury Legislation « Amendment » (Repeal Day) Act 2015 for the commencement of Division 1 of Part 1 of Schedule 2 to that Act.

25 February 2015

12.  Schedule 4, items 85 to 96

At the same time as the provisions covered by table item 3.

 

13.  Schedule 4, item 97

Immediately after the time specified in the Treasury Legislation « Amendment » (Repeal Day) Act 2015 for the commencement of Division 1 of Part 1 of Schedule 2 to that Act.

25 February 2015

14.  Schedule 4, item 98

Immediately after the time specified in the Treasury Legislation « Amendment (Repeal Day) Act 2015 for the commencement of Division 2 of Part 1 of Schedule 2 to that Act.

1 July 2015

15.  Schedule 4, Parts 4 and 5

At the same time as the provisions covered by table item 3.

 

Note:          This table relates only to the provisions of this Act as originally enacted. It will not be amended to deal with any later amendments of this Act.

             (2)  Any information in column 3 of the table is not part of this Act. Information may be inserted in this column, or information in it may be edited, in any published version of this Act.

3   Schedules

                   Legislation that is specified in a Schedule to this Act is amended or repealed as set out in the applicable items in the Schedule concerned, and any other item in a Schedule to this Act has effect according to its terms.