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Tax Laws Amendment (Confidentiality of Taxpayer Information) Bill 2010

2010

 

The Parliament of the

Commonwealth of Australia

 

HOUSE OF REPRESENTATIVES

 

 

 

 

As passed by both Houses

 

 

 

 

 

 

 

 

 

Tax Laws Amendment (Confidentiality of Taxpayer Information) Bill 2010

 

No.      , 2010

 

 

 

 

 

A Bill for an Act to amend the law relating to confidentiality of information acquired under the taxation laws, and for other purposes

   

   



Contents

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

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

3............ Schedule(s)......................................................................................... 2

Schedule 1—Confidentiality of taxpayer information                                     3

Part 1—Main amendment                                                                                            3

Taxation Administration Act 1953                                                                            3

Part 2—Application of amendment                                                                      38

Schedule 2—Consequential amendments                                                               39

Part 1—Amendments                                                                                                   39

Administrative Decisions (Judicial Review) Act 1977                                        39

A New Tax System (Australian Business Number) Act 1999                               39

Anti-Money Laundering and Counter-Terrorism Financing Act 2006            39

Australian Crime Commission Act 2002                                                                40

Australian Securities and Investments Commission Act 2001                           40

Crimes (Taxation Offences) Act 1980                                                                     40

Customs Administration Act 1985                                                                           40

Development Allowance Authority Act 1992                                                        41

Energy Grants (Cleaner Fuels) Scheme Act 2004                                                42

Energy Grants (Credits) Scheme Act 2003                                                            42

Excise Act 1901                                                                                                           42

First Home Saver Accounts Act 2008                                                                     43

Franchise Fees Windfall Tax (Collection) Act 1997                                           43

Freedom of Information Act 1982                                                                           43

Fringe Benefits Tax Assessment Act 1986                                                              44

Income Tax Assessment Act 1936                                                                             44

Income Tax Assessment Act 1997                                                                             45

Income Tax (Transitional Provisions) Act 1997                                                   47

Inspector-General of Intelligence and Security Act 1986                                  47

International Tax Agreements Act 1953                                                                48

Petroleum Resource Rent Tax Assessment Act 1987                                            48

Pooled Development Funds Act 1992                                                                    49

Privacy Act 1988                                                                                                        49

Product Grants and Benefits Administration Act 2000                                      49

Product Stewardship (Oil) Act 2000                                                                       49

Retirement Savings Accounts Act 1997                                                                  49

Small Superannuation Accounts Act 1995                                                            50

Superannuation Contributions Tax (Assessment and Collection) Act 1997 50

Superannuation Contributions Tax (Members of Constitutionally Protected Superannuation Funds) Assessment and Collection Act 1997                                                                                                   50

Superannuation (Government Co-contribution for Low Income Earners) Act 2003          51

Superannuation Guarantee (Administration) Act 1992                                     51

Superannuation Industry (Supervision) Act 1993                                               52

Superannuation (Self Managed Superannuation Funds) Taxation Act 1987 52

Superannuation (Unclaimed Money and Lost Members) Act 1999                  52

Tax Agent Services Act 2009                                                                                    53

Taxation Administration Act 1953                                                                          58

Taxation (Interest on Overpayments and Early Payments) Act 1983               60

Termination Payments Tax (Assessment and Collection) Act 1997                  61

Trust Recoupment Tax Assessment Act 1985                                                         61

Part 2—Application, transitional and savings provisions                           62

Schedule 3—Other amendments                                                                                  64

Income Tax Assessment Act 1936                                                                             64

Income Tax Assessment Act 1997                                                                             64

Taxation Administration Act 1953                                                                          66

Schedule 4—Repeal                                                                                                             68

A New Tax System (Bonuses for Older Australians) Act 1999                           68

Schedule 5—Regulations about transitional matters                                       69

 



A Bill for an Act to amend the law relating to confidentiality of information acquired under the taxation laws, and for other purposes

The Parliament of Australia enacts:

1   Short title

                   This Act may be cited as the Tax Laws Amendment (Confidentiality of Taxpayer Information) Act 2010.

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

Provision(s)

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.  Schedules 1 to 5

The day after this Act receives the Royal Assent.

 

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   Schedule(s)

                   Each Act 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.