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The Parliament of the
Commonwealth of Australia
HOUSE OF REPRESENTATIVES
Presented and read a first time
Tax Laws Amendment (Countering Tax Avoidance and Multinational Profit Shifting) Bill 2013
No. , 2013
(Treasury)
A Bill for an Act to amend the law relating to taxation, and for related purposes
Contents
1............ Short title............................................................................................. 1
2............ Commencement................................................................................... 1
3............ Schedule(s)......................................................................................... 2
Schedule 1—General anti-avoidance rules 3
Income Tax Assessment Act 1936 3
Taxation Administration Act 1953 6
Schedule 2—Modernisation of transfer pricing rules 7
Part 1—Main amendments 7
Income Tax Assessment Act 1936 7
Income Tax Assessment Act 1997 7
Taxation Administration Act 1953 21
Part 2—Other amendments 27
Income Tax Assessment Act 1936 27
Income Tax Assessment Act 1997 28
Taxation Administration Act 1953 32
Part 3—Application 34
Income Tax (Transitional Provisions) Act 1997 34
Part 4—Minor amendments relating to treaty-equivalent transfer pricing rules 36
Income Tax Assessment Act 1997 36
Taxation Administration Act 1953 36
A Bill for an Act to amend the law relating to taxation, and for related purposes
The Parliament of Australia enacts:
This Act may be cited as the Tax Laws Amendment (Countering Tax Avoidance and Multinational Profit Shifting) Act 2013 .
(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.
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Commencement information |
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Column 1 |
Column 2 |
Column 3 |
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Provision(s) |
Commencement |
Date/Details |
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1. Sections 1 to 3 and anything in this Act not elsewhere covered by this table |
The day this Act receives the Royal Assent. |
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2. Schedule 1 |
The day this Act receives the Royal Assent. |
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3. Schedule 2, Parts 1 to 3 |
The day this Act receives the Royal Assent. |
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4. Schedule 2, Part 4 |
Immediately after the commencement of the Tax Laws Amendment (Cross-Border Transfer Pricing) Act (No. 1) 2012 . |
8 September 2012 |
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.
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.