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Tax Laws Amendment (2013 Measures No. 3) Bill 2013

2010-2011-2012-2013

 

The Parliament of the

Commonwealth of Australia

 

HOUSE OF REPRESENTATIVES

 

 

 

 

Presented and read a first time

 

 

 

 

 

 

 

 

 

Tax Laws Amendment (2013 Measures No. 3) Bill 2013

 

No.      , 2013

 

(Treasury)

 

 

 

A Bill for an Act to amend the law relating to taxation and the Tax Agent Services Act 2009 , and for related purposes

   

   



Contents

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

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

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

Schedule 1—Creating a regulatory framework for tax (financial) advice services            3

Part 1—Main amendments                                                                                          3

Tax Agent Services Act 2009                                                                                      3

Part 2—Consequential amendments                                                                     12

Income Tax Assessment Act 1997                                                                             12

Tax Agent Services Regulations 2009                                                                    12

Part 3—Transitional provisions                                                                               13

Schedule 2—Other amendments to the Tax Agent Services Act 2009 17

Schedule 3—Deductible gift recipients                                                                     24

Income Tax Assessment Act 1997                                                                             24

 



A Bill for an Act to amend the law relating to taxation and the Tax Agent Services Act 2009 , and for related purposes

The Parliament of Australia enacts:

1   Short title

                   This Act may be cited as the Tax Laws Amendment (2013 Measures No. 3) Act 2013 .

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.  Schedule 1, items 1 to 9

1 July 2014.

1 July 2014

3.  Schedule 1, item 10

1 January 2016.

1 January 2016

4.  Schedule 1, items 11 to 46

1 July 2014.

1 July 2014

5.  Schedule 1, item 47

1 July 2013.

1 July 2013

6.  Schedule 1, items 48 to 51

1 July 2014.

1 July 2014

7.  Schedule 2

The day after this Act receives the Royal Assent.

 

8.  Schedule 3

The day 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)

             (1)  Each Act, and each set of regulations, 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.

             (2)  The amendment of any regulation under subsection (1) does not prevent the regulation, as so amended, from being amended or repealed by the Governor-General.