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Trade Support Loans Bill 2014

2013-2014

 

The Parliament of the

Commonwealth of Australia

 

HOUSE OF REPRESENTATIVES

 

 

 

 

Presented and read a first time

 

 

 

 

Trade Support Loans Bill 2014

 

No.      , 2014

 

(Industry)

 

 

 

A Bill for an Act to provide for trade support loans for certain apprentices, and for related purposes

   

   

   



Contents

Chapter 1—Introduction                                                                                        1

Part 1.1—Preliminary                                                                                                          1

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

2............ Commencement................................................................................... 2

3............ Simplified outline of this Act.............................................................. 2

Part 1.2—Interpretation                                                                                                     4

4............ Simplified outline of this Part.............................................................. 4

5............ Definitions.......................................................................................... 4

6............ When trade support loan is being paid to a person.............................. 7

Chapter 2—Loan payments                                                                                8

Part 2.1—Qualification and payability                                                                      8

7............ Simplified outline of this Part.............................................................. 8

8............ Qualification........................................................................................ 8

9............ Lifetime limit....................................................................................... 9

10.......... Payability............................................................................................ 9

11.......... Special case qualification and payability............................................ 10

Part 2.2—Machinery provisions for payments                                                   12

Division 1—Simplified outline of this Part                                                       12

12.......... Simplified outline of this Part............................................................ 12

Division 2—Applications                                                                                            13

13.......... Application........................................................................................ 13

14.......... Withdrawal of application................................................................. 13

Division 3—Determinations                                                                                     14

15.......... Determination of application............................................................. 14

16.......... Grant of application........................................................................... 14

17.......... Deemed refusal of application........................................................... 14

18.......... Variation of rate................................................................................ 15

19.......... Cancellation....................................................................................... 15

20.......... Date of effect of determinations........................................................ 15

21.......... When determination ceases to be in effect......................................... 16

Division 4—Payment                                                                                                   17

22.......... Payment by instalments..................................................................... 17

23.......... Amount of instalment........................................................................ 17

24.......... Yearly rate of trade support loan....................................................... 18

25.......... Payment into bank account................................................................ 18

Chapter 3—Loan repayments                                                                         19

Part 3.1—Incurring debts                                                                                                19

Division 1—Simplified outline of this Part                                                       19

26.......... Simplified outline of this Part............................................................ 19

Division 2—TSL debts                                                                                                 20

27.......... TSL debts.......................................................................................... 20

28.......... TSL debt discharged by death........................................................... 20

29.......... Notice to Commissioner.................................................................... 20

Division 3—Accumulated TSL debts                                                                   21

30.......... Simplified outline of this Division.................................................... 21

31.......... Stage 1—working out a former accumulated TSL debt..................... 21

32.......... TSL debt indexation factor................................................................ 23

33.......... Index numbers.................................................................................. 24

34.......... Publishing TSL debt indexation factors............................................ 25

35.......... Stage 2—working out an accumulated TSL debt.............................. 25

36.......... Rounding of amounts........................................................................ 25

37.......... Accumulated TSL debt discharges earlier debts................................ 26

38.......... Accumulated TSL debt discharged by death..................................... 26

Part 3.2—Discharging debts                                                                                           27

Division 1—Simplified outline of this Part                                                       27

39.......... Simplified outline of this Part............................................................ 27

Division 2—Completion discount                                                                          28

40.......... Completion discount......................................................................... 28

41.......... Application of completion discount................................................... 28

42.......... Refunding of payments..................................................................... 29

Division 3—Voluntary discharge                                                                          30

43.......... Voluntary TSL repayments in respect of debts................................. 30

44.......... Application of voluntary TSL repayments........................................ 30

45.......... Refunding of payments..................................................................... 30

Division 4—Compulsory discharge                                                                     32

Subdivision A—Liability to repay amounts                                                       32

46.......... Liability to repay amounts................................................................. 32

47.......... Repayable TSL debt for an income year............................................ 33

Subdivision B—Assessments                                                                                   33

48.......... Commissioner may make assessments.............................................. 33

49.......... Notification of notices of assessment of tax...................................... 33

50.......... Commissioner may defer making assessments................................. 34

51.......... Commissioner may amend assessments............................................ 35

Part 3.3—Application of tax legislation                                                                   36

52.......... Simplified outline of this Part............................................................ 36

53.......... Returns, assessments, collection and recovery.................................. 36

54.......... Charges and civil penalties for failing to meet obligations................. 36

55.......... Pay as you go (PAYG) withholding................................................. 37

56.......... Pay as you go (PAYG) instalments.................................................. 37

57.......... Extent of Commissioner’s general administration of this Act........... 37

Chapter 4—Administration                                                                               38

Part 4.1—Information management                                                                         38

Division 1—Simplified outline of this Part                                                       38

58.......... Simplified outline of this Part............................................................ 38

Division 2—General information-gathering powers                                  39

59.......... General power to obtain information................................................. 39

60.......... Power to obtain information from a person who owes a debt to the Commonwealth               39

61.......... Obtaining information about a person who owes a debt to the Commonwealth       40

62.......... Written notice.................................................................................... 40

63.......... Offence............................................................................................. 41

64.......... Obligations not affected by State or Territory laws........................... 41

Division 3—Powers in relation to tax file numbers                                     42

65.......... Request for tax file number............................................................... 42

66.......... Verification of tax file numbers......................................................... 42

67.......... When person with tax file number incorrectly notifies number......... 42

68.......... When person without tax file number incorrectly notifies number.... 43

69.......... When tax file numbers are altered..................................................... 43

70.......... When tax file numbers are cancelled................................................. 43

Division 4—Obligation to notify change of circumstance etc.              45

71.......... Notice requiring information or statements....................................... 45

72.......... Written notice.................................................................................... 45

73.......... Offence............................................................................................. 46

Division 5—Use etc. of personal information                                                 47

74.......... Use etc. of personal information....................................................... 47

75.......... Officer’s declaration.......................................................................... 47

Part 4.2—Review of decisions                                                                                       49

Division 1—Introduction                                                                                           49

76.......... Simplified outline of this Part............................................................ 49

77.......... Reviewable decisions........................................................................ 49

78.......... Reviewer of decisions....................................................................... 49

79.......... Authorised review officers................................................................ 50

80.......... Notice of reasons for decision........................................................... 50

Division 2—Internal review                                                                                     51

81.......... Internal review.................................................................................. 51

82.......... Notice to AAT Registrar................................................................... 51

83.......... Application for review...................................................................... 52

84.......... Withdrawal of application................................................................. 52

85.......... Review of decisions following application under section 83............. 52

Division 3—Administrative Appeals Tribunal review of decisions     54

86.......... Review by AAT................................................................................ 54

87.......... Decision changed before AAT review completed............................. 54

88.......... Settlement of proceedings before the AAT....................................... 54

Part 4.3—Overpayment debts                                                                                       55

89.......... Simplified outline of this Part............................................................ 55

90.......... Overpayment debt............................................................................. 55

91.......... Overseas application......................................................................... 56

92.......... Recovery of overpayment debt—payment arrangement.................... 56

93.......... Recovery of overpayment debt—legal proceedings.......................... 57

94.......... Secretary may write off overpayment debt........................................ 57

95.......... Secretary’s power to waive overpayment debt.................................. 58

96.......... Waiver of overpayment debt arising from error................................ 58

97.......... Waiver of small overpayment debt.................................................... 59

Chapter 5—Miscellaneous                                                                                   60

Part 5.1—Miscellaneous                                                                                                    60

98.......... Simplified outline of this Part............................................................ 60

99.......... Indexation of lifetime limit and yearly rate........................................ 60

100........ Application to under-18s................................................................... 61

101........ Delegation by Secretary.................................................................... 61

102........ Use of computer program to make decisions.................................... 62

103........ Annual report.................................................................................... 62

104........ Appropriation.................................................................................... 62

105........ TSL Priority List............................................................................... 63

106........ Rules................................................................................................. 63

 



A Bill for an Act to provide for trade support loans for certain apprentices, and for related purposes

The Parliament of Australia enacts:

Chapter 1 Introduction

Chapter 2 Loan payments

Chapter 3 Loan repayments

Chapter 4 Administration

Chapter 5 Miscellaneous