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Tax and Superannuation Laws Amendment (2016 Measures No. 1) Bill 2016

2016

 

The Parliament of the

Commonwealth of Australia

 

HOUSE OF REPRESENTATIVES

 

 

 

 

As passed by both Houses

 

 

 

 

Tax and Superannuation Laws Amendment (2016 Measures No. 1) Bill 2016

 

No.      , 2016

 

 

 

 

 

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............ Schedules............................................................................................ 2

Schedule 1—Tax integrity: extending GST to digital products and other services imported by consumers                                                                                                                               3

Part 1—Main amendments                                                                                          3

A New Tax System (Goods and Services Tax) Act 1999                                         3

Part 2—Other amendments                                                                                       14

A New Tax System (Australian Business Number) Act 1999                               14

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

Taxation Administration Act 1953                                                                          18

Part 3—Application                                                                                                      20

Schedule 2—GST treatment of cross-border transactions between businesses    22

Part 1—Cross-border supplies that are not connected with the indirect tax zone               22

A New Tax System (Goods and Services Tax) Act 1999                                       22

Taxation Administration Act 1953                                                                          30

Part 2—Cross-border supplies that are GST-free                                           31

A New Tax System (Goods and Services Tax) Act 1999                                       31

Part 3—Cross-border supplies that are not included in GST turnover 33

A New Tax System (Goods and Services Tax) Act 1999                                       33

Part 4—Value of taxable importations                                                                34

A New Tax System (Goods and Services Tax) Act 1999                                       34

Part 5—Application and saving provisions                                                       35

Schedule 3—Farm management deposits                                                               37

Part 1—Main amendments                                                                                        37

Income Tax Assessment Act 1997                                                                             37

Taxation Administration Act 1953                                                                          40

Part 2—Technical amendments                                                                               41

Income Tax Assessment Act 1997                                                                             41

 

 



A Bill for an Act to amend the law relating to taxation, and for related purposes

The Parliament of Australia enacts:

1   Short title

                   This Act may be cited as the Tax and Superannuation Laws Amendment (2016 Measures No. 1) 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.  The whole of this Act

The first 1 January, 1 April, 1 July or 1 October to occur after 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   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.