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Title

Treasury Laws Amendment (2019 Measures No. 1) Bill 2019

Database

Bills & Legislation

Long Title

a Bill for an Act to amend the law relating to superannuation, taxation, corporations, financial services, consumers, competition and statistics, and for related purposes

Date

03-04-2019 09:23 PM

Source

House of Reps

Parl No.

45

Bill Number

22/19

Bill Type

Government

Portfolio

Treasury

Reps Bill Code

T

Status

Act

System Id

legislation/bills/r6278_aspassed/0000


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Treasury Laws Amendment (2019 Measures No. 1) Bill 2019

2016-2017-2018-2019

 

The Parliament of the

Commonwealth of Australia

 

HOUSE OF REPRESENTATIVES

 

 

 

 

As passed by both Houses

 

 

 

 

Treasury Laws Amendment (2019 Measures No. 1) Bill 2019

 

No.      , 2019

 

 

 

 

 

A Bill for an Act to amend the law relating to superannuation, taxation, corporations, financial services, consumers, competition and statistics, and for related purposes

   

   

Contents

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

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

3............ Schedules............................................................................................ 2

Schedule 2—Extending support for craft brewers                                            3

Excise Act 1901                                                                                                             3

Schedule 3—Exemption for Global Infrastructure Hub Ltd                      4

Income Tax Assessment Act 1997                                                                               4

Tax and Superannuation Laws Amendment (2015 Measures No. 1) Act 2015 4

Schedule 4—Miscellaneous amendments                                                                  5

Part 1—Amendments commencing day after Royal Assent                      5

Australian Prudential Regulation Authority Act 1998                                         5

Banking Act 1959                                                                                                         5

Competition and Consumer Act 2010                                                                      5

Corporations Act 2001                                                                                                7

Financial Sector (Transfer and Restructure) Act 1999                                       12

National Consumer Credit Protection Act 2009                                                  12

Part 2—Amendments commencing the first 1 January, 1 April, 1 July or 1 October to occur after Royal Assent                                                                                                                14

A New Tax System (Family Assistance) (Administration) Act 1999                  14

Income Tax Assessment Act 1936                                                                             14

Income Tax Assessment Act 1997                                                                             14

Superannuation Industry (Supervision) Act 1993                                               17

Taxation Administration Act 1953                                                                          18

Part 3—Amendments commencing 28 days after Royal Assent           20

Australian Bureau of Statistics Act 1975                                                              20

Part 4—Amendments commencing 1 January 2019                                     21

Corporations Act 2001                                                                                              21

 

 

A Bill for an Act to amend the law relating to superannuation, taxation, corporations, financial services, consumers, competition and statistics, and for related purposes

The Parliament of Australia enacts:

1   Short title

                   This Act is the Treasury Laws Amendment (2019 Measures No. 1) Act 2019 .

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.  Sections 1 to 3 and anything in this Act not elsewhere covered by this table

The day this Act receives the Royal Assent.

 

9.  Schedule 2

At the same time as the Excise Tariff Amendment (Supporting Craft Brewers) Act 2019 commences.

However, the provisions do not commence at all if that Act does not commence.

 

10.  Schedule 3

The first 1 January, 1 April, 1 July or 1 October to occur after the day this Act receives the Royal Assent.

 

11.  Schedule 4, Part 1

The day after this Act receives the Royal Assent.

 

12.  Schedule 4, Part 2

The first 1 January, 1 April, 1 July or 1 October to occur after the day this Act receives the Royal Assent.

 

13.  Schedule 4, Part 3

The 28th day after this Act receives the Royal Assent.

 

14.  Schedule 4, Part 4

1 January 2019.

1 January 2019

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.