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Bills of the current Parliament

Although every effort is made to ensure the accuracy of bills homepages, the authoritative sources for verifying the progress of bills are the House of Representatives Votes and Proceedings and the Journals of the Senate.

Treasury Laws Amendment (2022 Measures No. 2) Bill 2022

Type	Government
Originating house	House of Representatives
Status	Act
Portfolio	Treasury

Summary

Amends the: Taxation Administration Act 1953 to: require electronic platform operators to provide information on transactions to the Australian Taxation Office; enable small business entities to apply to the Administrative Appeals Tribunal (AAT) for an order staying, or otherwise affecting, the operation or implementation of decisions of the Commissioner of Taxation being reviewed by the AAT; and enable the commissioner to direct an entity to complete an approved recordkeeping course as an alternative to financial penalties where they reasonably believe the entity has failed to comply with its tax-related recordkeeping obligations; Income Tax Assessment Act 1997 and Taxation Administration Act 1953 to make consequential amendments; Fringe Benefits Tax Assessment Act 1986, Income Tax Assessment Act 1936 and Income Tax Assessment Act 1997 to remove the $250 non-deductible threshold for work-related self-education expenses; and Income Tax Assessment Act 1997 to enable individuals aged 55 and above to make downsizer contributions to their superannuation plan from the proceeds of selling their main residence.

Progress of bill

For committee reference information, please see the Notes section at the end of this page.

House of Representatives
Introduced and read a first time	03/08/22
Second reading moved	03/08/22
Second reading debate	08/09/22
Second reading debate	26/09/22
Second reading agreed to	26/09/22
Third reading agreed to	26/09/22

Senate
Introduced and read a first time	26/09/22
Second reading moved	26/09/22
Second reading debate	28/11/22
Second reading agreed to	28/11/22
Third reading agreed to	28/11/22

Finally passed both Houses	28/11/22
Assent	12/12/22	Act no: 84 - Year: 2022