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Title

Treasury Laws Amendment (2018 Superannuation Measures No. 1) Bill 2019

Database

Bills & Legislation

Long Title

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

Date

24-07-2019 10:21 AM

Source

House of Reps

Parl No.

46

Bill Number

131/19

Bill Type

Government

Portfolio

Treasury

Reps Bill Code

T

Status

Act

System Id

legislation/bills/r6368_first-reps/0000


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Treasury Laws Amendment (2018 Superannuation Measures No. 1) Bill 2019

2019

 

The Parliament of the

Commonwealth of Australia

 

HOUSE OF REPRESENTATIVES

 

 

 

 

Presented and read a first time

 

 

 

 

Treasury Laws Amendment (2018 Superannuation Measures No. 1) Bill 2019

 

No.      , 2019

 

(Treasury)

 

 

 

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

   

   

Contents

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

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

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

Schedule 1—Superannuation: employees with multiple employers         3

Part 1—Main amendments                                                                                          3

Superannuation Guarantee (Administration) Act 1992                                       3

Part 2—Consequential amendments                                                                       7

Administrative Decisions (Judicial Review) Act 1977                                          7

Schedule 2—Non-arm’s length income of complying superannuation entities      8

Income Tax Assessment Act 1997                                                                               8

Schedule 3—Limited recourse borrowing arrangements                             10

Part 1—Amendments                                                                                                   10

Income Tax Assessment Act 1997                                                                             10

Taxation Administration Act 1953                                                                          12

Part 2—Application provisions                                                                               13

Income Tax (Transitional Provisions) Act 1997                                                   13

 

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

The Parliament of Australia enacts:

1   Short title

                   This Act is the Treasury Laws Amendment (2018 Superannuation 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.

 

2.  Schedule 1

The day after this Act receives the Royal Assent.

 

3.  Schedules 2 and 3

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.