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Treasury Laws Amendment (2020 Measures No. 4) Bill 2021

2019-2020-2021

 

The Parliament of the

Commonwealth of Australia

 

HOUSE OF REPRESENTATIVES

 

 

 

 

As read a third time

 

 

 

 

Treasury Laws Amendment (2020 Measures No. 4) Bill 2021

 

No.      , 2021

 

 

 

 

 

A Bill for an Act to amend the law relating to taxation, superannuation, industry codes and the Coronavirus economic response, and for related purposes

   

   



Contents

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

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

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

Schedule 1—Refund of large-scale generation shortfall charge                3

Income Tax Assessment Act 1997                                                                               3

Schedule 2—Transitional provisions relating to the repeal of the Superannuation (Resolution of Complaints) Act 1993                                                                              4

Treasury Laws Amendment (Putting Consumers First—Establishment of the Australian Financial Complaints Authority) Act 2018                                                                                                                         4

Schedule 3—Industry code penalties under Part IVB of the Competition and Consumer Act 2010      6

Competition and Consumer Act 2010                                                                      6

Schedule 4—Modification power                                                                                  8

Coronavirus Economic Response Package Omnibus (Measures No. 2) Act 2020               8

 

 



This Bill originated in the House of Representatives; and, having this day passed, is now ready for presentation to the Senate for its concurrence.

C. A. SURTEES

Clerk of the House of Representatives

House of Representatives

25 March 2021

A Bill for an Act to amend the law relating to taxation, superannuation, industry codes and the Coronavirus economic response, and for related purposes

The Parliament of Australia enacts:

1   Short title

                   This Act is the Treasury Laws Amendment (2020 Measures No. 4) Act 2021 .

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

 

3.  Schedules 2 to 4

The day after 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.