Download Word
Download PDF2019-2020-2021-2022
The Parliament of the
Commonwealth of Australia
Presented and read a first time
Treasury Laws Amendment (Streamlining and Improving Economic Outcomes for Australians) Bill 2022
No. , 2022
(Treasury)
Contents
1............ Short title............................................................................................ 1
2............ Commencement.................................................................................. 1
3............ Schedules............................................................................................ 2
Schedule 1—Licensing exemptions for foreign financial services providers 3
Corporations Act 2001 3
Schedule 2—Financial reporting and auditing requirements for registrable superannuation entities 23
Part 1—Amendment of the Corporations Act 2001 23
Division 1—General amendments 23
Corporations Act 2001 23
Division 2—Amendments contingent on the commencement of the Treasury Laws Amendment (Registries Modernisation and Other Measures) Act 2020 63
Corporations Act 2001 63
Part 2—Amendments of other Acts 64
Australian Securities and Investments Commission Act 2001 64
Superannuation Industry (Supervision) Act 1993 64
Schedule 3—Increased Tribunal powers for small business tax decisions 96
Taxation Administration Act 1953 96
A Bill for an Act to amend the law relating to financial services, registrable superannuation entities and taxation, and for related purposes
The Parliament of Australia enacts:
This Act is the Treasury Laws Amendment (Streamlining and Improving Economic Outcomes for Australians) Act 2022 .
(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 |
1 April 2023. |
1 April 2023 |
|
3. Schedule 2, Part 1, Division 1 |
1 July 2023. |
1 July 2023 |
|
4. Schedule 2, Part 1, Division 2 |
The later of: (a) immediately after the commencement of the provisions covered by table item 3; and (b) the commencement of item 609 of Schedule 1 to the Treasury Laws Amendment (Registries Modernisation and Other Measures) Act 2020 . |
|
|
5. Schedule 2, Part 2 |
1 July 2023. |
1 July 2023 |
|
6. Schedule 3 |
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.
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.