Download Word 
Download PDF Bill home page
Table Of Contents
Next Fragment
-
Bill
- Schedule 1—Digital games tax offset
- Schedule 2—Taxation treatment of digital currency
- Schedule 3—Reducing the compliance burden of record keeping for fringe benefits tax
- Schedule 4—Skills and Training Boost
- Schedule 5—Technology investment boost
- Schedule 6—Financial reporting and auditing requirements for superannuation entities
- Schedule 7—Deductible gift recipients
- Schedule 8—Amendment of the Clean Energy Finance Corporation Act 2012
- Schedule 9—Taxation of military superannuation benefits: Reversing the Douglas decision
2022
The Parliament of the
Commonwealth of Australia
HOUSE OF REPRESENTATIVES
Presented and read a first time
Treasury Laws Amendment (2022 Measures No. 4) Bill 2022
No. , 2022
(Treasury)
A Bill for an Act to amend the law relating to taxation, superannuation and the Clean Energy Finance Corporation, and for related purposes
Contents
1............ Short title............................................................................................ 1
2............ Commencement.................................................................................. 1
3............ Schedules............................................................................................ 2
Schedule 1—Digital games tax offset 4
Income Tax Assessment Act 1997 4
Schedule 2—Taxation treatment of digital currency 32
Part 1—Main amendments 32
A New Tax System (Goods and Services Tax) Act 1999 32
A New Tax System (Goods and Services Tax) Regulations 2019 32
Income Tax Assessment Act 1997 34
Part 2—Application of amendments 35
A New Tax System (Goods and Services Tax) Regulations 2019 35
Schedule 3—Reducing the compliance burden of record keeping for fringe benefits tax 36
Fringe Benefits Tax Assessment Act 1986 36
Schedule 4—Skills and Training Boost 38
Income Tax (Transitional Provisions) Act 1997 38
Schedule 5—Technology investment boost 42
Income Tax (Transitional Provisions) Act 1997 42
Schedule 6—Financial reporting and auditing requirements for superannuation entities 47
Part 1—Amendment of the Corporations Act 2001 47
Corporations Act 2001 47
Part 2—Amendments of other Acts 87
Australian Securities and Investments Commission Act 2001 87
Superannuation Industry (Supervision) Act 1993 87
Schedule 7—Deductible gift recipients 119
Income Tax Assessment Act 1997 119
Schedule 8—Amendment of the Clean Energy Finance Corporation Act 2012 121
Clean Energy Finance Corporation Act 2012 121
Schedule 9—Taxation of military superannuation benefits: Reversing the Douglas decision 123
Income Tax Assessment (1997 Act) Regulations 2021 123
Income Tax Assessment Act 1997 126
Income Tax (Transitional Provisions) Act 1997 128
A Bill for an Act to amend the law relating to taxation, superannuation and the Clean Energy Finance Corporation, and for related purposes
The Parliament of Australia enacts:
This Act is the Treasury Laws Amendment (2022 Measures No. 4) 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. Schedules 1 to 5 |
The first 1 January, 1 April, 1 July or 1 October to occur after the day this Act receives the Royal Assent. |
|
|
3. Schedule 6 |
1 July 2023. |
1 July 2023 |
|
4. Schedule 7 |
The first 1 January, 1 April, 1 July or 1 October to occur after the day this Act receives the Royal Assent. |
|
|
5. Schedules 8 and 9 |
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.
Note 1: The provisions of the A New Tax System (Goods and Services Tax) Regulations 2019 amended or inserted by this Act, and any other provisions of that instrument, may be amended or repealed by regulations made under the A New Tax System (Goods and Services Tax) Act 1999 (see subsection 13(5) of the Legislation Act 2003 ).
Note 2: The provisions of the Income Tax Assessment (1997 Act) Regulations 2021 amended or inserted by this Act, and any other provisions of that instrument, may be amended or repealed by regulations made under the Income Tax Assessment Act 1997 (see subsection 13(5) of the Legislation Act 2003 ).