Download Word
Download PDF2022-2023
The Parliament of the
Commonwealth of Australia
Presented and read a first time
No. , 2023
(Treasury)
A Bill for an Act to amend the law relating to corporations and taxation, and for related purposes
Contents
1............ Short title............................................................................................ 1
2............ Commencement.................................................................................. 1
3............ Schedules............................................................................................ 2
Schedule 1—Multinational tax transparency—disclosure of subsidiaries 3
Corporations Act 2001 3
Schedule 2—Thin capitalisation 6
Part 1—Amendments 6
Income Tax Assessment Act 1936 6
Income Tax Assessment Act 1997 6
Taxation Administration Act 1953 62
Part 2—Application 63
A Bill for an Act to amend the law relating to corporations and taxation, and for related purposes
The Parliament of Australia enacts:
This Act is the Treasury Laws Amendment (Making Multinationals Pay Their Fair Share—Integrity and Transparency) Act 2023 .
(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. Schedule 2 |
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Note: This table relates only to the provisions of this Act as originally enacted.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.
Legislation that is specified in a Schedule to this Act is amended or repealed as set out in the applicable items in the Schedule concerned, and any other item in a Schedule to this Act has effect according to its terms.