1998-99

 

The Parliament of the

Commonwealth of Australia

 

HOUSE OF REPRESENTATIVES

 

 

 

 

Presented and read a first time

 

 

 

 

 

 

 

 

 

A New Tax System (Tax Administration) Bill 1999

 

No.      , 1999

 

(Treasury)

 

 

 

A Bill for an Act to implement A New Tax System by amending the law about taxation and Australian Business Numbers, and for related purposes

   

   

Contents

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

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

3............ Schedule(s)......................................................................................... 3

Schedule 1—Pay as you go (PAYG) withholding                                                4

Part 1—Amendment of the Taxation Administration Act 1953              4

Part 2—Amendment of A New Tax System (Family Assistance) (Administration) Act 1999    10

Part 3—Application and saving                                                                              11

Schedule 2—Collection and recovery rules                                                           12

Part 1—Amendment of the Taxation Administration Act 1953            12

Part 2—Consequential amendment of Acts                                                     39

A New Tax System (Goods and Services Tax) Act 1999                                       39

Fringe Benefits Tax Assessment Act 1986                                                              39

Income Tax Assessment Act 1936                                                                             40

Petroleum Resource Rent Tax Assessment Act 1987                                            50

Sales Tax Assessment Act 1992                                                                                51

Superannuation Contributions Tax (Assessment and Collection) Act 1997 52

Superannuation Contributions Tax (Members of Constitutionally Protected Superannuation Funds) Assessment and Collection Act 1997                                                                                                   53

Superannuation Guarantee (Administration) Act 1992                                     53

Taxation Administration Act 1953                                                                          54

Termination Payments Tax (Assessment and Collection) Act 1997                  57

Tobacco Charges Assessment Act 1955                                                                 57

Wool Tax (Administration) Act 1964                                                                      58

Part 3—Saving provisions                                                                                          60

Schedule 3—Binding oral advice on income tax matters                              64

Part 1—Amendment of the Taxation Administration Act 1953            64

Part 2—Consequential amendment of Act                                                       81

Income Tax Assessment Act 1936                                                                             81

Schedule 4—Payment, ABN and identification verification system      85

Part 1—Amendment of the Taxation Administration Act 1953            85

Part 2—Application of amendments                                                                    94

Schedule 5—TFN declarations and certain annual reports                        95

Part 1—Amendments                                                                                                   95

Income Tax Assessment Act 1936                                                                             95

Social Security Act 1991                                                                                         104

Social Security Administration Act 1999                                                            105

Taxation Administration Act 1953                                                                        105

Veterans’ Entitlements Act 1986                                                                           107

Part 2—Application and transitional                                                                  108

Schedule 6—Shorter period of review (SPOR) taxpayers                         109

Part 1—Income Tax Assessment Act 1936                                                    109

Part 2—Taxation Administration Act 1953                                                    118

Part 3—Application of amendments                                                                  122

Schedule 7—Endorsement of deductible gift recipients                              123

Income Tax Assessment Act 1997                                                                           123

Schedule 8—Endorsing entities as exempt from income tax                    140

Income Tax Assessment Act 1997                                                                           140

Schedule 9—ABNs                                                                                                             151

Part 1—ABNs for government entities                                                             151

A New Tax System (Australian Business Number) Act 1999                             151

Part 2—Changes relating to tax-deductible gifts                                         152

A New Tax System (Australian Business Number) Act 1999                             152

Part 3—Technical correction                                                                                  153

A New Tax System (Australian Business Number) Act 1999                             153

Schedule 10—Pay as you go (PAYG) system of collecting income tax etc. liabilities         154

Part 1—Amendment of the Taxation Administration Act 1953          154

Part 2—Amendment of other Acts                                                                     165

A New Tax System (Pay As You Go) Act 1999                                                     165

Income Tax Assessment Act 1936                                                                           165

Schedule 11—PAYG withholding consequential amendments               167

Aboriginal Land Rights (Northern Territory) Act 1976                                    167

Bankruptcy Act 1966                                                                                               167

Child Support (Registration and Collection) Act 1988                                    167

Crimes (Taxation Offences) Act 1980                                                                   168

Defence Act 1903                                                                                                      169

Higher Education Funding Act 1988                                                                   169

Income Tax Assessment Act 1936                                                                           169

Income Tax Assessment Act 1997                                                                           182

Income Tax Rates Act 1986                                                                                     188

Public Service Act 1922                                                                                          188

Social Security Act 1991                                                                                         188

Taxation Administration Act 1953                                                                        189

Taxation (Interest on Overpayments and Early Payments) Act 1983             189

Veterans’ Entitlements Act 1986                                                                           189

Schedule 12—Civil penalties                                                                                         191

A New Tax System (Goods and Services Tax) Act 1999                                     191

Income Tax Assessment Act 1936                                                                           191

Taxation Administration Act 1953                                                                        192

Schedule 13—Delayed refund interest                                                                   198

Taxation (Interest on Overpayments and Early Payments) Act 1983             198

Schedule 14—PAYG withholding registration                                                 202

Taxation Administration Act 1953                                                                        202

Schedule 15—Consequential amendment of indirect tax law                  205

A New Tax System (Goods and Services Tax) Act 1999                                     205

A New Tax System (Wine Equalisation Tax) Act 1999                                      206

Taxation Administration Act 1953                                                                        206

Schedule 16—PAYG instalments consequential amendments                208

Crimes (Taxation Offences) Act 1980                                                                   208

Higher Education Funding Act 1988                                                                   208

Income Tax Assessment Act 1936                                                                           208

Income Tax Assessment Act 1997                                                                           212

Taxation (Interest on Overpayments and Early Payments) Act 1983             212

Schedule 17—Savings rebate                                                                                       216

Income Tax Assessment Act 1936                                                                           216

Schedule 18—Consequential amendment of Chapter 6 (the Dictionary) of the Income Tax Assessment Act 1997                                                                                                       217

 

A Bill for an Act to implement A New Tax System by amending the law about taxation and Australian Business Numbers, and for related purposes

The Parliament of Australia enacts:

1   Short title

                   This Act may be cited as the A New Tax System (Tax Administration) Act 1999 .

2   Commencement

             (1)  Subject to this section, this Act commences, or is taken to have commenced, immediately after the commencement of section 1 of the A New Tax System (Pay As You Go) Act 1999 .

             (2)  Item 20 of Schedule 12 commences immediately after the commencement of item 1 of Schedule 2.

             (3)  Item 3 of Schedule 2 commences immediately after the commencement of item 20 of Schedule 12.

             (4)  Schedule 3 commences immediately after the commencement of item 3 of Schedule 2.

             (5)  Schedule 4 commences immediately after the commencement of Schedule 3.

             (6)  Item 4 of Schedule 2 commences immediately after the commencement of Schedule 4.

             (7)  The following provisions commence on the day on which this Act receives the Royal Assent:

                     (a)  section 1, this section and section 3;

                     (b)  Part 2 of Schedule 5, and the amendments of the Taxation Administration Act 1953 made by Part 1 of that Schedule;

                     (c)  items 1 to 22 and 24 of Schedule 6;

                     (d)  Schedules 7, 8, 9 and 17;

                     (e)  items 16 and 20 of Schedule 18.

             (8)  Items 94 to 102 of Schedule 2 commence immediately after the commencement of the A New Tax System (Indirect Tax Administration) Act 1999 .

             (9)  The following provisions commence on 1 July 2000:

                     (a)  the provisions of Schedule 5 (other than Part 2 of that Schedule and the amendments of the Taxation Administration Act 1953 made by Part 1 of that Schedule);

                     (b)  Schedule 11 (other than item 44).

           (10)  If item 4 of Schedule 7 would, apart from this subsection, commence after (or at the same time as) item 10 of Schedule 5 to the Taxation Laws Amendment Act (No. 8) 1999 , it is taken to have commenced immediately before the commencement of item 10 of Schedule 5 to that Act. This has effect despite paragraph (7)(d).

           (11)  Subsection 2(1A) of the A New Tax System (Pay As You Go) Act 1999 (inserted by item 19 of Schedule 10 to this Act) commences, or is taken to have commenced, at the commencement of section 1 of that Act.

           (12)  Schedules 12 and 15 commence, or are taken to have commenced, at the commencement of the A New Tax System (Goods and Services Tax) Act 1999 .

           (13)  Items 2, 3 and 4 of Schedule 13 commence immediately after the commencement of item 34 of Schedule 16.

           (14)  Items 4, 5, 17, 21 and 32 of Schedule 18 commence, or are taken to have commenced, at the commencement of the A New Tax System (Goods and Services Tax) Act 1999 .

3   Schedule(s)

                   Subject to section 2, each Act 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.