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Taxation Administration Amendment (Corporate Tax Entity Information) Bill 2018

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8303

2016-2017

 

The Parliament of the

Commonwealth of Australia

 

THE SENATE

 

 

 

 

 

Taxation Administration Amendment (Corporate Tax Entity Information) Bill 2017

 

 

(1)           Page 3 (after line 14), at the end of the Bill, add :

Schedule 2 Financial report ing obligations

Part 1 Repeal of instrument

ASIC Corporations (Exempt Proprietary Companies) Instrument 2015/840

1  The whole of the instrument

Repeal the instrument.

Part 2 Grandfather ed exemption

Corporations Act 2001

2  Subsection 1408(6) (table item 7)

Repeal the table item.

Part 3 Application

3  Application

(1)       This item applies to a company if, immediately before the commencement of this item, the company was exempted from complying with subsection 319(1) of the Corporations Act 2001 by the ASIC Corporations (Exempt Proprietary Companies ) Instrument 2015/840 .

(2)       Despite the amendments made by Parts 1 and 2, that exemption continues to apply to the company in relation to the 2017-18 financial year.

[removing grandfathered reporting exemption]