Title Tax and Superannuation Laws Amendment (2015 Measures No. 5) Bill 2015
Database Bills & Legislation
Long Title a Bill for an Act to amend the law relating to taxation, and for related purposes
Date 15-10-2015 09:01 AM
Source House of Reps
Parl No. 44
Bill Number 155/15
Bill Type Government
Portfolio Treasury
Reps Bill Code T
Status Act
System Id legislation/bills/r5536_first-reps/0000


Tax and Superannuation Laws Amendment (2015 Measures No. 5) Bill 2015
</head> <body lang="EN-AU" xml:lang="EN-AU"> <div class="WordSection1"> <p class="Session">2013‑2014‑2015</p> <p class="MsoNormal"><span style="font-size:14.0pt"> </span></p> <p class="MsoNormal"><span style="font-size:14.0pt">The Parliament of the</span></p> <p class="MsoNormal"><span style="font-size:14.0pt">Commonwealth of Australia</span></p> <p class="MsoNormal"><span style="font-size:14.0pt"> </span></p> <p class="House">HOUSE OF REPRESENTATIVES</p> <p class="MsoNormal"> </p> <p class="MsoNormal"> </p> <p class="MsoNormal"> </p> <p class="MsoNormal"> </p> <p class="Reading">Presented and read a first time</p> <p class="MsoNormal"><span style="font-size:9.5pt"> </span></p> <p class="MsoNormal"><span style="font-size:9.5pt"> </span></p> <p class="MsoNormal"><span style="font-size:9.5pt"> </span></p> <p class="MsoNormal"><span style="font-size:9.5pt"> </span></p> <p class="ShortT">Tax and Superannuation Laws Amendment (2015 Measures No. 5) Bill 2015</p> <p class="MsoNormal"> </p> <p class="Actno">No.      , 2015</p> <p class="MsoNormal"> </p> <p class="Portfolio">(Treasury)</p> <p class="MsoNormal"> </p> <p class="MsoNormal"> </p> <p class="MsoNormal"> </p> <p class="LongT">A Bill for an Act to amend the law relating to taxation, and for related purposes</p> <p class="MsoHeader"><span class="CharAmSchNo"> </span><span class="CharAmSchText"> </span></p> <p class="MsoHeader"><span class="CharAmPartNo"> </span><span class="CharAmPartText"> </span></p> </div> <span style="font-size:11.0pt;font-family:"Times New Roman","serif""><br clear="all" style="page-break-before:always"/></span> <div class="WordSection2"> <p class="MsoNormal"><span style="font-size:18.0pt">Contents</span></p> <p class="MsoToc5"><a name="BKCheck15B_1" id="BKCheck15B_1"/>1............ Short title............................................................................................. 1</p> <p class="MsoToc5">2............ Commencement................................................................................... 1</p> <p class="MsoToc5">3............ Schedules............................................................................................ 2</p> <p class="MsoToc6">Schedule 1—Modernising the car expense deduction rules<span style="font-size:9.0pt;font-weight:normal">                        </span> <span style="font-size:9.0pt;font-weight:normal">3</span></p> <p class="MsoToc7">Part 1—Main amendments<span style="font-size:9.0pt">                                                                                        </span> <span style="font-size:9.0pt">3</span></p> <p class="MsoToc9">Income Tax Assessment Act 1997<span style="font-size:9.0pt; font-style:normal">                                                                             </span> <span style="font-size:9.0pt;font-style:normal">3</span></p> <p class="MsoToc7">Part 2—Other amendments<span style="font-size:9.0pt">                                                                                       </span> <span style="font-size:9.0pt">4</span></p> <p class="MsoToc9">Fringe Benefits Tax Assessment Act 1986<span style="font-size: 9.0pt;font-style:normal">                                                              </span> <span style="font-size:9.0pt;font-style:normal">4</span></p> <p class="MsoToc9">Income Tax Assessment Act 1997<span style="font-size:9.0pt; font-style:normal">                                                                             </span> <span style="font-size:9.0pt;font-style:normal">7</span></p> <p class="MsoToc7">Part 3—Application and transitional provisions<span style="font-size:9.0pt">                                           </span> <span style="font-size:9.0pt">13</span></p> <p class="MsoToc6">Schedule 2—Zone tax offset<span style="font-size:9.0pt; font-weight:normal">                                                                                         </span> <span style="font-size:9.0pt;font-weight:normal">14</span></p> <p class="MsoToc9">Income Tax Assessment Act 1936<span style="font-size:9.0pt; font-style:normal">                                                                           </span> <span style="font-size:9.0pt;font-style:normal">14</span></p> <p class="MsoToc6">Schedule 3—Limiting FBT concessions on salary packaged entertainment benefits<span style="font-size:9.0pt;font-weight:normal">      </span> <span style="font-size:9.0pt;font-weight:normal">16</span></p> <p class="MsoToc9">Fringe Benefits Tax Assessment Act 1986<span style="font-size: 9.0pt;font-style:normal">                                                            </span> <span style="font-size:9.0pt;font-style:normal">16</span></p> <p class="MsoToc6">Schedule 4—Third party reporting<span style="font-size: 9.0pt;font-weight:normal">                                                                         </span> <span style="font-size:9.0pt;font-weight:normal">20</span></p> <p class="MsoToc7">Part 1—Main amendments<span style="font-size:9.0pt">                                                                                      </span> <span style="font-size:9.0pt">20</span></p> <p class="MsoToc9">Taxation Administration Act 1953<span style="font-size:9.0pt; font-style:normal">                                                                        </span> <span style="font-size:9.0pt;font-style:normal">20</span></p> <p class="MsoToc7">Part 2—Other amendments<span style="font-size:9.0pt">                                                                                     </span> <span style="font-size:9.0pt">26</span></p> <p class="MsoToc9">Income Tax Assessment Act 1997<span style="font-size:9.0pt; font-style:normal">                                                                           </span> <span style="font-size:9.0pt;font-style:normal">26</span></p> <p class="MsoToc9">Tax Agent Services Act 2009<span style="font-size:9.0pt; font-style:normal">                                                                                  </span> <span style="font-size:9.0pt;font-style:normal">26</span></p> <p class="MsoToc9">Taxation Administration Act 1953<span style="font-size:9.0pt; font-style:normal">                                                                        </span> <span style="font-size:9.0pt;font-style:normal">27</span></p> <p class="MsoToc7">Part 3—Contingent amendments<span style="font-size:9.0pt">                                                                         </span> <span style="font-size:9.0pt">30</span></p> <p class="MsoToc8">Division 1—Amendments if the Foreign Acquisitions and Takeovers Legislation Amendment Act 2015 has not already received the Royal Assent<span style="font-size:9.0pt">                                                                </span> <span style="font-size:9.0pt">30</span></p> <p class="MsoToc9">Taxation Administration Act 1953<span style="font-size:9.0pt; font-style:normal">                                                                        </span> <span style="font-size:9.0pt;font-style:normal">30</span></p> <p class="MsoToc8">Division 2—Amendments if the Foreign Acquisitions and Takeovers Legislation Amendment Act 2015 commences<span style="font-size:9.0pt">                                                                                                              </span> <span style="font-size:9.0pt">30</span></p> <p class="MsoToc9">Taxation Administration Act 1953<span style="font-size:9.0pt; font-style:normal">                                                                        </span> <span style="font-size:9.0pt;font-style:normal">30</span></p> <p class="MsoToc7">Part 4—Application of amendments<span style="font-size: 9.0pt">                                                                  </span> <span style="font-size:9.0pt">31</span></p> <p class="MsoNormal"> </p> <p class="MsoNormal"> </p> </div> <span style="font-size:11.0pt;font-family:"Times New Roman","serif""><br clear="all" style="page-break-before:always"/></span> <div class="WordSection3"> <p class="Page1">A Bill for an Act to amend the law relating to taxation, and for related purposes</p> <p class="MsoNormal" style="margin-top:12.0pt;line-height:normal"> <span style="font-size:16.0pt">The Parliament of Australia enacts:</span></p> <opc-section depth="0" ref="d1df509eaaee4be5899364dee1060ee3" title="1  Short title"><a name="d1df509eaaee4be5899364dee1060ee3"/><p class="ActHead5"><a name="_Toc432061574"><span class="CharSectno">1</span>  Short title</a></p> <p class="subsection">                    This Act may be cited as the <i>Tax and Superannuation Laws Amendment (2015 Measures No. 5)</i> <i>Act 2015</i>.</p> </opc-section><opc-section depth="0" ref="f934347692ee4b9abc115965ac07139e" title="2  Commencement"><a name="f934347692ee4b9abc115965ac07139e"/><p class="ActHead5"><a name="_Toc432061575"><span class="CharSectno">2</span>  Commencement</a></p> <p class="subsection">              (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.</p> <p class="Tabletext"> </p> <table class="MsoNormalTable" border="1" cellspacing="0" cellpadding="0" width="474" style="margin-left:5.35pt;border-collapse:collapse;border:none"> <thead> <tr> <td width="474" colspan="3" valign="top" style="width:355.55pt;border-top:solid windowtext 1.5pt; border-left:none;border-bottom:solid windowtext 1.0pt;border-right:none; padding:0cm 5.35pt 0cm 5.35pt"> <p class="TableHeading">Commencement information</p> </td> </tr> <tr> <td width="113" valign="top" style="width:3.0cm;border:none;border-bottom:solid windowtext 1.0pt; padding:0cm 5.35pt 0cm 5.35pt"> <p class="TableHeading">Column 1</p> </td> <td width="255" valign="top" style="width:191.4pt;border:none;border-bottom: solid windowtext 1.0pt;padding:0cm 5.35pt 0cm 5.35pt"> <p class="TableHeading">Column 2</p> </td> <td width="105" valign="top" style="width:79.1pt;border:none;border-bottom:solid windowtext 1.0pt; padding:0cm 5.35pt 0cm 5.35pt"> <p class="TableHeading">Column 3</p> </td> </tr> <tr> <td width="113" valign="top" style="width:3.0cm;border:none;border-bottom:solid windowtext 1.5pt; padding:0cm 5.35pt 0cm 5.35pt"> <p class="TableHeading">Provisions</p> </td> <td width="255" valign="top" style="width:191.4pt;border:none;border-bottom: solid windowtext 1.5pt;padding:0cm 5.35pt 0cm 5.35pt"> <p class="TableHeading">Commencement</p> </td> <td width="105" valign="top" style="width:79.1pt;border:none;border-bottom:solid windowtext 1.5pt; padding:0cm 5.35pt 0cm 5.35pt"> <p class="TableHeading">Date/Details</p> </td> </tr> </thead> <tr> <td width="113" valign="top" style="width:3.0cm;border:none;border-bottom:solid windowtext 1.0pt; padding:0cm 5.35pt 0cm 5.35pt"> <p class="Tabletext">1.  Sections 1 to 3 and anything in this Act not elsewhere covered by this table</p> </td> <td width="255" valign="top" style="width:191.4pt;border:none;border-bottom:solid windowtext 1.0pt; padding:0cm 5.35pt 0cm 5.35pt"> <p class="Tabletext">The day this Act receives the Royal Assent.</p> </td> <td width="105" valign="top" style="width:79.1pt;border:none;border-bottom:solid windowtext 1.0pt; padding:0cm 5.35pt 0cm 5.35pt"> <p class="Tabletext"> </p> </td> </tr> <tr> <td width="113" valign="top" style="width:3.0cm;border:none;border-bottom:solid windowtext 1.0pt; padding:0cm 5.35pt 0cm 5.35pt"> <p class="Tabletext">2.  Schedules 1, 2 and 3</p> </td> <td width="255" valign="top" style="width:191.4pt;border:none;border-bottom:solid windowtext 1.0pt; padding:0cm 5.35pt 0cm 5.35pt"> <p class="Tabletext">The day this Act receives the Royal Assent.</p> </td> <td width="105" valign="top" style="width:79.1pt;border:none;border-bottom:solid windowtext 1.0pt; padding:0cm 5.35pt 0cm 5.35pt"> <p class="Tabletext"> </p> </td> </tr> <tr> <td width="113" valign="top" style="width:3.0cm;border:none;border-bottom:solid windowtext 1.0pt; padding:0cm 5.35pt 0cm 5.35pt"> <p class="Tabletext">3.  Schedule 4, Parts 1 and 2</p> </td> <td width="255" valign="top" style="width:191.4pt;border:none;border-bottom:solid windowtext 1.0pt; padding:0cm 5.35pt 0cm 5.35pt"> <p class="Tabletext">The day this Act receives the Royal Assent.</p> </td> <td width="105" valign="top" style="width:79.1pt;border:none;border-bottom:solid windowtext 1.0pt; padding:0cm 5.35pt 0cm 5.35pt"> <p class="Tabletext"> </p> </td> </tr> <tr> <td width="113" valign="top" style="width:3.0cm;border:none;border-bottom:solid windowtext 1.0pt; padding:0cm 5.35pt 0cm 5.35pt"> <p class="Tabletext">4.  Schedule 4, Part 3, Division 1</p> </td> <td width="255" valign="top" style="width:191.4pt;border:none;border-bottom:solid windowtext 1.0pt; padding:0cm 5.35pt 0cm 5.35pt"> <p class="Tabletext">The day this Act receives the Royal Assent.</p> <p class="Tabletext">However, if the <i>Foreign Acquisitions and Takeovers Legislation Amendment Act 2015</i> receives the Royal Assent before that day, the provisions do not commence at all.</p> </td> <td width="105" valign="top" style="width:79.1pt;border:none;border-bottom:solid windowtext 1.0pt; padding:0cm 5.35pt 0cm 5.35pt"> <p class="Tabletext"> </p> </td> </tr> <tr> <td width="113" valign="top" style="width:3.0cm;border:none;border-bottom:solid windowtext 1.0pt; padding:0cm 5.35pt 0cm 5.35pt"> <p class="Tabletext">5.  Schedule 4, Part 3, Division 2</p> </td> <td width="255" valign="top" style="width:191.4pt;border:none;border-bottom:solid windowtext 1.0pt; padding:0cm 5.35pt 0cm 5.35pt"> <p class="Tabletext">The day this Act receives the Royal Assent.</p> <p class="Tabletext">However, the provisions do not commence at all if Schedule 4 to the <i>Foreign Acquisitions and Takeovers Legislation Amendment Act 2015</i> does not commence.</p> </td> <td width="105" valign="top" style="width:79.1pt;border:none;border-bottom:solid windowtext 1.0pt; padding:0cm 5.35pt 0cm 5.35pt"> <p class="Tabletext"> </p> </td> </tr> <tr> <td width="113" valign="top" style="width:3.0cm;border:none;border-bottom:solid windowtext 1.5pt; padding:0cm 5.35pt 0cm 5.35pt"> <p class="Tabletext">6.  Schedule 4, Part 4</p> </td> <td width="255" valign="top" style="width:191.4pt;border:none;border-bottom:solid windowtext 1.5pt; padding:0cm 5.35pt 0cm 5.35pt"> <p class="Tabletext">The day this Act receives the Royal Assent.</p> </td> <td width="105" valign="top" style="width:79.1pt;border:none;border-bottom:solid windowtext 1.5pt; padding:0cm 5.35pt 0cm 5.35pt"> <p class="Tabletext"> </p> </td> </tr> </table> <p class="notetext"> 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.</p> <p class="subsection">              (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.</p> </opc-section><opc-section depth="0" ref="6ecc36eb4c9546a2b9c8d55d6e7e302b" title="3  Schedules"><a name="6ecc36eb4c9546a2b9c8d55d6e7e302b"/><p class="ActHead5"><a name="_Toc432061576"><span class="CharSectno">3</span>  Schedules</a></p> <p class="subsection">                    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.</p> </opc-section><?DMS-Include seriesId="df3e3047-d905-4090-a836-5b59484dce12"?><?DMS-Include seriesId="18340bd0-bb44-4b28-bf6c-a490861b6881"?><?DMS-Include seriesId="fb50e6ef-ef77-4072-9c89-0109569fbca2"?><?DMS-Include seriesId="48638e46-adfb-4ed7-935e-246786753e7b"?></div> </body> </div></div></body></html>