Title Treasury Laws Amendment (2018 Measures No. 5) Bill 2018
Database Bills & Legislation
Long Title a Bill for an Act to amend the law relating to taxation and competition, and for related purposes
Date 18-02-2019 05:07 PM
Source House of Reps
Parl No. 45
Bill Number 198/18
Bill Type Government
Portfolio Treasury
Reps Bill Code T
Status Act
System Id legislation/bills/r6189_aspassed/0000


Treasury Laws Amendment (2018 Measures No. 5) Bill 2018
</head> <body lang="EN-AU"> <div class="WordSection1"> <p class="Session">2016‑2017‑2018‑2019</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">As passed by both Houses</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">Treasury Laws Amendment (2018 Measures No. 5) Bill 2019</p> <p class="MsoNormal"> </p> <p class="Actno">No.      , 2019</p> <p class="MsoNormal"> </p> <p class="MsoNormal"> </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 competition, 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">1............ Short title............................................................................................. 1</p> <p class="MsoToc5">2............ Commencement................................................................................... 1</p> <p class="MsoToc5">3............ Schedules............................................................................................ 2</p> <p class="MsoToc6">Schedule 1—AMIT technical amendments<span style="font-size:9.0pt;font-weight:normal">                                                           </span> <span style="font-size:9.0pt;font-weight:normal">3</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">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="MsoToc9">Income Tax (Transitional Provisions) Act 1997<span style="font-size:9.0pt;font-style:normal">                                                   </span> <span style="font-size:9.0pt;font-style:normal">6</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">6</span></p> <p class="MsoToc9">Tax Laws Amendment (New Tax System for Managed Investment Trusts) Act 2016<span style="font-size:9.0pt;font-style:normal">          </span> <span style="font-size:9.0pt;font-style:normal">10</span></p> <p class="MsoToc6">Schedule 4—Repeal of subsection 51(3) of the Competition and Consumer Act 2010<span style="font-size:9.0pt;font-weight:normal">  </span> <span style="font-size:9.0pt;font-weight:normal">13</span></p> <p class="MsoToc9">Competition and Consumer Act 2010<span style="font-size:9.0pt; font-style:normal">                                                                  </span> <span style="font-size:9.0pt;font-style:normal">13</span></p> <p class="MsoToc6">Schedule 5—Small business access to justice<span style="font-size:9.0pt;font-weight:normal">                                                      </span> <span style="font-size:9.0pt;font-weight:normal">15</span></p> <p class="MsoToc9">Australian Small Business and Family Enterprise Ombudsman Act 2015<span style="font-size:9.0pt;font-style:normal">    </span> <span style="font-size:9.0pt;font-style:normal">15</span></p> <p class="MsoToc9">Competition and Consumer Act 2010<span style="font-size:9.0pt; font-style:normal">                                                                  </span> <span style="font-size:9.0pt;font-style:normal">17</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 competition, 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="2819642fc3ab4c48bbc500012c693943" title="1  Short title"><a name="2819642fc3ab4c48bbc500012c693943"/><p class="ActHead5"><a name="_Toc1412123"><span class="CharSectno">1</span>  Short title</a></p> <p class="subsection">                    This Act is the <i>Treasury Laws Amendment (2018 Measures No. 5) Act 2019</i>.</p> </opc-section><opc-section depth="0" ref="c22dca982a3d4ff49db09020afc1e83b" title="2  Commencement"><a name="c22dca982a3d4ff49db09020afc1e83b"/><p class="ActHead5"><a name="_Toc1412124"><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.  Schedule 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 first 1 January, 1 April, 1 July or 1 October to occur after 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">5.  Schedule 4</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 after the end of the period of 6 months beginning on 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 1.5pt; padding:0cm 5.35pt 0cm 5.35pt"> <p class="Tabletext">6.<a name="BK_S1P1L20C3"/>  Schedule 5</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 after this Act receives the Royal Assent<a name="BK_S1P1L21C7"/>.</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="0a5740f431ab43f4b6ae684cd0e47560" title="3  Schedules"><a name="0a5740f431ab43f4b6ae684cd0e47560"/><p class="ActHead5"><a name="_Toc1412125"><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="4c6c430e-1743-4868-8b56-a71f13f1c51f"?><?DMS-Include seriesId="72d0d69b-8743-4932-8c3d-0ff7d70eb2f4"?><?DMS-Include seriesId="78fcca9e-2b7f-4b7d-bd86-e7081dabb1c9"?></div> </body> </div></div></body></html>