Title Treasury Laws Amendment (2019 Measures No. 1) Bill 2019
Database Bills & Legislation
Long Title a Bill for an Act to amend the law relating to superannuation, taxation, corporations, financial services, consumers, competition and statistics, and for related purposes
Date 03-04-2019 09:23 PM
Source House of Reps
Parl No. 45
Bill Number 22/19
Bill Type Government
Portfolio Treasury
Reps Bill Code T
Status Act
System Id legislation/bills/r6278_aspassed/0000


Treasury Laws Amendment (2019 Measures No. 1) Bill 2019
</head> <body lang="EN-AU" link="blue" vlink="blue"> <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 (2019 Measures No. 1) 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 superannuation, taxation, corporations, financial services, consumers, competition and statistics, 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 2—Extending support for craft brewers<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">Excise Act 1901<span style="font-size:9.0pt;font-style:normal">                                                                                                           </span> <span style="font-size:9.0pt;font-style:normal">3</span></p> <p class="MsoToc6">Schedule 3—Exemption for Global Infrastructure Hub Ltd<span style="font-size:9.0pt;font-weight:normal">                    </span> <span style="font-size:9.0pt;font-weight: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">4</span></p> <p class="MsoToc9">Tax and Superannuation Laws Amendment (2015 Measures No. 1) Act 2015 <span style="font-size:9.0pt;font-style:normal">4</span></p> <p class="MsoToc6">Schedule 4—Miscellaneous amendments<span style="font-size:9.0pt;font-weight:normal">                                                                </span> <span style="font-size:9.0pt;font-weight:normal">5</span></p> <p class="MsoToc7">Part 1—Amendments commencing day after Royal Assent<span style="font-size:9.0pt">                    </span> <span style="font-size:9.0pt">5</span></p> <p class="MsoToc9">Australian Prudential Regulation Authority Act 1998<span style="font-size:9.0pt;font-style:normal">                                       </span> <span style="font-size:9.0pt;font-style:normal">5</span></p> <p class="MsoToc9">Banking Act 1959<span style="font-size:9.0pt;font-style:normal">                                                                                                       </span> <span style="font-size:9.0pt;font-style:normal">5</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">5</span></p> <p class="MsoToc9">Corporations Act 2001<span style="font-size:9.0pt;font-style: normal">                                                                                              </span> <span style="font-size:9.0pt;font-style:normal">7</span></p> <p class="MsoToc9">Financial Sector (Transfer and Restructure) Act 1999<span style="font-size:9.0pt;font-style:normal">                                     </span> <span style="font-size:9.0pt;font-style:normal">12</span></p> <p class="MsoToc9">National Consumer Credit Protection Act 2009<span style="font-size:9.0pt;font-style:normal">                                                </span> <span style="font-size:9.0pt;font-style:normal">12</span></p> <p class="MsoToc7">Part 2—Amendments commencing the first 1 January, 1 April, 1 July or 1 October to occur after Royal Assent<span style="font-size:9.0pt">                                                                                                              </span> <span style="font-size:9.0pt">14</span></p> <p class="MsoToc9">A New Tax System (Family Assistance) (Administration) Act 1999<span style="font-size:9.0pt;font-style:normal">                </span> <span style="font-size:9.0pt;font-style: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="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">14</span></p> <p class="MsoToc9">Superannuation Industry (Supervision) Act 1993<span style="font-size:9.0pt;font-style:normal">                                             </span> <span style="font-size:9.0pt;font-style:normal">17</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">18</span></p> <p class="MsoToc7">Part 3—Amendments commencing 28 days after Royal Assent<span style="font-size:9.0pt">         </span> <span style="font-size:9.0pt">20</span></p> <p class="MsoToc9">Australian Bureau of Statistics Act 1975<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 4—Amendments commencing 1 January 2019<span style="font-size:9.0pt">                                   </span> <span style="font-size:9.0pt">21</span></p> <p class="MsoToc9">Corporations Act 2001<span style="font-size:9.0pt;font-style: normal">                                                                                            </span> <span style="font-size:9.0pt;font-style:normal">21</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 superannuation, taxation, corporations, financial services, consumers, competition and statistics, 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="0681788f211340d1bf7b8a3e0bccd1c1" title="1  Short title"><a name="0681788f211340d1bf7b8a3e0bccd1c1"/><p class="ActHead5"><a name="_Toc5087641"><span class="CharSectno">1</span>  Short title</a></p> <p class="subsection">                    This Act is the <i>Treasury Laws Amendment (2019 Measures No. 1) Act 2019</i>.</p> </opc-section><opc-section depth="0" ref="a932184cff9a400c9d155cf0e66b80a6" title="2  Commencement"><a name="a932184cff9a400c9d155cf0e66b80a6"/><p class="ActHead5"><a name="_Toc5087642"><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">9.  Schedule 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">At the same time as the <i>Excise Tariff Amendment (Supporting Craft Brewers) Act 2019</i> commences.</p> <p class="Tabletext">However, the provisions do not commence at all if that Act 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 1.0pt; padding:0cm 5.35pt 0cm 5.35pt"> <p class="Tabletext">10.  Schedule 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 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">11.  Schedule 4, Part 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 after 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">12.  Schedule 4, Part 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 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">13.  Schedule 4, Part 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 28th day after 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">14.  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">1 January 2019.</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">1 January 2019</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="2262299420684084a871437fcc347a01" title="3  Schedules"><a name="2262299420684084a871437fcc347a01"/><p class="ActHead5"><a name="_Toc5087643"><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="cf18a2b0-5b8b-473a-8934-ecb54208a1fd"?><?DMS-Include seriesId="c9651706-939d-4cf9-9c16-05833bf7e03f"?><?DMS-Include seriesId="dcbdfa7a-cafa-436c-aaf5-b2cf92f31835"?></div> </body> </div></div></body></html>