Contents

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

2............ Commencement................................................................................... 2

3............ Schedules............................................................................................ 3

Schedule 1--Modernising the car expense deduction rules                         4

Part 1--Main amendments                                                                                         4

Income Tax Assessment Act 1997                                                                              4

Part 2--Other amendments                                                                                        5

Fringe Benefits Tax Assessment Act 1986                                                               5

Income Tax Assessment Act 1997                                                                              8

Part 3--Application and transitional provisions                                            14

Schedule 2--Zone tax offset                                                                                          15

Income Tax Assessment Act 1936                                                                            15

Schedule 3--Limiting FBT concessions on salary packaged entertainment benefits       17

Fringe Benefits Tax Assessment Act 1986                                                             17

Schedule 4--Third party reporting                                                                          21

Part 1--Main amendments                                                                                       21

Taxation Administration Act 1953                                                                         21

Part 2--Other amendments                                                                                      27

Income Tax Assessment Act 1997                                                                            27

Tax Agent Services Act 2009                                                                                   27

Taxation Administration Act 1953                                                                         28

Part 3--Contingent amendments                                                                          31

Division 1--Amendments if the Foreign Acquisitions and Takeovers Legislation Amendment Act 2015 has not already received the Royal Assent                                                                 31

Taxation Administration Act 1953                                                                         31

Division 2--Amendments if the Foreign Acquisitions and Takeovers Legislation Amendment Act 2015 commences                                                                                                               31

Taxation Administration Act 1953                                                                         31

Part 4--Application of amendments                                                                   32

 

 

 

 

Tax and Superannuation Laws Amendment (2015 Measures No. 5) Act 2015

No. 162, 2015

 

An Act to amend the law relating to taxation, and for related purposes

[Assented to 30 November 2015]

The Parliament of Australia enacts: