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TREASURY LAWS AMENDMENT (2018 MEASURES NO. 4) ACT 2019 (NO. 8, 2019) - NOTES

 

No. 8, 2019

 

 

 

 

 

  

  


Contents

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

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

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

Schedule 1--Direction powers                                                                                       4

Part 1--Direction to pay superannuation guarantee charge                       4

Taxation Administration Act 1953                                                                           4

Part 2--Education directions                                                                                  10

Taxation Administration Act 1953                                                                         10

Part 3--Consequential amendments                                                                    15

Administrative Decisions (Judicial Review) Act 1977                                       15

Taxation Administration Act 1953                                                                         15

Schedule 2--Disclosure of information about non-compliance               16

Taxation Administration Act 1953                                                                         16

Schedule 3--Single touch payroll reporting                                                        18

Part 1--Single touch payroll reporting                                                               18

Income Tax Assessment Act 1997                                                                            18

Taxation Administration Act 1953                                                                         18

Part 2--Reporting of salary sacrifice amounts                                               20

Taxation Administration Act 1953                                                                         20

Schedule 4--Fund reporting                                                                                         22

Part 1--Grace period for member information statements                      22

Taxation Administration Act 1953                                                                         22

Part 2--Employer reporting of superannuation contributions                25

Taxation Administration Act 1953                                                                         25

Part 3--Statements for lost members                                                                  26

Superannuation (Unclaimed Money and Lost Members) Act 1999                 26

Taxation Administration Act 1953                                                                         28

Schedule 5--Compliance measures                                                                           29

Part 1--Penalties relating to estimates                                                               29

Taxation Administration Act 1953                                                                         29

Part 2--Director penalties                                                                                         32

Taxation Administration Act 1953                                                                         32

Part 3--Orders to provide security                                                                      34

Taxation Administration Act 1953                                                                         34

Schedule 6--Amendments relating to employee commencement           36

Part 1--Disclosure of tax file numbers                                                              36

Income Tax Assessment Act 1936                                                                            36

Part 2--Withholding information                                                                         37

Taxation Administration Act 1953                                                                         37

Part 3--Superannuation choice                                                                              38

Taxation Administration Act 1953                                                                         38

Schedule 7--Information sharing                                                                              39

Part 1--Tax file number sharing and verification                                         39

Income Tax Assessment Act 1936                                                                            39

Part 2--Providing information to the Repatriation Commission          41

Taxation Administration Act 1953                                                                         41

Schedule 8--Miscellaneous amendments                                                               42

Part 1--Amendments to commencement provisions                                  42

Superannuation Legislation Amendment (MySuper Core Provisions) Act 2012                42

Part 2--Amendments to application provisions                                            43

Tax Laws Amendment (Implementation of the Common Reporting Standard) Act 2016   43

Part 3--Road user charge                                                                                         44

Fuel Tax Act 2006                                                                                                     44

Part 4--Seasonal Workers Program                                                                     46

Income Tax Assessment Act 1997                                                                            46

Taxation Administration Act 1953                                                                         46

Part 5--Offshore information notices                                                                48

Income Tax Assessment Act 1936                                                                            48

Income Tax Assessment Act 1997                                                                            48

Petroleum Resource Rent Tax Assessment Act 1987                                           48

Register of Foreign Ownership of Water or Agricultural Land Act 2015      48

Taxation Administration Act 1953                                                                         49

Part 6--Various amendments                                                                                 54

A New Tax System (Goods and Services Tax) Act 1999                                      54

Competition and Consumer Act 2010                                                                   54

Crimes (Taxation Offences) Act 1980                                                                    54

Fringe Benefits Tax Assessment Act 1986                                                             54

Fuel Tax Act 2006                                                                                                     55

Income Tax Assessment Act 1936                                                                            55

Income Tax Assessment Act 1997                                                                            57

Income Tax (Transitional Provisions) Act 1997                                                  58

Taxation Administration Act 1953                                                                         58

Taxation (Interest on Overpayments and Early Payments) Act 1983              61

Part 7--Transitional arrangements relating to the disclosure of information        63

Superannuation (Resolution of Complaints) Act 1993                                      63

Schedule 9--Deductible gift recipients                                                                    64

Income Tax Assessment Act 1997                                                                            64

Schedule 10--Further deductible gift recipients                                               66

Income Tax Assessment Act 1997                                                                            66

Schedule 11--Extending DGR status to entities promoting Indigenous languages           68

Income Tax Assessment Act 1997                                                                            68

 


Commonwealth Coat of Arms of Australia

 

 

Treasury Laws Amendment (2018 Measures No. 4) Act 2019

No. 8, 2019

 

 

 

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

[Assented to 1 March 2019]

The Parliament of Australia enacts:

 

[Minister's second reading speech made in--

House of Representatives on 28 March 2018

Senate on 25 June 2018]

 

(79/18)

 



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