Contents

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

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

3............ Schedules............................................................................................ 2

Schedule 1--Tax treatment of concessional loans involving tax exempt entities 3

Income Tax Assessment Act 1936                                                                              3

Schedule 2--Enhancing the integrity of the small business CGT concessions in relation to partnerships                                                                                                                              8

Income Tax Assessment Act 1997                                                                              8

Schedule 3--Limiting deductions for vacant land                                           10

Income Tax Assessment Act 1997                                                                            10

Schedule 4--Extending anti-avoidance rules for circular trust distributions       14

Income Tax Assessment Act 1936                                                                            14

Taxation Administration Act 1953                                                                         15

Schedule 5--Disclosure of business tax debts                                                     16

Income Tax Assessment Act 1997                                                                            16

Taxation Administration Act 1953                                                                         16

Schedule 6--Electronic invoicing                                                                               20

Taxation Administration Act 1953                                                                         20

Schedule 7--Salary sacrifice integrity                                                                     22

Superannuation Guarantee (Administration) Act 1992                                    22

 

 

 

Treasury Laws Amendment (2019 Tax Integrity and Other Measures No. 1) Act 2019

No. 95, 2019

 

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

[Assented to 28 October 2019]

The Parliament of Australia enacts: