Contents

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

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

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

Schedule 1--Hybrid mismatch rules                                                                          3

Part 1--Main amendments                                                                                         3

Income Tax Assessment Act 1997                                                                              3

Part 2--Foreign hybrid mismatch rules                                                              11

Income Tax Assessment Act 1997                                                                            11

Part 3--Hybrid entities integrity rule                                                                  13

Income Tax Assessment Act 1997                                                                            13

Part 4--Foreign income tax deductions for regulatory capital              15

Income Tax Assessment Act 1997                                                                            15

Schedule 2--Single touch payroll reporting--child support information               17

Child Support (Assessment) Act 1989                                                                    17

Child Support (Registration and Collection) Act 1988                                     17

Taxation Administration Act 1953                                                                         18

Schedule 3--Deductible gift recipient status for community sheds       22

Income Tax Assessment Act 1997                                                                            22

Schedule 4--Funding capital increases for the World Bank Group    23

International Finance Corporation Act 1955                                                     23

International Monetary Agreements Act 1947                                                    25

Schedule 5--Deductible gift recipients--new specific recipients            26

Income Tax Assessment Act 1997                                                                            26

Schedule 6--Tax secrecy                                                                                                 29

Taxation Administration Act 1953                                                                         29

 

 

Treasury Laws Amendment (2020 Measures No. 2) Act 2020

No. 79, 2020

 

An Act to amend the law relating to taxation, child support and international finance institutions, and for related purposes

[Assented to 3 September 2020]

The Parliament of Australia enacts: