Contents

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

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

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

Schedule 1--Assisting businesses to meet their record-keeping obligations           3

Part 1--Main amendments                                                                                         3

Taxation Administration Act 1953                                                                           3

Part 2--Other amendments                                                                                        7

Income Tax Assessment Act 1997                                                                              7

Taxation Administration Act 1953                                                                           7

Part 3--Application and transitional provisions                                              8

Schedule 2--Sharing economy reporting regime                                               9

Taxation Administration Act 1953                                                                           9

Schedule 3--Removing the self-education expenses threshold                11

Fringe Benefits Tax Assessment Act 1986                                                             11

Income Tax Assessment Act 1936                                                                            13

Income Tax Assessment Act 1997                                                                            14

Schedule 4--Increased Tribunal powers for small business tax decisions              15

Taxation Administration Act 1953                                                                         15

Schedule 5--Expanding eligibility for downsizer contributions             18

Income Tax Assessment Act 1997                                                                            18

 

 

 

 

Treasury Laws Amendment (2022 Measures No. 2) Act 2022

No. 84, 2022

 

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

[Assented to 12 December 2022]

The Parliament of Australia enacts: