Contents

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

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

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

Schedule 1--Registration of providers and assisted decision making   4

Part 1--Multiple registrations of relevant providers                                     4

Corporations Act 2001                                                                                               4

Part 2--Assisted decision making                                                                        14

Corporations Act 2001                                                                                             14

Schedule 2--Sustainability standards                                                                      15

Australian Securities and Investments Commission Act 2001                          15

Schedule 3--Government response to the Review of the Tax Practitioners Board          22

Part 1--Obligations relating to the provision of tax agent services     22

Tax Agent Services Act 2009                                                                                   22

Part 2--Annual registration                                                                                     32

Tax Agent Services Act 2009                                                                                   32

Part 3--Tax Practitioners Board Special Account                                       33

Tax Agent Services Act 2009                                                                                   33

Part 4--Appointments to the Tax Practitioners Board                              35

Tax Agent Services Act 2009                                                                                   35

Part 5--The Code of Professional Conduct                                                    38

Tax Agent Services Act 2009                                                                                   38

Schedule 4--Off-market share buy-backs                                                            41

Part 1--Off-market share buy-backs                                                                   41

Division 1--Main amendments                                                                              41

Income Tax Assessment Act 1936                                                                            41

Income Tax Assessment Act 1997                                                                            42

Division 2--Other amendments                                                                              44

Income Tax Assessment Act 1936                                                                            44

Income Tax Assessment Act 1997                                                                            44

Part 2--Selective share cancellations                                                                  46

Income Tax Assessment Act 1997                                                                            46

Schedule 5--Franked distributions funded by capital raisings               48

Income Tax Assessment Act 1997                                                                            48

 

 

 

Treasury Laws Amendment (2023 Measures No. 1) Act 2023

No. 101, 2023

 

An Act to amend the law relating to corporations, financial services, sustainability standards and taxation, and for related purposes

[Assented to 27 November 2023]

The Parliament of Australia enacts: