Bill
Tax and Superannuation Laws Amendment (2016 Measures No. 2) Bill 2016
lapsed, as at 2016-04-15. Treasury portfolio.
- Sponsor
- Not recorded
- Portfolio
- Treasury
Recorded stages
- introduced — 2016-03-17
- second reading — 2016-03-17
- other — 2016-04-15
Divisions
No divisions recorded. Most questions are decided on the voices; this does not establish that a bill was unopposed.
Plain-language summary
Written by a model from the explanatory memorandum; not the record, as at 2016-03-17.
This bill is part of a package that would give the Commissioner of Taxation a Remedial Power to fix unforeseen or unintended problems in tax and superannuation laws more quickly.
The Commissioner could modify a taxation law by making a disallowable legislative instrument, but only if the change is consistent with the law's purpose, reasonable, and has negligible budget impact as advised by Treasury or Finance.
Before using the power, the Commissioner must be satisfied that appropriate consultation has been carried out.
- Establishes a Remedial Power for the Commissioner of Taxation.
- Allows the Commissioner to modify taxation laws by disallowable legislative instrument.
- Requires the Commissioner to consult before exercising the power.
Entities, individuals, businesses and community organisations affected by taxation and superannuation laws.
Sources
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