Bill
Treasury Laws Amendment (Enhancing Tax Integrity and Supporting Business Investment) Bill 2022
lapsed, as at 2022-04-11. Treasury portfolio.
- Sponsor
- Not recorded
- Portfolio
- Treasury
Recorded stages
- introduced — 2022-02-09
- second reading — 2022-02-09
- second reading — 2022-03-29
- second reading — 2022-03-30
- other — 2022-04-11
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 2022-02-09.
This bill is part of a package that includes the Income Tax Amendment (Labour Mobility Program) Bill 2022, and the package is described in this explanatory memorandum.
Schedule 1 would let the Tax Commissioner order a business that has not kept proper tax records to take a course on record-keeping, instead of paying a fine.
The Tax Commissioner could start giving these directions three months after the bill becomes law.
- The Tax Commissioner could direct an entity to take an approved course on keeping tax records.
- The direction would be an alternative to existing financial penalties for failing to keep tax records.
- The change starts on the first 1 January, 1 April, 1 July or 1 October after Royal Assent.
Businesses that have failed to meet their tax-related record-keeping obligations.
Sources
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