The Treasury Laws Amendment (2018 Measures No. 4) Bill 2018 (Bill) was introduced to Parliament on 28 March 2018 and is currently awaiting passage through the House of Representatives. Schedules 1 to 7 of the Bill provide for amendments to the Administration Act, ADJR, ITAA 1936, ITAA 1997 and Superannuation (Unclaimed Money and Lost Members) Act 1999 to implement certain integrity measures to strengthen compliance with taxation and superannuation guarantee obligations.

The amendments are intended to:

  • allow the Commissioner to issue employers with directions to pay unpaid superannuation guarantee and undertake superannuation guarantee education courses in cases, where they fail to comply with their superannuation guarantee obligations
  • strengthen the integrity of the director penalty provisions for directors who fail to comply with their superannuation guarantee charge and PAYG withholding obligations;
  • enhance compliance with the requirement to provide security through the use of Court orders
  • facilitate more regular reporting by superannuation funds
  • allow the Commissioner to disclose more information about superannuation guarantee non-compliance to affected employees
  • extend Single Touch Payroll reporting to all employers and
  • streamline employee commencement processes.

Schedule 7 of the Bill enables the sharing and verification of tax file numbers between the Commissioner and other Commonwealth agencies, where they have been collected for a specific purpose in accordance with a Commonwealth law. This will allow for stronger cross-checking of information between agencies, allowing them to flag potential compliance issues.

A number of other miscellaneous changes have been made to various taxation laws, including minor technical changes and corrections, consequential amendments arising from the above changes and the listing of certain entities in the ITAA 1997 as Deductible Gift Recipients.