ATO Documents
Class Ruling
CR 2019/73 GBST Holdings Limited - Scheme of Arrangement and payment of Special Dividend
Draft Taxation Ruling
TR 2019/D6 Income tax: application of paragraph 8-1(2)(a) of the Income Tax Assessment Act 1997 to labour costs related to the construction or creation of capital assets
Draft Taxation Determination
TD 2019/D12 Income tax: is section 951A of the US Internal Revenue Code a provision of a law of a foreign country that corresponds to section 456 or 457 of the Income Tax Assessment Act 1936 for the purpose of subsection 832-130(5) of the Income Tax Assessment Act 1997?
Draft Practical Compliance Guideline
PCG 2019/D8 Superannuation contributions made to the Small Business Superannuation Clearing House - compliance approach to timing of income tax deductions
Progress of legislation
As at 22.11.19
Parliament resumed on 25 November 2019.
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Bill |
Treasury Laws Amendment (Reducing Pressure on Housing Affordability Measures) Bill 2019 |
|
Description |
Reintroduces measures in lapsed Bill including: removal of CGT main residence exemption for foreign residents; applying principal asset test on associate inclusive basis; providing an affordable housing CGT discount of up to 10 per cent; enabling reconciliation payments to be made by developers who sell dwellings to foreign persons under near-new dwelling exemption certificates |
|
Status |
Introduced into the House of Reps 23.10.19 |
|
Bill |
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|
Description |
Extends the genuine redundancy age limit to pension age, provides for interest to be paid on super payments made by ATO and provides a full luxury car tax refund (up to $10,000) for eligible primary producers and tourism operators. |
|
Status |
Received Royal Assent 28.10.19. Act No 94 of 2019 |
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Bill |
Treasury Laws Amendment (Recovering Unpaid Superannuation) Bill 2019 |
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Description |
Reintroduces measures in lapsed Bill to provide a one off amnesty for employers not meeting their superannuation obligations. |
|
Status |
Introduced in the House of Reps 18.09.19 |
|
Bill |
Treasury Laws Amendment (International Tax Agreements) Bill 2019 |
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Description |
Bill to give the force of law in Australia to the new double tax agreement (DTA) between Australia and Israel, and to introduce a deemed source of income rule in domestic law |
|
Status |
Passed both Houses and awaiting Royal Assent 14.11.19 |
|
Bill |
Treasury Laws Amendment (2019 Tax Integrity and Other Measures No. 1) Bill 2019 |
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Description |
Prevent small business CGT concessions from being available for partner assignments; extend anti-avoidance rule for closely held trusts to include family trusts that undertake circular trust distributions; deny deductions relating to holding vacant land; ATO disclosure of business tax debts to credit reporting bureaus; prevent salary sacrifice from reducing SG contributions; electronic invoicing implementation; TOFA amendments |
|
Status |
Received Royal Assent 28.10.19. Act No 95 of 2019 |
|
Bill |
Treasury Laws Amendment (Combating Illegal Phoenixing) Bill 2019 |
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Description |
Reintroduces lapsed Bill to prohibit creditor-defeating dispositions of company property; improve accountability of resigning directors; allow Commissioner to collect estimates of anticipated GST liabilities; make company directors personally liable for GST; authorise Commissioner to retain tax refunds. |
|
Status |
Introduced into the House of Reps 04.07.19. |
|
Bill |
|
|
Description |
Reintroduces measures in lapsed Bill to establish the foundation for the Government's new Fintech framework. Makes a number of technical amendments to the Early Stage Venture Capital Limited Partnership, Venture Capital Limited Partnership and Tax Incentives for Early Stage Investor regimes. |
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Status |
Introduced into the Senate 17.10.19. |
