ATO Documents

Class Ruling

CR 2020/46 The University of Wollongong - early retirement scheme 2020

Legislative Instruments

CRP 2020/2 Taxation Administration (Remedial Power - Certificate for GST-free supplies of Cars for Disabled People) Determination 2020

EXC 2020/1 Excise (Spirit blending exemptions) Determination 2020 (No. 1)

Draft Legislative Instrument

WTI 2020/D1 Goods and Services Tax: Waiver of Tax Invoice Requirement (Corporate Card Statements) No. 2 Determination 2020

Practice Statement Law Administration Update

PS LA 2004/11 Treating a document as a tax invoice or adjustment note

Other news

JobKeeper Payment Bill receives Royal Assent

On 3 September 2020, the Coronavirus Economic Response Package (Jobkeeper Payments) Amendment Bill 2020 which contains changes to extend the JobKeeper Payment received Royal Assent. For further details on the JobKeeper Payment changes, refer to our Tax Insight here.

Treasury Laws Amendment (2020 Measures No. 2) Bill receives Royal Assent

On 3 September 2020, the Treasury Laws Amendment (2020 Measures No. 2) Bill 2020 received Royal Assent. The Act amends various parts of the hybrid mismatch rules, including how they apply to trusts and partnerships, the dual inclusion income rules and introduces specific rules for bank and insurance company Additional Tier 1 capital instruments.

Progress of Legislation

Federal Parliament is now in recess until it resumes for the 2020-21 Federal Budget sitting on 6 October.

Bill

Coronavirus Economic Response Package (Jobkeeper Payments) Amendment Bill 2020

Description

Amends the Coronavirus Economic Package (Payments and Benefits) Act 2020 to enable the extension of the jobkeeper scheme to 28 March 2021 by extending the current time limit on payment rules authorised by the Act and Taxation Administration Act 1953 to extend the circumstances in which protected information can be disclosed

Status

Received Royal Assent on 03.09.20 Act 81 of 2020

Bill

Treasury Laws Amendment (Your Superannuation, Your Choice) Bill 2019

Description

Amends the Superannuation Guarantee (Administration) Act 1992 to provide that employees under workplace determinations or enterprise agreements have the right to choose their superannuation fund

Status

Received Royal Assent on 03.09.20 Act 80 of 2020

Bill

Treasury Laws Amendment (2020 Measures No. 2) Bill 2020

Description

Amends the hybrid mismatch rules in the Income Tax Assessment Act 1997; broadens the amounts that employers can voluntarily report under the Single TouchPayroll rules; expands the number of entities qualifying as deductible gift recipients; amends the tax secrecy provisions in the TAA

Status

Received Royal Assent on 03.09.20 Act 79 of 2020

Bill

Treasury Laws Amendment (More Flexible Superannuation) Bill 2020

Description

Implements the 2019-20 Budget measure to bring forward age limit to 65 and 66 for non-concessional super contributions

Status

Introduced in the Senate 31.08.20

Bill

Treasury Laws Amendment (Research and Development Tax Incentive) Bill 2019

Description

Makes a number of amendments to the eligibility of taxpayers to claim the R&D tax offset and extends Part IVA of the Income Tax Assessment Act 1936 to include the R&D tax offset. Amends the existing R&D recoupment and feedstock adjustment clawback rules so the rules become consolidated and uniform

Status Introduced in the Senate 10.02.20