12 Feb 15 Treasury Legislation Amendment (Repeal Day) Bill 2014 awaits Royal Assent
On 10 February 2015, Treasury Legislation Amendment (Repeal Day) Bill 2014 was passed by the Senate without amendment.
The Bill amends:
- the Superannuation Industry (Supervision) Act 1993 to remove the payslip reporting requirements;
- 16 Acts to consolidate and repeal tax provisions;
- the Financial Sector (Shareholdings) Act 1998 to remove the deemed shareholding applied to an associate where the associate has no direct control interest in the company; and
- 12 Acts to define ‘Australia’ for income tax purposes.
The Bill now awaits Royal Assent.
For a joint media release issued 11 February 2015 by the Assistant Treasurer, Josh Frydenberg and the Parliamentary Secretary to the Prime Minister, Christian Porter, go here