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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


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