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Second Reading Speeches

Treasury Laws Amendment (2020 Measures No. 5) Bill 2020

Type
Government
Portfolio
Treasury
Originating house
House of Representatives
Status
Act
Parliament no
46

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Summary

Amends the:

Income Tax Assessment Act 1997
to: enable the minister to declare certain grant programs as eligible for non-assessable non-exempt income tax treatment under an instrument-making power; and update the list of deductible gift recipients to include Neighbourhood Watch Australasia; and
Income Tax Assessment Act 1997
and
Superannuation (Unclaimed Money and Lost Members) Act 1999
to facilitate the payment of unclaimed superannuation held by the Commissioner of Taxation directly to New Zealand KiwiSaver schemes.