Second Reading Speeches

Treasury Laws Amendment (2022 Measures No. 2) Bill 2022

Originating house
House of Representatives
Parliament no

Track (What's this?)



Amends the:

Taxation Administration Act 1953
to: require electronic platform operators to provide information on transactions to the Australian Taxation Office; enable small business entities to apply to the Administrative Appeals Tribunal (AAT) for an order staying, or otherwise affecting, the operation or implementation of decisions of the Commissioner of Taxation being reviewed by the AAT; and enable the commissioner to direct an entity to complete an approved recordkeeping course as an alternative to financial penalties where they reasonably believe the entity has failed to comply with its tax-related recordkeeping obligations;
Income Tax Assessment Act 1997
Taxation Administration Act 1953
to make consequential amendments;
Fringe Benefits Tax Assessment Act 1986
Income Tax Assessment Act 1936
Income Tax Assessment Act 1997
to remove the $250 non-deductible threshold for work-related self-education expenses; and
Income Tax Assessment Act 1997
to enable individuals aged 55 and above to make downsizer contributions to their superannuation plan from the proceeds of selling their main residence.

We acknowledge the traditional owners and custodians of country throughout Australia and acknowledge their continuing connection to land, waters and community. We pay our respects to the people, the cultures and the elders past, present and emerging.

Aboriginal and Torres Strait Islander people are advised that this website may contain images and voices of deceased people.