Treasury Laws Amendment (Housing Tax Integrity) Act 2017 (Cth)

Treasury Laws Amendment (Housing Tax Integrity) Act 2017

No. 126, 2017

An Act to amend the Income Tax Assessment Act 1997 and the Foreign Acquisitions and Takeovers Act 1975, and for related purposes

Contents 1 Short title 2 Commencement 3 Schedules Schedule 1—Travel related to use of residential premises Income Tax Assessment Act 1997 Schedule 2—Limiting depreciation deductions for assets in residential premises Income Tax Assessment Act 1997 Schedule 3—Vacancy fees for foreign acquisitions of residential land Part 1—Amendments Foreign Acquisitions and Takeovers Act 1975 Taxation Administration Act 1953 Part 2—Application of amendments

Treasury Laws Amendment (Housing Tax Integrity) Act 2017 No. 126, 2017

An Act to amend the Income Tax Assessment Act 1997 and the Foreign Acquisitions and Takeovers Act 1975, and for related purposes

[Assented to 30 November 2017]

The Parliament of Australia enacts:

1 Short title This Act is the Treasury Laws Amendment (Housing Tax Integrity) Act 2017.

2 Commencement (1) Each provision of this Act specified in column 1 of the table commences, or is taken to have commenced, in accordance with column 2 of the table. Any other statement in column 2 has effect according to its terms.

Commencement information Column 1 Column 2 Column 3 Provisions Commencement Date/Details 1. Sections 1 to 3 and anything in this Act not elsewhere covered by this table The day this Act receives the Royal Assent. 30 November 2017 2. Schedules 1 and 2 The first 1 January, 1 April, 1 July or 1 October to occur after the day this Act receives the Royal Assent. 1 January 2018 3. Schedule 3 A single day to be fixed by Proclamation. 15 December 2017 However, if the provisions do not commence within the period of 6 months beginning on the day this Act receives the Royal Assent, they commence on the day after the end of that period. (F2017N00103)