Treasury Laws Amendment (Making Sure Multinationals Pay Their Fair Share of Tax in Australia and Other Measures) Act 2019 (Cth)

Treasury Laws Amendment (Making Sure Multinationals Pay Their Fair Share of Tax in Australia and Other Measures) Act 2019

No. 65, 2019

An Act to amend the law in relation to taxation, and for related purposes

Contents 1 Short title 2 Commencement 3 Schedules Schedule 1—Thin capitalisation Part 1—Amendments Income Tax Assessment Act 1936 Income Tax Assessment Act 1997 Part 2—Application and transitional provisions Schedule 2—Online hotel bookings A New Tax System (Goods and Services Tax) Act 1999 Schedule 3—Non‑taxable re‑importations of refurbished luxury cars A New Tax System (Luxury Car Tax) Act 1999

Treasury Laws Amendment (Making Sure Multinationals Pay Their Fair Share of Tax in Australia and Other Measures) Act 2019 No. 65, 2019

An Act to amend the law in relation to taxation, and for related purposes

[Assented to 13 September 2019]

The Parliament of Australia enacts:

1 Short title This Act is the Treasury Laws Amendment (Making Sure Multinationals Pay Their Fair Share of Tax in Australia and Other Measures) Act 2019.

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. 13 September 2019 2. Schedules 1, 2 and 3 The first 1 January, 1 April, 1 July or 1 October to occur after the day this Act receives the Royal Assent. 1 October 2019