Treasury Laws Amendment (2021 Measures No. 6) Act 2021 (Cth)

Treasury Laws Amendment (2021 Measures No. 6) Act 2021

No. 111, 2021

An Act to amend legislation relating to taxation, industry codes and family law, and for related purposes

Contents 1 Short title 2 Commencement 3 Schedules Schedule 1—Refund of large‑scale generation shortfall charge Income Tax Assessment Act 1997 Schedule 2—Industry code penalties under Part IVB of the Competition and Consumer Act 2010 Competition and Consumer Act 2010 Schedule 3—Requirement for actuarial certificates for certain superannuation funds Income Tax Assessment Act 1997 Schedule 4—Strengthening industry codes under Part IVB of the Competition and Consumer Act 2010 Part 1—Main amendments Competition and Consumer Act 2010 Part 2—Application and validation provisions Schedule 5—Superannuation information for family law proceedings Part 1—Main amendments Family Law Act 1975 Taxation Administration Act 1953 Part 2—Other amendments Family Law Act 1975 Taxation Administration Act 1953

Treasury Laws Amendment (2021 Measures No. 6) Act 2021 No. 111, 2021

An Act to amend legislation relating to taxation, industry codes and family law, and for related purposes

[Assented to 13 September 2021]

The Parliament of Australia enacts:

1 Short title This Act is the Treasury Laws Amendment (2021 Measures No. 6) Act 2021.

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 2021 2. Schedule 1 The first 1 January, 1 April, 1 July or 1 October to occur after the day this Act receives the Royal Assent. 1 October 2021 3. Schedule 2 The day after this Act receives the Royal Assent. 14 September 2021 4. Schedule 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 2021 5. Schedule 4 Immediately after the commencement of the provisions covered by table item 3. 14 September 2021 6. Schedule 5, Part 1 1 April 2022. 1 April 2022 7. Schedule 5, Part 2 The later of: 28 September 2022 (a) immediately after the commencement of the provisions covered by table item 6; and (paragraph (b) applies) (b) immediately after the commencement of the Family Law Amendment (Western Australia De Facto Superannuation Splitting and Bankruptcy) Act 2020. However, the provisions do not commence at all if the event mentioned in paragraph (b) does not occur.