Treasury Laws Amendment (2022 Measures No. 3) Act 2022 (Cth)

Treasury Laws Amendment (2022 Measures No. 3) Act 2022

No. 75, 2022

An Act to amend the law relating to foreign investment and acquisitions, taxation, coronavirus and superannuation, and for related purposes

Contents 1 Short title 2 Commencement 3 Schedules Schedule 1—Foreign acquisitions and takeovers penalties Foreign Acquisitions and Takeovers Act 1975 Schedule 2—Data sharing to support government responses to major disasters National Emergency Declaration Act 2020 Taxation Administration Act 1953 Schedule 3—Modification power Coronavirus Economic Response Package Omnibus (Measures No. 2) Act 2020 Schedule 4—Tax treatment for new or revised visa programs Income Tax Assessment Act 1936 Income Tax Assessment Act 1997 Income Tax (Transitional Provisions) Act 1997 Taxation Administration Act 1953

Treasury Laws Amendment (2022 Measures No. 3) Act 2022 No. 75, 2022

An Act to amend the law relating to foreign investment and acquisitions, taxation, coronavirus and superannuation, and for related purposes

[Assented to 5 December 2022]

The Parliament of Australia enacts:

1 Short title This Act is the Treasury Laws Amendment (2022 Measures No. 3) Act 2022.

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. 5 December 2022 2. Schedule 1 1 January 2023. 1 January 2023 3. Schedules 2 and 3 The day after this Act receives the Royal Assent. 6 December 2022 4. Schedule 4 At the same time as the Income Tax Amendment (Labour Mobility Program) Act 2022 commences. 1 July 2022 However, the provisions do not commence at all if that Act does not commence.