Federal Register of Legislation
Treasury Laws Amendment (2023 Measures No. 2) Act 2023
No. 28, 2023
An Act to amend the law relating to taxation and housing, and to amend the Commonwealth Banks Act 1959, and for related purposes
Contents 1 Short title 2 Commencement 3 Schedules Schedule 1—Medicare levy and Medicare levy surcharge income thresholds A New Tax System (Medicare Levy Surcharge—Fringe Benefits) Act 1999 Medicare Levy Act 1986 Schedule 2—Maintaining the Commonwealth Bank superannuation fund guarantee Commonwealth Banks Act 1959 Schedule 3—Tax accounting for primary producer registered emissions units Income Tax Assessment Act 1997 Schedule 4—Cash flow relief for small and medium businesses Part 1—Amendments Taxation Administration Act 1953 Part 2—Sunsetting Taxation Administration Act 1953 Schedule 5—Enhancements to the Home Guarantee Scheme National Housing Finance and Investment Corporation Act 2018 Schedule 6—Deductible gift recipients—Australians for Unity Ltd Income Tax Assessment Act 1997
Treasury Laws Amendment (2023 Measures No. 2) Act 2023 No. 28, 2023
An Act to amend the law relating to taxation and housing, and to amend the Commonwealth Banks Act 1959, and for related purposes
[Assented to 23 June 2023]
The Parliament of Australia enacts:
1 Short title This Act is the Treasury Laws Amendment (2023 Measures No. 2) Act 2023.
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. 23 June 2023 2. Schedules 1 and 2 The day after this Act receives the Royal Assent. 24 June 2023 3. 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 July 2023 4. Schedule 4, Part 1 The day after this Act receives the Royal Assent. 24 June 2023 5. Schedule 4, Part 2 1 July 2028. 1 July 2028 6. Schedule 5 The later of: 1 July 2023 (a) 1 July 2023; and (paragraph (a) applies) (b) the day after this Act receives the Royal Assent. 7. Schedule 6 The day after this Act receives the Royal Assent. 24 June 2023
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