Treasury Laws Amendment (Refining and Improving Our Tax System) Act 2023 (Cth)

Treasury Laws Amendment (Refining and Improving Our Tax System) Act 2023

No. 40, 2023

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

Contents 1 Short title 2 Commencement 3 Schedules Schedule 1—Icelandic convention and minor amendments Part 1—Icelandic convention International Tax Agreements Act 1953 Part 2—Updating of notes International Tax Agreements Act 1953 Schedule 2—Income tax exemption and franking credit refund for certain subsidiaries of the Future Fund Board Income Tax Assessment Act 1997 Schedule 2A—Periodic investment reports by Future Fund Board Future Fund Act 2006 Schedule 3—DGR registers reform Part 1—Environmental organisations Income Tax Assessment Act 1997 Part 2—Harm prevention charities Income Tax Assessment Act 1997 Part 3—Cultural organisations Income Tax Assessment Act 1997 Part 4—Overseas aid Income Tax Assessment Act 1997 Part 5—Miscellaneous Income Tax Assessment Act 1997 Schedule 4—Aligning excise and customs reporting with other indirect taxes Customs Act 1901 Excise Act 1901 Income Tax Assessment Act 1997 Taxation Administration Act 1953 Schedule 5—Small‑scale repackaging of beer into smaller containers Excise Act 1901

Treasury Laws Amendment (Refining and Improving Our Tax System) Act 2023 No. 40, 2023

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

[Assented to 28 June 2023]

The Parliament of Australia enacts:

1 Short title This Act is the Treasury Laws Amendment (Refining and Improving Our Tax System) 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. 28 June 2023 2. Schedule 1 The day after this Act receives the Royal Assent. 29 June 2023 3. Schedule 2 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 3A. Schedule 2A The day after this Act receives the Royal Assent. 29 June 2023 4. Schedule 3 The first 1 January, 1 April, 1 July or 1 October to occur after the end of the period of 6 months beginning on the day this Act receives the Royal Assent. 1 January 2024 5. Schedules 4 and 5 1 July 2023. 1 July 2023