Treasury Laws Amendment (2024 Tax and Other Measures No. 1) Act 2024 (Cth)

Treasury Laws Amendment (2024 Tax and Other Measures No. 1) Act 2024

No. 135, 2024

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

Contents 1 Short title 2 Commencement 3 Schedules Schedule 1—Foreign resident capital gains withholding payments Taxation Administration Act 1953 Schedule 2—Allowing employers to make single touch payroll declarations for extended periods Taxation Administration Act 1953 Schedule 3—Self‑amendments by small and medium businesses Income Tax Assessment Act 1936 Taxation Administration Act 1953 Schedule 4—Reducing the use of cheques for tax refunds Taxation Administration Act 1953

Treasury Laws Amendment (2024 Tax and Other Measures No. 1) Act 2024 No. 135, 2024

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

[Assented to 10 December 2024]

The Parliament of Australia enacts:

1 Short title This Act is the Treasury Laws Amendment (2024 Tax and Other Measures No. 1) Act 2024.

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. 10 December 2024 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 January 2025 3. Schedule 2 The day after this Act receives the Royal Assent. 11 December 2024 4. Schedules 3 and 4 The first 1 January, 1 April, 1 July or 1 October to occur after the day this Act receives the Royal Assent. 1 January 2025