Treasury Laws Amendment (2021 Measures No. 3) Act 2021 (Cth)
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The Parliament of Australia enacts:
This Act is the
Treasury Laws Amendment (2021 Measures No. 3) Act 2021 .
(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.
Sections 1 to 3 and anything in this Act not elsewhere covered by this table | The day this Act receives the Royal Assent. | 29 June 2021 |
Schedule 1 | The day after this Act receives the Royal Assent. | 30 June 2021 |
Schedule 2 | The later of: (a) 1 July 2021; and
| 1 July 2021 (paragraph (a) applies) |
Schedule 3, Part 1 | The first 1 January, 1 April, 1 July or 1 October to occur after the day this Act receives the Royal Assent. | 1 July 2021 |
Schedule 3, Part 2 | The day after this Act receives the Royal Assent. | 30 June 2021 |
Schedules 4 and 5 | The first 1 January, 1 April, 1 July or 1 October to occur after the day this Act receives the Royal Assent. | 1 July 2021 |
Note: This table relates only to the provisions of this Act as originally enacted. It will not be amended to deal with any later amendments of this Act.
(2) Any information in column 3 of the table is not part of this Act. Information may be inserted in this column, or information in it may be edited, in any published version of this Act.
Legislation that is specified in a Schedule to this Act is amended or repealed as set out in the applicable items in the Schedule concerned, and any other item in a Schedule to this Act has effect according to its terms.
Omit “$22,801”, substitute “$23,226”.
2 Subsection 3(1) (paragraph (a) of the definition of phase‑in limit ) Omit “$45,069”, substitute “$45,881”.
3 Subsection 3(1) (paragraph (c) of the definition of phase‑in limit ) Omit “$28,501”, substitute “$29,032”.
4 Subsection 3(1) (paragraph (a) of the definition of threshold amount ) Omit “$36,056”, substitute “$36,705”.
5 Subsection 3(1) (paragraph (c) of the definition of threshold amount ) Omit “$22,801”, substitute “$23,226”.
6 Subsection 8(5) (definition of family income threshold ) Omit “$38,474”, substitute “$39,167”.
7 Subsection 8(5) (definition of family income threshold ) Omit “$3,533”, substitute “$3,597”.
Omit “$38,474”, substitute “$39,167”.
Omit “$50,191”, substitute “$51,094”.
Omit “$22,801”, substitute “$23,226”.
Omit “$22,801”, substitute “$23,226”.
Omit “$22,801”, substitute “$23,226”.
Omit “$22,801”, substitute “$23,226”.
The amendments made by this Schedule apply to assessments for the 2020‑21 year of income and later years of income.
Add:
; and (f) assisting earlier access to the housing market by single parents with dependants.
After:
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insert:
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Insert:
5.5 | an individual in receipt of a payment under the program established by the Commonwealth and known as the Support for Australia’s Thalidomide Survivors program | the payment | none |
The amendments of the
Income Tax Assessment Act 1997 made by this Part apply to assessments for the 2021‑22 income year and later income years.
Insert:
(vd) a payment under the program established by the Commonwealth and known as the Support for Australia’s Thalidomide Survivors program;
Insert:
(xc) a payment under the program established by the Commonwealth and known as the Support for Australia’s Thalidomide Survivors program;
The amendments of the
Social Security Act 1991 and theVeterans’ Entitlements Act 1986 made by this Part apply in relation to payments under the Support for Australia’s Thalidomide Survivors program made on or after the commencement of this item.
1 Section 11‑55 (at the end of the table item headed “disasters”) Add:
2021 floods and storms—recovery grants...................... | 59‑99 |
Insert:
A payment is not assessable income and is not *exempt income if:
(a) for the purposes of the Disaster Recovery Funding Arrangements 2018 (set out in a determination made by the Minister for Law Enforcement and Cyber Security on 5 June 2018), the payment is a recovery grant made to a small business or primary producer as part of a Category D measure; and
(b) the payment relates to:
(i) floods commencing in Australia as a consequence of rainfall events occurring in the period between 19 February 2021 and 31 March 2021; or
(ii) storms occurring in Australia in that period.
The amendments made by this Schedule apply to assessments for the 2020‑2021 income year and later income years.
1 In the appropriate position in subsection 30‑25(2) (table) Insert:
2.2.51 | The Andy Thomas Space Foundation Limited | the gift must be made after 30 June 2020 |
2.2.52 | The Judith Neilson Institute for Journalism and Ideas | the gift must be made after 30 June 2020 |
2 Subsection 30‑40(2) (cell at table item 3.2.15, column headed “Special conditions”) Repeal the cell, substitute:
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3 In the appropriate position in subsection 30‑45(2) (table) Insert:
4.2.49 | Alliance for Journalists’ Freedom Ltd | the gift must be made after 30 June 2020 |
4.2.50 | Youthsafe | the gift must be made after 30 June 2020 |
4 Subsection 30‑100(2) (cell at table item 12.2.5, column headed “Special conditions”) Repeal the cell, substitute:
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5 In the appropriate position in section 30‑105 (table) Insert:
13.2.27 | RAS Foundation Limited | the gift must be made after 30 June 2020 |
13.2.28 | The Great Synagogue Foundation | the gift must be made after 30 June 2020 and before 1 July 2025 |
Insert:
2ACB | Alliance for Journalists’ Freedom Ltd | item 4.2.49 |
Insert:
4AA | Andy Thomas Space Foundation Limited | item 2.2.51 |
Insert:
52B | Great Synagogue Foundation | item 13.2.28 |
Insert:
64AA | Judith Neilson Institute for Journalism and Ideas | item 2.2.52 |
Insert:
94AC | RAS Foundation Limited | item 13.2.27 |
Add:
129 | Youthsafe | item 4.2.50 |
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