GST Point-in-Time Service Updates

The GST Service has been updated to include the Digital ID (Transitional and Consequential Provisions) Act 2024 (Cth) (Act No. 26 of 2024), the Telecommunications Legislation Amendment (Enhancing Consumer Safeguards and Other Measures) Act 2024 (Cth) (Act No. 36 of 2024), the Treasury Laws Amendment (Tax Accountability and Fairness) Act 2024 (Cth) (Act No. 37 of 2024), and the Administrative Review Tribunal (Consequential and Transitional Provisions No. 1) Act 2024 (Cth) (Act No. 38 of 2024).

Act 26 of 2024

This Act, together with the Digital ID Act 2024 (Cth), aims to provide individuals with secure, convenient, voluntary and inclusive ways to verify their identity for use in online transactions with government and businesses.

Act 36 of 2024

The Act amends the Telecommunications Act 1997 (Cth), the Telecommunications (Consumer Protection and Service Standards) Act 1999 (Cth) and the Competition and Consumer Act 2010 (Cth) to refine the operation of the statutory infrastructure provider (SIP) regime. The Act also makes technical and other amendments to legislation to improve the operation of telecommunications regulation outside the SIP regime, including changes that enhance the enforcement and reporting powers of the Australian Communications and Media Authority (ACMA) and the Australian Competition and Consumer Commission (ACCC).

Act 37 of 2024

The Act amends the law relating to taxation and includes amendments: 

• to the Taxation Administration Act 1953 (Cth) (TAA 1953) relating to promoter penalty provisions;
• to the TAA 1953 to extend whistleblower protections to eligible whistleblowers who make disclosures to the Tax Practitioners Board (TPB), as well as disclosures to certain other entities who may support or assist the whistleblower;
• to enhance public confidence in the regulation of the tax profession;
• to increase the information published on the register established and maintained by the TPB, remove the 12-month time limit for certain information to remain on the register, extend the timeframe that the TPB has to conduct an investigation, and better target the TPB’s delegation powers;
• to the TAA 1953 and the Tax Agent Services Act 2009 (Cth) to allow taxation officers and TPB officials to share protected information with Treasury about misconduct arising out of breaches or suspected breaches of confidence by intermediaries engaging with the Commonwealth; and
• to the Petroleum Resource Rent Tax Assessment Act 1987 (Cth) to effectively cap the availability of deductible expenditure incurred by a person in relation to a petroleum project for a year of tax.

Act 38 of 2024

This Act repeals the Administrative Appeals Tribunal Act 1975 (Cth) (the AAT Act) and makes consequential amendments to various Commonwealth Acts to help facilitate the transition from the Administrative Appeals Tribunal to the Administrative Review Tribunal as established under the Administrative Review Tribunal Act 2024 (Cth).

These amendments have been updated in the Point-in-Time GST Service current to 18 June 2024. (NB: subscription required).

If you are not already a subscriber to this or other Point-in-Time Services then please contact us to find out more or to take a free trial.