Energy and Resources Point-in-Time Service Updates

Thursday 25 July 2024 @ 3.00 p.m.

The Energy and Resources Point-in-Time Service has been updated to include the Treasury Laws Amendment (Tax Accountability and Fairness) Act 2024 (Cth) (Act 37 of 2024), the Administrative Review Tribunal (Consequential and Transitional Provisions No. 1) Act 2024 (Cth) (Act No 38 of 2024), the Administrative Review Tribunal (Consequential and Transitional Provisions No. 2) Act 2024 (Cth) (Act No 39 of 2024), the Attorney-General’s Portfolio Miscellaneous Measures Act 2024 (Cth) (Act No 41 of 2024), and the Offshore Petroleum and Greenhouse Gas Storage Legislation Amendment (Safety and Other Measures) Act 2024 (Cth) (No 43 of 2024).

Act 37 of 2024

The Act amends the law relating to taxation and forms part of the Government's response to the PwC tax leaks scandal. The Act includes amendments to the Taxation Administration Act 1953 (Cth) relating to promoter penalty provisions and the extension of whistleblower protections. The Act also amends the Tax Agent Services Act 2009 (Cth) and the Petroleum Resource Rent Tax Assessment Act 1987 (Cth).

Act 38 of 2024

This Act repeals the Administrative Appeals Tribunal Act 1975 (Cth) 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).

Act 39 of 2024

This Act aims to support both the Administrative Review Tribunal Act 2024 (Cth) and the Administrative Review Tribunal (Consequential and Transitional Provisions No. 1) Act 2024 (Cth) by making further consequential amendments to remaining Commonwealth Acts that interact with the Administrative Appeals Tribunal Act 1975 (Cth), including Acts that have required consultation with States and Territories under cooperative schemes or intergovernmental agreements.

Act 41 of 2024

This Act is an omnibus Act which amends various pieces of legislation in the Attorney-General's portfolio, including the Australian Securities and Investments Commission Act 2001 (Cth), the Corporations Act 2001 (Cth), the Judiciary Act 1903 (Cth), and the Marriage Act 1961 (Cth). The purpose of this Act is to:

  • confer jurisdiction on the Federal Court of Australia to hear and determine a range of summary and indictable offences relating to conduct within the regulatory remit of the Australian Securities and Investments Commission;
  • enable the Sheriff of the Federal Court to request a State/Territory jury official to prepare and provide a jury panel for use by the Federal Court;
  • make minor amendments to the Marriage Act 1961 (Cth) to clarify and improve the operation of the Commonwealth Marriage Celebrants Program and provide greater accessibility for marrying couples; and
  • make minor and technical amendments to update, clarify and improve the intended operation of other legislation administered by the Attorney-General’s portfolio.

Act 43 of 2024

The Act aims to further strengthen Australia’s offshore safety regime to ensure that it continues to provide an effective, leading practice framework for securing the health and safety of offshore oil and gas workers. The Act also seeks to ensure that other aspects of the regime continue to operate effectively. To achieve this objective, the Act amends the Offshore Petroleum and Greenhouse Gas Storage Act 2006 (Cth) (OPGGS Act) to implement the outcomes of the Offshore Oil and Gas Safety Review (Safety Review) and provide for other measures. 

The new amendments have been updated in the Point-in-Time Energy and Resources Service current to 4 July 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