GST Point-in-Time Service Updates

The GST Service has been updated to include the Taxation Administration Amendment (Disclosure of Information to National Taskforce Morpheus) Regulations 2024 (Cth), Treasury Laws Amendment (Professional Standards Schemes No. 4) Regulations 2024 (Cth) and Treasury Laws Amendment (Miscellaneous and Technical Amendments No. 2) Regulations 2024 (Cth).

Taxation Administration Amendment (Disclosure of Information to National Taskforce Morpheus) Regulations 2024

The purpose of Regulations is to amend the Taxation Administration Regulations 2017 (Cth) to permit disclosures of protected information by the Australian Taxation Office to National Taskforce Morpheus.

Treasury Laws Amendment (Professional Standards Schemes No. 4) Regulations 2024

The Regulations prescribe the Australian Computer Society Incorporated Professional Standards Scheme in the Competition and Consumer Regulations 2010 (Cth). The earlier iteration of the scheme was only able to remain in force for 6 years pursuant to section 32 of the Professional Standards Act 1994 (NSW). The New South Wales Minister for Industry and Trade, Minister Anoulack Chanthivong has approved the remaking of a new scheme to allow members of the Australian Computer Society to continue to retain a cap on civil liability in relation to misleading and deceptive conduct. 

Treasury Laws Amendment (Miscellaneous and Technical Amendments No. 2) Regulations 2024

The purpose of the Regulations is to make miscellaneous and technical amendments to regulations in the Treasury portfolio, including to laws with respect to corporations, superannuation and taxation. The amendments demonstrate the Government’s commitment to the care and maintenance of Treasury portfolio legislation.

These amendments have been updated in the Point-in-Time GST Service current to 9 December 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.