Tax and Superannuation Laws Amendment (2015 Measures No. 5) Act 2015 (162 of 2015)

Schedule 4   Third party reporting

Part 2   Other amendments

Taxation Administration Act 1953

18   Before section 396-1 in Schedule 1

Insert:

396-1A What this Division is about

Financial institutions must give the Commissioner information for the purposes of the FATCA Agreement.

Certain entities must give the Commissioner information about transactions that could reasonably be expected to have tax consequences for other entities.

Subdivision 396-A - FATCA

Guide to Subdivision 396-A