Senate

Treasury Laws Amendment (Black Economy Taskforce Measures No. 1) Bill 2018

Revised Explanatory Memorandum

(Circulated by authority of the Hon Kelly O'Dwyer MP, Minister for Revenue and Financial Services, Minister for Women, Minister Assisting the Prime Minister for the Public Service)
This memorandum takes account of amendments made by the House of Representatives to the bill as introduced.

Glossary

The following abbreviations and acronyms are used throughout this explanatory memorandum.

Abbreviation Definition
ABN Australian Business Number
ATO Australian Taxation Office
Bill Treasury Laws Amendment (Black Economy Taskforce Measures No. 1) Bill 2018
CCA 1995 Criminal Code Act 1995
Commissioner Commissioner of Taxation
Criminal Code The Criminal Code contained in Schedule 1 to the CCA 1995
GST Act A New Tax System (Goods and Services Tax) Act 1999
TAA 1953 Taxation Administration Act 1953
TPRS Taxable Payments Reporting System