House of Representatives
Treasury Laws Amendment (2021 Measures No. 6) Bill 2021
Explanatory Memorandum
(Circulated by authority of the Assistant Treasurer, Minister for Housing and Minister for Homelessness, Social and Community Housing, the Hon Michael Sukkar MP)Glossary
The following abbreviations and acronyms are used throughout this explanatory memorandum.
| Abbreviation | Definition |
| ACCC | Australian Competition and Consumer Commission |
| ATO | Australian Taxation Office |
| Bill | Treasury Laws Amendment (2021 Measures No. 6) Bill 2021 |
| CCA | Competition and Consumer Act 2010 |
| CEDAW | Convention on the Elimination of All Forms of Discrimination Against Women |
| Commissioner | Commissioner of Taxation |
| Court Rules | Currently, the Family Law Rules 2004 and the Federal Circuit Court Rules 2001, noting the rules will be updated to reflect the formation of the Federal Circuit and Family Court of Australia Act 2021 on 1 September 2021 |
| Family Law Act | Family Law Act 1975 |
| Family law courts | The Federal Circuit and Family Court of Australia and the Family Court of Western Australia |
| Federal Circuit and Family Court of Australia | The Federal Circuit and Family Court of Australia will be formed on 1 September 2021 upon commencement of the Federal Circuit and Family Court of Australia Act 2021 and Schedule 1, Parts 1 and 2 of the Federal Circuit and Family Court of Australia Act (Consequential Amendments and Transitional Provisions) Act 2021 |
| Franchising Code | Competition and Consumer (Industry Codes-Franchising) Regulation 2014 |
| ICCPR | International Covenant on Civil and Political Rights |
| ITAA 1997 | Income Tax Assessment Act 1997 |
| Legislation Act | Legislation Act 2003 |
| NANE income | non-assessable non-exempt income |
| Part VIIIC | Part VIIIC of the Family Law Act deals with superannuation splitting for separating de facto couples in Western Australia. Part VIIIC will be inserted into the Family Law Act by the Family Law Amendment (Western Australia De Facto Superannuation Splitting and Bankruptcy) Act 2020 when that Act commences |
| Permitted family law proceedings | Proceedings defined in subsections 90XZJ(1), 90YZY(1) and 90YZY(2) of the Family Law Act. The meaning of permitted family law proceedings is outlined in detail at paragraphs 6.11-6.15 |
| Property settlement proceedings | Defined in subsection 4(1) of the Family Law Act |
| REE Act | Renewable Energy (Electricity) Act 2000 |
| Registry | Registry Manager of the Federal Circuit and Family Court of Australia, or the Principal Registrar of the Family Court of Western Australia. The term 'registries' is a general term that covers both the Registry Manager and the Principal Registrar |
| Secure channel | The electronic system for secure sharing of superannuation information between the Registries and the Commissioner, created to implement Schedule 5 to the Bill |
| Superannuation information | Information about each superannuation interest of a party to permitted family law proceedings as defined in item 1, subsection 90XZJ(5) of the Family Law Act in Schedule 5 to the Bill.
This information is protected information under Schedule 1 to the Taxation Administration Act |
| Taxation Administration Act | Taxation Administration Act 1953 |