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Treasury Laws Amendment (Making Sure Multinationals Pay Their Fair Share of Tax in Australia and Other Measures) Bill 2019

Treasury Laws Amendment (Making Sure Multinationals Pay Their Fair Share of Tax in Australia and Other Measures) Act 2019

Supplementary Explanatory Memorandum

(Circulated by the authority of the Minister for Social Services and Families, Senator the Hon Anne Ruston)
Amendments to be moved on behalf of the Government

OUTLINE

These amendments introduce new commencement dates for Schedule 1 of the Social Services Legislation Amendment (Overseas Welfare Recipients Integrity Program) Bill 2019.

Financial impact statement

MEASURE FINANCIAL IMPACT OVER THE FORWARD ESTIMATES from 2019-20 to 2022-23*
Schedule 1 - Proof Of Life Certificates Savings of $219 million

*These savings represent DSS administered impacts only.

Government amendments

NOTES ON AMENDMENTS

Amendment 1 amends the commencement date of Parts 1 and 2 of Schedule 1. Part 1 of Schedule 1 commences on 1 October 2019 if the Act receives Royal Assent before 19 September 2019. Where the Act receives Royal Assent on or after 19 September 2019, Part 1 of this Schedule will commence on the day three months after the Act receives Royal Assent.

Part 2 of Schedule 1 is amended to commence on the later of 20 March 2020 and immediately after the commencement of Part 1 of Schedule 1.


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