Treasury Laws Amendment (2023 Measures No. 1) Act 2023 (101 of 2023)

Schedule 3   Government response to the Review of the Tax Practitioners Board

Part 3   Tax Practitioners Board Special Account

Tax Agent Services Act 2009

14   At the end of Part 6

Add:

Subdivision 60-G - Finance

Table of sections

60-145 Tax Practitioners Board Special Account

60-150 Credits to the Tax Practitioners Board Special Account

60-155 Purposes of the Tax Practitioners Board Special Account

60-145 Tax Practitioners Board Special Account

(1) The Tax Practitioners Board Special Account is established by this section.

(2) The Tax Practitioners Board Special Account is a special account for the purposes of the Public Governance, Performance and Accountability Act 2013.

60-150 Credits to the Tax Practitioners Board Special Account

There must be credited to the Tax Practitioners Board Special Account amounts equal to the following:

(a) amounts received by the Commonwealth under this Act (other than amounts received by way of penalty or amounts related to such amounts);

(b) amounts appropriated by the Parliament for the purposes of the Account.

Note: An Act appropriating money for expenditure out of the Consolidated Revenue Fund may contain a provision to the effect that, if any of the purposes of a special account is a purpose that is covered by an item in such an Act (whether or not the item expressly refers to the special account), then amounts may be debited against the appropriation for that item and credited to that special account.

60-155 Purposes of the Tax Practitioners Board Special Account

The purposes of the Tax Practitioners Board Special Account are as follows:

(a) paying or discharging the costs, expenses and other obligations incurred by the Commonwealth in the performance of the Board's functions under this Act;

(b) paying any remuneration and allowances payable to any person under this Act (including APS employees mentioned in section 60-80);

(c) reducing the balance of the account (and therefore the available appropriation for the account) without making a real or notional payment.

Note: See section 80 of the Public Governance, Performance and Accountability Act 2013 (which deals with special accounts).