Treasury Laws Amendment (Black Economy Taskforce Measures No. 2) Act 2018 (141 of 2018)

Schedule 2   Taxable payments reporting system

Taxation Administration Act 1953

2   Application

(1) Item 12 of the table in the amended provision applies in relation to a road freight service transaction unless:

(a) the transaction happens before 1 July 2019; or

(b) the transaction happens during an alternative reporting period for item 12 that begins before 1 July 2019.

(2) An inserted item applies to a transaction unless:

(a) the transaction happens before 1 July 2019; or

(b) the transaction happens during an alternative reporting period for the item that begins before 1 July 2019.

(3) In this item:

alternative reporting period means a period specified under subparagraph (a)(ii) of the amended provision.

amended provision means section 396-55 in Schedule 1 to the Taxation Administration Act 1953, as amended by item 1 of this Schedule.

inserted item means either item 13 or 14 of the table in the amended provision.

road freight service transaction means a transaction described in item 12 of the table that is not a transaction in relation to a courier service.