Commonwealth Consolidated Acts

TAX AND SUPERANNUATION LAWS AMENDMENT (2014 MEASURES NO. 7) ACT 2015 - SCHEDULE 5

Taxation Administration Act 1953

1   Subsection   355 - 70(1) in Schedule   1 (table item   1, column headed "and the record or disclosure ...", after paragraph   ( c))

Insert:

; or (d) supporting or enforcing a proceeds of crime order.

2   Subsection   355 - 70(1) in Schedule   1 (table item   6, column headed "and the record or disclosure ...", after paragraph   ( c))

Insert:

; or (d) supporting or enforcing a proceeds of crime order.

3   Paragraph 355 - 70(5)(c) in Schedule   1

Repeal the paragraph, substitute:

  (c)   a court order (including a declaration or direction):

  (i)   under a State law or Territory law; and

  (ii)   relating to unexplained wealth.

4   Application of amendments

The amendments made by this Schedule apply in relation to records and disclosures of information made on or after the commencement of this Schedule (regardless of when the information was acquired).