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1998-1999-2000
THE PARLIAMENT OF THE COMMONWEALTH OF AUSTRALIA
SENATE
PRODUCT GRANTS AND BENEFITS ADMINISTRATION BILL 2000
SUPPLEMENTARY EXPLANATORY MEMORANDUM
Amendments to be moved on behalf of Government
(Circulated by authority of the
Treasurer, the Hon Peter
Costello, MP)
ISBN: 0642 438005
The provisions of the Bill provide a standardised administrative framework for grants and benefits administered by the Commissioner of Taxation (Commissioner). The Bill applies to the fuel sales grants scheme.
Clause 47 of the Bill imposes an obligation of secrecy on persons who, in the course of their duties relating to the administration of product grants and benefit schemes, acquire information about the affairs of another person.
Amendment of Clause 47 is required give express authority to the Commissioner or a Deputy Commissioner of Taxation to disclose information to an officer of the Australian Competition and Consumer Commission (ACCC). The amendment will permit the disclosure of that information only where the information is to be used by the ACCC for the purposes of Part V or VB of the Trade Practices Act 1974.
The amendment has no financial impact.