Department of the Treasury [2005] AUSStaCSDLM 80 (16 June 2005)

• DEPARTMENT OF THE TREASURY

DEPARTMENT OF THE TREASURY

A New Tax System (Wine Equalisation Tax) Amendment Regulations 2005 (No.1) Select Legislative Instrument 2005 No. 116 [F2005L01291]
A New Tax System (Wine Equalisation Tax) Act 1999
Made	07/06/05
Tabled	15/06/05 S	14/06/05 HR
Summary	Amend the principal Regulations to allow traditional mead products to be treated as mead for the purposes of wine equalisation tax.

Accounting Standard AASB 2005-1 Amendments to Australian Accounting Standard made under s. 334 of the Corporations Act 2001 [F2005L01283]
Corporations Act 2001
Made	05/05/05
Tabled	14/06/05 S	14/06/05 HR
Summary	Amends Accounting Standard AASB 139 Financial Instruments: Recognition and Measurement as a consequence of a review of the International Accounting Standard IAS 39.

Australian Securities and Investments Commission Class Order [CO 05/308] made under paragraph 911A(2)(1) of the Corporations Act 2001 [F2005L01187]
Corporations Act 2001
Made	12/05/05
Tabled	14/06/05 S	23/05/05 HR
Summary	Amends the notification requirements and the lapsing provisions in existing Class Orders that exempt foreign financial services providers from the obligation to hold an Australian financial services licence.

Australian Securities and Investments Commission Class Order [CO 05/346] made under paragraph 1020F(1)(a) of the Corporations Act 2001 [F2005L01444]
Corporations Act 2001
Made	03/06/05
Tabled	15/06/05 S	14/06/05 HR
Summary	Extends the delayed application of s.1012IA of the Act to superannuation products until 30 June 2006.

Australian Securities and Investments Commission Class Order [CO 05/508] made under paragraph 992B(1)(c) of the Corporations Act 2001 [F2005L01206]
Corporations Act 2001
Made	13/05/05
Tabled	14/06/05 S	24/05/05 HR
Summary	Revokes ASIC Class Order [04/673].

Australian Securities and Investments Commission Class Order [CO 05/566] made under paragraph 601QA(1)(b) of the Corporations Act 2001 [F2005L01432]
Corporations Act 2001
Made	06/06/05
Tabled	15/06/05 S	14/06/05 HR
Summary	Permits the responsible entity of a managed investment scheme to modify a scheme's constitution by removing a termination clause without obtaining scheme member approval, subject to conditions.

Financial Stability Standard for Securities Settlement Facilities FSS 2005.1 made under section 827D(6) of the Corporations Act 2001 [F2005L01377]
Corporations Act 2001
Made	31/05/05
Tabled	14/06/05 S	14/06/05 HR
Summary	Amends the principal Standard to provide that the licensee of a facility that clears and settles transactions with a total value of $100 million or less per financial year does not have to comply with the standard.

Income Tax Amendment Regulations 2005 (No. 3) Select Legislative Instrument 2005 No. 117 [F2005L01316]
Income Tax Assessment Act 1936
Made	07/06/05
Tabled	15/06/05 S	14/06/05 HR
Summary	Specify revised qualification requirements for tax agent registration, and make other technical amendments to the principal Regulations.

Income Tax Assessment Amendment Regulations 2005 (No. 3) Select Legislative Instrument 2005 No. 102 [F2005L01200]
Income Tax Assessment Act 1997
Made	25/05/05
Tabled	14/06/05 S	30/05/05 HR
Summary	Amend the principal Regulations to provide that an obligation to redeem or buy back a preference share is not a contingent obligation merely because of certain corporate law requirements governing redemptions and buy backs.

Instrument Fixing Charges to be Paid to APRA — No 1 of 2005 under paragraph 51(1)(a) of the Australian Prudential Regulation Authority Act 1998 [F2005L01128]
Australian Prudential Regulation Authority Act 1998
Made	09/05/05
Tabled	14/06/05 S	23/05/05 HR
Summary	Specifies charges for the provision of statistical information about financial sector entities to the Reserve Bank of Australia and the Australian Bureau of Statistics during the 2004-05 financial year.

Lodgment of returns and statements in Accordance with the Income Tax Assessment Act 1936, the Income Tax Assessment Act 1997 and the Taxation Administration Act 1953 for the Year ended 30 June 2005 (Instrument ID:OPS/05/005) made under s. 161 of the Income Tax Assessment Act 1936 [F2005L01544]
Income Tax Assessment Act 1936 Income Tax Assessment Act 1997 Taxation Administration Act 1953
Made	15/06/05
Tabled	16/06/05 S	16/06/05 HR
Summary	Specifies who is required to lodge an annual return for the income tax year ending 30 June 2005.

Lodgment of returns and statements in Accordance with the Superannuation Industry (Supervision) Act 1993, the Superannuation Contributions Tax (Assessment and Collection) Act 1997, and the Superannuation Contributions Tax (Members of Constitutionally Protected Superannuation Funds) Assessment and Collection Act 1997, for the year ended 30 June 2005 (Instrument ID: OPS/05/006) [F2005L01543]
Superannuation Contributions Tax (Assessment and Collection) Act 1997 Superannuation Contributions Tax (Members of Constitutionally Protected Superannuation Funds) Assessment and Collection Act 1997 Superannuation Industry (Supervision) Act 1993
Made	15/06/05
Tabled	16/06/05 S	16/06/05 HR
Summary	Specifies which superannuation funds are required to lodge an annual return and other statements for the year ending 30 June 2005.

Non-Confidentiality Determination No. 5 of 2005 under s. 57 of the Australian Prudential Regulation Authority Act 1998 [F2005L01185]
Australian Prudential Regulation Authority Act 1998
Made	13/05/05
Tabled	14/06/05 S	23/05/05 HR
Summary	Provides that information provided by locally-incorporated banks and foreign authorised deposit taking institutions under Reporting Standard 320.0 (2003) is non-confidential.

Notice Variation- Legislative Instrument — Variation of amount to be withheld from certain payments made by External Administrators in accordance with section 15-15 of schedule 1 to the Taxation Administration Act 1953 [F2005L01215]
Taxation Administration Act 1953
Made	13/05/05
Tabled	14/06/05 S	30/05/05 HR
Summary	Varies the amount that is to be withheld from certain payments made by external administrators.

Notice Variation- Legislative Instrument — Variation of amount to be withheld from certain payments made by trustees of bankrupt estates in accordance with section 15-15 of schedule 1 to the Taxation Administration Act 1953 [F2005L01216]
Taxation Administration Act 1953
Made	13/05/05
Tabled	14/06/05 S	30/05/05 HR
Summary	Varies the amount that is to be withheld from certain payments made by trustees of bankrupt estates.

Superannuation (Financial Assistance Funding) Levy and Collection Regulations 2005 Select Legislative Instrument 2005 No. 82 [F2005L01103]
Financial Institutions Supervisory Levies Collection Act 1998 Superannuation (Financial Assistance Funding) Levy Act 1993
Made	11/05/05
Tabled	14/06/05 S	23/05/05 HR
Summary	Prescribe levies on regulated superannuation funds and approved deposit funds.

Taxation Administration Act Withholding Schedules 2005 (2004 Budget Changes) Instrument ID OPS/05/004 under s. 15-25 of Schedule 1 to the Taxation Administration Act 1953 [F2005L01271]
Taxation Administration Act 1953
Made	25/05/05
Tabled	14/06/05 S	26/05/05 HR
Summary	Specifies the amounts, formulas and procedures to be used in working out the amount required to be withheld by an entity in accordance with the Pay As You Go system.

Taxation Administration Act Withholding Schedules 2005 (2005 Budget Changes) Instrument ID OPS/05/005 under s. 15-25 of Schedule 1 to the Taxation Administration Act 1953 [F2005L01270]
Taxation Administration Act 1953
Made	25/05/05
Tabled	14/06/05 S	26/05/05 HR
Summary	Specifies the amounts, formulas and procedures to be used in working out the amount required to be withheld by an entity in accordance with the Pay As You Go system.

Taxation Administration Amendment Regulations 2005 (No. 1) Select Legislative Instrument 2005 No. 103 [F2005L01199]
Taxation Administration Act 1953
Made	25/05/05
Tabled	14/06/05 S	30/05/05 HR
Summary	Insert a reference to the Indigenous Tutorial Assistance Scheme into the principal Regulations.

Trade Practices (Consumer Product Safety Standard) (Baby Bath Aids) Regulations 2005 Select Legislative Instrument 2005 No. 83 [F2005L01129]
Trade Practices Act 1974
Made	11/05/05
Tabled	14/06/05 S	23/05/05 HR
Summary	Specify warning labelling requirements for baby bath aids.