Department of the Treasury [2006] AUSStaCSDLM 17 (9 February 2006)

• DEPARTMENT OF THE TREASURY

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DEPARTMENT OF THE TREASURY

A New Tax System (Goods and Services Tax) (Exempt Taxes, Fees and Charges) Determination 2005 (No. 2) under s. 81-5 of the A New Tax System (Goods and Services Tax) Act 1999 [F2005L04268]
A New Tax System (Goods and Services Tax) Act 1999
Made	23/12/2005
Tabled	07/02/2006 S	07/02/2006 HR
Summary	Specifies those taxes, fees and charges that are excluded from the scope of the goods and services tax base.

Accounting Standard AASB 1048 : Interpretation and Application of Standards [F2005L04099]
Corporations Act 2001
Made	08/12/2005
Tabled	07/02/2006 S	07/02/2006 HR
Summary	Provides a listing of Urgent Issues Group and AASB Interpretations that apply to annual reporting periods ending on or after 31 December 2005.

Accounting Standard AASB 124 : Related Party Disclosures [F2005L04237]
Corporations Act 2001
Made	20/12/2005
Tabled	07/02/2006 S	07/02/2006 HR
Summary	Specifies standards for related party disclosures in the financial reports of reporting entities.

Accounting Standard AASB 2005-12 : Amendments to Australian Accounting Standards [AASB 1038 and AASB 1023] [F2005L04207]
Corporations Act 2001
Made	08/12/2005
Tabled	07/02/2006 S	07/02/2006 HR
Summary	Amends certain Australian Accounting Standards that deal with life insurance and general insurance contracts.

Accounting Standard AASB 2006-1 : Amendment to Australian Accounting Standards [AASB 121] [F2006L00210]
Corporations Act 2001
Made	18/01/2006
Tabled	07/02/2006 S	07/02/2006 HR
Summary	Amends the Standard specified as a consequence of amendments to International Accounting Standard 21.

ASIC Class Order [ CO 05/1194] [F2005L04056]
Corporations Act 2001
Made	24/11/2005
Tabled	07/02/2006 S	07/02/2006 HR
Summary	Amends ASIC Class Order [CO 03/1096] by extending the relief granted by that Order until 01 July 2006.

ASIC Class Order [CO 05/1122] [F2005L04202]
Corporations Act 2001
Made	15/12/2005
Tabled	07/02/2006 S	07/02/2006 HR
Summary	Exempts providers of generic financial calculators from certain requirements relating to the holding of an Australian financial services licence.

ASIC Class Order [CO 05/1236] [F2005L04242]
Corporations Act 2001
Made	21/12/2005
Tabled	07/02/2006 S	07/02/2006 HR
Summary	Exempts registered managed investment schemes from certain requirements governing their constitutions.

ASIC Class Order [CO 05/1243] [F2005L04176]
Corporations Act 2001
Made	13/12/2005
Tabled	07/02/2006 S	07/02/2006 HR
Summary	Exempts persons who provide financial product advice that relates to a valuation of shares in a real estate company from compliance with rules concerning licensing, conduct and services disclosure.

ASIC Class Order [CO 05/1254] [F2005L04233]
Corporations Act 2001
Made	19/12/2005
Tabled	07/02/2006 S	07/02/2006 HR
Summary	Exempts superannuation fund trustees with non-standard reporting periods that straddle 01 July 2005 from certain requirements concerning periodic statements.

ASIC Class Order [CO 05/1270] [F2005L04224]
Corporations Act 2001
Made	16/12/2005
Tabled	07/02/2006 S	07/02/2006 HR
Summary	Specifies that various exemptions, declarations, variations and revocations made in previous class orders have effect from 01 January 2005.

ASIC Class Order [CO 06/6] [F2006L00207]
Corporations Act 2001
Made	18/01/2006
Tabled	07/02/2006 S	07/02/2006 HR
Summary	Exempts disclosing entities listed in the Stock Exchange of Newcastle Ltd from the requirement to lodge certain reports and forms with the Australian Securities and Investments Commission.

ASIC Class Order [CO 06/36] [F2006L00224]
Corporations Act 2001
Made	18/01/2006
Tabled	07/02/2006 S	07/02/2006 HR
Summary	Specifies that a previously issued class order [CO 05/1270] has effect from 01 January 2005.

ASIC Class Order [CO 06/50] [F2006L00291]
Corporations Act 2001
Made	24/01/2006
Tabled	07/02/2006 S	07/02/2006 HR
Summary	Permits listed companies to transfer remuneration report information required to be disclosed in the financial report into the directors' report.

ASIC Class Order [CO 06/51] [F2006L00292]
Corporations Act 2001
Made	24/01/2006
Tabled	07/02/2006 S	07/02/2006 HR
Summary	Amends several class orders as a consequence of the revocation and replacement of an Australian Accounting Standard.

Australian Prudential Regulation Authority (Confidentiality) Determination No. 1 of 2006 under s. 57 of the Australian Prudential Regulation Authority Act 1998 [F2006L00193]
Australian Prudential Regulation Authority Act 1998
Made	17/01/2006
Tabled	07/02/2006 S	07/02/2006 HR
Summary	Provides that information provided by locally-incorporated banks and foreign authorised deposit-taking institutions under Reporting Standard 320.0 (2005) is non-confidential.

Banking (Restricted Word or Expression) Consent No. 1 of 2006 under paragraph 66(1)(d) and s. 66(1B) of the Banking Act 1959 [F2006L00212]
Banking Act 1959
Made	18/01/2006
Tabled	07/02/2006 S	07/02/2006 HR
Summary	Restricts the use of the expressions ‘specialist credit card institution’ and ‘SCCI’ to certain types of authorised deposit-taking institutions.

Banking (Restricted Word or Expression) Determination No. 1 of 2006 under s. 66(5) of the Banking Act 1959 [F2006L00211]
Banking Act 1959
Made	18/01/2006
Tabled	07/02/2006 S	07/02/2006 HR
Summary	Provides that the expressions ‘specialist credit card institution’ and ‘SCCI’ are restricted expressions for the purposes of the Act.

Corporations Amendment Regulations 2005 (No. 5) Select Legislative Instrument 2005 No. 324 [F2005L04022]
Corporations Act 2001
Made	15/12/2005
Tabled	07/02/2006 S	07/02/2006 HR
Summary	Amend Provisions in the Principal Regulations concerning the regulation of the financial services industry.

Currency (Royal Australian Mint) Determination 2005 (No. 4) under ss. 13(2) and 13A(1) of the Currency Act 1965 [F2005L04157]
Currency Act 1965
Made	12/12/2005
Tabled	07/02/2006 S	07/02/2006 HR
Summary	Specifies the design and characteristics of several coins that form part of the Mint’s annual collector coin program.

Energy Grants (Cleaner Fuels) Scheme Amendment Regulations 2005 (No. 1) Select Legislative Instrument 2005 No. 325 [F2005L04011]
Energy Grants (Cleaner Fuels) Scheme Act 2004
Made	15/12/2005
Tabled	07/02/2006 S	07/02/2006 HR
Summary	Prescribe low sulphur premium unleaded petrol as a ‘cleaner fuel’.

Income Tax Amendment Regulations 2005 (No. 8) Select Legislative Instrument 2005 No. 326 [F2005L03989]
Income Tax Assessment Act 1936
Made	15/12/2005
Tabled	07/02/2006 S	07/02/2006 HR
Summary	Provide for the tax treatment of superannuation annuities split on marriage breakdown.

Income Tax Amendment Regulations 2005 (No. 9) Select Legislative Instrument 2005 No. 327 [F2005L04027]
Income Tax Assessment Act 1936
Made	15/12/2005
Tabled	07/02/2006 S	07/02/2006 HR
Summary	Specify matters concerning contributions-splitting eligible termination payments.

Income Tax Assessment Amendment Regulations 2005 (No. 4) Select Legislative Instrument 2005 No. 328 [F2005L04023]
Income Tax Assessment Act 1997
Made	15/12/2005
Tabled	07/02/2006 S	07/02/2006 HR
Summary	Amend the table of prescribed private funds in the Principal Regulations.

Income Tax (Effective Life of Depreciating Assets) Amendment Determination 2005 (No. 2) under s. 40-100(1) of the Income Tax Assessment Act 1997 [F2005L04024]
Income Tax Assessment Act 1997
Made	07/12/2005
Tabled	07/02/2006 S	07/02/2006 HR
Summary	Prescribes depreciation rates for specified assets for income tax purposes.

Income Tax (Effective Life of Depreciating Assets) Amendment Determination 2005 (No. 3) under s. 40-100(1) of the Income Tax Assessment Act 1997 [F2005L04252]
Income Tax Assessment Act 1997
Made	22/12/2005
Tabled	07/02/2006 S	07/02/2006 HR
Summary	Amends the Principal Determination to specify the effective life of copyright in a feature film acquired on or after 01 July 2004.

Life Insurance (Prudential Rules) Determination No. 4 of 2005 under s. 252(1) of the Life Insurance Act 1995 [F2005L04165]
Life Insurance Act 1995
Made	16/12/2005
Tabled	07/02/2006 S	07/02/2006 HR
Summary	Specifies new prudential rules for the collection of statistics by life companies other than friendly societies.

Life Insurance (Prudential Rules) Determination No. 5 of 2005 under s. 252(1) of the Life Insurance Act 1995 [F2005L04170]
Life Insurance Act 1995
Made	16/12/2005
Tabled	07/02/2006 S	07/02/2006 HR
Summary	Specifies new prudential rules for the preparation of financial statements by life companies other than friendly societies.

Life Insurance (Prudential Rules) Determination No. 6 of 2005 under s. 252(1) of the Life Insurance Act 1995 [F2005L04171]
Life Insurance Act 1995
Made	16/12/2005
Tabled	07/02/2006 S	07/02/2006 HR
Summary	Specifies prudential rules governing contract classification for the purposes of regulatory reporting to APRA by life companies including friendly societies.

Life Insurance (Prudential Rules) Determination No. 7 of 2005 under s. 252(1) of the Life Insurance Act 1995 [F2005L04172]
Life Insurance Act 1995
Made	16/12/2005
Tabled	07/02/2006 S	07/02/2006 HR
Summary	Specifies prudential rules governing revised starting amounts for life companies other than friendly societies.

Life Insurance (Prudential Rules) Determination No. 1 of 2006 under s. 252(1) of the Life Insurance Act 1995 [F2006L00311]
Life Insurance Act 1995
Made	25/01/2006
Tabled	08/02/2006 S	07/02/2006 HR
Summary	Specifies new prudential rules for the collection of statistics by life companies other than friendly societies.

Non-Confidentiality Determination No. 12 of 2005 under s. 57 of the Australian Prudential Regulation Authority Act 1998 [F2005L04160]
Australian Prudential Regulation Authority Act 1998
Made	14/12/2005
Tabled	07/02/2006 S	07/02/2006 HR
Summary	Provides that information provided by locally-incorporated banks and foreign authorised deposit-taking institutions under Reporting Standard 320.0 (2005) is non-confiential.

Petroleum Resource Rent Tax Assessment Regulations 2005 Select Legislative Instrument 2005 No. 329 [F2005L03882]
Petroleum Resource Rent Tax Act 1987
Made	15/12/2005
Tabled	07/02/2006 S	07/02/2006 HR
Summary	Provide for the determination of the gas price to be used to calculate the petroleum resource rent tax liability of a taxpayer participating in an integrated gas-to-liquids operation in year of tax.

Record of Resolution of the Life Insurance Actuarial Standards Board: Actuarial Standards under s. 109 of the Life Insurance Act 1995 [F2005L04213]
Life Insurance Act 1995
Made	05/12/2005
Tabled	07/02/2006 S	07/02/2006 HR
Summary	Specifies the actuarial standards that were made and those that were revoked by the Life Insurance Actuarial Standards Board on 05 December 2005.

Retirement Savings Accounts Amendment Regulations 2005 (No. 4) Select Legislative Instrument 2005 No. 330 [F2005L04048]
Retirement Savings Accounts Act 1997
Made	15/12/2005
Tabled	07/02/2006 S	07/02/2006 HR
Summary	Amend certain provisions in the Principal Regulations concerning the preservation of benefits and the payment of pensions.

Retirement Savings Accounts Amendment Regulations 2005 (No. 5) Select Legislative Instrument 2005 No. 331 [F2005L04026]
Retirement Savings Accounts Act 1997
Made	15/12/2005
Tabled	07/02/2006 S	07/02/2006 HR
Summary	Provide that a special purpose travel visa issued for the Melbourne 2006 Commonwealth Games is an eligible temporary resident visa.

Shortened Document Retention Periods (Individuals with Simple Tax Affairs) Determination 2006 made under paragraph 251R(6F)(c) of the Income Tax Assessment Act 1936 and paragraphs 18-100(1)(c) and 388-65(3)(c) of Schedule 1 to the Taxation Administration Act 1953 [F2006L00216]
Income Tax Assessment Act 1936 Taxation Administration Act 1953
Made	20/01/2006
Tabled	07/02/2006 S	07/02/2006 HR
Summary	Specifies a class of taxpayers which are permitted to retain certain tax records for a shortened period, as prescribed.

Superannuation Industry (Supervision) Amendment Regulations 2005 (No. 6) Select Legislative Instrument 2005 No. 332 [F2005L03987]
Superannuation Industry (Supervision) Act 1993
Made	15/12/2005
Tabled	07/02/2006 S	07/02/2006 HR
Summary	Provide for the treatment of superannuation annuities split on marriage breakdown.

Superannuation Industry (Supervision) Amendment Regulations 2005 (No. 7) Select Legislative Instrument 2005 No. 333 [F2005L04028]
Superannuation Industry (Supervision) Act 1993
Made	15/12/2005
Tabled	07/02/2006 S	07/02/2006 HR
Summary	Amend provisions in the Principal Regulations concerning the superannuation preservation rules and make other amendments.

Superannuation Industry (Supervision) Amendment Regulations 2005 (No. 8) Select Legislative Instrument 2005 No. 334 [F2005L04025]
Superannuation Industry (Supervision) Act 1993
Made	15/12/2005
Tabled	07/02/2006 S	07/02/2006 HR
Summary	Amend the Principal Regulations to provide for splitting of superannuation contributions between a member and their spouse and provide that a special purpose travel visa issued for the Melbourne 2006 Commonwealth Games is an eligible temporary resident visa.

Superannuation Industry (Supervision) Amendment Regulations 2005 (No. 9) Select Legislative Instrument 2005 No. 335 [F2005L04047]
Superannuation Industry (Supervision) Act 1993
Made	15/12/2005
Tabled	07/02/2006 S	07/02/2006 HR
Summary	Create a new class of licence for trustees appointed by the Australian Prudential Regulation Authority as acting trustees or entities where a trustee is suspended or removed, and make other technical amendments to the Principal Regulations.

Superannuation (Resolution of Complaints) Amendment Regulations 2005 (No. 1) Select Legislative Instrument 2005 No. 336 [F2005L03988]
Superannuation (Resolution of Complaints) Act 1993
Made	15/12/2005
Tabled	07/02/2006 S	07/02/2006 HR
Summary	Amend the list of unfunded defined benefit superannuation schemes that are prescribed in the Principal Regulations.

Superannuation (Resolution of Complaints) Amendment Regulations 2005 (No. 2) Select Legislative Instrument 2005 No. 337 [F2005L03891]
Superannuation (Resolution of Complaints) Act 1993
Made	15/12/2005
Tabled	07/02/2006 S	07/02/2006 HR
Summary	Amend the Principal Regulations to provide that non-member spouses have the same rights of complaint to the Superannuation Complaints Tribunal as their member spouse.