The Shadow Treasurer: Mr Hockey introduced the Tax Laws Amendment (Disclosure of MRRT Information) Bill 2013 into the House of Representatives on Mon 18.3.2013, as a Private Member’s Bill.
It proposes to amend the confidentiality of taxpayer information provisions in Div 355 of Pt 5 to Sch 1 of the Taxation Administration Act 1953 to provide an exception to the prohibition imposed on taxation officers about the disclosure of information regarding the tax affairs of a taxpayer.
Mr Hockey said the proposed amendments are intended to remove any doubt that taxation officers may disclose to the Minister information about instalments of Minerals Resource Rent Tax paid for an instalment quarter in any MRRT year or the total amount of MRRT paid in an MRRT year where the information is provided for the purpose of the Minister making the information publicly available.
[LTN 52, 18/3/13]