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Became law

A New Tax System (Ultimate Beneficiary Non-disclosure Tax) Bill (No. 1) 1999

Portfolio: Treasurer's portfolio

  1. Introduced13 May 1999
  2. Passed House8 June 1999
  3. Passed Senate28 June 1999
  4. Royal assent8 July 1999

What does this bill do, in plain English?

Creates a tax penalty for people who hide the true owner of money or assets from the Tax Office.

Source: Australian Parliament House bill record

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