Treasury Laws Amendment (2022 Measures No. 1) 2022

# Treasury Laws Amendment (2022 Measures No. 1) Bill 2022 ## What it does This is a grab-bag of tax and superannuation fixes that the government bundled together. It includes financial support for Cyclone Seroja victims, tax breaks for the FIFA Women's World Cup, and updates to how financial complaints are handled after the Royal Commission into banking failures. ## Why it matters Most of these changes are small tweaks to existing rules rather than major overhauls. The Cyclone Seroja grants will help affected businesses and farmers recover, while the tax exemptions for the World Cup are mainly about the tournament being held in Australia without getting tangled in tax obligations. ## Key details - **Cyclone Seroja recovery grants**: Businesses and primary producers affected by the cyclone can receive grants without triggering income tax liability (kicks in from the first quarter after the bill passes). - **FIFA Women's World Cup**: Tax exemptions apply to official World Cup participants and broadcasters so foreign workers and media aren't hit with Australian income tax. - **Financial complaints system**: Finalises the transition away from the old superannuation complaints system to the new Australian Financial Complaints Authority (AFCA), which handles disputes more broadly. - **Registry modernisation**: Various technical updates to business name registration and financial sector rules that were delayed from previous legislation.

🔒 Voting closed — this bill has been decided by parliament