Australia has published the Treasury Laws Amendment (Making Sure Foreign Investors Pay Their Fair Share of Tax in Australia and Other Measures) Act 2019 (Act No. 34 2019), which received royal assent (was enacted) on 5 April 2019. The main schedules of the Act are summarized as follows:

Non-concessional MIT income

Schedules 1 and 5 amend the Income Tax Assessment Act (ITAA) 1997, the Incom…