Treasury Laws Amendment (Income Tax Relief) Bill 2016

Type
Government
Portfolio
Treasury
Originating house
House of Representatives
Status
Act
Parliament no
45

Track (What's this?)

Permalink

Summary

Amends the Income Tax Rates Act 1986 to increase the third personal income tax threshold so that the rate of tax payable on taxable incomes from $80 001 to $87 000 for individuals is 32.5 per cent.

Progress

House of Representatives
Introduced and read a first time 01 Sep 2016
Second reading moved 01 Sep 2016
Second reading debate 15 Sep 2016
Referred to Federation Chamber 15 Sep 2016
Reported from Federation Chamber 10 Oct 2016
Second reading agreed to 10 Oct 2016
Third reading agreed to 10 Oct 2016
Senate
Introduced and read a first time 10 Oct 2016
Second reading moved 10 Oct 2016
Second reading debate 11 Oct 2016
Second reading agreed to 11 Oct 2016
Committee of the Whole debate 11 Oct 2016
Committee of the Whole debate 12 Oct 2016
Third reading agreed to 12 Oct 2016
Finally passed both Houses 12 Oct 2016
Assent
  • Act no: 68
  • Year: 2016
20 Oct 2016

Documents and transcripts

Text of bill

Explanatory memoranda

Proposed amendments

No proposed amendments have been circulated.

Schedules of amendments

No documents at present

Bills digest

Notes

Helpful information

Text of bill

  • First reading: Text of the bill as introduced into the Parliament
  • Third reading: Prepared if the bill is amended by the house in which it was introduced. This version of the bill is then considered by the second house.
  • As passed by both houses: Final text of bill agreed to by both the House of Representatives and the Senate which is presented to the Governor-General for assent.

Explanatory memoranda

  • Explanatory memorandum: Accompanies and provides an explanation of the content of the introduced version (first reading) of the bill.
  • Supplementary explanatory memorandum: Accompanies and explains amendments proposed by the government to the bill.
  • Revised explanatory memorandum: Accompanies and explains the amended version (third reading) of the bill. It supersedes the explanatory memorandum.

Proposed amendments

Circulated by members and senators when they propose to make changes to the bill. For details about the outcome of proposed amendments please refer to either the Votes and Proceedings (House of Representatives) or the Journals (Senate).

Schedules of amendments

Schedules of amendments list amendments agreed to by the second house are communicated to the first house for consideration. Subsequent action by either house may also be included in a schedule.

We acknowledge the traditional owners and custodians of country throughout Australia and acknowledge their continuing connection to land, waters and community. We pay our respects to the people, the cultures and the elders past, present and emerging.

Aboriginal and Torres Strait Islander people are advised that this website may contain images and voices of deceased people.