TOTAL RESULTS: 741

• Tax Laws Amendment (Tougher Penalties for Country-by-Country Reporting) Bill 2016

  Track (What's this?)

  Date

  02 May 2016 

  Chamber

  House of Representatives 

  Status

  Not Proceeding 

  Sponsor

  LEIGH, Andrew, MP 

  Summary

  Amends the

  Income Tax Assessment Act 1997

  and

  Taxation Administration Act 1953

  to introduce a penalty regime for significant global entities who fail to meet their country-by-country reporting obligations. 

  Bill | Explanatory Memorandum

• Tax and Superannuation Laws Amendment (2016 Measures No. 2) Bill 2016

  Track (What's this?)

  Date

  17 Mar 2016 

  Chamber

  House of Representatives 

  Status

  Not Proceeding 

  Portfolio

  Treasury 

  Summary

  Amends the:

  Income Tax Assessment Act 1997

  and

  Taxation Administration Act 1953

  to establish a remedial power so that the Commissioner of Taxation can make a disallowable legislative instrument to modify the operation of a taxation law in certain circumstances;

  Income Tax Assessment Act 1997

  to enable primary producers to access income tax averaging 10 income years or more after they opted out; and

  A New Tax System (Luxury Car Tax) Act 1999

  to provide an exemption from luxury car tax to certain public institutions that import or acquire luxury cars for the sole purpose of public display. Also makes technical amendments to 10 Acts and repeals 45 excise Acts and the

  Income Tax (War-time Arrangements) Act 1942

  . 

  Bill | Explanatory Memorandum

• Tax Laws Amendment (Tax Incentives for Innovation) Bill 2016

  Track (What's this?)

  Date

  16 Mar 2016 

  Chamber

  House of Representatives 

  Status

  Act 

  Portfolio

  Treasury 

  Summary

  Amends the:

  Income Tax Assessment Act 1997

  ,

  Income Tax Assessment Act 1936

  and

  Taxation Administration Act 1953

  to: create an early stage investor regime that provides tax incentives for qualifying investors through a non-refundable tax offset and capital gains tax exemption on innovation related investments; require early stage innovation companies to report on specific innovation related investments; and provide a mechanism for Innovation Australia to provide guidance about whether particular investment activities are ineligible activities;

  Income Tax Assessment Act 1997

  to: provide non-refundable carry-forward tax offsets for limited partners in early stage venture capital limited partnerships (ESVCLP); provide for a capital gains tax exemption for fixed and unit trust beneficiaries of partners in ESVCLPs; and exclude small entities from eligible venture capital investment auditor requirements;

  Venture Capital Act 2002

  to increase the maximum fund size for ESVCLPs to $200 million;

  Income Tax Assessment Act 1997

  and

  Venture Capital Act 2002

  to: remove the requirement that an ESVCLP divest an investment in an entity once the value of the entity’s assets exceeds $250 million; provide that an entity can invest in another entity and remain an eligible venture capital investment; and enable foreign venture capital funds of funds to hold more than 30 per cent of the committee capital of an ESVCLP and extend their access to capital gains tax and other income tax concessions in relation to eligible venture capital investments; and

  Income Tax Assessment Act 1936

  and

  Taxation Administration Act 1953

  to enable a managed investment trust to disregard its investment in, and through, an ESVCLP or venture capital limited partnership when determining if it is a trading trust. 

  Bill | Explanatory Memorandum

• Tax Laws Amendment (Tougher Penalties for Country-by-Country Reporting) Bill 2016

  Track (What's this?)

  Date

  29 Feb 2016 

  Chamber

  House of Representatives 

  Status

  Not Proceeding 

  Sponsor

  LEIGH, Andrew, MP 

  Summary

  Amends the

  Income Tax Assessment Act 1997

  and

  Taxation Administration Act 1953

  to introduce a penalty regime for significant global entities who fail to meet their country-by-country reporting obligations. 

  Bill | Explanatory Memorandum

• Territories Legislation Amendment Bill 2016

  Track (What's this?)

  Date

  24 Feb 2016 

  Chamber

  House of Representatives 

  Status

  Act 

  Portfolio

  Infrastructure and Regional Development 

  Summary

  Introduced with the Passenger Movement Charge Amendment (Norfolk Island) Bill 2016, the bill amends the:

  Norfolk Island Legislation Amendment Act 2015

  to: enable New Zealand residents who hold a permanent visa and reside on Norfolk Island access to social security payments from 1 July 2016; align the early claims period for family assistance payments with the early claims periods for social security and child support payments before 1 July 2016; and broaden the definition of the Norfolk Island Regional Council to enable flexibility in the application of local government law;

  Child Support (Assessment) Act 1989

  and

  Child Support (Registration and Collection) Act 1988

  to extend the child support scheme to residents of the Indian Ocean Territories of Christmas Island and Cocos (Keeling) Islands;

  Commonwealth Electoral Act 1918

  and

  Referendum (Machinery Provisions) Act 1984

  to require eligible Australian citizens and eligible other persons living in Norfolk Island to enrol and vote in federal elections and referendums; and

  Acts Interpretation Act 1901

  and

  Norfolk Island Act 1979

  to extend all Commonwealth laws to Norfolk Island, unless expressly provided otherwise. Also makes consequential and transitional amendments to 57 Acts. 

  Bill | Explanatory Memorandum

• Tax Laws Amendment (Norfolk Island CGT Exemption) Bill 2016

  Track (What's this?)

  Date

  11 Feb 2016 

  Chamber

  House of Representatives 

  Status

  Act 

  Portfolio

  Treasury 

  Summary

  Amends the

  Income Tax (Transitional Provisions) Act 1997

  to exempt assets held by Norfolk Island residents before 24 October 2015 from capital gains tax; and the

  Income Tax Assessment Act 1997

  to make consequential amendments. 

  Bill | Explanatory Memorandum

• Transport Security Amendment (Serious or Organised Crime) Bill 2016

  Track (What's this?)

  Date

  11 Feb 2016 

  Chamber

  House of Representatives 

  Status

  Not Proceeding 

  Portfolio

  Infrastructure and Regional Development 

  Summary

  Amends the

  Aviation Transport Security Act 2004

  and

  Maritime Transport and Offshore Facilities Security Act 2003

  to: prevent the use of aviation and maritime transport or offshore facilities in connection with serious or organised crime; establish a regulatory framework to implement harmonised eligibility criteria for the aviation security identification card (ASIC) and maritime security identification card (MSIC) schemes; clarify and align the legislative basis for undertaking security checking of ASIC and MSIC applicants and holders; provide for regulations to prescribe penalties for offences; and insert an additional severability provision to provide guidance to a court as to Parliament’s intention. 

  Bill | Explanatory Memorandum

• Tax and Superannuation Laws Amendment (2016 Measures No. 1) Bill 2016

  Track (What's this?)

  Date

  10 Feb 2016 

  Chamber

  House of Representatives 

  Status

  Act 

  Portfolio

  Treasury 

  Summary

  Amends the:

  A New Tax System (Goods and Services Tax) Act 1999

  to ensure that the goods and services tax (GST) is applied consistently to all supplies of digital products and other imported services to Australian consumers; and relieve non-resident suppliers of the obligation to account for GST on certain supplies;

  A New Tax System (Australian Business Number) Act 1999

  ,

  A New Tax System (Goods and Services Tax) Act 1999

  and

  Taxation Administration Act 1953

  to make consequential amendments;

  Income Tax Assessment Act 1997

  to increase the maximum amount that can be held in farm management deposits (FMDs) by a primary producer to $800 000; and enable certain primary producers experiencing severe drought conditions to withdraw an amount that has been held in an FMD for less than 12 months;

  Income Tax Assessment Act 1997

  and

  Taxation Administration Act 1953

  to enable FMDs to be used to offset loans or other debts; and

  Income Tax Assessment Act 1997

  to make a technical amendment. 

  Bill | Explanatory Memorandum

• Trade Legislation Amendment Bill (No. 1) 2016

  Track (What's this?)

  Date

  10 Feb 2016 

  Chamber

  House of Representatives 

  Status

  Act 

  Portfolio

  Trade and Investment 

  Summary

  Amends the

  Export Market Development Grants Act 1997

  to: remove communications as an eligible expenditure category; place a limit of $15 000 on the free sample expenditure category; describe the promotional literature or other advertising expenditure category as including literature or material in electronic or any other form; remove reimbursement of in country travel (other than air fares) and increase the daily allowance for overseas visits; add to the list of excluded expenses those relating to activities or products that the chief executive officer of Austrade considers may have had a detrimental impact on Australia’s trade reputation; permit Austrade to direct funds from other sources towards export market development grants (EMDG) administration costs; provide that the first independent review of the EMDG scheme must be completed by no later than 31 December 2021 and enable the minister to determine a date for later reviews; and enable the EMDG scheme to continue without a specified termination date; and the

  Australian Trade Commission Act 1985

  to: change the name of the Australian Trade Commission to the Australian Trade and Investment Commission; and amend the short title of the Act to the

  Australian Trade and Investment Commission Act 1985

  . Also makes consequential amendments to 10 Acts. 

  Bill | Explanatory Memorandum

• Tax Laws Amendment (Small Business Restructure Roll-over) Bill 2016

  Track (What's this?)

  Date

  04 Feb 2016 

  Chamber

  House of Representatives 

  Status

  Act 

  Portfolio

  Treasury 

  Summary

  Amends the

  Income Tax Assessment Act 1997

  to enable small businesses to defer the recognition of gains or losses that may arise from the transfer of capital gains tax assets, trading stock, revenue assets and depreciating assets as part of a restructure of their business. 

  Bill | Explanatory Memorandum