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TOTAL RESULTS: 3785

• New Business Tax System (Untainting Tax) Bill 2006

  Track (What's this?)

  Date

  25 May 2006 

  Chamber

  House of Representatives 

  Status

  Act 

  Portfolio

  Treasury 

  Summary

  Consequential on the Tax Laws Amendment (2006 Measures No. 3) Bill 2006, the bill imposes an untainting tax on a company which chooses to untaint a tainted share capital account. 

  Bill | Explanatory Memorandum

• Petroleum Resource Rent Tax (Instalment Transfer Interest Charge Imposition) Bill 2006

  Track (What's this?)

  Date

  25 May 2006 

  Chamber

  House of Representatives 

  Status

  Act 

  Portfolio

  Treasury 

  Summary

  Consequential on the Petroleum Resource Rent Tax Assessment Amendment Bill 2006, the bill imposes as a tax the instalment transfer interest charge, a charge designed to recoup the time value of money associated with the transfer of exploration expenditure in working out a reduced quarterly instalment of petroleum resource rent tax that is subsequently reversed. 

  Bill | Explanatory Memorandum

• Petroleum Resource Rent Tax Assessment Amendment Bill 2006

  Track (What's this?)

  Date

  25 May 2006 

  Chamber

  House of Representatives 

  Status

  Act 

  Portfolio

  Treasury 

  Summary

  Introduced with the Petroleum Resource Rent Tax (Instalment Transfer Interest Charge Imposition) Bill 2006, the bill amends the:

  Petroleum Resource Rent Tax Assessment Act 1987

  to: require petroleum resource rent tax (PRRT) taxpayers to transfer and deduct transferable exploration expenditure when calculating their quarterly PRRT; allow internal corporate restructuring within company groups to occur without losing the ability to transfer exploration expenditure; allow the present value of certain expected future expenditures to close down a petroleum project to be deductible against the PRRT receipts of the project; allow deductibility for fringe benefits tax for PRRT purposes; introduce a transfer notice requirement for vendors disposing of an interest in a petroleum project; extend the lodgment period for PRRT annual returns; and make minor technical amendments; and

  Petroleum Resource Rent Tax Assessment Act 1997

  and

  Taxation Administration Act 1953

  to apply the self assessment regime to PRRT. Also makes a consequential amendment to the

  Taxation Administration Act 1953

  . 

  Bill | Explanatory Memorandum

• Plant Health Australia (Plant Industries) Funding Amendment Bill 2006

  Track (What's this?)

  Date

  25 May 2006 

  Chamber

  House of Representatives 

  Status

  Act 

  Portfolio

  Agriculture, Fisheries and Forestry 

  Summary

  Amends the

  Plant Health Australia (Plant Industries) Funding Act 2002

  to: enable monies equal to the amounts received through emergency plant pest response levies and charges imposed on plant products to be appropriated out of the Consolidated Revenue Fund and paid to Plant Health Australia (PHA); and authorise PHA to administer these amounts on behalf of plant industry members. 

  Bill | Explanatory Memorandum

• Royal Commissions Amendment Bill 2006

  Track (What's this?)

  Date

  25 May 2006 

  Chamber

  House of Representatives 

  Status

  Act 

  Portfolio

  Prime Minister 

  Summary

  Following the Federal Court decision in

  AWB Limited v Honourable Terence Rhoderic Hudson Cole

  , the bill amends the

  Royal Commissions Act 1992

  to clarify the operation of the Act in relation to claims of legal professional privilege. 

  Bill | Explanatory Memorandum

• Tax Laws Amendment (2006 Measures No. 3) Bill 2006

  Track (What's this?)

  Date

  25 May 2006 

  Chamber

  House of Representatives 

  Status

  Act 

  Portfolio

  Treasury 

  Summary

  Introduced with the New Business Tax System (Untainting Tax) Bill 2006, the bill amends the:

  Income Tax Assessment Act 1936

  and

  Income Tax Assessment Act 1997

  to extend eligibility for the beneficiary tax offset to farmers and small business owners in receipt of Cyclone Larry and Cyclone Monica income support payments, and to drought affected taxpayers in receipt of interim income support payments;

  Income Tax Assessment Act 1936

  ,

  Income Tax Assessment Act 1997

  ,

  Income Tax (Transitional Provisions) Act 1997

  and

  Taxation Administration Act 1953

  to ensure that a company’s share capital account will become tainted if it transfers certain amounts to that account;

  Income Tax Assessment Act 1997

  to: disregard for capital gains tax purposes any capital gain or capital loss resulting from government expense-reimbursing financial assistance; and establish five new deductible gift recipient categories; 6 Acts to provide an offset in respect of Medicare levy surcharge liability for taxpayers receiving an eligible lump sum payment in arrears;

  Superannuation Guarantee (Administration) Act 1992

  and

  Taxation Administration Act 1953

  to require superannuation providers to report details of superannuation contributions to the Australian Taxation Office;

  Fringe Benefits Tax Assessment Act 1986

  to exclude from reporting, fringe benefits provided to address certain employee personal security concerns;

  Income Tax Assessment Act 1936

  to prevent inappropriate use of pre-1 July 1988 superannuation funding credits;

  A New Tax System (Australian Business Number) Act 1999

  and

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

  to allow certain funds that raise money for other deductible gift recipients to obtain an Australian Business Number;

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

  to clarify goods and services tax charity and charitable retirement village concessions; and ensure that supplies of certain types of real property remain input taxed;

  Tax Laws Amendment (Improvements to Self Assessment) Act (No. 2) 2005

  to clarify that the reduced 4 year amendment period for income tax assessments involving tax avoidance applies from the 2004-05 financial year; and

  A New Tax System (Wine Equalisation Tax) Act 1999

  to increase the maximum amount of wine equalisation tax producer rebate claimable by a wine producer each financial year. Also provides tax-free status for certain payments to businesses adversely affected by Cyclone Larry and Cyclone Monica. 

  Bill | Explanatory Memorandum

• Tax Laws Amendment (Medicare Levy and Medicare Levy Surcharge) Bill 2006

  Track (What's this?)

  Date

  25 May 2006 

  Chamber

  House of Representatives 

  Status

  Act 

  Portfolio

  Treasury 

  Summary

  Amends the

  A New Tax System (Medicare Levy Surcharge—Fringe Benefits) Act 1999

  and

  Medicare Levy Act 1986

  to increase the Medicare levy low income thresholds and the Medicare levy surcharge low income thresholds for the 2005-06 financial year and later financial years. Also amends the

  Medicare Levy Act 1986

  to increase the Medicare levy low income threshold for pensioners below age pension age for the 2005-2006 financial year and later financial years. 

  Bill | Explanatory Memorandum

• Customs Amendment (Fuel Tax Reform and Other Measures) Bill 2006

  Track (What's this?)

  Date

  11 May 2006 

  Chamber

  House of Representatives 

  Status

  Act 

  Portfolio

  Justice and Customs 

  Summary

  Part of a package of 4 bills to replace the current system of fuel tax concessions with a single fuel tax credit system from 1 July 2006, the bill amends the

  Customs Act 1901

  to: strengthen customs control over certain imported goods that are used in the manufacture of excisable goods; repeal the customs-related provisions of the fuel penalty surcharge legislation; and replicate certain provisions of the

  Spirits Act 1906

  which is to be repealed by the proposed Excise Laws Amendment (Fuel Tax Reform and Other Measures) Bill 2006. 

  Bill | Explanatory Memorandum

• Customs Tariff Amendment (Fuel Tax Reform and Other Measures) Bill 2006

  Track (What's this?)

  Date

  11 May 2006 

  Chamber

  House of Representatives 

  Status

  Act 

  Portfolio

  Justice and Customs 

  Summary

  Part of a package of 4 bills to replace the current system of fuel tax concessions with a single fuel tax credit system from 1 July 2006, the bill amends the

  Customs Tariff Act 1995

  to strengthen customs control over certain goods that are used in the manufacture of excisable goods and to ensure that certain alcohol, tobacco and petroleum products are subject to the same duty, when imported, as is applied under the

  Excise Tariff Act 1921

  for equivalent products manufactured or produced in Australia. 

  Bill | Explanatory Memorandum

• Excise Laws Amendment (Fuel Tax Reform and Other Measures) Bill 2006

  Track (What's this?)

  Date

  11 May 2006 

  Chamber

  House of Representatives 

  Status

  Act 

  Portfolio

  Treasury 

  Summary

  Part of a package of 4 bills to replace the current system of fuel tax concessions with a single fuel tax credit system from 1 July 2006, the bill amends the:

  Excise Act 1901

  to: clarify the arrangements for using imported inputs in the manufacture of excisable goods; streamline administrative arrangements for concessional spirits; establish common validity periods for all excise licences and include additional factors which may be taken into account when granting or suspending a licence; provide for rules to govern the measurement of excisable goods; remove redundant provisions; and include provisions to protect the revenue in relation to tobacco leaf and bulk beer;

  Energy Grants (Cleaner Fuels) Scheme Act 2004

  to include a biofuel manufactured from vegetable oils or animal fats through a process of hydrogenation as a “cleaner fuel”. Also makes consequential amendments to 6 Acts; and repeals 7 redundant Acts. 

  Bill | Explanatory Memorandum