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TOTAL RESULTS: 224

• Treasury Laws Amendment (2022 Measures No. 5) Bill 2022

  Track (What's this?)

  Date

  30 Nov 2022 

  Chamber

  House of Representatives 

  Status

  Act 

  Portfolio

  Treasury 

  Summary

  Amends the

  Income Tax Assessment Act 1997

  to update the list of deductible gift recipients. 

  Bill | Explanatory Memorandum

• Treasury Laws Amendment (2023 Law Improvement Package No. 1) Bill 2023

  Track (What's this?)

  Date

  14 Jun 2023 

  Chamber

  House of Representatives 

  Status

  Act 

  Portfolio

  Treasury 

  Summary

  Amends the:

  Australian Securities and Investments Commission Act 2001

  ,

  Corporations Act 2001

  and 42 other Acts to implement certain recommendations of the Australian Law Reform Commission’s Financial Services Interim Reports A and B to: ‘unfreeze’ the

  Acts Interpretation Act 1901

  so that the current version applies to the

  Australian Securities and Investments Commission Act 2001

  and

  Corporations Act 2001

  ; create a single glossary of defined terms in the

  Corporations Act 2001

  ; repeal redundant definitions; address unclear or incorrect provisions; simplify unnecessarily complex provisions; and make consequential and contingent amendments;

  Insurance Acquisitions and Takeovers Act 1991

  ,

  Insurance Act 1973

  ,

  Insurance Contracts Act 1984

  ,

  Life Insurance Act 1995

  and

  Terrorism and Cyclone Insurance Act 2003

  to implement findings of the thematic review of insurance instruments due to sunset on 1 October 2023;

  Corporations Act 2001

  and

  National Consumer Credit Protection Act 2009

  to move certain matters currently in legislative instruments into primary law. Also makes minor and technical amendments to 10 Acts in the Treasury portfolio and repeals the

  ASIC Corporations (Superannuation and Schemes: Underlying Investments) Instrument 2016/378

  . 

  Bill | Explanatory Memorandum

• Treasury Laws Amendment (2023 Measures No. 1) Bill 2023

  Track (What's this?)

  Date

  16 Feb 2023 

  Chamber

  House of Representatives 

  Status

  Act 

  Portfolio

  Treasury 

  Summary

  Amends the:

  Corporations Act 2001

  to: allow the Australian Securities and Investments Commission (ASIC) to approve applications from one or more licensees to register on the Financial Advisers Register the same relevant provider; and allow assisted decision-making to be used for any purpose for which ASIC may make decisions in the performance or exercise of its functions or powers to register a relevant provider;

  Australian Securities and Investments Commission Act 2001

  to: provide the Australian Accounting Standards Board with functions to develop and formulate sustainability standards; expand the Auditing and Assurance Standards Board's functions to include formulating auditing and assurance standards for sustainability purposes; and expand the Financial Reporting Council's oversight and governance powers to account for the development of sustainability standards;

  Tax Agent Services Act 2009

  to implement certain recommendations of the Review of the Tax Practitioners Board (TPB) by: amending the objects clause of the Act; creating a special account for the TPB; requiring tax practitioners not to employ or use a disqualified entity without the TPB's approval, or enter an arrangement with a disqualified entity; converting the registration period from at least every three years to at least every year; and enabling the minister to supplement the existing Code of Professional Conduct;

  Income Tax Assessment Act 1936

  and

  Income Tax Assessment Act 1997

  to align the income tax treatment of off-market share buy-backs undertaken by listed public companies with on-market share buy-backs; and

  Income Tax Assessment Act 1997

  to: ensure the alignment of tax treatment across capital management activities for listed public companies; and prevent certain distributions that are funded by capital raisings from being frankable. 

  Bill | Explanatory Memorandum

• Treasury Laws Amendment (2023 Measures No. 2) Bill 2023

  Track (What's this?)

  Date

  10 May 2023 

  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 and Medicare levy surcharge low-income threshold amounts for individuals, families and individual taxpayers and families eligible for the seniors and pensioners tax offset; and increase the phase-in limits as a result of the increased threshold amounts;

  Commonwealth Banks Act 1959

  to provide that the existing Commonwealth guarantee for pre-privatisation members of the Commonwealth Bank superannuation fund will continue to apply if the fund merges with another superannuation fund;

  Income Tax Assessment Act 1997

  to enable eligible primary producers to treat certain carbon abatement income as primary production income for the purposes of the Farm Management Deposit Scheme and accessing income tax averaging arrangements for primary producers;

  Taxation Administration Act 1953

  to reduce the gross domestic product adjustment factor for the 2023-24 financial year to 6 per cent; and

  National Housing Finance and Investment Corporation Act 2018

  to expand the objects of the Act to include assisting earlier access to the housing market for eligible individuals who have not held an ownership interest in real property in Australia in the preceding 10 years and single legal guardians of children. 

  Bill | Explanatory Memorandum

• Treasury Laws Amendment (2023 Measures No. 3) Bill 2023

  Track (What's this?)

  Date

  14 Jun 2023 

  Chamber

  House of Representatives 

  Status

  Act 

  Portfolio

  Treasury 

  Summary

  Amends the:

  Corporations Act 2001

  to: prohibit schemes designed to avoid the application of a product intervention order relating to a credit facility; remove tertiary education requirements for financial advisers with 10 or more years’ experience and a clean disciplinary record; address certain limitations in the education requirements for new entrants into the financial advice profession and financial advisers who are registered tax agents; make amendments contingent on the commencement of the

  Treasury Laws Amendment (2023 Law Improvement Package No. 1) Act 2023

  and

  Treasury Laws Amendment (Modernising Business Communications and Other Measures) Act 2023

  ;

  Australian Securities and Investments Commission Act 2001

  and

  Corporations Act 2001

  to enable the Australian Securities and Investment Commission to implement and enforce requirements on a monopoly provider of clearing and settlement (CS) services to achieve competitive outcomes;

  Competition and Consumer Act 2010

  to provide the Australian Competition and Consumer Commission with the power to conduct binding arbitration to resolve disputes regarding access to certain CS services; and

  Income Tax Assessment Act 1997

  and

  Taxation Administration Act 1953

  to: increase the discretion of the Commissioner of Taxation to amend and revoke First Home Super Saver (FHSS) Scheme applications; enable individuals to withdraw or amend their FHSS Scheme applications before receiving a FHSS Scheme amount, and enabling those who withdraw to re-apply for FHSS Scheme releases in the future; enable the Commissioner of Taxation to return any FHSS Scheme amounts to superannuation funds, provided the amount has not yet been released to the individual; and clarify that FHSS Scheme amounts returned to superannuation funds do not count towards individuals’ contribution caps. 

  Bill | Explanatory Memorandum

• Treasury Laws Amendment (Australia-India Economic Cooperation and Trade Agreement Implementation) Bill 2022

  Track (What's this?)

  Date

  28 Sep 2022 

  Chamber

  House of Representatives 

  Status

  Act 

  Portfolio

  Treasury 

  Summary

  Amends the

  International Tax Agreements Act 1953

  to give legislative authority to the Australia-India Economic Cooperation and Trade Agreement to exclude from tax within Australia payments and credits made to Indian residents by Australian customers for technical services provided remotely that are covered by the Agreement. 

  Bill | Explanatory Memorandum

• Treasury Laws Amendment (Cost of Living Tax Cuts) Bill 2024

  Track (What's this?)

  Date

  06 Feb 2024 

  Chamber

  House of Representatives 

  Status

  Act 

  Portfolio

  Treasury 

  Summary

  Introduced with the Treasury Laws Amendment (Cost of Living—Medicare Levy) Bill 2024, the bill amends the

  Income Tax Rates Act 1986

  to modify income tax rate thresholds and tax rates for individuals for the 2024-25 and later financial years. 

  Bill | Explanatory Memorandum

• Treasury Laws Amendment (Cost of Living—Medicare Levy) Bill 2024

  Track (What's this?)

  Date

  06 Feb 2024 

  Chamber

  House of Representatives 

  Status

  Act 

  Portfolio

  Treasury 

  Summary

  Introduced with the Treasury Laws Amendment (Cost of Living Tax Cuts) Bill 2024, the bill amends the

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

  and

  Medicare Levy Act 1986

  to: increase the Medicare levy and Medicare levy surcharge low-income threshold amounts for individuals, families and individual taxpayers and families eligible for the seniors and pensioners tax offset; and increase the phase-in limits as a result of the increased threshold amounts. 

  Bill | Explanatory Memorandum

• Treasury Laws Amendment (Electric Car Discount) Bill 2022

  Track (What's this?)

  Date

  27 Jul 2022 

  Chamber

  House of Representatives 

  Status

  Act 

  Portfolio

  Treasury 

  Summary

  Amends the

  Fringe Benefits Tax Assessment Act 1986

  to exempt from fringe benefits tax the use, or availability for use, of cars made available by employers to current employees that are zero or low emissions vehicles with a value at first retail sale below the luxury car tax threshold for fuel efficient vehicles. 

  Bill | Explanatory Memorandum

• Treasury Laws Amendment (Energy Price Relief Plan) Bill 2022

  Track (What's this?)

  Date

  15 Dec 2022 

  Chamber

  House of Representatives 

  Status

  Act 

  Portfolio

  Treasury 

  Summary

  Amends the:

  Competition and Consumer Act 2010

  to: establish regulation-making powers in relation to dealings between persons who supply or acquire a gas commodity, dealing with and resolving disputes or complaints between persons who supply or acquire a gas commodity, and gas market emergency price orders; enable the Australian Competition and Consumer Commission to order the production of certain information and documents, investigate suspected non-compliance and utilise a range of sanctions for non-compliance; provide for civil penalty provisions of gas market instruments; and prohibit schemes designed to avoid the application of a civil penalty provision of a gas market instrument; and

  Federal Financial Relations Act 2009

  to introduce a payment to states and territories to support temporary energy bill relief for households and small businesses. 

  Bill | Explanatory Memorandum