What is a bill?

A bill is a proposal for a law or a change to an existing law. A bill becomes law (an Act) when agreed to in identical form by both houses of Parliament and assented to by the Governor-General.

Assented Bills of the current Parliament

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Current Bills
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TOTAL RESULTS: 90

  • Date
    09 Feb 2017 
    Chamber
    House of Representatives 
    Status
    Act 
    Portfolio
    Treasury 
    Summary
    Introduced with the Diverted Profits Tax Bill 2017, the bill amends: five Acts to provide for a diverted profits tax from 1 July 2017 to ensure that significant global entities are not able to avoid their tax obligations by diverting profits generated in Australia offshore; the
    Taxation Administration Act 1953
    to increase the administrative penalties that can be imposed by the Commissioner of Taxation on significant global entities for breaching their tax reporting obligations; and the
    Income Tax Assessment Act 1997
    to update the reference to Organisation for Economic Cooperation and Development (OECD) transfer pricing guidelines in Australia’s cross-border transfer pricing rules to include the 2016 OECD amendments to the guidelines. 

    Bill | Explanatory Memorandum

  • Date
    09 Feb 2017 
    Chamber
    House of Representatives 
    Status
    Act 
    Portfolio
    Treasury 
    Summary
    Amends the
    Income Tax Assessment Act 1997
    to include the Bourke Street Fund on the list of deductible gift recipients. 

    Bill | Explanatory Memorandum

  • Date
    16 Feb 2017 
    Chamber
    House of Representatives 
    Status
    Act 
    Portfolio
    Treasury 
    Summary
    Amends the:
    Income Tax Assessment Act 1997
    to ensure that investors who invest through an interposed trust are able to access the capital gain concessions provided by the tax incentives for early stage investors and venture capital investment measures; and
    Australian Securities and Investments Commission Act 2001
    to specify that the sharing of confidential information by the Australian Securities and Investments Commission with the Commissioner of Taxation is authorised use and disclosure of that information. 

    Bill | Explanatory Memorandum

  • Date
    01 Dec 2016 
    Chamber
    House of Representatives 
    Status
    Act 
    Portfolio
    Treasury 
    Summary
    Amends the:
    Terrorism Insurance Act 2003
    to clarify that losses attributable to terrorist attacks using chemical or biological means are covered by the terrorism insurance scheme;
    Corporations Act 2001
    to: provide that employee share scheme disclosure documents lodged with the Australian Securities and Investments Commission are not made publicly available for certain start-up companies; and provide protection for retail client money and property held by financial services licensees in relation to over-the-counter derivative products;
    Income Tax Assessment Act 1997
    to update the list of deductible gift recipients; and
    Income Tax Assessment Act 1936
    and
    Income Tax Assessment Act 1997
    to provide income tax relief to eligible New Zealand special category visa holders who are impacted by disasters in Australia. 

    Bill | Explanatory Memorandum

  • Date
    01 Dec 2016 
    Chamber
    House of Representatives 
    Status
    Act 
    Portfolio
    Infrastructure and Regional Development 
    Summary
    Amends the:
    Aviation Transport Security Act 2004
    to enable people, vehicles and goods to undergo aviation security screening within an airside area or zone at a security controlled airport; and
    Aviation Transport Security Act 2004
    and
    Maritime Transport and Offshore Facilities Security Act 2003
    to enable the secretary to delegate his or her powers to lower level Australian Public Service employees. 

    Bill | Explanatory Memorandum

  • Date
    14 Sep 2016 
    Chamber
    House of Representatives 
    Status
    Act 
    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

  • Date
    03 Nov 2016 
    Chamber
    House of Representatives 
    Status
    Act 
    Portfolio
    Treasury 
    Summary
    Introduced with the Treasury Laws Amendment (Fair and Sustainable Superannuation) Bill 2016, the bill imposes an excess transfer balance tax on the notional earnings of capital moved into a retirement phase superannuation account that is in excess of $1.6 million. 

    Bill | Explanatory Memorandum

  • Date
    12 Oct 2016 
    Chamber
    House of Representatives 
    Status
    Act 
    Portfolio
    Treasury 
    Summary
    Part of a package of four bills in relation to tax arrangements for working holiday makers, the bill amends the
    Superannuation (Departing Australia Superannuation Payments Tax) Act 2007
    to increase the rate of the departing Australia superannuation payments tax to 95 per cent for working holiday makers. 

    Bill | Explanatory Memorandum

  • Date
    01 Dec 2016 
    Chamber
    House of Representatives 
    Status
    Act 
    Portfolio
    Treasury 
    Summary
    Amends the S
    uperannuation (Departing Australia Superannuation Payments Tax) Act 2007
    to reduce the rate of the departing Australia superannuation payments tax from 95 per cent to 65 per cent for working holiday makers. 

    Bill | Explanatory Memorandum

  • Date
    01 Sep 2016 
    Chamber
    House of Representatives 
    Status
    Act 
    Portfolio
    Attorney-General 
    Summary
    Amends: 100 Acts to replace references to penalties expressed as a number of dollars with penalties expressed as a number of penalty units; 27 Acts to replace references to ‘maximum penalty’ with references to ‘penalty’; 32 Acts to provide that provisions relating to the evidentiary status of a certificate (or other instrument or register) clearly provide that it is prima facie evidence of the matters stated in it; and the
    Antarctic Treaty (Environment Protection) Act 1980
    ,
    Crimes (Aviation) Act 1991
    ,
    Crimes (Currency) Act 1981
    and
    Maritime Powers Act 2013
    to update references to aircraft registered in accordance with the Civil Aviation Regulations 1988. 

    Bill | Explanatory Memorandum