Assented Bills of the current Parliament

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TOTAL RESULTS: 208

  • Date
    09 Feb 2023 
    Chamber
    House of Representatives 
    Status
    Act 
    Portfolio
    Treasury 
    Summary
    Introduced with the Housing Australia Future Fund Bill 2023 and National Housing Supply and Affordability Council Bill 2023, the bill amends: the
    National Housing Finance and Investment Corporation Act 2018
    to rename the National Housing Finance and Investment Corporation to Housing Australia; the renamed
    Housing Australia Act 2018
    to: streamline the functions of Housing Australia; establish an annual review mechanism for the National Housing Infrastructure Facility; and extend the Commonwealth guarantee of the liabilities of Housing Australia to apply to contracts entered into until 30 June 2028; and 10 Acts to make consequential amendments. 

    Bill | Explanatory Memorandum

  • Date
    07 Feb 2024 
    Chamber
    House of Representatives 
    Status
    Assent 
    Portfolio
    Treasury 
    Summary
    Introduced with the Foreign Acquisitions and Takeovers Fees Imposition Amendment Bill 2024, the bill amends the
    International Tax Agreements Act 1953
    to clarify any uncertainty associated with the interaction between certain taxes, such as foreign investment fees and similar state and territory property taxes, and double tax agreements implemented domestically. 

    Bill | Explanatory Memorandum

  • Date
    08 Mar 2023 
    Chamber
    House of Representatives 
    Status
    Act 
    Portfolio
    Treasury 
    Summary
    Introduced with the Financial Accountability Regime Bill 2023, Financial Accountability Regime (Consequential Amendments) Bill 2023, Financial Services Compensation Scheme of Last Resort Levy Bill 2023 and Financial Services Compensation Scheme of Last Resort Levy (Collection) Bill 2023, the bill amends the
    Corporations Act 2001
    ,
    Australian Securities and Investments Commission Act 2001
    and
    National Consumer Credit Protection Act 2009
    to establish the financial services compensation scheme of last resort to provide compensation to eligible consumers in circumstances where an Australian Financial Complaints Authority determination awarding monetary compensation has been made in their favour, but which the relevant entity has not paid. 

    Bill | Explanatory Memorandum

  • 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

  • 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

  • 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

  • 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

  • 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

  • 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

  • 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