Assented Bills of the current Parliament

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TOTAL RESULTS: 380

  • Tax Laws Amendment (Implementation of the Common Reporting Standard) Bill 2015

    Track (What's this?)

    Date
    03 Dec 2015 
    Chamber
    House of Representatives 
    Status
    Act 
    Portfolio
    Treasury 
    Summary
    Amends the
    Taxation Administration Act 1953
    to: require financial institutions to carry out Common Reporting Standard due diligence procedures to identify reportable accounts held by foreign tax residents and provide statements about those accounts; require financial institutions to provide a statement in relation to certain accounts if they receive a notice requiring them to do so; provide for administrative penalties when financial institutions fail to collect account holder self-certifications about the jurisdiction of residence for tax purposes; and require financial institutions to keep records for at least five years that explain the procedures used for identifying these accounts. Also makes consequential amendments to the
    Income Tax Assessment Act 1997
    ,
    Tax and Superannuation Laws Amendment (2015 Measures No. 5) Act 2015
    and
    Taxation Administration Act 1953

    Bill | Explanatory Memorandum

  • Tax Laws Amendment (New Tax System for Managed Investment Trusts) Bill 2015

    Track (What's this?)

    Date
    03 Dec 2015 
    Chamber
    House of Representatives 
    Status
    Act 
    Portfolio
    Treasury 
    Summary
    Part of a package of four bills to establish a new tax system for certain managed investment trusts, the bill amends the:
    Income Tax Assessment Act 1997
    and
    Taxation Administration Act 1953
    to establish the new class of attribution managed investment trusts (AMIT); and enable the Commissioner of Taxation to determine an amount of non-arm’s length income in relation to a managed investment trust (MIT);
    Income Tax Assessment Act 1997
    to provide that a member of an AMIT will make a capital gain or capital loss when a capital gains tax event happens to their membership interests;
    Income Tax Assessment Act 1936
    ,
    Income Tax Assessment Act 1997
    and
    Taxation Administration Act 1953
    to provide that fund payment withholding provisions apply when a withholding MIT makes a fund payment to another entity that has a place of payment or address outside Australia;
    Income Tax Assessment Act 1936
    and
    Income Tax Assessment Act 1997
    to exclude certain superannuation funds and exempt entities from the application of the 20 per cent tracing rule for public trading trusts;
    Income Tax Assessment Act 1936
    to repeal the corporate unit trust rules; and
    Taxation Administration Act 1953
    to extend the list of entities qualifying as eligible investors for the purpose of the widely held requirements. Also amends 13 Acts to make consequential amendments. 

    Bill | Explanatory Memorandum

  • Water Amendment (Review Implementation and Other Measures) Bill 2015

    Track (What's this?)

    Date
    03 Dec 2015 
    Chamber
    House of Representatives 
    Status
    Act 
    Portfolio
    Agriculture and Water Resources 
    Summary
    Amends the
    Water Act 2007
    in relation to: reviews and reporting requirements for the Basin Plan; accreditation of first generation state water resource plans with further accreditations linked to Basin Plan review outcomes; incorporation of Indigenous expertise and knowledge in the governance of the basin’s water resources; trading by the Commonwealth Environmental Water Holder; and the redundancy of the Murray-Darling Basin Water Rights Information Service; and technical and consequential amendments. 

    Bill | Explanatory Memorandum

  • Appropriation Bill (No. 3) 2015-2016

    Track (What's this?)

    Date
    04 Feb 2016 
    Chamber
    House of Representatives 
    Status
    Act 
    Portfolio
    Finance 
    Summary
    Appropriates additional money out of the Consolidated Revenue Fund for the ordinary annual services of the government, in addition to the appropriations provided for by the
    Appropriation Act (No. 1) 2015-2016

    Bill | Explanatory Memorandum

  • Appropriation Bill (No. 4) 2015-2016

    Track (What's this?)

    Date
    04 Feb 2016 
    Chamber
    House of Representatives 
    Status
    Act 
    Portfolio
    Finance 
    Summary
    Appropriates additional money out of the Consolidated Revenue Fund for certain expenditure, in addition the appropriations provided for by the
    Appropriation Act (No. 2) 2015-2016

    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

  • Narcotic Drugs Amendment Bill 2016

    Track (What's this?)

    Date
    10 Feb 2016 
    Chamber
    House of Representatives 
    Status
    Act 
    Portfolio
    Health 
    Summary
    Amends the
    Narcotic Drugs Act 1967
    to: give effect to certain of Australia’s obligations under the Single Convention on Narcotic Drugs, 1961 (the Single Convention); establish licensing and permit schemes for the cultivation and production of cannabis and cannabis resin for medicinal and scientific purposes, and for the manufacture of narcotic drugs covered by the Single Convention; provide for monitoring, inspection and enforcement powers for authorised inspectors and for the secretary to give directions to licence holders and former licence holders; and enable the secretary to authorise a state or territory government agency to undertake cultivation and production of cannabis and manufacture of medicinal cannabis products; and the
    Therapeutic Goods Act 1989
    to make a consequential amendment. 

    Bill | Explanatory Memorandum

  • Parliamentary Entitlements Amendment (Injury Compensation Scheme) Bill 2016

    Track (What's this?)

    Date
    10 Feb 2016 
    Chamber
    House of Representatives 
    Status
    Act 
    Portfolio
    Finance 
    Summary
    Amends the
    Parliamentary Entitlements Act 1990
    to enable the minister to make a legislative instrument to establish a parliamentary injury compensation scheme to provide the same benefits to parliamentarians and the spouse of the Prime Minister based on the scheme applicable to Commonwealth employees under the
    Safety, Rehabilitation and Compensation Act 1988
    and for Comcare to administer the scheme; and the
    Safety, Rehabilitation and Compensation Act 1988
    and
    Age Discrimination Act 2004
    to make consequential amendments. 

    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

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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.

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