Assented Bills of the current Parliament

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TOTAL RESULTS: 325

  • Tax Laws Amendment (Combating Multinational Tax Avoidance) Bill 2015

    Track (What's this?)

    Date
    16 Sep 2015 
    Chamber
    House of Representatives 
    Status
    Act 
    Portfolio
    Treasury 
    Summary
    Amends the:
    Income Tax Assessment Act 1997
    to: provide for a standard and centralised set of concepts to determine whether an entity is a ‘significant global entity’; and introduce new standards for transfer pricing documentation and country-by-country reporting by significant global entities;
    Income Tax Assessment Act 1936
    to negate certain tax avoidance schemes used by multinational entities to artificially avoid the attribution of profits to a permanent establishment in Australia; and
    Taxation Administration Act 1953
    to: increase the penalties imposed on significant global entities that enter into tax avoidance or profit shifting schemes; and make consequential amendments. 

    Bill | Explanatory Memorandum

  • Tax Laws Amendment (2014 Measures No. 1) Bill 2014

    Track (What's this?)

    Date
    27 Mar 2014 
    Chamber
    House of Representatives 
    Status
    Act 
    Portfolio
    Treasury 
    Summary
    Amends the:
    Income Tax Assessment Act 1997
    to: enable individuals to consolidate multiple farm management deposits (FMD); and increase the taxable non-primary production income threshold;
    Banking Act 1959
    to exclude an FMD from becoming unclaimed moneys;
    Income Tax (Transitional Provisions) Act 1997
    to retrospectively clarify the tax treatment of FMDs that became unclaimed money;
    A New Tax System (Goods and Services Tax) Act 1999
    ,
    Income Tax Assessment Act 1936
    and
    Taxation Administration Act 1953
    to: ensure that overpaid goods and services tax is only refundable in certain circumstances; and make consequential amendments; and
    Taxation Administration Act 1953
    to: enable merits review of certain commissioner’s decisions; and validate certain past objections and reviews. 

    Bill | Explanatory Memorandum

  • Tax Bonus for Working Australians Repeal Bill 2013

    Track (What's this?)

    Date
    12 Dec 2013 
    Chamber
    House of Representatives 
    Status
    Act 
    Portfolio
    Treasury 
    Summary
    The bill: repeals the
    Tax Bonus for Working Australians Act (No. 2) 2009
    to provide that no further tax bonus payments ($900 stimulus cheques) are made; and makes consequential amendments to the
    Income Tax Assessment Act 1997
    ,
    Social Security Act 1991
    ,
    Taxation Administration Act 1953
    and
    Veterans’ Entitlements Act 1986

    Bill | Explanatory Memorandum

  • Tax and Superannuation Laws Amendment (Norfolk Island Reforms) Bill 2015

    Track (What's this?)

    Date
    26 Mar 2015 
    Chamber
    House of Representatives 
    Status
    Act 
    Portfolio
    Treasury 
    Summary
    Part of a package of eight bills to reform the legal and governance framework for Norfolk Island, the bill amends the:
    Income Tax Assessment Act 1936
    and
    Income Tax Assessment Act 1997
    to: remove an income tax exemption available to Norfolk Island residents, companies and trustees on income sourced from Norfolk Island and outside Australia; and to remove the full exemption from the Medicare levy for residents;
    Income Tax (Transitional Provisions) Act 1997
    to apply transitional arrangements to the capital gains tax liabilities of resident entities; and
    Superannuation Guarantee (Administration) Act 1992
    to: remove superannuation guarantee exemptions that apply to employers and employees in relation to work performed on Norfolk Island; and establish transitional arrangements which will phase in the superannuation guarantee over the next 12 years. 

    Bill | Explanatory Memorandum

  • Tax and Superannuation Laws Amendment (Medicare Levy and Medicare Levy Surcharge) Bill 2015

    Track (What's this?)

    Date
    27 May 2015 
    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 single taxpayers 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

  • Tax and Superannuation Laws Amendment (Employee Share Schemes) Bill 2015

    Track (What's this?)

    Date
    25 Mar 2015 
    Chamber
    House of Representatives 
    Status
    Act 
    Portfolio
    Treasury 
    Summary
    Amends the:
    Income Tax Assessment Act 1936
    ,
    Income Tax Assessment Act 1997
    ,
    Income Tax (Transitional Provisions) Act 1997
    and
    Taxation Administration Act 1953
    in relation to the taxation of employee share schemes by: amending the taxing point for rights for employees of all corporate tax entities; and providing an additional tax concession for employees of certain small start-up companies; and
    Income Tax Assessment Act 1997
    to: enable the Commissioner of Taxation to approve a method for determining the market value of an asset or non-cash benefit for income tax purposes; and make technical amendments. 

    Bill | Explanatory Memorandum

  • Tax and Superannuation Laws Amendment (Better Targeting the Income Tax Transparency Laws) Bill 2015

    Track (What's this?)

    Date
    20 Aug 2015 
    Chamber
    House of Representatives 
    Status
    Act 
    Portfolio
    Treasury 
    Summary
    Amends the
    Taxation Administration Act 1953
    to exempt Australian-owned private companies from the requirement that the Commissioner of Taxation publish certain tax information in relation to corporate tax entities that report total income above $100 million. 

    Bill | Explanatory Memorandum

  • Tax and Superannuation Laws Amendment (2015 Measures No. 5) Bill 2015

    Track (What's this?)

    Date
    15 Oct 2015 
    Chamber
    House of Representatives 
    Status
    Act 
    Portfolio
    Treasury 
    Summary
    Amends the:
    Income Tax Assessment Act 1997
    to: reduce the methods for calculating work-related car expense deductions to include the logbook method and the cents per kilometre method; and provide for a single rate for the calculation of the cents per kilometre method to be determined by the Commissioner of Taxation;
    Income Tax Assessment Act 1936
    to restrict the application of the Zone Tax Offset to people whose usual place of residence is within a zone or a prescribed area within a zone;
    Fringe Benefits Tax Assessment Act 1936
    to limit the concessional treatment of salary packaged entertainment benefits;
    Taxation Administration Act 1953
    to create a new reporting regime which requires third parties to report to the commissioner on certain transactions which could reasonably be expected to have tax consequences for other entities; and
    Fringe Benefits Tax Assessment Act 1986
    ,
    Income Tax Assessment Act 1997
    ,
    Tax Agent Services Act 2009
    and
    Taxation Administration Act 1953
    to make consequential amendments. 

    Bill | Explanatory Memorandum

  • Tax and Superannuation Laws Amendment (2015 Measures No. 4) Bill 2015

    Track (What's this?)

    Date
    20 Aug 2015 
    Chamber
    House of Representatives 
    Status
    Act 
    Portfolio
    Treasury 
    Summary
    Amends the:
    Income Tax Assessment Act 1997
    to ensure that capital gains tax scrip for scrip roll-over rules apply appropriately;
    Income Tax Assessment Act 1936
    to remove the income tax exemption for employees of an Australian government agency who work overseas for not less than 91 days delivering Official Development Assistance; and
    Superannuation (Unclaimed Money and Lost Members) Act 1999
    to increase the account balance threshold below which small lost member accounts must be transferred to the Commissioner of Taxation. 

    Bill | Explanatory Memorandum

  • Tax and Superannuation Laws Amendment (2015 Measures No. 2) Bill 2015

    Track (What's this?)

    Date
    24 Jun 2015 
    Chamber
    House of Representatives 
    Status
    Act 
    Portfolio
    Treasury 
    Summary
    Amends the:
    Income Tax Assessment Act 1997
    and
    Income Tax (Transitional Provisions) Act 1997
    to: provide tax relief to taxpayers entering into certain arrangements in relation to mining, quarrying and prospecting rights and information; and amend the company loss recoupment rules;
    Income Tax Assessment Act 1997
    to extend the effective life of in-house software from four to five years; and
    Income Tax Assessment Act 1997
    ,
    Income Tax (Transitional Provisions) Act 1997
    and
    Taxation Administration Act 1953
    to provide income tax look-through treatment for instalment warrants, instalment receipts, and other similar arrangements, and for certain limited recourse borrowing arrangements entered into by regulated superannuation funds. 

    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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