New Business Tax System (Alienation of Personal Services Income) Bill 2000

Summary

Part of a package of three bills in relation to alienation of personal services income, the bill amends the: Income Tax Assessment Act 1997 to introduce new rules for the income tax treatment of certain personal services income to prevent individuals reducing their tax by diverting the income generated by their personal services to a company, partnership or trust and limit work-related deductions available in those cases; Taxation Administration Act 1953 to apply the Pay As You Go withholding system to personal services income paid to interposed entities, including deductions allowed against that income; and Child Support (Registration and Collection) Act 1988, Fringe Benefits Tax Assessment Act 1986 and Income Tax Assessment Act 1936 to make consequential amendments. Also contains application and transitional provisions.

Progress

House of Representatives
Introduced and read a first time	13 Apr 2000
Second reading moved	13 Apr 2000
Second reading agreed to	31 May 2000
Third reading agreed to	31 May 2000

Senate
Introduced and read a first time	05 Jun 2000
Second reading moved	05 Jun 2000
Second reading debate	21 Jun 2000
Second reading agreed to	22 Jun 2000
Committee of the Whole debate Requests details: 10 Government, 1 Opposition and 2 Australian Democrats agreed to	29 Jun 2000
Bill agreed to, subject to requests	29 Jun 2000

House of Representatives
Consideration of Senate message Details: House made Senate requested amendments nos 2 to 5 and 7 to 12, did not make Senate requested amendments nos 1, 6 and 13 and agreed to 2 Government amendments in place of Senate requested amendment no. 6	29 Jun 2000 (After Midnight)

Senate
Consideration of House of Reps message Details: Senate did not press its requests for amendments and agreed to House amendments made in place of its request for amendment no. 6	29 Jun 2000 (After Midnight)
Third reading agreed to	29 Jun 2000 (After Midnight)


Assent Act no: 86 Year: 2000	30 Jun 2000

Documents and transcripts

Text of bill

First reading

Explanatory memoranda

Explanatory memorandum

Transcript of speeches

Proposed amendments

House of representatives

Government

Senate

Australian Democrats [sheet 1825]

Government [sheet EF213]

Government [sheet EF215]

Government [sheet EF214]

Opposition [sheet 1838]

Schedules of amendments

Schedule of the requests by the Senate for amendments

Schedule of the amendment requested by the Senate that the House of Representatives has not made, but has made amendments in place thereof

Notes

An electronic version of this Act is available on the Federal Register of Legislation (www.legislation.gov.au)

Helpful information

Text of bill

First reading: Text of the bill as introduced into the Parliament
Third reading: Prepared if the bill is amended by the house in which it was introduced. This version of the bill is then considered by the second house.
As passed by both houses: Final text of bill agreed to by both the House of Representatives and the Senate which is presented to the Governor-General for assent.

Explanatory memoranda

Explanatory memorandum: Accompanies and provides an explanation of the content of the introduced version (first reading) of the bill.
Supplementary explanatory memorandum: Accompanies and explains amendments proposed by the government to the bill.
Revised explanatory memorandum: Accompanies and explains the amended version (third reading) of the bill. It supersedes the explanatory memorandum.

Proposed amendments

Circulated by members and senators when they propose to make changes to the bill. For details about the outcome of proposed amendments please refer to either the Votes and Proceedings (House of Representatives) or the Journals (Senate).

Schedules of amendments

Schedules of amendments list amendments agreed to by the second house are communicated to the first house for consideration. Subsequent action by either house may also be included in a schedule.