Taxation Laws Amendment Bill (No. 3) 2002

Type
Government
Portfolio
Treasury
Originating house
House of Representatives
Status
Act
Parliament no
40

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Summary

Amends the: A New Tax System (Goods and Services Tax) Act 1999 in relation to: supplies in return for rights to develop land; and transfer of tax losses, net capital losses and excess foreign tax credits so that they are not subject to GST, with effect from 1 July 2000; A New Tax System (Goods and Services Tax Transition) Act 1999 and Income Tax Assessment Act 1997 to provide a one-off credit to businesses that held rental cars on 1 July 2000; Income Tax Assessment Act 1936 and Income Tax Assessment Act 1997 in relation to taxation of general insurance companies and workers’ compensation self-insurers; and Income Tax Assessment Act 1936 to broaden the eligibility criteria for accessing the intercorporate dividend rebate. Also contains application and transitional provisions.

Progress

House of Representatives
Introduced and read a first time 21 Mar 2002
Second reading moved 21 Mar 2002
Second reading agreed to 26 Sep 2002
Third reading agreed to 26 Sep 2002
Senate
Introduced and read a first time 15 Oct 2002
Second reading moved 15 Oct 2002
Second reading agreed to 17 Oct 2002
Third reading agreed to 17 Oct 2002
Assent
  • Act no.: 97
  • Year: 2002
10 Nov 2002

Documents and transcripts

Text of bill

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Word Format PDF Format HTML Format

Explanatory memoranda

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Proposed amendments

No proposed amendments have been circulated.

Schedules of amendments

No documents at present

Bills digest

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Notes

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 changed to the bill. For details about the outcome of proposed amendments please refer to either theĀ 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.