Taxation Laws Amendment Bill (No. 3) 2002

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

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Progress

House of Representatives
21 Mar 2002Introduced and read a first time
21 Mar 2002Second reading moved
26 Sep 2002Second reading agreed to
26 Sep 2002Third reading agreed to
Senate
15 Oct 2002Introduced and read a first time
15 Oct 2002Second reading moved
17 Oct 2002Second reading agreed to
17 Oct 2002Third reading agreed to


10 Nov 2002Assent

Act no.: 97

Year: 2002

Documents and transcripts

Text of bill

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Word Format PDF Format

Explanatory memoranda

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Word Format PDF Format
Word Format PDF Format

Transcript of speeches

Proposed amendments

House of Representatives
Word Format PDF Format

Schedules of amendments

No documents at present

Committee Information

No documents at present

Bills Digest PDF Format

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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.

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