Taxation Laws Amendment Bill (No. 4) 2002

Type
Government
Portfolio
Treasury 
Originating house
House of Representatives 
Status
Act 
Parliament no
40
Summary
Amends the:
Income Tax Assessment Act 1997
,
Income Tax Assessment Act 1936
  and
Income Tax (Transitional Provisions) Act 1997
  to amend the thin capitalisation regime;
Income Tax Assessment Act 1997
  to: insert a capital gains tax roll-over for a trust restructuring into a company; and introduce statutory caps on the effective life for the calculation of the declined value of depreciating assets; and
Income Tax Assessment Act 1936
  and
Income Tax Assessment Act 1997
  to provide certain tax exemptions for temporary residents. Also contains application and transitional provisions. 

Track this bill (What's this?)

Permalink

Progress

House of Representatives
30 May 2002Introduced and read a first time
30 May 2002Second reading moved
19 Jun 2002Second reading agreed to
19 Jun 2002Third reading agreed to
Senate
19 Jun 2002Introduced and read a first time
19 Jun 2002Second reading moved
27 Jun 2002Second reading agreed to
27 Jun 2002Committee of the Whole debate

Amendment details: 1 Schedule negatived
27 Jun 2002Third reading agreed to
House of Representatives
27 Jun 2002Consideration of Senate message

Details: House agreed to Senate amendment


29 Jun 2002Assent

Act no.: 53

Year: 2002

Documents and transcripts

Text of bill

Word Format PDF Format

Explanatory memoranda

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

Back to top

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 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.

Back to top

Facebook LinkedIn Twitter Add | Email Print