New Business Tax System (Consolidation and Other Measures) Bill (No. 1) 2002

Type
Government
Portfolio
Treasury 
Originating house
House of Representatives 
Status
Act 
Parliament no
40
Summary
Further to the
New Business Tax System (Consolidation) Act (No. 1) 2002
  and proposed
New Business Tax System (Consolidation, Value Shifting, Demergers and Other Measures) Act 2002
, the bill amends the
Income Tax Assessment Act 1936
,
Income Tax Assessment Act 1997
  and
Income Tax (Transitional Provisions) Act 1997
  to further implement the consolidation regime which commenced on 1 July 2002. Also contains application and transitional provisions and makes consequential amendments to the
Financial Corporations (Transfer of Assets and Liabilities) Act 1993
,
Income Tax Assessment Act 1936
,
Income Tax Assessment Act 1997
,
Taxation Administration Act 1953
  and
Wool Services Privatisation Act 2000

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Progress

House of Representatives
26 Sep 2002Introduced and read a first time
26 Sep 2002Second reading moved
16 Oct 2002Second reading agreed to
16 Oct 2002Third reading agreed to
Senate
17 Oct 2002Introduced and read a first time
17 Oct 2002Second reading moved
18 Nov 2002Second reading agreed to
18 Nov 2002Third reading agreed to


02 Dec 2002Assent

Act no.: 117

Year: 2002

Documents and transcripts

Text of bill

Word Format PDF Format

Explanatory memoranda

Word Format PDF Format
Word Format PDF Format

Transcript of speeches

Proposed amendments

No documents at present

Schedules of amendments

No documents at present

Committee Information

No documents at present

Bills Digest

No documents at present

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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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