New International Tax Arrangements Bill 2004

Type
Government
Portfolio
Treasury 
Originating house
House of Representatives 
Status
Act 
Parliament no
40
Summary
Amends the
Income Tax Assessment Act 1936
  to: modify certain foreign investment fund rules; provide an interest withholding tax exemption for interest paid on certain debentures issued by eligible unit trusts; remove the need for certain income of a controlled foreign country resident to be included as notional assessable income; and prevent double taxation of royalties subject to withholding tax. Also makes consequential amendments and contains application provisions. 

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Progress

House of Representatives
04 Dec 2003Introduced and read a first time
04 Dec 2003Second reading moved
04 Mar 2004Second reading agreed to
04 Mar 2004Third reading agreed to
Senate
08 Mar 2004Introduced and read a first time
08 Mar 2004Second reading moved
16 Jun 2004Second reading agreed to
16 Jun 2004Third reading agreed to


23 Jun 2004Assent

Act no.: 73

Year: 2004

Documents and transcripts

Text of bill

Word Format PDF Format

Explanatory memoranda

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 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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