New International Tax Arrangements (Managed Funds and Other Measures) Bill 2004

Type: Government
Portfolio: Treasury
Originating house: House of Representatives
Status: Not Proceeding
Parliament no: 40
Summary: Amends the:
Income Tax Assessment Act 1997
  to modify the capital gains/loss tax treatment of foreign residents with interests in Australian managed funds;
International Tax Agreements Act 1953
  to amend the rules for determining the source of income derived by certain residents of treaty partner countries;
Income Tax Assessment Act 1936
,
Income Tax Assessment Act 1997
  and
Financial Corporations (Transfer of Assets and Liabilities) Act 1993
  in relation to the imposition of interest withholding tax. Also contains application provisions.

Progress

House of Representatives
24 Jun 2004	Introduced and read a first time
24 Jun 2004	Second reading moved
11 Aug 2004	Second reading agreed to
11 Aug 2004	Third reading agreed to

Senate
12 Aug 2004	Introduced and read a first time
12 Aug 2004	Second reading moved
16 Nov 2004	Lapsed at end of Parliament

Documents and transcripts

Text of bill

First reading

Explanatory memoranda

Explanatory Memorandum

Transcript of speeches

Proposed amendments

No documents at present

Schedules of amendments

No documents at present

Committee Information

No documents at present

Bills Digest

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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 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.

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