New International Tax Arrangements (Managed Funds and Other Measures) Bill 2005

Previous Citations
  • New International Tax Arrangements (Managed Funds and Other Measures) Bill 2004
Type
Government
Portfolio
Treasury
Originating house
House of Representatives
Status
Act
Parliament no
41

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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.

Progress

House of Representatives
Introduced and read a first time 18 Nov 2004
Second reading moved 18 Nov 2004
Second reading agreed to 16 Feb 2005
Third reading agreed to 16 Feb 2005
Senate
Introduced and read a first time 07 Mar 2005
Second reading moved 07 Mar 2005
Second reading agreed to 09 Mar 2005
Third reading agreed to 09 Mar 2005
Assent
  • Act no.: 21
  • Year: 2005
21 Mar 2005

Documents and transcripts

Text of bill

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Explanatory memoranda

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Proposed amendments

No proposed amendments have been circulated.

Schedules of amendments

No documents at present

Bills digest

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Notes

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.