New Business Tax System (Untainting Tax) Bill 2006

Type: Government
Portfolio: Treasury
Originating house: House of Representatives
Status: Act
Parliament no: 41
Summary: Consequential on the Tax Laws Amendment (2006 Measures No. 3) Bill 2006, the bill imposes an untainting tax on a company which chooses to untaint a tainted share capital account.

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Progress

House of Representatives
25 May 2006	Introduced and read a first time
25 May 2006	Second reading moved
14 Jun 2006	Second reading agreed to
14 Jun 2006	Third reading agreed to

Senate
15 Jun 2006	Introduced and read a first time
15 Jun 2006	Second reading moved
22 Jun 2006	Second reading agreed to
22 Jun 2006	Third reading agreed to

30 Jun 2006

Assent

Act no.: 81

Year: 2006

Documents and transcripts

Text of bill

First reading

Explanatory memoranda

Revised explanatory memorandum
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

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.