Petroleum Resource Rent Tax (Instalment Transfer Interest Charge Imposition) Bill 2006

Type
Government
Portfolio
Treasury
Originating house
House of Representatives
Status
Act
Parliament no
41
Summary
Consequential on the Petroleum Resource Rent Tax Assessment Amendment Bill 2006, the bill imposes as a tax the instalment transfer interest charge, a charge designed to recoup the time value of money associated with the transfer of exploration expenditure in working out a reduced quarterly instalment of petroleum resource rent tax that is subsequently reversed.

Track (What's this?)

Permalink

Progress

House of Representatives
Introduced and read a first time 25 May 2006
Second reading moved 25 May 2006
Second reading agreed to 14 Jun 2006
Third reading agreed to 14 Jun 2006
Senate
Introduced and read a first time 15 Jun 2006
Second reading moved 15 Jun 2006
Second reading agreed to 22 Jun 2006
Third reading agreed to 22 Jun 2006
Assent
  • Act no.: 79
  • Year: 2006
30 Jun 2006

Documents and transcripts

Text of bill

Word Format PDF Format HTML Format

Explanatory memoranda

Word Format PDF Format HTML Format

Proposed amendments

No proposed amendments have been circulated.

Schedules of amendments

No documents at present

Bills digest

PDF Format HTML Format

Notes

Back to top

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.

Back to top

Facebook LinkedIn Twitter Add | Email Print
Back to top