Tax Laws Amendment (2008 Measures No. 4) Bill 2008

Type: Government
Portfolio: Treasury
Originating house: House of Representatives
Status: Act
Parliament no: 42
Summary: Amends the
Income Tax Assessment Act 1936
and
Income Tax Assessment Act 1997
to: provide private health insurance policy holders with capital gains tax relief when insurers demutualise; limit lineal descendants to children or grandchildren of the test individual or their spouse; and remove the ability for family trusts to make a variation to the test individual specified in a family trust election. Also makes technical amendments to eight other Acts.

Progress

House of Representatives
26 Jun 2008	Introduced and read a first time
26 Jun 2008	Second reading moved
28 Aug 2008	Second reading agreed to
28 Aug 2008	Third reading agreed to

Senate
01 Sep 2008	Introduced and read a first time
01 Sep 2008	Second reading moved
03 Sep 2008	Second reading debate
03 Sep 2008	Second reading agreed to
03 Sep 2008	Committee of the Whole debate Amendment details: 2 Opposition agreed to
03 Sep 2008	Third reading agreed to

House of Representatives
17 Sep 2008	Consideration of Senate message Details: House agreed to Senate amendments

17 Sep 2008	Text of bill as passed both Houses
03 Oct 2008	Assent Act no.: 97 Year: 2008

Documents and transcripts

Text of bill

First reading
As passed by both houses

Explanatory memoranda

Explanatory memorandum

Transcript of speeches

Proposed amendments

Senate
Opposition [sheet 5556] COONAN, Sen Helen

Schedules of amendments

Schedule of the amendments made by the Senate
(S)

Committee Information

No documents at present

Bills Digest

Notes

Referred to Committee (26/06/2008): Senate Economics Committee
Committee report (26/08/2008)

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 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.

Back to top

|