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. 

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Progress

House of Representatives
26 Jun 2008Introduced and read a first time
26 Jun 2008Second reading moved
28 Aug 2008Second reading agreed to
28 Aug 2008Third reading agreed to
Senate
01 Sep 2008Introduced and read a first time
01 Sep 2008Second reading moved
03 Sep 2008Second reading debate
03 Sep 2008Second reading agreed to
03 Sep 2008Committee of the Whole debate

Amendment details: 2 Opposition agreed to
03 Sep 2008Third reading agreed to
House of Representatives
17 Sep 2008Consideration of Senate message

Details: House agreed to Senate amendments


17 Sep 2008Text of bill as passed both Houses
03 Oct 2008Assent

Act no.: 97

Year: 2008

Documents and transcripts

Text of bill

Word Format PDF Format
Word Format PDF Format

Explanatory memoranda

Word Format PDF Format

Transcript of speeches

Proposed amendments

Senate
Word Format PDF Format

Schedules of amendments

Word Format PDF Format
Word Format PDF Format

Committee Information

No documents at present

Bills Digest PDF Format

Notes

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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 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.

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