National Rental Affordability Scheme (Consequential Amendments) Bill 2008

Type
Government
Portfolio
Treasury 
Originating house
House of Representatives 
Status
Act 
Parliament no
42
Summary
Introduced with the National Rental Affordability Scheme Bill 2008, the bill amends the
Income Tax Assessment Act 1997
  in relation to entities participating in the scheme to: enable entities to claim a refundable tax offset; ensure that state and territory contributions to entities are non-assessable and non-exempt income for taxation purposes; and ensure that there are no capital gains tax consequences from the receipt of incentives under the scheme. 

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Progress

House of Representatives
24 Sep 2008Introduced and read a first time
24 Sep 2008Second reading moved
15 Oct 2008Referred to Main Committee
23 Oct 2008Reported from Main Committee

Details: Bill returned for further consideration
23 Oct 2008Second reading agreed to
23 Oct 2008Third reading agreed to
Senate
10 Nov 2008Introduced and read a first time
10 Nov 2008Second reading moved
13 Nov 2008Second reading debate
24 Nov 2008Second reading debate
24 Nov 2008Second reading agreed to
24 Nov 2008Committee of the Whole debate

Amendment details: 2 Government agreed to
24 Nov 2008Third reading agreed to
House of Representatives
24 Nov 2008Consideration of Senate message

Details: House agreed to Senate amendments


24 Nov 2008Text of bill as passed both Houses
28 Nov 2008Assent

Act no.: 130

Year: 2008

Documents and transcripts

Text of bill

Word Format PDF Format
Word Format PDF Format

Explanatory memoranda

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Word Format PDF Format

Transcript of speeches

Proposed amendments

Senate
Word Format PDF Format

Schedules of amendments

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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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