Tax Laws Amendment (2009 Measures No. 4) Bill 2009

Type
Government
Portfolio
Treasury
Originating house
House of Representatives
Status
Act
Parliament no
42

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Summary

Amends the: Income Tax Assessment Act 1936 to increase the research and development expenditure cap for eligibility to the tax offset from $1 million to $2 million; A New Tax System (Australian Business Number) Act 1999, Income Tax Assessment Act 1936, Income Tax Assessment Act 1997, and Taxation Administration Act 1953 in relation to private ancillary funds; Income Tax Assessment Act 1936, Income Tax Assessment Act 1997 and Income Tax (Transitional Provisions) Act 1997 to provide capital gains tax relief to certain friendly societies; and Income Tax Assessment Act 1936 in relation to losses transferred to the head company of a consolidated group by a joining entity. Also amends 15 Acts relating to taxation laws to make various minor amendments.

Progress

House of Representatives
Introduced and read a first time 25 Jun 2009
Second reading moved 25 Jun 2009
Second reading debate 07 Sep 2009
Second reading agreed to 07 Sep 2009
Third reading agreed to 07 Sep 2009
Senate
Introduced and read a first time 08 Sep 2009
Second reading moved 08 Sep 2009
Second reading debate 10 Sep 2009
Second reading agreed to 10 Sep 2009
Committee of the Whole debate 10 Sep 2009
Third reading agreed to 10 Sep 2009
Text of bill as passed both Houses 10 Sep 2009
Assent
  • Act no.: 88
  • Year: 2009
18 Sep 2009

Documents and transcripts

Text of bill

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Explanatory memoranda

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Proposed amendments

Senate

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Schedules of amendments

No documents at present

Bills digest

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Notes

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.