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

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

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Progress

House of Representatives
25 Jun 2009Introduced and read a first time
25 Jun 2009Second reading moved
07 Sep 2009Second reading debate
07 Sep 2009Second reading agreed to
07 Sep 2009Third reading agreed to
Senate
08 Sep 2009Introduced and read a first time
08 Sep 2009Second reading moved
10 Sep 2009Second reading debate
10 Sep 2009Second reading agreed to
10 Sep 2009Committee of the Whole debate
10 Sep 2009Third reading agreed to


10 Sep 2009Text of bill as passed both Houses
18 Sep 2009Assent

Act no.: 88

Year: 2009

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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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