Tax Laws Amendment (2010 Measures No. 4) Bill 2010

Type: Government
Portfolio: Treasury
Originating house: House of Representatives
Status: Act
Parliament no: 43
Summary: Amends the:
A New Tax System (Goods and Services Tax) Act 1999
  in relation to certain third party payment adjustments;
Income Tax Assessment Act 1997
  in relation to: the capital gains tax (CGT) treatment of water entitlements and termination fees; foreign currency gains and losses; certain takeovers and mergers qualifying for CGT scrip for scrip rollover; and the list of deductible gift recipients;
Income Tax Assessment Act 1936
,
Income Tax Assessment Act 1997
,
Tax Laws Amendment (2010 Measures No. 1) Act 2010
  and
Tax Laws Amendment (Taxation of Financial Arrangements) Act 2009
  in relation to: taxation of financial arrangements; and debt/equity rules;
Income Tax Assessment Act 1936
  to: increase the threshold above which a taxpayer may claim the net medical expenses tax offset; and commence annually indexing the threshold to the Consumer Price Index; and
Income Tax Assessment Act 1997
  and
Income Tax (Transitional Provisions) Act 1997
  to extend access to tax deductible donations to all volunteer based emergency services, including volunteer fire brigades.

Progress

House of Representatives
29 Sep 2010	Introduced and read a first time
29 Sep 2010	Second reading moved
15 Nov 2010	Second reading debate
17 Nov 2010	Second reading debate
17 Nov 2010	Second reading agreed to
17 Nov 2010	Consideration in detail debate
17 Nov 2010	Third reading agreed to

Senate
18 Nov 2010	Introduced and read a first time
18 Nov 2010	Second reading moved
22 Nov 2010	Second reading debate
22 Nov 2010	Second reading agreed to
22 Nov 2010	Committee of the Whole debate
22 Nov 2010	Third reading agreed to

22 Nov 2010	Text of bill as passed both Houses
07 Dec 2010	Assent Act no.: 136 Year: 2010

Documents and transcripts

Text of bill

First reading
As passed by both houses

Explanatory memoranda

Explanatory memorandum
Correction to explanatory memorandum

Transcript of speeches

Proposed amendments

Senate
Opposition [sheet 7010] CORMANN, Sen Mathias

House of Representatives
Non-Government HOCKEY, Joe, MP

Schedules of amendments

No documents at present

Committee Information

No documents at present

Bills Digest

No documents at present

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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 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.

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