Tax Laws Amendment (2010 Measures No. 5) Bill 2011

Type: Government
Portfolio: Treasury
Originating house: House of Representatives
Status: Act
Parliament no: 43
Summary: Amends the:
Income Tax Assessment Act 1997
  to: change the eligibility criteria for accessing film tax offsets; extend the main residence capital gains tax exemption to certain compulsory acquisitions; include terminal medical condition benefits; and include school uniforms as an eligible expense for the education expenses tax offset;
Income Tax Assessment Act 1997
  and
Income Tax (Transitional Provisions) Act 1997
  to adjust the benchmark interest rate used to determine the cost of capital protection;
A New Tax System (Goods and Services Tax) Act 1999
  to allow non-profit sub-entities to access the goods and services tax concessions available to their parent entity; and
Taxation Administration Act 1953
  to enable the Commissioner of Taxation not to apply a payment, credit or running balance account surplus against certain tax debts.

Progress

House of Representatives
25 Nov 2010	Introduced and read a first time
25 Nov 2010	Second reading moved
01 Mar 2011	Second reading debate
02 Mar 2011	Second reading debate
02 Mar 2011	Consideration in detail debate
02 Mar 2011	Second reading agreed to
02 Mar 2011	Third reading agreed to

Senate
02 Mar 2011	Introduced and read a first time
02 Mar 2011	Second reading moved
20 Jun 2011	Second reading debate
20 Jun 2011	Second reading agreed to
20 Jun 2011	Committee of the Whole debate
20 Jun 2011	Third reading agreed to

20 Jun 2011	Text of bill as passed both Houses
29 Jun 2011	Assent Act no.: 61 Year: 2011

Documents and transcripts

Text of bill

First reading
As passed by both houses

Explanatory memoranda

Explanatory memorandum

Transcript of speeches

Proposed amendments

Senate
Opposition [sheet 7069] 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

Notes

Referred to Committee (10/02/2011): Schedule 2 of the bill referred to the Senate Economics Legislation Committee
Committee report (25/03/2011)

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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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