Tax Laws Amendment (2011 Measures No. 4) Bill 2011

Type
Government
Portfolio
Treasury
Originating house
House of Representatives
Status
Act
Parliament no
43
Summary
Amends the:
Taxation Administration Act 1953
to: reduce the gross domestic product (GDP) factor to four per cent for the 2011-12 financial year for GDP-adjusted notional tax; and provide that contributions to superannuation required by an industrial instrument or rules of a superannuation fund are excluded from reportable employer superannuation contributions;
Tax Laws Amendment (2009 Measures No. 3) Act 2009
to make consequential amendments;
Income Tax Assessment Act 1936
and
Income Tax Assessment Act 1997
to provide that minors cannot use the low income tax offset to reduce tax due on certain income; and
Income Tax Assessment Act 1997
and
Income Tax (Transitional Provisions) Act 1997
in relation to the percentage of premiums for certain total and permanent disability insurance policies that can be claimed as deductions.

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Progress

House of Representatives
Introduced and read a first time 26 May 2011
Second reading moved 26 May 2011
Second reading debate 31 May 2011
Second reading agreed to 31 May 2011
Third reading agreed to 31 May 2011
Senate
Introduced and read a first time 14 Jun 2011
Second reading moved 14 Jun 2011
Second reading debate 15 Jun 2011
Second reading agreed to 15 Jun 2011
Third reading agreed to 15 Jun 2011
Text of bill as passed both Houses 15 Jun 2011
Assent
  • Act no.: 43
  • Year: 2011
27 Jun 2011

Documents and transcripts

Text of bill

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Word Format PDF Format HTML Format

Explanatory memoranda

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Proposed amendments

No proposed amendments have been circulated.

Schedules of amendments

No documents at present

Bills digest

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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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