Petroleum Resource Rent Tax (Imposition—Customs) Bill 2011

Type
Government
Portfolio
Treasury 
Originating house
House of Representatives 
Status
Act 
Parliament no
43
Summary
Part of a package of 11 bills, the bill imposes petroleum resource rent tax at a rate of 40 per cent on the profits of certain petroleum projects, to the extent that it is a duty of customs. 

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Progress

House of Representatives
02 Nov 2011Introduced and read a first time
02 Nov 2011Second reading moved
03 Nov 2011Second reading debate
21 Nov 2011Second reading debate
22 Nov 2011Second reading debate
22 Nov 2011Second reading agreed to
22 Nov 2011Third reading agreed to
Senate
07 Feb 2012Introduced and read a first time
07 Feb 2012Second reading moved
15 Mar 2012Second reading debate
16 Mar 2012Second reading debate
19 Mar 2012Second reading debate
19 Mar 2012Second reading agreed to
19 Mar 2012Third reading agreed to


19 Mar 2012Text of bill as passed both Houses
29 Mar 2012Assent

Act no.: 19

Year: 2012

Documents and transcripts

Text of bill

Word Format PDF Format
Word Format PDF Format

Explanatory memoranda

Word Format PDF Format

Transcript of speeches

Proposed amendments

No documents at present

Schedules of amendments

No documents at present

Committee Information

No documents at present

Bills Digest PDF Format

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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