Minerals Resource Rent Tax (Imposition—Excise) 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 minerals resource rent tax from 1 July 2012 at a rate of 30 per cent, reduced by a 25 per cent extraction allowance which recognises the expertise and capital that mining companies bring to mineral extraction, to the extent that it is a duty of excise.

Progress

House of Representatives
02 Nov 2011	Introduced and read a first time
02 Nov 2011	Second reading moved
03 Nov 2011	Second reading debate
21 Nov 2011	Second reading debate
22 Nov 2011	Second reading debate
22 Nov 2011	Second reading agreed to
22 Nov 2011	Consideration in detail debate
22 Nov 2011	Third reading agreed to

Senate
07 Feb 2012	Introduced and read a first time
07 Feb 2012	Second reading moved
15 Mar 2012	Second reading debate
16 Mar 2012	Second reading debate
19 Mar 2012	Second reading debate
19 Mar 2012	Second reading agreed to
19 Mar 2012	Third reading agreed to

19 Mar 2012	Text of bill as passed both Houses
29 Mar 2012	Assent Act no.: 16 Year: 2012

Documents and transcripts

Text of bill

First reading
As passed by both houses

Explanatory memoranda

Explanatory memorandum
Revised explanatory memorandum

Transcript of speeches

Proposed amendments

House of Representatives
Non-Government CROOK, Tony, MP

Schedules of amendments

No documents at present

Committee Information

No documents at present

Bills Digest

No documents at present

Notes

Referred to Committee (02/11/2011): House Standing Committee on Economics; Committee report (21/11/2011)
Referred to Committee (10/11/2011): Senate Economics Legislation Committee; Committee report (14/03/2012)

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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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