Minerals Resource Rent Tax (Imposition—General) Bill 2011

Type
Government
Portfolio
Treasury
Originating house
House of Representatives
Status
Act
Parliament no
43

Track (What's this?)

Permalink

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 neither a duty of customs nor a duty of excise.

Progress

House of Representatives
Introduced and read a first time 02 Nov 2011
Second reading moved 02 Nov 2011
Second reading debate 03 Nov 2011
Second reading debate 21 Nov 2011
Second reading debate 22 Nov 2011
Second reading agreed to 22 Nov 2011
(After Midnight)
Consideration in detail debate 22 Nov 2011
(After Midnight)
Third reading agreed to 22 Nov 2011
(After Midnight)
Senate
Introduced and read a first time 07 Feb 2012
Second reading moved 07 Feb 2012
Second reading debate 15 Mar 2012
Second reading debate 16 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 19 Mar 2012
Assent
  • Act no.: 17
  • Year: 2012
29 Mar 2012

Documents and transcripts

Text of bill

Explanatory memoranda

Proposed amendments

House of representatives

Schedules of amendments

No documents at present

Notes

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 changes 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.

We acknowledge the traditional owners and custodians of country throughout Australia and acknowledge their continuing connection to land, waters and community. We pay our respects to the people, the cultures and the elders past, present and emerging.

Aboriginal and Torres Strait Islander people are advised that this website may contain images and voices of deceased people.