Tax Laws Amendment (Stronger, Fairer, Simpler and Other Measures) 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 amends the:
Income Tax Assessment Act 1997
,
Income Tax (Transitional Provisions) Act 1997
and
Taxation Administration Act 1953
to abolish the entrepreneurs’ tax offset;
Income Tax Assessment Act 1997
and
Income Tax (Transitional Provisions) Act 1997
to: increase the small business instant asset write-off threshold to $6500; and consolidate the long life small business pool and the general small business pool into a single pool to be written off at one rate;
Income Tax Assessment Act 1997
to enable small business entities to claim an accelerated initial deduction for motor vehicles acquired in the 2012-13 and subsequent financial years; and
Superannuation (Government Co-contribution for Low Income Earners) Act 2003
to enable eligible low income earners to receive the low income superannuation contribution.

Track (What's this?)

Permalink

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
  • Amendment details: 2 Government agreed to
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.: 23
  • Year: 2012
29 Mar 2012

Documents and transcripts

Text of bill

Word Format PDF Format HTML Format
Word Format PDF Format HTML Format
Word Format PDF Format HTML Format

Explanatory memoranda

Word Format PDF Format HTML Format
Word Format PDF Format HTML Format

Proposed amendments

House of representatives

Word Format PDF Format HTML Format

Schedules of amendments

No documents at present

Bills digest

PDF Format HTML Format

Notes

Back to top

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.

Back to top

Facebook LinkedIn Twitter Add | Email Print
Back to top