Tax Laws Amendment (2011 Measures No. 9) Bill 2011

Type: Government
Portfolio: Treasury
Originating house: House of Representatives
Status: Act
Parliament no: 43
Summary: Amends: the
Retirement Savings Accounts Act 1997
  and
Superannuation Industry (Supervision) Act 1993
  to enable regulations to prescribe the operating details of the electronic portability form for superannuation benefits and to specify certain requirements; the
Income Tax Assessment Act 1997
  and
Income Tax (Transitional Provisions) Act 1997
  in relation to capital gains tax and certain business restructures; the
A New Tax System (Goods and Services Tax) Act 1999
  in relation to the financial acquisitions threshold; borrowings; hire purchase; and the sales or lease of new residential premises for goods and services tax purposes; the
Income Tax Assessment Act 1997
  to update the list of deductible gift recipients; and 13 Acts to make technical amendments.

Progress

House of Representatives
23 Nov 2011	Introduced and read a first time
23 Nov 2011	Second reading moved
13 Feb 2012	Referred to Main Committee
13 Feb 2012	Second reading debate
13 Feb 2012	Second reading agreed to
14 Feb 2012	Reported from Main Committee
14 Feb 2012	Third reading agreed to

Senate
27 Feb 2012	Introduced and read a first time
27 Feb 2012	Second reading moved
01 Mar 2012	Second reading debate
01 Mar 2012	Second reading agreed to
01 Mar 2012	Third reading agreed to

01 Mar 2012	Text of bill as passed both Houses
21 Mar 2012	Assent Act no.: 12 Year: 2012

Documents and transcripts

Text of bill

First reading
As passed by both houses

Explanatory memoranda

Explanatory memorandum

Transcript of speeches

Proposed amendments

No documents at present

Schedules of amendments

No documents at present

Committee Information

No documents at present

Bills Digest

Notes

Referred to Committee (24/11/2011): House Standing Committee on Economics; Committee report (08/02/2012)

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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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