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

Type
Government
Portfolio
Treasury
Originating house
House of Representatives
Status
Act
Parliament no
43
Summary
Introduced with the Pay As You Go Withholding Non-compliance Tax Bill 2012, the bill amends the:
Taxation Administration Act 1953
and four other Acts to: extend the director penalty regime so that directors are personally responsible for their company’s unpaid superannuation guarantee amounts; make directors and their associates liable to pay as you go (PAYG) withholding non-compliance tax in certain circumstances; and ensure that directors cannot discharge their director penalties by placing their company into administration or liquidation when PAYG withholding or superannuation guarantee remains unpaid and unreported three months after the due date;
Income Tax Assessment Act 1997
and
Tax Laws Amendment (Taxation of Financial Arrangements) Act 2009
in relation to the taxation of financial arrangements consolidation interaction; and
Income Tax Assessment Act 1997
to modify the consolidation tax cost setting rules and rights to future income rules.

Track (What's this?)

Permalink

Progress

House of Representatives
Introduced and read a first time 23 Nov 2011
Second reading moved 23 Nov 2011
Referred to Main Committee 13 Feb 2012
Second reading debate 13 Feb 2012
Second reading agreed to 13 Feb 2012
Reported from Main Committee 14 Feb 2012
Third reading agreed to 14 Feb 2012
Senate
Introduced and read a first time 27 Feb 2012
Second reading moved 27 Feb 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 01 Mar 2012
Assent
  • Act no.: 12
  • Year: 2012
21 Mar 2012

Documents and transcripts

Text of bill

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

Explanatory memoranda

Word Format PDF Format HTML Format

Proposed amendments

No proposed amendments have been circulated.

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