Indirect Tax Laws Amendment (Assessment) Bill 2012

Type
Government
Portfolio
Treasury
Originating house
House of Representatives
Status
Act
Parliament no
43
Summary
Amends the:
Taxation Administration Act 1953
, proposed
Minerals Resource Rent Tax (Consequential Amendments and Transitional Provisions) Act 2012
and eight other Acts to align the self actuating system for the goods and services tax, the luxury car tax, the wine equalisation tax and fuel tax credits with the self assessment system for income tax;
A New Tax System (Goods and Services Tax) Act 1999
and
Fuel Tax Act 2006
to allow the Commissioner of Taxation to make a determination allowing a taxpayer to account for errors in relation to net amounts or net fuel amounts for prior tax and fuel tax return periods, providing the error is corrected during the relevant period of review;
A New Tax System (Goods and Services Tax) Act 1999
,
A New Tax System (Luxury Car Tax) Act 1999
and
A New Tax System (Wine Equalisation Tax) Act 1999
to clarify the definition of ‘net amount’; and
A New Tax System (Goods and Services Tax) Act 1999
,
Fuel Tax Act 2006
,
Income Tax Assessment Act 1997
and
Taxation Administration Act 1953
to make technical amendments.

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Progress

House of Representatives
Introduced and read a first time 29 Feb 2012
Second reading moved 29 Feb 2012
Referred to Federation Chamber 13 Mar 2012
Second reading debate 13 Mar 2012
Second reading agreed to 13 Mar 2012
Reported from Federation Chamber 13 Mar 2012
Third reading agreed to 13 Mar 2012
Senate
Introduced and read a first time 14 Mar 2012
Second reading moved 14 Mar 2012
Second reading debate 21 Mar 2012
Second reading agreed to 21 Mar 2012
Third reading agreed to 21 Mar 2012
Text of bill as passed both Houses 21 Mar 2012
Assent
  • Act no.: 39
  • Year: 2012
15 Apr 2012

Documents and transcripts

Text of bill

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Word Format PDF Format HTML Format

Explanatory memoranda

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Proposed amendments

No proposed amendments have been circulated.

Schedules of amendments

No documents at present

Bills digest

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Notes

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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 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.

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