Tax Laws Amendment (Investment Manager Regime) Bill 2012

Type
Government
Portfolio
Treasury 
Originating house
House of Representatives 
Status
Act 
Parliament no
43
Summary
Amends the:
Income Tax Assessment Act 1997
  to prescribe the tax treatment of returns, gains, losses and deductions on certain investments of widely held foreign funds;
Income Tax (Transitional Provisions) Act 1997
  to clarify the tax treatment of returns, gains, losses and deductions on certain investments of widely held foreign funds for the 2010-11 and earlier income years where the fund has not lodged a tax return or had an assessment made of their income tax liability; and proposed
Tax Laws Amendment (Cross-Border Transfer Pricing) Act (No. 1) 2012
  to make consequential amendments. 

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Progress

House of Representatives
21 Jun 2012Introduced and read a first time
21 Jun 2012Second reading moved
26 Jun 2012Referred to Federation Chamber
27 Jun 2012Second reading debate
27 Jun 2012Second reading agreed to
27 Jun 2012Reported from Federation Chamber
27 Jun 2012Third reading agreed to
Senate
27 Jun 2012Introduced and read a first time
27 Jun 2012Second reading moved
23 Aug 2012Second reading debate
23 Aug 2012Second reading agreed to
23 Aug 2012Third reading agreed to


23 Aug 2012Text of bill as passed both Houses
13 Sep 2012Assent

Act no.: 126

Year: 2012

Documents and transcripts

Text of bill

Word Format PDF Format
Word Format PDF Format

Explanatory memoranda

Word Format PDF Format

Transcript of speeches

Proposed amendments

No documents at present

Schedules of amendments

No documents at present

Committee Information

No documents at present

Bills Digest PDF Format

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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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