Tax Laws Amendment (2012 Measures No. 4) Bill 2012

Type: Government
Portfolio: Treasury
Originating house: House of Representatives
Status: Assent
Parliament no: 43
Summary: Amends the:
Fringe Benefits Tax Assessment Act 1986
  to limit the concessional tax treatment of living-away-from-home allowances and benefits to certain employees for a maximum period of 12 months;
A New Tax System (Goods and Services Tax) Act 1999
  to clarify the goods and services tax consequences when a representative of an incapacitated entity is a creditor of that entity; and
Tax Laws Amendment (2012 Measures No. 2) Act 2012
  in relation to consolidation events so that no interest is payable if an overpayment of income tax arises because of a deduction under the pre-rules and no shortfall interest or administrative penalty is payable if additional tax becomes payable under the pre-rules or interim rules.

Progress

House of Representatives
28 Jun 2012	Introduced and read a first time
28 Jun 2012	Second reading moved
21 Aug 2012	Second reading debate
21 Aug 2012	Second reading agreed to
21 Aug 2012	Consideration in detail debate Amendment details: 1 Government agreed to
21 Aug 2012	Third reading agreed to

Senate
23 Aug 2012	Introduced and read a first time
23 Aug 2012	Second reading moved
19 Sep 2012	Second reading debate
19 Sep 2012	Second reading agreed to
19 Sep 2012	Third reading agreed to

19 Sep 2012	Text of bill as passed both Houses
28 Sep 2012	Assent Act no.: 142 Year: 2012

Documents and transcripts

Text of bill

First reading
Third reading
As passed by both houses

Explanatory memoranda

Supplementary explanatory memorandum
Revised explanatory memorandum
Explanatory memorandum

Transcript of speeches

Proposed amendments

House of Representatives
Government [sheet CJ249]

Schedules of amendments

No documents at present

Committee Information

No documents at present

Bills Digest

No documents at present

Notes

Referred to Committee (28/06/2012): House Standing Committee on Economics; Committee report (15/08/2012)

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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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