Tax and Superannuation Laws Amendment (2013 Measures No. 1) Bill 2013

Type
Government
Portfolio
Treasury
Originating house
House of Representatives
Status
Act
Parliament no
43
Summary
Amends: the
Income Tax Assessment Act 1997
,
Superannuation (Departing Australia Superannuation Payments Tax) Act 2007
and
Superannuation (Unclaimed Money and Lost Members) Act 1999
to provide that income tax is generally not payable on the interest paid by the Commonwealth on unclaimed money from 1 July 2013; the
Fringe Benefits Tax Assessment Act 1986
to: align the airline transport fringe benefits rules with the in-house property and in-house residual fringe benefit provisions; and update the method for determining the taxable value of airline transport fringe benefits; the
Income Tax Assessment Act 1997
to enable participants in the Sustainable Rural Water Use and Infrastructure Program to choose to make payments they derive under the program free of income tax, with expenditure related to infrastructure improvements required under the program then being non-deductible; the
Income Tax Assessment Act 1936
,
Income Tax Assessment Act 1997
,
Income (Transitional Provisions) Act 1997
and
Taxation Administration Act 1953
to: enable corporate tax entities to carry-back losses to previous income years; and make consequential amendments; and 18 Acts to make technical amendments.

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Progress

House of Representatives
Introduced and read a first time 13 Feb 2013
Second reading moved 13 Feb 2013
Second reading debate 29 May 2013
Second reading agreed to 29 May 2013
Consideration in detail debate
  • Amendment details: 4 Government agreed to
29 May 2013
Third reading agreed to 29 May 2013
Senate
Introduced and read a first time 17 Jun 2013
Second reading moved 17 Jun 2013
Second reading debate 25 Jun 2013
Second reading agreed to 25 Jun 2013
Third reading agreed to 25 Jun 2013
Text of bill as passed both Houses 25 Jun 2013
Assent
  • Act no.: 88
  • Year: 2013
28 Jun 2013

Documents and transcripts

Text of bill

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Explanatory memoranda

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Proposed amendments

House of representatives

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Senate

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Schedules of amendments

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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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