Tax Laws Amendment (Countering Tax Avoidance and Multinational Profit Shifting) Bill 2013

Type: Government
Portfolio: Treasury
Originating house: House of Representatives
Status: Before Senate
Parliament no: 43
Summary: Amends the
Income Tax Assessment Act 1936
,
Income Tax Assessment Act 1997
,
Taxation Administration Act 1953
and
Income Tax (Transitional Provisions) Act 1997
in relation to: the operation of the general anti-avoidance rule; the application of the arm’s length principle in transfer pricing rules aligning with international transfer pricing standards; rules for trusts and partnerships; record keeping requirements and penalties; and consequential amendments.

Progress

House of Representatives
13 Feb 2013	Introduced and read a first time
13 Feb 2013	Second reading moved
14 Mar 2013	Second reading debate
16 May 2013	Second reading debate
16 May 2013	Second reading agreed to
16 May 2013	Third reading agreed to

Senate
16 May 2013	Introduced and read a first time
16 May 2013	Second reading moved

Documents and transcripts

Text of bill

First reading

Explanatory memoranda

Explanatory memorandum

Transcript of speeches

Proposed amendments

No documents at present

Schedules of amendments

No documents at present

Committee Information

No documents at present

Bills Digest

Notes

Referred to Committee (14/02/2013): House Standing Committee on Economics; Committee report (12/03/2013)
Referred to Committee (14/03/2013): Senate Economics Legislation Committee; Committee report (14/05/2013)

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 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.

Back to top

|