Tax and Superannuation Laws Amendment (2013 Measures No. 2) Bill 2013

Type
Government
Portfolio
Treasury
Originating house
House of Representatives
Status
Act
Parliament no
43

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Summary

Amends the: Income Tax Assessment Act 1997 to: define ‘documentary’ in accordance with the Australian Communications and Media Authority’s guidelines; clarify that game shows are ineligible for film tax offsets; and update the list of deductible gift recipients; Income Tax Assessment Act 1997, Tax Laws Amendment (2011 Measures No. 1) Act 2011 and Tax Laws Amendment (2012 Measures No. 1) Act 2012 to exempt from income tax certain ex-gratia payments made in relation to natural disasters during the 2011-12 and 2012-13 financial years; A New Tax System (Goods and Services Tax) Act 1999 to enable entities who currently pay their goods and services tax by instalments to continue to do so if they move into a net refund position; Superannuation Industry (Supervision) Act 1993 to require trustees to establish and implement procedures in relation to the consolidation of multiple member accounts; Superannuation (Government Co-contribution for Low Income Earners) Act 2003 to reduce the amount of superannuation co-contribution available from the 2012-13 financial year; Income Tax Assessment Act 1936 and Income Tax Assessment Act 1997 to consolidate dependency tax offsets into the Dependant (Invalid and Carer) Tax Offset from 1 July 2012; and Income Tax Assessment Act 1997 and Tax Laws Amendment (Taxation of Financial Arrangements) Act 2009 to clarify the operation of the taxation of financial arrangements regime.

Progress

House of Representatives
Introduced and read a first time 20 Mar 2013
Second reading moved 20 Mar 2013
Referred to Federation Chamber 28 May 2013
Second reading debate 28 May 2013
Second reading agreed to 28 May 2013
Reported from Federation Chamber 28 May 2013
Third reading agreed to 28 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.: 85
  • Year: 2013
28 Jun 2013

Documents and transcripts

Text of bill

Explanatory memoranda

Proposed amendments

House of representatives

Schedules of amendments

No documents at present

Bills digest

Notes

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 changes 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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