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
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. 

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Progress

House of Representatives
20 Mar 2013Introduced and read a first time
20 Mar 2013Second reading moved
28 May 2013Referred to Federation Chamber
28 May 2013Second reading debate
28 May 2013Second reading agreed to
28 May 2013Reported from Federation Chamber
28 May 2013Third reading agreed to
Senate
17 Jun 2013Introduced and read a first time
17 Jun 2013Second reading moved
25 Jun 2013Second reading debate
25 Jun 2013Second reading agreed to
25 Jun 2013Third reading agreed to


25 Jun 2013Text of bill as passed both Houses
28 Jun 2013Assent

Act no.: 85

Year: 2013

Documents and transcripts

Text of bill

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Word Format PDF Format

Explanatory memoranda

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Transcript of speeches

Proposed amendments

House of Representatives
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Schedules of amendments

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Committee Information

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Bills Digest PDF Format

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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