Tax and Superannuation Laws Amendment (2014 Measures No. 1) Bill 2014

Type
Government
Portfolio
Treasury 
Originating house
House of Representatives 
Status
Act 
Parliament no
44
Summary
Amends the:
Superannuation Industry (Supervision) Act 1993
  to provide that a person must not promote a scheme that has resulted in a payment being made from a regulated superannuation fund otherwise than as prescribed by payment standards and impose a civil penalty for any contravention;
Superannuation Industry (Supervision) Act 1993
  and
Taxation Administration Act 1953
  to provide the power to give directions and impose administrative penalties for contraventions relating to self managed superannuation funds;
Income Tax Assessment Act 1936
  to phase out the net medical expenses tax offset by the end of the 2018-19 income year; and
Income Tax Assessment Act 1997
  to update the list of deductible gift recipients; and
Fringe Benefits Tax Assessment Act 1986
,
Income Tax Assessment Act 1936
  and
Income Tax Assessment Act 1997
  to make consequential amendments. 

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Progress

House of Representatives
26 Feb 2014Introduced and read a first time
26 Feb 2014Second reading moved
04 Mar 2014Second reading debate
04 Mar 2014Second reading agreed to
04 Mar 2014Third reading agreed to
Senate
05 Mar 2014Introduced and read a first time
05 Mar 2014Second reading moved
06 Mar 2014Second reading debate
06 Mar 2014Second reading agreed to
06 Mar 2014Third reading agreed to


06 Mar 2014Finally passed both Houses
18 Mar 2014Assent

Act no.: 11

Year: 2014

Documents and transcripts

Text of bill

Word Format PDF Format
Word Format PDF Format

Explanatory memoranda

Word Format PDF Format

Transcript of speeches

Proposed amendments

No documents at present

Schedules of amendments

No documents at present

Committee Information

No documents at present

Bills Digest PDF Format

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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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