Tax and Superannuation Laws Amendment (2014 Measures No. 2) Bill 2014

Type
Government
Portfolio
Treasury
Originating house
House of Representatives
Status
Act
Parliament no
44
Summary
Amends the:
Medicare Levy Act 1986
to increase the Medicare levy low-income threshold amounts for families and the dependent child-student component of the threshold from the 2013-14 financial year;
Income Tax Assessment Act 1936
to ensure outcomes are preserved in relation to tax assessments where taxpayers have self-assessed on the basis of certain announced taxation measures which have been discontinued;
Income Tax Assessment Act 1997
to limit the ability of taxpayers who obtain additional franking credits as a result of ‘dividend washing’ to obtain a tax benefit; and
Income Tax Assessment Act 1936
,
Income Tax Assessment Act 1997
and
Medicare Levy Act 1986
to make technical amendments.

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Progress

House of Representatives
Introduced and read a first time 29 May 2014
Second reading moved 29 May 2014
Second reading debate 04 Jun 2014
Second reading agreed to 04 Jun 2014
Third reading agreed to 04 Jun 2014
Senate
Introduced and read a first time 16 Jun 2014
Second reading moved 16 Jun 2014
Second reading debate 19 Jun 2014
Second reading agreed to 19 Jun 2014
Third reading agreed to 19 Jun 2014
Finally passed both Houses 19 Jun 2014
Assent
  • Act no.: 68
  • Year: 2014
30 Jun 2014

Documents and transcripts

Text of bill

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Word Format PDF Format HTML Format

Explanatory memoranda

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Proposed amendments

No proposed amendments have been circulated.

Schedules of amendments

No documents at present

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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