Minerals Resource Rent Tax Repeal and Other Measures Bill 2013 [No. 2]

Type
Government
Portfolio
Treasury
Originating house
House of Representatives
Status
Not Proceeding
Parliament no
44
Summary
The bill: repeals the
Minerals Resource Rent Tax Act 2012
,
Minerals Resource Rent Tax (Imposition—Customs) Act 2012
,
Minerals Resource Rent Tax (Imposition—Excise) Act 2012
and
Minerals Resource Rent Tax (Imposition—General) Act 2012
; amends the:
Income Tax Assessment Act 1997
and
Income Tax (Transitional Provisions) Act 1997
to provide that companies can carry tax losses forward to use as a deduction for a future year;
Income Tax Assessment Act 1997
to: amend the instant asset write-off threshold provisions for small business entities; provide that motor vehicle purchases made by small business entities will be treated as normal business assets for depreciation purposes; and provide that geothermal energy exploration and prospecting expenditure are no longer immediately deductible;
Superannuation Guarantee (Administration) Act 1992
to delay increases in the superannuation guarantee rate for a two-year period;
Superannuation (Government Co-contribution for Low Income Earners) Act 2003
to abolish the low income superannuation contribution;
Social Security Act 1991
and
Social Security (Administration) Act 1999
to abolish the income support bonus payment; and
A New Tax System (Family Assistance) Act 1999
,
A New Tax System (Family Assistance) (Administration) Act 1999
,
Income Tax Assessment Act 1997
and
Social Security (Administration) Act 1999
to abolish the schoolkids bonus payment; and makes consequential amendments to 13 Acts.

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Progress

House of Representatives
Introduced and read a first time 23 Jun 2014
Second reading moved 23 Jun 2014
Second reading debate 26 Jun 2014
Second reading agreed to 26 Jun 2014
Third reading agreed to 26 Jun 2014
Senate
Introduced and read a first time 07 Jul 2014
Second reading moved 07 Jul 2014
Second reading debate 14 Jul 2014
Second reading debate 15 Jul 2014
Second reading debate 17 Jul 2014
Second reading agreed to 17 Jul 2014
Committee of the Whole debate
  • Amendment details: 2 Opposition and 2 Palmer United Party agreed to
17 Jul 2014
Third reading agreed to 17 Jul 2014
House of Representatives
Consideration of Senate message
  • Details: House disagreed to Senate amendments
18 Jul 2014
Senate
Consideration of House of Reps message
  • Details: Senate insisted on its amendments
18 Jul 2014
House of Representatives
Message from Senate reported 26 Aug 2014
Consideration of Senate message
  • Details: Bill laid aside
01 Sep 2014
Laid aside 01 Sep 2014

Documents and transcripts

Text of bill

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Explanatory memoranda

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Proposed amendments

Senate

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Schedules of amendments

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Bills digest

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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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