Tax and Superannuation Laws Amendment (2016 Measures No. 1) Bill 2016

Type
Government
Portfolio
Treasury
Originating house
House of Representatives
Status
Act
Parliament no
44

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Summary

Amends the: A New Tax System (Goods and Services Tax) Act 1999 to ensure that the goods and services tax (GST) is applied consistently to all supplies of digital products and other imported services to Australian consumers; and relieve non-resident suppliers of the obligation to account for GST on certain supplies; A New Tax System (Australian Business Number) Act 1999, A New Tax System (Goods and Services Tax) Act 1999 and Taxation Administration Act 1953 to make consequential amendments; Income Tax Assessment Act 1997 to increase the maximum amount that can be held in farm management deposits (FMDs) by a primary producer to $800 000; and enable certain primary producers experiencing severe drought conditions to withdraw an amount that has been held in an FMD for less than 12 months; Income Tax Assessment Act 1997 and Taxation Administration Act 1953 to enable FMDs to be used to offset loans or other debts; and Income Tax Assessment Act 1997 to make a technical amendment.

Progress

House of Representatives
Introduced and read a first time 10 Feb 2016
Second reading moved 10 Feb 2016
Second reading debate 23 Feb 2016
Second reading debate 03 Mar 2016
Second reading agreed to 03 Mar 2016
Third reading agreed to 03 Mar 2016
Senate
Introduced and read a first time 16 Mar 2016
Second reading moved 16 Mar 2016
Lapsed at prorogation 17 Apr 2016
Consideration of House of Reps message
  • Details: In response to a request from the House, the Senate agreed to resume consideration of the bill
02 May 2016
Second reading moved 04 May 2016
Second reading debate 04 May 2016
Second reading agreed to 04 May 2016
Committee of the Whole debate
  • Amendment details: 4 Government agreed to
04 May 2016
Third reading agreed to 04 May 2016
House of Representatives
Consideration of Senate message
  • Details: House agreed to Senate amendments
04 May 2016
Finally passed both Houses 04 May 2016
Assent
  • Act no: 52
  • Year: 2016
05 May 2016

Documents and transcripts

Text of bill

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Word Format PDF Format HTML Format

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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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.