Treasury Laws Amendment (2020 Measures No. 5) Bill 2020

Type
Government
Portfolio
Treasury
Originating house
House of Representatives
Status
Act
Parliament no
46

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Summary

Amends the: Income Tax Assessment Act 1997 to: enable the minister to declare certain grant programs as eligible for non-assessable non-exempt income tax treatment under an instrument-making power; and update the list of deductible gift recipients to include Neighbourhood Watch Australasia; and Income Tax Assessment Act 1997 and Superannuation (Unclaimed Money and Lost Members) Act 1999 to facilitate the payment of unclaimed superannuation held by the Commissioner of Taxation directly to New Zealand KiwiSaver schemes.

Progress

House of Representatives
Introduced and read a first time 11 Nov 2020
Second reading moved 11 Nov 2020
Second reading debate 08 Dec 2020
Second reading agreed to 08 Dec 2020
Third reading agreed to 08 Dec 2020
Senate
Introduced and read a first time 09 Dec 2020
Second reading moved 09 Dec 2020
Second reading agreed to 10 Dec 2020
Third reading agreed to 10 Dec 2020
Finally passed both Houses 10 Dec 2020
Assent
  • Act no: 118
  • Year: 2020
11 Dec 2020

Documents and transcripts

Text of bill

Explanatory memoranda

Proposed amendments

No proposed amendments have been circulated.

Schedules of amendments

No documents at present

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.

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