Search all bills

TOTAL RESULTS: 741

• Trade Legislation Amendment Bill (No. 1) 2016

  Track (What's this?)

  Date

  10 Feb 2016 

  Chamber

  House of Representatives 

  Status

  Act 

  Portfolio

  Trade and Investment 

  Summary

  Amends the

  Export Market Development Grants Act 1997

  to: remove communications as an eligible expenditure category; place a limit of $15 000 on the free sample expenditure category; describe the promotional literature or other advertising expenditure category as including literature or material in electronic or any other form; remove reimbursement of in country travel (other than air fares) and increase the daily allowance for overseas visits; add to the list of excluded expenses those relating to activities or products that the chief executive officer of Austrade considers may have had a detrimental impact on Australia’s trade reputation; permit Austrade to direct funds from other sources towards export market development grants (EMDG) administration costs; provide that the first independent review of the EMDG scheme must be completed by no later than 31 December 2021 and enable the minister to determine a date for later reviews; and enable the EMDG scheme to continue without a specified termination date; and the

  Australian Trade Commission Act 1985

  to: change the name of the Australian Trade Commission to the Australian Trade and Investment Commission; and amend the short title of the Act to the

  Australian Trade and Investment Commission Act 1985

  . Also makes consequential amendments to 10 Acts. 

  Bill | Explanatory Memorandum

• Tax Laws Amendment (Small Business Restructure Roll-over) Bill 2016

  Track (What's this?)

  Date

  04 Feb 2016 

  Chamber

  House of Representatives 

  Status

  Act 

  Portfolio

  Treasury 

  Summary

  Amends the

  Income Tax Assessment Act 1997

  to enable small businesses to defer the recognition of gains or losses that may arise from the transfer of capital gains tax assets, trading stock, revenue assets and depreciating assets as part of a restructure of their business. 

  Bill | Explanatory Memorandum

• Tax and Superannuation Laws Amendment (2015 Measures No. 6) Bill 2015

  Track (What's this?)

  Date

  03 Dec 2015 

  Chamber

  House of Representatives 

  Status

  Act 

  Portfolio

  Treasury 

  Summary

  Amends the

  Income Tax Assessment Act 1997

  to change the capital gains tax treatment of the sale and purchase of businesses involving certain earnout rights (rights to future payments linked to the performance of an asset or assets after sale); and the

  Taxation Administration Act 1953

  to impose withholding obligations on the purchasers of certain Australian assets. Also makes consequential amendments to five Acts. 

  Bill | Explanatory Memorandum

• Tax Laws Amendment (Implementation of the Common Reporting Standard) Bill 2015

  Track (What's this?)

  Date

  03 Dec 2015 

  Chamber

  House of Representatives 

  Status

  Act 

  Portfolio

  Treasury 

  Summary

  Amends the

  Taxation Administration Act 1953

  to: require financial institutions to carry out Common Reporting Standard due diligence procedures to identify reportable accounts held by foreign tax residents and provide statements about those accounts; require financial institutions to provide a statement in relation to certain accounts if they receive a notice requiring them to do so; provide for administrative penalties when financial institutions fail to collect account holder self-certifications about the jurisdiction of residence for tax purposes; and require financial institutions to keep records for at least five years that explain the procedures used for identifying these accounts. Also makes consequential amendments to the

  Income Tax Assessment Act 1997

  ,

  Tax and Superannuation Laws Amendment (2015 Measures No. 5) Act 2015

  and

  Taxation Administration Act 1953

  . 

  Bill | Explanatory Memorandum

• Tax Laws Amendment (New Tax System for Managed Investment Trusts) Bill 2015

  Track (What's this?)

  Date

  03 Dec 2015 

  Chamber

  House of Representatives 

  Status

  Act 

  Portfolio

  Treasury 

  Summary

  Part of a package of four bills to establish a new tax system for certain managed investment trusts, the bill amends the:

  Income Tax Assessment Act 1997

  and

  Taxation Administration Act 1953

  to establish the new class of attribution managed investment trusts (AMIT); and enable the Commissioner of Taxation to determine an amount of non-arm’s length income in relation to a managed investment trust (MIT);

  Income Tax Assessment Act 1997

  to provide that a member of an AMIT will make a capital gain or capital loss when a capital gains tax event happens to their membership interests;

  Income Tax Assessment Act 1936

  ,

  Income Tax Assessment Act 1997

  and

  Taxation Administration Act 1953

  to provide that fund payment withholding provisions apply when a withholding MIT makes a fund payment to another entity that has a place of payment or address outside Australia;

  Income Tax Assessment Act 1936

  and

  Income Tax Assessment Act 1997

  to exclude certain superannuation funds and exempt entities from the application of the 20 per cent tracing rule for public trading trusts;

  Income Tax Assessment Act 1936

  to repeal the corporate unit trust rules; and

  Taxation Administration Act 1953

  to extend the list of entities qualifying as eligible investors for the purpose of the widely held requirements. Also amends 13 Acts to make consequential amendments. 

  Bill | Explanatory Memorandum

• Telecommunications (Numbering Charges) Amendment Bill 2015

  Track (What's this?)

  Date

  02 Dec 2015 

  Chamber

  House of Representatives 

  Status

  Act 

  Portfolio

  Communications 

  Summary

  Introduced with the Communication Legislation Amendment (Deregulation and Other Measures) Bill 2015, the bill amends the

  Telecommunications (Numbering Charges) Act 1997

  to make consequential amendments to reflect that the allocation to and holding of numbers by carriage service providers, for which charges arise under the Act, could in future be managed in accordance with an industry-based scheme. 

  Bill | Explanatory Memorandum

• Tax Laws Amendment (Gifts) Bill 2015

  Track (What's this?)

  Date

  12 Nov 2015 

  Chamber

  House of Representatives 

  Status

  Act 

  Portfolio

  Treasury 

  Summary

  Amends the

  Income Tax Assessment Act 1997

  to add two organisations to the list of specifically listed deductible gift recipients. 

  Bill | Explanatory Memorandum

• Tax and Superannuation Laws Amendment (2015 Measures No. 5) Bill 2015

  Track (What's this?)

  Date

  15 Oct 2015 

  Chamber

  House of Representatives 

  Status

  Act 

  Portfolio

  Treasury 

  Summary

  Amends the:

  Income Tax Assessment Act 1997

  to: reduce the methods for calculating work-related car expense deductions to include the logbook method and the cents per kilometre method; and provide for a single rate for the calculation of the cents per kilometre method to be determined by the Commissioner of Taxation;

  Income Tax Assessment Act 1936

  to restrict the application of the Zone Tax Offset to people whose usual place of residence is within a zone or a prescribed area within a zone;

  Fringe Benefits Tax Assessment Act 1936

  to limit the concessional treatment of salary packaged entertainment benefits;

  Taxation Administration Act 1953

  to create a new reporting regime which requires third parties to report to the commissioner on certain transactions which could reasonably be expected to have tax consequences for other entities; and

  Fringe Benefits Tax Assessment Act 1986

  ,

  Income Tax Assessment Act 1997

  ,

  Tax Agent Services Act 2009

  and

  Taxation Administration Act 1953

  to make consequential amendments. 

  Bill | Explanatory Memorandum

• Tax Laws Amendment (Combating Multinational Tax Avoidance) Bill 2015

  Track (What's this?)

  Date

  16 Sep 2015 

  Chamber

  House of Representatives 

  Status

  Act 

  Portfolio

  Treasury 

  Summary

  Amends the:

  Income Tax Assessment Act 1997

  to: provide for a standard and centralised set of concepts to determine whether an entity is a ‘significant global entity’; and introduce new standards for transfer pricing documentation and country-by-country reporting by significant global entities;

  Income Tax Assessment Act 1936

  to negate certain tax avoidance schemes used by multinational entities to artificially avoid the attribution of profits to a permanent establishment in Australia; and

  Taxation Administration Act 1953

  to: increase the penalties imposed on significant global entities that enter into tax avoidance or profit shifting schemes; and make consequential amendments. 

  Bill | Explanatory Memorandum

• Tax and Superannuation Laws Amendment (2015 Measures No. 4) Bill 2015

  Track (What's this?)

  Date

  20 Aug 2015 

  Chamber

  House of Representatives 

  Status

  Act 

  Portfolio

  Treasury 

  Summary

  Amends the:

  Income Tax Assessment Act 1997

  to ensure that capital gains tax scrip for scrip roll-over rules apply appropriately;

  Income Tax Assessment Act 1936

  to remove the income tax exemption for employees of an Australian government agency who work overseas for not less than 91 days delivering Official Development Assistance; and

  Superannuation (Unclaimed Money and Lost Members) Act 1999

  to increase the account balance threshold below which small lost member accounts must be transferred to the Commissioner of Taxation. 

  Bill | Explanatory Memorandum