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TOTAL RESULTS: 741

• 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

• Telecommunications Legislation Amendment (Access Regime and NBN Companies) Bill 2016

  Track (What's this?)

  Date

  02 Dec 2015 

  Chamber

  House of Representatives 

  Status

  Not Proceeding 

  Portfolio

  Communications 

  Summary

  Amends the:

  Telecommunications Act 1997

  to clarify that the facilities access regime processes in the

  Competition and Consumer Act 2010

  have precedence over those in this Act;

  Competition and Consumer Act 2010

  and

  National Transmission Network Sale Act 1998

  to provide that certain access providers are to give access to in-building cabling that they own or control when the cabling is necessary for the supply of an active declared service;

  Competition and Consumer Act 2010

  in relation to: pilots and trials of new services or technology; access determinations; notices to vary special access undertakings; fixed principles in special access undertakings; authorised conduct for competition law purposes; clarifying ‘declared services’; and consequential amendments; and

  National Broadband Network Companies Act 2011

  to provide that an NBN corporation may dispose of surplus non-communications goods; and enable NBN Co’s line of business restrictions to be changed through regulation. 

  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

• Treasury Legislation Amendment (Repeal Day 2015) Bill 2016

  Track (What's this?)

  Date

  12 Nov 2015 

  Chamber

  House of Representatives 

  Status

  Not Proceeding 

  Portfolio

  Treasury 

  Summary

  Amends the:

  Superannuation Guarantee (Administration) Act 1992

  and

  Tax and Superannuation Laws Amendment (Norfolk Island Reforms) Act 2015

  to align the earnings base for calculating the superannuation guarantee charge (SG) with the earnings base for calculating SG contributions;

  Superannuation Guarantee (Administration) Act 1992

  to align the nominal interest on unpaid or late SG contributions with the period over which they are actually outstanding;

  Crimes (Taxation Offences) Act 1980

  ,

  Superannuation Guarantee (Administration) Act 1992

  and

  Taxation Administration Act 1953

  to align the penalties imposed under the superannuation guarantee charge regime with the administrative penalties imposed by the

  Taxation Administration Act 1953

  ;

  Income Tax Assessment Act 1997

  ,

  Small Superannuation Accounts Act 1995

  ,

  Superannuation Guarantee (Administration) Act 1992

  and

  Superannuation (Unclaimed Money and Lost Members) Act 1999

  to enable the Commissioner of Taxation to pay for certain superannuation amounts directly to individuals with a terminal medical condition; and remove the requirement for superannuation funds to lodge a separate biannual lost members statement; and

  Corporations Act 2001

  to modify the notification and reporting obligations applying to certain corporations that have property in receivership or property in respect of which a controller is acting. Also amends 10 Acts to remove redundant or spent provisions and repeals five Acts. 

  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

• Trade Marks Amendment (Iconic Symbols of National Identity) Bill 2015

  Track (What's this?)

  Date

  14 Sep 2015 

  Chamber

  House of Representatives 

  Status

  Not Proceeding 

  Sponsor

  KATTER, Bob, Jnr, MP 

  Summary

  Amends the

  Trade Marks Act 1995

  to prohibit the registration of trade marks which consist of a sign which is of national significance or iconic value to the people of Australia; and provide that any trade marks that currently purport to restrict the use of a sign of national significance must be removed from the register of trade marks. 

  Bill | Explanatory Memorandum