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TOTAL RESULTS: 741

• Treasury Laws Amendment (Better Targeted Superannuation Concessions and Other Measures) Bill 2023

  Track (What's this?)

  Date

  30 Nov 2023 

  Chamber

  House of Representatives 

  Status

  Not Proceeding 

  Portfolio

  Treasury 

  Summary

  Introduced with the Superannuation (Better Targeted Superannuation Concessions) Imposition Bill 2023, the bill amends: 9 Acts to make consequential amendments; the

  Australian Charities and Not-for-profits Commission Act 2012

  to enable the disclosure of information about a recognised assessment activity in relation to a registered entity in certain circumstances; the

  Financial Regulator Assessment Authority Act 2021

  to reduce the frequency of certain periodic reviews; 6 Acts to make miscellaneous and technical amendments in the Treasury portfolio; the

  Corporations Act 2001

  to provide four licensing exemptions for foreign financial services providers; and the

  Payment Systems (Regulation) Act 1998

  and 4 other Acts in relation to the payments regulatory framework. 

  Bill | Explanatory Memorandum

• Treasury Laws Amendment (Miscellaneous Measures) Bill 2024

  Track (What's this?)

  Date

  30 Nov 2023 

  Chamber

  House of Representatives 

  Status

  Not Proceeding 

  Portfolio

  Treasury 

  Summary

  This bill is the result of the Senate dividing the Treasury Laws Amendment (Better Targeted Superannuation Concessions and Other Measures) Bill 2023 (original bill) into two bills. This page shows the procedural history of the original bill up to the time it was divided, and the title and description of the bill as divided by the Senate (see sheet 3191 of amendments to the original bill). For copies of the explanatory memorandum and amendments circulated to the original bill, see the homepage of the original bill. The bill amends: the

  Australian Charities and Not-for-profits Commission Act 2012

  to enable the disclosure of information about a recognised assessment activity in relation to a registered entity in certain circumstances; the

  Financial Regulator Assessment Authority Act 2021

  to reduce the frequency of certain periodic reviews; 6 Acts to make miscellaneous and technical amendments in the Treasury portfolio; the

  Corporations Act 2001

  to provide four licensing exemptions for foreign financial services providers; and the

  Payment Systems (Regulation) Act 1998

  and 4 other Acts in relation to the payments regulatory framework. 

  Bill

• Treasury Laws Amendment (Reserve Bank Reforms) Bill 2023

  Track (What's this?)

  Date

  29 Nov 2023 

  Chamber

  House of Representatives 

  Status

  Act 

  Portfolio

  Treasury 

  Summary

  Partially implements the Government’s response to the review of the Reserve Bank of Australia (RBA) by amending the

  Reserve Bank Act 1959

  to: remove the Government’s power to override monetary policy decisions of the RBA and remove the RBA’s power to determine the lending policy of banks; clarify the objectives and functions of the RBA; replace the existing Reserve Bank Board with a Monetary Policy Board and Governance Board; and make consequential and minor amendments. 

  Bill | Explanatory Memorandum

• Treasury Laws Amendment (Tax Accountability and Fairness) Bill 2023

  Track (What's this?)

  Date

  16 Nov 2023 

  Chamber

  House of Representatives 

  Status

  Act 

  Portfolio

  Treasury 

  Summary

  Amends the:

  Tax Agent Services Act 2009

  and

  Taxation Administration Act 1953

  : to expand the operation of the promoter penalty provisions; and enable the sharing of certain protected information;

  Taxation Administration Act 1953

  to extend whistleblower protections to eligible whistleblowers who make disclosures to the Tax Practitioners Board (TPB); and reverse the burden of proof for certain claims of protection;

  Tax Agent Services Act 2009

  in relation to the TPB Register and the TPB’s delegation powers; and

  Petroleum Resource Rent Tax Assessment Act 1987

  to limit the proportion of petroleum resource rent tax assessable income that can be offset by deductions to 90 per cent. 

  Bill | Explanatory Memorandum

• Treasury Laws Amendment (Support for Small Business and Charities and Other Measures) Bill 2023

  Track (What's this?)

  Date

  13 Sep 2023 

  Chamber

  House of Representatives 

  Status

  Act 

  Portfolio

  Treasury 

  Summary

  Amends the:

  Income Tax (Transitional Provisions) Act 1997

  to: increase the instant asset write-off threshold from $1,000 to $20,000 for the 2023-24 financial year; and provide small and medium businesses with access to a bonus tax deduction for the 2023-24 financial year relating to electrification and more efficient energy use;

  Income Tax Assessment Act 1997

  ,

  Taxation Administration Act 1953

  and

  A New Tax System (Australian Business Number) Act 1999

  to facilitate certain community charities achieving deductible gift recipient status;

  Income Tax Assessment Act 1997

  to: include two new entities on the list of deductible gift recipients and extend the listing for two other entities; extend the Global Infrastructure Hub’s income tax exemption for an additional year; broadly align existing tax requirements with a new accounting standard for insurance contracts; and amend the rules for non-arm’s length expenses for superannuation entities;

  Corporations Act 2001

  to reinstate the Australian Financial Complaint Authority’s jurisdiction to hear certain complaints relating to superannuation; and

  Treasury Laws Amendment (2023 Law Improvement Package No. 1) Act 2023

  to make contingent amendments. 

  Bill | Explanatory Memorandum

• Telecommunications (Interception and Access) Amendment Bill 2023

  Track (What's this?)

  Date

  07 Aug 2023 

  Chamber

  House of Representatives 

  Status

  Act 

  Portfolio

  Attorney-General 

  Summary

  Amends the

  Telecommunications (Interception and Access) Act 1979

  in relation to the communication of foreign intelligence information. 

  Bill | Explanatory Memorandum

• Treasury Laws Amendment (Housing Measures No. 1) Bill 2023 [No. 2]

  Track (What's this?)

  Date

  02 Aug 2023 

  Chamber

  House of Representatives 

  Status

  Not Proceeding 

  Portfolio

  Treasury 

  Summary

  Introduced with the Housing Australia Future Fund Bill 2023 [No. 2] and National Housing Supply and Affordability Council Bill 2023 [No. 2], the bill amends: the

  National Housing Finance and Investment Corporation Act 2018

  to rename the National Housing Finance and Investment Corporation to Housing Australia; the renamed

  Housing Australia Act 2018

  to: streamline the functions of Housing Australia; establish an annual review mechanism for the National Housing Infrastructure Facility; and extend the Commonwealth guarantee of the liabilities of Housing Australia to apply to contracts entered into until 30 June 2028; and 10 Acts to make consequential amendments. 

  Bill | Explanatory Memorandum

• Treasury Laws Amendment (Making Multinationals Pay Their Fair Share—Integrity and Transparency) Bill 2023

  Track (What's this?)

  Date

  22 Jun 2023 

  Chamber

  House of Representatives 

  Status

  Act 

  Portfolio

  Treasury 

  Summary

  Amends the:

  Corporations Act 2001

  to require Australian public companies to disclose information about their subsidiaries in their annual financial reports by way of a ‘consolidated entity disclosure statement’; and

  Income Tax Assessment Act 1936

  ,

  Income Tax Assessment Act 1997

  and

  Taxation Administration Act 1953

  to amend the thin capitalisation rules to limit the amount of debt deductions that multinational entities can claim in an income year. 

  Bill | Explanatory Memorandum

• Treasury Laws Amendment (2023 Law Improvement Package No. 1) Bill 2023

  Track (What's this?)

  Date

  14 Jun 2023 

  Chamber

  House of Representatives 

  Status

  Act 

  Portfolio

  Treasury 

  Summary

  Amends the:

  Australian Securities and Investments Commission Act 2001

  ,

  Corporations Act 2001

  and 42 other Acts to implement certain recommendations of the Australian Law Reform Commission’s Financial Services Interim Reports A and B to: ‘unfreeze’ the

  Acts Interpretation Act 1901

  so that the current version applies to the

  Australian Securities and Investments Commission Act 2001

  and

  Corporations Act 2001

  ; create a single glossary of defined terms in the

  Corporations Act 2001

  ; repeal redundant definitions; address unclear or incorrect provisions; simplify unnecessarily complex provisions; and make consequential and contingent amendments;

  Insurance Acquisitions and Takeovers Act 1991

  ,

  Insurance Act 1973

  ,

  Insurance Contracts Act 1984

  ,

  Life Insurance Act 1995

  and

  Terrorism and Cyclone Insurance Act 2003

  to implement findings of the thematic review of insurance instruments due to sunset on 1 October 2023;

  Corporations Act 2001

  and

  National Consumer Credit Protection Act 2009

  to move certain matters currently in legislative instruments into primary law. Also makes minor and technical amendments to 10 Acts in the Treasury portfolio and repeals the

  ASIC Corporations (Superannuation and Schemes: Underlying Investments) Instrument 2016/378

  . 

  Bill | Explanatory Memorandum

• Treasury Laws Amendment (2023 Measures No. 3) Bill 2023

  Track (What's this?)

  Date

  14 Jun 2023 

  Chamber

  House of Representatives 

  Status

  Act 

  Portfolio

  Treasury 

  Summary

  Amends the:

  Corporations Act 2001

  to: prohibit schemes designed to avoid the application of a product intervention order relating to a credit facility; remove tertiary education requirements for financial advisers with 10 or more years’ experience and a clean disciplinary record; address certain limitations in the education requirements for new entrants into the financial advice profession and financial advisers who are registered tax agents; make amendments contingent on the commencement of the

  Treasury Laws Amendment (2023 Law Improvement Package No. 1) Act 2023

  and

  Treasury Laws Amendment (Modernising Business Communications and Other Measures) Act 2023

  ;

  Australian Securities and Investments Commission Act 2001

  and

  Corporations Act 2001

  to enable the Australian Securities and Investment Commission to implement and enforce requirements on a monopoly provider of clearing and settlement (CS) services to achieve competitive outcomes;

  Competition and Consumer Act 2010

  to provide the Australian Competition and Consumer Commission with the power to conduct binding arbitration to resolve disputes regarding access to certain CS services; and

  Income Tax Assessment Act 1997

  and

  Taxation Administration Act 1953

  to: increase the discretion of the Commissioner of Taxation to amend and revoke First Home Super Saver (FHSS) Scheme applications; enable individuals to withdraw or amend their FHSS Scheme applications before receiving a FHSS Scheme amount, and enabling those who withdraw to re-apply for FHSS Scheme releases in the future; enable the Commissioner of Taxation to return any FHSS Scheme amounts to superannuation funds, provided the amount has not yet been released to the individual; and clarify that FHSS Scheme amounts returned to superannuation funds do not count towards individuals’ contribution caps. 

  Bill | Explanatory Memorandum