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• Tax Laws Amendment (2004 Measures No. 5) Bill 2004

  Track (What's this?)

  Date

  12 Aug 2004 

  Chamber

  House of Representatives 

  Status

  Not Proceeding 

  Portfolio

  Treasury 

  Summary

  Amends the:

  Income Tax Assessment Act 1997

  to: add certain organisations and include special schools as specifically-listed deductible gift recipients; give irrigation water providers and rural land irrigation water providers access to the water facilities and landcare tax concessions; enable an administrator (in addition to a liquidator) to declare worthless shares and other equity interests for capital gains tax purposes; and amend application of the first child tax offset provisions in relation to adoptive parents;

  Fringe Benefits Tax Assessment Act 1986

  to extend the fringe benefits tax exemption to costs associated with purchase of a dwelling as a result of relocation;

  Superannuation Guarantee (Administration) Act 1992

  to remove the superannuation guarantee (SG) reporting requirement, for employers to report employer superannuation contributions to employees, from the SG arrangements;

  Income Tax Assessment Act 1997

  ,

  Income Tax (Transitional Provisions) Act 1997

  and

  Taxation Administration Act 1953

  to clarify operation of the consolidation regime; and

  Taxation Laws Amendment Act (No. 8) 2003

  to correct a commencement provision. Also contains application and transitional provisions. 

  Bill | Explanatory Memorandum

• Tax Laws Amendment (2004 Measures No. 6) Bill 2005

  Track (What's this?)

  Date

  18 Nov 2004 

  Chamber

  House of Representatives 

  Status

  Act 

  Portfolio

  Treasury 

  Summary

  Amends the:

  Income Tax Assessment Act 1997

  and

  Income Tax (Transitional Provisions) Act 1997

  to: clarify the operation of the consolidation regime and the interaction of the regime with other areas of the tax law; and alleviate unintended tax consequences that arise as a result of the transfer of life insurance business;

  Income Tax Assessment Act 1997

  ,

  Income Tax (Transitional Provisions) Act 1997

  and

  Taxation Administration Act 1953

  to ensure that: copyright collecting societies are not taxed on copyright income they collect on behalf of members; and non-copyright income under prescribed limits is tax exempt;

  Income Tax Assessment Act 1936

  ,

  Income Tax Assessment Act 1997

  ,

  Taxation Administration Act 1953

  and

  Taxation Laws Amendment Act (No. 8) 2003

  to: further implement the simplified imputation system, including anti-avoidance rules in relation to exempt entities that are eligible for a refund of imputation credits; and to replace and update certain references and terminology; and

  Income Tax Assessment Act 1997

  to: include government special schools, certain fire and emergency service bodies and certain other entities as specifically-listed deductible gift recipients; extend an existing transitional rule in the debt/equity rules for at-call loans to 30 June 2005; give irrigation water providers and rural land irrigation water providers access to the water facilities and landcare tax concessions; enable an administrator (in addition to a liquidator) to declare worthless shares and other equity interests for capital gains tax purposes; and amend the application of the first child tax offset provisions in relation to adoptive parents;

  Fringe Benefits Tax Assessment Act 1986

  to extend the fringe benefits tax exemption to costs associated with purchase of a dwelling as a result of relocation;

  A New Tax System (Goods and Services Tax) Act 1999

  to ensure the same GST treatment of property-related services to non-residents and residents; and

  Taxation Laws Amendment Act (No. 8) 2003

  to correct a commencement provision. 

  Bill | Explanatory Memorandum

• Tax Laws Amendment (2004 Measures No. 7) Bill 2005

  Track (What's this?)

  Date

  08 Dec 2004 

  Chamber

  House of Representatives 

  Status

  Act 

  Portfolio

  Treasury 

  Summary

  Amends the

  Income Tax Assessment Act 1997

  and

  Taxation Administration Act 1953

  to introduce a 25 per cent entrepreneurs’ tax offset;

  Income Tax Assessment Act 1997

  and

  Income Tax (Transitional Provisions) Act 1997

  to remove the current requirement for small businesses to use the simplified tax system (STS) accounting method;

  Income Tax Assessment Act 1936

  and

  Income Tax Assessment Act 1997

  to: allow deferred tax liability currently available to employee share scheme holders to continue after a corporate restructure; and allow revocation of unused provisional certificates issued in respect of certain film projects;

  Fringe Benefits Tax Assessment Act 1986

  to increase fringe benefits tax exemption thresholds for long service award benefits;

  Petroleum Resource Rent Tax Assessment Act 1987

  to provide petroleum exploration incentives to encourage exploration in remote offshore areas;

  Income Tax Assessment Act 1936

  ,

  Income Tax Assessment Act 1997

  and

  Income Tax (Transitional Provisions) Act 1997

  to clarify the operation of the consolidation regime and the interaction of the regime with other areas of the tax law;

  Income Tax Assessment Act 1997

  to ensure that roll-over relief available for partnerships under the uniform capital allowances regime is also available in relation to depreciating assets allocated to STS pools;

  Income Tax Assessment Act 1936

  in relation to: family trust and interposed entity elections; and non-commercial loans from trustees and private companies. Also amends 19 Acts to make technical corrections. 

  Bill | Explanatory Memorandum

• Tax Laws Amendment (2005 Measures No. 1) Bill 2005

  Track (What's this?)

  Date

  10 Feb 2005 

  Chamber

  House of Representatives 

  Status

  Act 

  Portfolio

  Treasury 

  Summary

  Amends the:

  Fringe Benefits Tax Assessment Act 1986

  in relation to exemptions for employer-provided remote area housing, relocation consultant costs and certain work-related items;

  Income Tax Assessment Act 1997

  to: set maximum periods over which deductions for the decline in value of buses, light commercial vehicles, trucks and truck trailers; and introduce a mature age worker tax offset; and

  A New Tax System (Goods and Services Tax) Act 1999

  to ensure that the goods and services tax applies to transactions involving non-residents who supply options or rights to things which are connected with Australia. 

  Bill | Explanatory Memorandum

• Tax Laws Amendment (2005 Measures No. 2) Bill 2005

  Track (What's this?)

  Date

  17 Mar 2005 

  Chamber

  House of Representatives 

  Status

  Act 

  Portfolio

  Treasury 

  Summary

  Amends the:

  Income Tax Assessment Act 1997

  in relation to: the simplified imputation system; capital gains tax roll-over for registrable superannuation entities that merge under new superannuation safety arrangements; and the list of deductible gift recipients;

  Income Tax Assessment Act 1997

  and

  Income Tax (Transitional Provisions) Act 1997

  to provide capital allowance deductions for certain telecommunications rights;

  Taxation Administration Act 1953

  to simplify transfer from annual to quarterly payment of pay as you go instalments for certain taxpayers;

  A New Tax System (Goods and Services Tax) Act 1999

  in relation to the goods and service tax and real property;

  Income Tax Assessment Act 1936

  in relation to tax treatment for superannuation annuities that have been split upon marriage breakdown; and

  Fringe Benefits Tax Assessment Act 1986

  in relation to exemption from fringe benefits tax for payments to worker entitlement funds. 

  Bill | Explanatory Memorandum

• Tax Laws Amendment (2005 Measures No. 3) Bill 2005

  Track (What's this?)

  Date

  12 May 2005 

  Chamber

  House of Representatives 

  Status

  Act 

  Portfolio

  Treasury 

  Summary

  Amends the:

  Income Tax Assessment Act 1936

  and

  Income Tax Assessment Act 1997

  to increase flexibility for charitable funds, ancillary funds and prescribed private funds;

  Income Tax Assessment Act 1936

  to: reinstate the taxation of Australian companies with foreign branch income and gains from the operation of ships or aircraft in international traffic to that applying prior to the implementation of the

  New International Tax Arrangements (Participation Exemption and Other Measures) Act 2004

  ; and introduce a standard definition of a dependent child;

  Taxation Administration Act 1953

  to allow disclosure of relevant taxpayer information to the Corruption and Crime Commission of Western Australia; and

  Fringe Benefits Tax Assessment Act 1986

  to make a technical correction in relation to rebatable employer status of government institutions that are charitable institutions. 

  Bill | Explanatory Memorandum

• Tax Laws Amendment (2005 Measures No. 4) Bill 2005

  Track (What's this?)

  Date

  23 Jun 2005 

  Chamber

  House of Representatives 

  Status

  Act 

  Portfolio

  Treasury 

  Summary

  Amends the:

  Income Tax Assessment Act 1997

  to: introduce a 30 per cent tax offset for out-of-pocket child care expenses, to be known as the child care tax rebate, to a maximum of $4000; and update the list of deductible gift recipients;

  Income Tax Assessment Act 1936

  to expand the purposes for which business tax income information may be disclosed to the Australian Statistician; and

  A New Tax System (Wine Equalisation Tax) Act 1999

  to extend the wine equalisation tax rebate to New Zealand wine producers that export wine to Australia. Also makes consequential amendments to the

  A New Tax System (Family Assistance) (Administration) Act 1999

  and

  Taxation Administration Act 1953

  . 

  Bill | Explanatory Memorandum

• Tax Laws Amendment (2005 Measures No. 5) Bill 2005

  Track (What's this?)

  Date

  18 Aug 2005 

  Chamber

  House of Representatives 

  Status

  Act 

  Portfolio

  Treasury 

  Summary

  Amends the:

  Income Tax Assessment Act 1936

  to: modify the foreign employment income exemption; and extend the operation of the 12-month rule for forestry managed investments to 30 June 2008;

  Income Tax Assessment Act 1997

  : to allow qualifying high budget television series to apply for the refundable film tax offset; and in relation to debt/equity rules;

  Income Tax Assessment Act 1997

  and 3 other Acts to clarify the operation of the consolidation regime;

  Income Tax (Transitional Provisions) Act 1997

  to make transitional arrangements in relation to the thin capitalisation regime; and

  Income Tax Assessment Act 1936

  ,

  Income Tax Assessment Act 1997

  and

  New Business Tax System (Debt and Equity) Act 2001

  to make technical amendments in relation to debt/equity rules. 

  Bill | Explanatory Memorandum

• Tax Laws Amendment (2006 Measures No. 6) Bill 2007

  Track (What's this?)

  Date

  02 Nov 2006 

  Chamber

  House of Representatives 

  Status

  Act 

  Portfolio

  Treasury 

  Summary

  Amends the

  Income Tax Assessment Act 1997

  to amend the list of deductible gift recipients; and makes technical corrections and amendments to seven Acts. 

  Bill | Explanatory Memorandum

• Tax Laws Amendment (2006 Measures No. 7) Bill 2007

  Track (What's this?)

  Date

  07 Dec 2006 

  Chamber

  House of Representatives 

  Status

  Act 

  Portfolio

  Treasury 

  Summary

  Amends the taxation laws in relation to: small business relief for capital gains tax events; deductible gift recipients; effective life of tractors and harvesters; farm management deposits; and capital protected borrowings. 

  Bill | Explanatory Memorandum