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TOTAL RESULTS: 276

• Tax Laws Amendment (2009 Budget Measures No. 2) Bill 2009

  Track (What's this?)

  Date

  21 Oct 2009 

  Chamber

  House of Representatives 

  Status

  Act 

  Portfolio

  Treasury 

  Summary

  Introduced with the Income Tax (TFN Withholding Tax (ESS)) Bill 2009, the bill amends: six Acts in relation to shares or rights granted under employee share schemes; the

  Income Tax Assessment Act 1997

  and

  Income Tax (Transitional Provisions) Act 1997

  in relation to the application of the non-commercial losses rules for taxpayers with an adjusted taxable income of $250,000 or more; and the

  Superannuation (Unclaimed Money and Lost Members) Act 1999

  ,

  Financial Transaction Reports Act 1988

  ,

  Income Tax Assessment Act 1997

  and

  Taxation Administration Act 1953

  to require superannuation providers to transfer the balance of certain lost members’ accounts to the Commissioner of Taxation. 

  Bill | Explanatory Memorandum

• Tax Laws Amendment (2009 Budget Measures No. 1) Bill 2009

  Track (What's this?)

  Date

  27 May 2009 

  Chamber

  House of Representatives 

  Status

  Act 

  Portfolio

  Treasury 

  Summary

  Amends the:

  Income Tax Assessment Act 1936

  to: exempt from income tax foreign employment income derived by an Australian resident employed as an aid worker, a charitable worker, a defence or police deployment, and activities prescribed by regulation;

  Superannuation (Government Co-Contribution for Low Income Earners) Act 2003

  to temporarily reduce the matching rate and maximum co-contribution payable on individual eligible personal superannuation contributions; and

  Income Tax Assessment Act 1997

  and

  Income Tax (Transitional Provisions) Act 1997

  to reduce the caps on concessional superannuation contributions and transitional concessional superannuation contributions. 

  Bill | Explanatory Memorandum

• Tax Laws Amendment (2008 Measures No. 6) Bill 2009

  Track (What's this?)

  Date

  03 Dec 2008 

  Chamber

  House of Representatives 

  Status

  Act 

  Portfolio

  Treasury 

  Summary

  Amends the:

  Income Tax Assessment Act 1997

  in relation to roll-overs for corporate restructures;

  Taxation Administration Act 1953

  in relation to the collection or conservation of tax debts owed in foreign countries;

  Superannuation Guarantee (Administration) Act 1992

  in relation to the late payment offset for superannuation guarantee contributions. Also makes minor amendments to six other Acts and repeals the

  Pay-roll Tax Act 1941

  . 

  Bill | Explanatory Memorandum

• Tax Laws Amendment (2008 Measures No. 5) Bill 2008

  Track (What's this?)

  Date

  25 Sep 2008 

  Chamber

  House of Representatives 

  Status

  Act 

  Portfolio

  Treasury 

  Summary

  Amends the:

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

  in relation to the margin scheme and the sale of real property;

  Income Tax Assessment Act 1997

  to modify the thin capitalisation regime in relation to the use of accounting standards for identifying and valuing an entity’s assets, liabilities and equity capital;

  Income Tax Assessment Act 1936

  to extend eligibility for exemption from interest withholding tax to certain bonds;

  Fringe Benefits Tax Assessment Act 1986

  in relation to income earning assets held jointly with a third party; and

  Income Tax Assessment Act 1936

  in relation to the eligible investment business rules for managed funds. 

  Bill | Explanatory Memorandum

• Tax Laws Amendment (2008 Measures No. 4) Bill 2008

  Track (What's this?)

  Date

  26 Jun 2008 

  Chamber

  House of Representatives 

  Status

  Act 

  Portfolio

  Treasury 

  Summary

  Amends the

  Income Tax Assessment Act 1936

  and

  Income Tax Assessment Act 1997

  to: provide private health insurance policy holders with capital gains tax relief when insurers demutualise; limit lineal descendants to children or grandchildren of the test individual or their spouse; and remove the ability for family trusts to make a variation to the test individual specified in a family trust election. Also makes technical amendments to eight other Acts. 

  Bill | Explanatory Memorandum

• Tax Laws Amendment (2008 Measures No. 3) Bill 2008

  Track (What's this?)

  Date

  29 May 2008 

  Chamber

  House of Representatives 

  Status

  Act 

  Portfolio

  Treasury 

  Summary

  Amends the:

  Income Tax Assessment Act 1997

  in relation to the tax treatment of shareholder and unitholder rights (to restrospectively apply to rights issued on or after 1 July 2001); and

  Taxation Administration Act 1953

  in relation to: the restriction on goods and services tax refunds; and time limits for the recovery and refund of indirect tax. 

  Bill | Explanatory Memorandum

• Tax Laws Amendment (2008 Measures No. 2) Bill 2008

  Track (What's this?)

  Date

  20 Mar 2008 

  Chamber

  House of Representatives 

  Status

  Act 

  Portfolio

  Treasury 

  Summary

  Amends the:

  Income Tax Assessment Act 1997

  in relation to: amounts misappropriated by an employee or agent; the capital gains tax market value substitution rule for interests in certain companies and trusts; exempting from income tax the Endeavour Executive Award and research fellowships under the Awards program; early completion bonuses for apprentices; the list of deductible gift recipients; deductions for capital expenditure for the establishment of trees in carbon sink forests; tax-free grants under the Tobacco Growers Adjustment Assistance Programme 2006 to certain tobacco growers; and income tax exemptions for rent assistance paid to Austudy recipients and Carer Adjustment Payment recipients;

  Superannuation Guarantee (Administration) Act 1992

  in relation to extending the superannuation guarantee late payment offset;

  Income Tax Assessment Act 1997

  and

  Income Tax (Transitional Provisions) Act 1997

  in relation to tax-free superannuation lump sums paid to persons with a terminal medical condition;

  Income Tax Assessment Act 1936

  and

  Income Tax Assessment Act 1997

  in relation to extensions of the beneficiary tax offset to the Equine Workers Hardship Wage Supplement Payment; and

  Income Tax Assessment Act 1936

  in relation to the farm management deposit scheme. 

  Bill | Explanatory Memorandum

• Tax Laws Amendment (2008 Measures No. 1) Bill 2008

  Track (What's this?)

  Date

  13 Feb 2008 

  Chamber

  House of Representatives 

  Status

  Not Proceeding 

  Portfolio

  Treasury 

  Summary

  Amends the:

  Income Tax Assessment Act 1936

  and

  Income Tax Assessment Act 1997

  in relation to: removing tax deductibility for contributions and gifts to political parties, members and candidates; and extensions of the beneficiary tax offset to the Equine Workers Hardship Wage Supplement Payment;

  Income Tax Assessment Act 1997

  and

  Income Tax (Transitional Provisions) Act 1997

  in relation to tax-free superannuation lump sums paid to persons with a terminal medical condition;

  Income Tax Assessment Act 1997

  in relation to: deductions for capital expenditure for the establishment of trees in carbon sink forests; and tax-free grants under the Tobacco Growers Adjustment Assistance Programme 2006 to certain tobacco growers; and

  Income Tax Assessment Act 1936

  in relation to the farm management deposit scheme. 

  Bill | Explanatory Memorandum

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

  Track (What's this?)

  Date

  13 Sep 2007 

  Chamber

  House of Representatives 

  Status

  Not Proceeding 

  Portfolio

  Treasury 

  Summary

  Amends the taxation laws in relation to: tax-exempt asset financing; thin capitalisation; capital gains tax marriage breakdown roll-over; income tax exemptions for the Prime Minister’s Prize for Australian History and Prize for Science; same business test cap removal; partial capital gains tax roll-over for statutory licenses; Australian property trusts and stapled securities; deductible gift recipients; film production offsets; tax deductibility for certain Australian research and development activities; and establishes Innovation Australia to administer innovation and venture capital programs. 

  Bill | Explanatory Memorandum

• Tax Laws Amendment (2007 Measures No. 4) Bill 2007

  Track (What's this?)

  Date

  21 Jun 2007 

  Chamber

  House of Representatives 

  Status

  Act 

  Portfolio

  Treasury 

  Summary

  Part of a package of three bills, the bill amends the taxation laws in relation to: foreign income tax offset rules; capital gains tax roll-over for medical defence organisations; superannuation funds investment in instalment warrants; updating the list of deductible gift recipients; increasing family trust flexibility; trustee beneficiary reporting rules; the transition to the simplified superannuation regime; and makes technical and other amendments in relation to: income tax deductibility for gifts to certain scholarship funds; the formula for the fringe benefit tax depreciation rate for a car; tax file number withholding from payments to certain exempt entities; and capital gains tax exemption for certain organisations. Also repeals the

  A New Tax System (Ultimate Beneficiary Non-disclosure Tax) Act (No. 1) 1999

  and

  A New Tax System (Ultimate Beneficiary Non-disclosure Tax) Act (No. 2) 1999

  . 

  Bill | Explanatory Memorandum