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TOTAL RESULTS: 277

• Tax Laws Amendment (2009 Measures No. 4) Bill 2009

  Track (What's this?)

  Date

  25 Jun 2009 

  Chamber

  House of Representatives 

  Status

  Act 

  Portfolio

  Treasury 

  Summary

  Amends the:

  Income Tax Assessment Act 1936

  to increase the research and development expenditure cap for eligibility to the tax offset from $1 million to $2 million;

  A New Tax System (Australian Business Number) Act 1999

  ,

  Income Tax Assessment Act 1936

  ,

  Income Tax Assessment Act 1997

  , and

  Taxation Administration Act 1953

  in relation to private ancillary funds;

  Income Tax Assessment Act 1936

  ,

  Income Tax Assessment Act 1997

  and

  Income Tax (Transitional Provisions) Act 1997

  to provide capital gains tax relief to certain friendly societies; and

  Income Tax Assessment Act 1936

  in relation to losses transferred to the head company of a consolidated group by a joining entity. Also amends 15 Acts relating to taxation laws to make various minor amendments. 

  Bill | Explanatory Memorandum

• Tax Laws Amendment (2009 Measures No. 5) Bill 2009

  Track (What's this?)

  Date

  16 Sep 2009 

  Chamber

  House of Representatives 

  Status

  Act 

  Portfolio

  Treasury 

  Summary

  Amends the:

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

  ,

  Fuel Tax Act 2006

  and

  Taxation Administration Act 1953

  in response to the Federal Court decision in

  Deputy Commissioner of Taxation v PM Developments Ltd

  to confirm that a representative of an incapacitated entity is responsible for the GST consequences arising during its appointment;

  Taxation Administration Act 1953

  to change the basis on which a pay as you go (PAYG) instalment liability is calculated;

  Income Tax Assessment Act 1997

  to: provide that the outer regional and remote payment made under the Helping Children with Autism package is exempt from income tax; and provide that payments made under the Continence Aids Payment Scheme are exempt from income tax; and

  Income Tax Assessment Act 1936

  to exempt Commonwealth debt issued in Australia from interest withholding tax. Also enables the Victorian Bushfire Appeal Fund Independent Advisory Panel to use donations for a broader range of purposes than the tax law considers charitable; and makes consequential amendments to the

  Income Tax Assessment Act 1997

  . 

  Bill | Explanatory Memorandum

• Tax Laws Amendment (2009 Measures No. 6) Bill 2010

  Track (What's this?)

  Date

  25 Nov 2009 

  Chamber

  House of Representatives 

  Status

  Act 

  Portfolio

  Treasury 

  Summary

  Amends the:

  Income Tax Assessment Act 1997

  to: remove the capital gains tax trust cloning exception; provide a limited capital gains tax roll-over for the transfer of certain assets between trusts with the same beneficiaries; allow the roll-over of capital losses and transfer of revenue losses when complying superannuation funds merge; and update the list of deductible gift recipients;

  Income Tax Assessment Act 1997

  ,

  Tax Laws Amendment (2006 Measures No. 2) Act 2006

  and

  Superannuation Legislation Amendment (Simplification) Act 2007

  to clarify the circumstances in which income derived by life insurance companies in respect of immediate annuity business qualifies as non-assessable non-exempt income;

  Income Tax Assessment Act 1936

  and

  Income Tax Assessment Act 1997

  to provide that the Income Recovery Subsidy for the North Western Queensland floods is not subject to income tax; and

  Excise Act 1901

  to provide that the blending of spirits constitutes excise manufacture. 

  Bill | Explanatory Memorandum

• Tax Laws Amendment (2010 GST Administration Measures No. 1) Bill 2010

  Track (What's this?)

  Date

  10 Feb 2010 

  Chamber

  House of Representatives 

  Status

  Act 

  Portfolio

  Treasury 

  Summary

  Amends the:

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

  and

  Taxation Administration Act 1953

  to ensure that goods and services tax adjustments are required in all situations when consideration is paid by an entity in the supply chain to a third party; and

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

  to confirm that the rules allowing attribution in the current period applies to all input tax credits. 

  Bill | Explanatory Memorandum

• Tax Laws Amendment (2010 GST Administration Measures No. 2) Bill 2010

  Track (What's this?)

  Date

  18 Mar 2010 

  Chamber

  House of Representatives 

  Status

  Act 

  Portfolio

  Treasury 

  Summary

  Amends the:

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

  and

  Taxation Administration Act 1953

  in relation to: the formation and subsequent changes of GST groups and joint ventures; and indirect tax sharing agreements for GST groups and joint ventures;

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

  ,

  Excise Act 1901

  ,

  Income Tax Assessment Act 1997

  and

  Taxation Administration Act 1953

  to include indirect tax rulings and excise advice in the general rulings regime; and

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

  in relation to the requirements for tax invoices. 

  Bill | Explanatory Memorandum

• Tax Laws Amendment (2010 GST Administration Measures No. 3) Bill 2010

  Track (What's this?)

  Date

  26 May 2010 

  Chamber

  House of Representatives 

  Status

  Act 

  Portfolio

  Treasury 

  Summary

  Amends the

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

  in relation to: GST and cross-border transport supplies; GST relief for telecommunications supplies for global roaming in Australia; and adjustments for third party payments. 

  Bill | Explanatory Memorandum

• Tax Laws Amendment (2010 Measures No. 1) Bill 2010

  Track (What's this?)

  Date

  10 Feb 2010 

  Chamber

  House of Representatives 

  Status

  Act 

  Portfolio

  Treasury 

  Summary

  The bill: amends eight Acts in relation to: approved superannuation clearing houses; forestry managed investment schemes; managed investment trusts; eligibility criteria for the entrepreneurs’ tax offset; and the corporate consolidation regime; and amends 13 Acts to make miscellaneous and technical amendments. 

  Bill | Explanatory Memorandum

• Tax Laws Amendment (2010 Measures No. 2) Bill 2010

  Track (What's this?)

  Date

  17 Mar 2010 

  Chamber

  House of Representatives 

  Status

  Act 

  Portfolio

  Treasury 

  Summary

  Amends: the

  Income Tax Assessment Act 1936

  and

  Income Tax Assessment Act 1997

  to: prevent shareholders of private companies accessing tax-free dividends from the provision of company assets for less than market value; and make consequential amendments; the

  Income Tax Assessment Act 1936

  ,

  Income Tax Assessment Act 1997

  and

  Taxation Administration Act 1953

  to extend existing arrangements for tax file number withholding to cover closely held trusts; the

  Income Tax Assessment Act 1997

  to: provide that the HECS-HELP benefit is exempt from income tax; update the list of deductible gift recipients; and provide that the Global Carbon Capture and Storage Institute Limited is exempt from income tax for a four-year period; and 108 Acts to repeal certain unlimited periods for amending taxpayers’ assessments. 

  Bill | Explanatory Memorandum

• Tax Laws Amendment (2010 Measures No. 3) Bill 2010

  Track (What's this?)

  Date

  26 May 2010 

  Chamber

  House of Representatives 

  Status

  Act 

  Portfolio

  Treasury 

  Summary

  Amends the:

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

  to: freeze indexation of the co-contribution income threshold for the 2010-11 and 2011-12 financial years; and maintain the current matching rate and maximum co-contribution payable on an individual’s eligible superannuation contributions;

  Income Tax Assessment Act 1997

  to modify the thin capitalisation rules in relation to the application of accounting standards for authorised deposit-taking institutions;

  Taxation Administration Act 1953

  to enable certain officers to declare that a specified entity is not subject to Commonwealth tax law in relation to a specified transaction;

  Income Tax Assessment Act 1936

  and

  Income Tax Assessment Act 1997

  to provide that unexpended income of a special disability trust is taxed at a certain rate; and

  Taxation Administration Act 1953

  and

  Income Tax Assessment Act 1997

  in relation to managed investment trusts and withholding tax. 

  Bill | Explanatory Memorandum

• Tax Laws Amendment (2010 Measures No. 4) Bill 2010

  Track (What's this?)

  Date

  29 Sep 2010 

  Chamber

  House of Representatives 

  Status

  Act 

  Portfolio

  Treasury 

  Summary

  Amends the:

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

  in relation to certain third party payment adjustments;

  Income Tax Assessment Act 1997

  in relation to: the capital gains tax (CGT) treatment of water entitlements and termination fees; foreign currency gains and losses; certain takeovers and mergers qualifying for CGT scrip for scrip rollover; and the list of deductible gift recipients;

  Income Tax Assessment Act 1936

  ,

  Income Tax Assessment Act 1997

  ,

  Tax Laws Amendment (2010 Measures No. 1) Act 2010

  and

  Tax Laws Amendment (Taxation of Financial Arrangements) Act 2009

  in relation to: taxation of financial arrangements; and debt/equity rules;

  Income Tax Assessment Act 1936

  to: increase the threshold above which a taxpayer may claim the net medical expenses tax offset; and commence annually indexing the threshold to the Consumer Price Index; and

  Income Tax Assessment Act 1997

  and

  Income Tax (Transitional Provisions) Act 1997

  to extend access to tax deductible donations to all volunteer based emergency services, including volunteer fire brigades. 

  Bill | Explanatory Memorandum