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TOTAL RESULTS: 308

  • 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

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

    Track (What's this?)

    Date
    23 Jun 2010 
    Chamber
    House of Representatives 
    Status
    Not Proceeding 
    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

  • Tax Laws Amendment (2010 Measures No. 5) Bill 2011

    Track (What's this?)

    Date
    25 Nov 2010 
    Chamber
    House of Representatives 
    Status
    Act 
    Portfolio
    Treasury 
    Summary
    Amends the:
    Income Tax Assessment Act 1997
    to: change the eligibility criteria for accessing film tax offsets; extend the main residence capital gains tax exemption to certain compulsory acquisitions; include terminal medical condition benefits; and include school uniforms as an eligible expense for the education expenses tax offset;
    Income Tax Assessment Act 1997
    and
    Income Tax (Transitional Provisions) Act 1997
    to adjust the benchmark interest rate used to determine the cost of capital protection;
    A New Tax System (Goods and Services Tax) Act 1999
    to allow non-profit sub-entities to access the goods and services tax concessions available to their parent entity; and
    Taxation Administration Act 1953
    to enable the Commissioner of Taxation not to apply a payment, credit or running balance account surplus against certain tax debts. 

    Bill | Explanatory Memorandum

  • Tax Laws Amendment (2011 Measures No. 1) Bill 2011

    Track (What's this?)

    Date
    24 Feb 2011 
    Chamber
    House of Representatives 
    Status
    Act 
    Portfolio
    Treasury 
    Summary
    Amends the:
    Income Tax Assessment Act 1997
    to exempt from income tax: the Disaster Recovery Subsidy paid to those affected by the floods in Australia during the summer of 2010-11 and by Cyclone Yasi; and ex-gratia payments to New Zealand non-protected special category visa holders for a disaster that occurred in Australia during the 2010-11 financial year;
    Income Tax Assessment Act 1997
    and
    Tax Laws Amendment (2009 Measures No. 2) Act 2009
    to exempt from income tax certain payments paid to small businesses and primary producers affected by the floods in Australia during the summer of 2010-11 and by Cyclone Yasi; and
    First Home Saver Accounts Act 2008
    and
    Income Tax Assessment Act 1997
    to enable money in a First Home Saver Account to be paid into a genuine mortgage after the end of a minimum qualifying period. 

    Bill | Explanatory Memorandum

  • Tax Laws Amendment (2011 Measures No. 2) Bill 2011

    Track (What's this?)

    Date
    24 Mar 2011 
    Chamber
    House of Representatives 
    Status
    Act 
    Portfolio
    Treasury 
    Summary
    Amends: the
    Income Tax Assessment Act 1997
    in relation to the list of deductible gift recipients; the
    Superannuation Industry (Supervision) Act 1993
    in relation to self managed superannuation fund investment in collectables and personal use assets; the
    Retirement Savings Accounts Act 1997
    and
    Superannuation Industry (Supervision) Act 1993
    to allow superannuation fund trustees and retirement savings account providers to use tax file numbers in certain circumstances; the
    A New Tax System (Goods and Services Tax) Act 1999
    and
    A New Tax System (Luxury Car Tax) Act 1999
    to allow entities to self assess the goods and services tax treatment of a payment of an Australian tax, fee or charge; and 16 Acts to make technical amendments. 

    Bill | Explanatory Memorandum

  • Tax Laws Amendment (2011 Measures No. 3) Bill 2011

    Track (What's this?)

    Date
    12 May 2011 
    Chamber
    House of Representatives 
    Status
    Act 
    Portfolio
    Treasury 
    Summary
    Amends the:
    A New Tax System (Goods and Services Tax) Act 1999
    to allow supplies of particular types of new recreational boats to be goods and services tax free if the boats are exported within a specified 12-month period; and
    Income Tax (Transitional Provisions) Act 1997
    to enable the ongoing imposition of the general interest charge in certain circumstances. 

    Bill | Explanatory Memorandum

  • Tax Laws Amendment (2011 Measures No. 4) Bill 2011

    Track (What's this?)

    Date
    26 May 2011 
    Chamber
    House of Representatives 
    Status
    Act 
    Portfolio
    Treasury 
    Summary
    Amends the:
    Taxation Administration Act 1953
    to: reduce the gross domestic product (GDP) factor to four per cent for the 2011-12 financial year for GDP-adjusted notional tax; and provide that contributions to superannuation required by an industrial instrument or rules of a superannuation fund are excluded from reportable employer superannuation contributions;
    Tax Laws Amendment (2009 Measures No. 3) Act 2009
    to make consequential amendments;
    Income Tax Assessment Act 1936
    and
    Income Tax Assessment Act 1997
    to provide that minors cannot use the low income tax offset to reduce tax due on certain income; and
    Income Tax Assessment Act 1997
    and
    Income Tax (Transitional Provisions) Act 1997
    in relation to the percentage of premiums for certain total and permanent disability insurance policies that can be claimed as deductions. 

    Bill | Explanatory Memorandum

  • Tax Laws Amendment (2011 Measures No. 5) Bill 2011

    Track (What's this?)

    Date
    02 Jun 2011 
    Chamber
    House of Representatives 
    Status
    Act 
    Portfolio
    Treasury 
    Summary
    Amends the:
    Income Tax Assessment Act 1997
    in relation to: trust beneficiaries continuing to use primary production income averaging in certain circumstances; the operation of the National Rental Affordability Scheme; and anti-avoidance rules for exempt entities used to ‘shelter’ the taxable income of a trust;
    Income Tax Assessment Act 1936
    ,
    Income Tax Assessment Act 1997
    and
    Income Tax (Transitional Provisions) Act 1997
    to enable trust beneficiaries to continue to use farm management deposits in certain circumstances;
    Income Tax Assessment Act 1936
    in relation to: capital gains and franked distributions of trusts; and phasing out the dependent spouse tax offset; and
    Fringe Benefits Tax Assessment Act 1986
    to provide for a single statutory rate of 20 per cent to determine the taxable value of car fringe benefits. Also makes consequential amendments to the
    Income Tax Assessment Act 1936
    and
    Income Tax Assessment Act 1997

    Bill | Explanatory Memorandum

  • Tax Laws Amendment (2011 Measures No. 6) Bill 2011

    Track (What's this?)

    Date
    22 Jun 2011 
    Chamber
    House of Representatives 
    Status
    Act 
    Portfolio
    Treasury 
    Summary
    Amends the:
    Income Tax Assessment Act 1997
    to: provide that the outer regional and remote payment made under the Better Start for Children with Disability initiative is exempt from income tax; and update the list of deductible gift recipients; and
    Fringe Benefits Tax Assessment Act 1986
    to provide that transport costs from an employee’s residence to their employment in a remote area overseas is exempt from fringe benefits tax. 

    Bill | Explanatory Memorandum

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What is a bill?

A bill is a proposal for a law or a change to an existing law. A bill becomes law (an Act) when agreed to in identical form by both houses of Parliament and assented to by the Governor-General.