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TOTAL RESULTS: 185

  • Tax and Superannuation Laws Amendment (2015 Measures No. 6) Bill 2015

    Track (What's this?)

    Date
    03 Dec 2015 
    Chamber
    House of Representatives 
    Status
    Before Senate 
    Portfolio
    Treasury 
    Summary
    Amends the
    Income Tax Assessment Act 1997
    to change the capital gains tax treatment of the sale and purchase of businesses involving certain earnout rights (rights to future payments linked to the performance of an asset or assets after sale); and the
    Taxation Administration Act 1953
    to impose withholding obligations on the purchasers of certain Australian assets. Also makes consequential amendments to five Acts. 

    Bill | Explanatory Memorandum

  • Tax Laws Amendment (Implementation of the Common Reporting Standard) Bill 2015

    Track (What's this?)

    Date
    03 Dec 2015 
    Chamber
    House of Representatives 
    Status
    Before House of Representatives 
    Portfolio
    Treasury 
    Summary
    Amends the
    Taxation Administration Act 1953
    to: require financial institutions to carry out Common Reporting Standard due diligence procedures to identify reportable accounts held by foreign tax residents and provide statements about those accounts; require financial institutions to provide a statement in relation to certain accounts if they receive a notice requiring them to do so; provide for administrative penalties when financial institutions fail to collect account holder self-certifications about the jurisdiction of residence for tax purposes; and require financial institutions to keep records for at least five years that explain the procedures used for identifying these accounts. Also makes consequential amendments to the
    Income Tax Assessment Act 1997
    ,
    Tax and Superannuation Laws Amendment (2015 Measures No. 5) Act 2015
    and
    Taxation Administration Act 1953

    Bill | Explanatory Memorandum

  • Tax Laws Amendment (New Tax System for Managed Investment Trusts) Bill 2015

    Track (What's this?)

    Date
    03 Dec 2015 
    Chamber
    House of Representatives 
    Status
    Before House of Representatives 
    Portfolio
    Treasury 
    Summary
    Part of a package of four bills to establish a new tax system for certain managed investment trusts, the bill amends the:
    Income Tax Assessment Act 1997
    and
    Taxation Administration Act 1953
    to establish the new class of attribution managed investment trusts (AMIT); and enable the Commissioner of Taxation to determine an amount of non-arm’s length income in relation to a managed investment trust (MIT);
    Income Tax Assessment Act 1997
    to provide that a member of an AMIT will make a capital gain or capital loss when a capital gains tax event happens to their membership interests;
    Income Tax Assessment Act 1936
    ,
    Income Tax Assessment Act 1997
    and
    Taxation Administration Act 1953
    to provide that fund payment withholding provisions apply when a withholding MIT makes a fund payment to another entity that has a place of payment or address outside Australia;
    Income Tax Assessment Act 1936
    and
    Income Tax Assessment Act 1997
    to exclude certain superannuation funds and exempt entities from the application of the 20 per cent tracing rule for public trading trusts;
    Income Tax Assessment Act 1936
    to repeal the corporate unit trust rules; and
    Taxation Administration Act 1953
    to extend the list of entities qualifying as eligible investors for the purpose of the widely held requirements. Also amends 13 Acts to make consequential amendments. 

    Bill | Explanatory Memorandum

  • Water Amendment (Review Implementation and Other Measures) Bill 2015

    Track (What's this?)

    Date
    03 Dec 2015 
    Chamber
    House of Representatives 
    Status
    Before House of Representatives 
    Portfolio
    Agriculture and Water Resources 
    Summary
    Amends the
    Water Act 2007
    in relation to: reviews and reporting requirements for the Basin Plan; accreditation of first generation state water resource plans with further accreditations linked to Basin Plan review outcomes; incorporation of Indigenous expertise and knowledge in the governance of the basin’s water resources; trading by the Commonwealth Environmental Water Holder; and the redundancy of the Murray-Darling Basin Water Rights Information Service; and technical and consequential amendments. 

    Bill | Explanatory Memorandum

  • Building and Construction Industry (Consequential and Transitional Provisions) Bill 2013 [No. 2]

    Track (What's this?)

    Date
    02 Feb 2016 
    Chamber
    House of Representatives 
    Status
    Before Senate 
    Portfolio
    Employment 

    Bill | Explanatory Memorandum

  • Building and Construction Industry (Improving Productivity) Bill 2013 [No. 2]

    Track (What's this?)

    Date
    02 Feb 2016 
    Chamber
    House of Representatives 
    Status
    Before Senate 
    Portfolio
    Employment 

    Bill | Explanatory Memorandum

  • Appropriation Bill (No. 3) 2015-2016

    Track (What's this?)

    Date
    04 Feb 2016 
    Chamber
    House of Representatives 
    Status
    Before House of Representatives 
    Portfolio
    Finance 

    Bill | Explanatory Memorandum

  • Appropriation Bill (No. 4) 2015-2016

    Track (What's this?)

    Date
    04 Feb 2016 
    Chamber
    House of Representatives 
    Status
    Before House of Representatives 
    Portfolio
    Finance 

    Bill | Explanatory Memorandum

  • Tax Laws Amendment (Small Business Restructure Roll-over) Bill 2016

    Track (What's this?)

    Date
    04 Feb 2016 
    Chamber
    House of Representatives 
    Status
    Before House of Representatives 
    Portfolio
    Treasury 
    Summary
    Amends the
    Income Tax Assessment Act 1997
    to enable small businesses to defer the recognition of gains or losses that may arise from the transfer of capital gains tax assets, trading stock, revenue assets and depreciating assets as part of a restructure of their business. 

    Bill | Explanatory Memorandum

  • Renewable Fuel Bill 2016

    Track (What's this?)

    Date
    08 Feb 2016 
    Chamber
    House of Representatives 
    Status
    Before House of Representatives 
    Sponsor
     

    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.

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