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.

Bills before Parliament

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Current Bills
Previous Bills

TOTAL RESULTS: 185

  • Date
    30 Mar 2017 
    Chamber
    House of Representatives 
    Status
    Before Senate 
    Portfolio
    Treasury 
    Summary
    Amends the:
    Income Tax Assessment Act 1936
    and
    Income Tax Assessment Act 1997
    to: supplement the ‘same business test’ with a ‘similar business test’ for the purposes of working out whether a company’s tax losses and net capital losses from previous income years can be used as a tax deduction in a current income year; and make consequential amendments; and
    Income Tax Assessment Act 1997
    to provide taxpayers with the choice to self-assess the effective life of certain intangible depreciating assets they start to hold on or after 1 July 2016. 

    Bill | Explanatory Memorandum

  • Date
    07 Sep 2017 
    Chamber
    House of Representatives 
    Status
    Before House of Representatives 
    Portfolio
    Treasury 
    Summary
    Introduced with the ASIC Supervisory Cost Recovery Levy Amendment Bill 2017, the bill amends the:
    Corporations Act 2001
    to: establish a new licensing regime requiring administrators of designated significant financial benchmarks to obtain a benchmark administrator licence from the Australian Securities and Investments Commission (ASIC); enable ASIC to make rules imposing a regulatory framework for licensed benchmark administrators and related matters; and create offences and penalties for manipulation of financial benchmarks;
    Productivity Commission Act 1998
    to provide for the appointment of an additional commissioner to oversee the work of the Productivity Commission in relation to the evaluation of policies and programs that have an impact on Indigenous persons; and
    Corporations Act 2001
    and
    Treasury Laws Amendment (2016 Measures No. 1) Act 2017
    to make consequential amendments. 

    Bill | Explanatory Memorandum

  • Date
    14 Sep 2017 
    Chamber
    House of Representatives 
    Status
    Before House of Representatives 
    Portfolio
    Treasury 

    Bill | Explanatory Memorandum

  • Date
    11 May 2017 
    Chamber
    House of Representatives 
    Status
    Before House of Representatives 
    Portfolio
    Treasury 
    Summary
    Further to the
    Treasury Laws Amendment (Enterprise Tax Plan) Act 2017
    , the bill amends the:
    Income Tax Rates Act 1986
    to: progressively extend the lower 27.5 per cent corporate tax rate to all corporate tax entities by the 2023-24 financial year; and further reduce the corporate tax rate in stages so that by the 2026 27 financial year, the corporate tax rate for all entities will be 25 per cent; and
    Income Tax Assessment Act 1936
    ,
    Income Tax Assessment Act 1997
    ,
    Treasury Laws Amendment (Combating Multinational Tax Avoidance) Act 2017
    and
    Treasury Laws Amendment (Enterprise Tax Plan) Act 2017
    to make consequential amendments. 

    Bill | Explanatory Memorandum

  • Date
    07 Sep 2017 
    Chamber
    House of Representatives 
    Status
    Before House of Representatives 
    Portfolio
    Treasury 
    Summary
    Introduced with the Foreign Acquisitions and Takeovers Fees Imposition Amendment (Vacancy Fees) Bill 2017, the bill amends the:
    Income Tax Assessment Act 1997
    to: provide that travel expenditure incurred in gaining or producing assessable income from residential premises is not deductible, and not recognised in the cost base of the property for capital gains tax purposes; and limit deductions for plant and equipment assets used for producing assessable income from residential premises to when the asset was first used for a taxable purpose;
    Foreign Acquisitions and Takeovers Act 1975
    to implement an annual vacancy fee on foreign owners of residential real estate where residential property is not occupied or genuinely available on the rental market for at least six months in a 12-month period; and
    Taxation Administration Act 1953
    to make consequential amendments. 

    Bill | Explanatory Memorandum

  • Date
    14 Sep 2017 
    Chamber
    Senate 
    Status
    Before Senate 
    Portfolio
    Treasury 

    Bill | Explanatory Memorandum

  • Date
    14 Sep 2017 
    Chamber
    House of Representatives 
    Status
    Before House of Representatives 
    Portfolio
    Treasury 

    Bill | Explanatory Memorandum

  • Date
    14 Sep 2017 
    Chamber
    Senate 
    Status
    Before Senate 
    Portfolio
    Treasury 

    Bill | Explanatory Memorandum

  • Date
    07 Sep 2017 
    Chamber
    House of Representatives 
    Status
    Before House of Representatives 
    Portfolio
    Treasury 
    Summary
    Introduced with the First Home Super Saver Tax Bill 2017 to establish the First Home Super Saver Scheme, the bill amends: 10 Acts to enable first home savers to make voluntary contributions into the superannuation system and to withdraw those contributions and associated earnings for the purposes of purchasing their first home; and the
    Income Tax Assessment Act 1997
    and
    Taxation Administration Act 1953
    to allow an individual aged 65 years or over to use the proceeds of one sale of their main residence to make contributions (downsizer contributions) of up to $300 000 to their superannuation. 

    Bill | Explanatory Memorandum

  • Date
    17 Aug 2017 
    Chamber
    House of Representatives 
    Status
    Before House of Representatives 
    Portfolio
    Treasury 
    Summary
    Part of a package of 11 bills to fund the Commonwealth’s contribution to the National Disability Insurance Scheme, the bill amends the
    Income Tax Assessment Act 1997
    to increase from 3 per cent to 3.5 per cent the rate of Medicare levy and Medicare levy surcharge component of the untainting tax rate. 

    Bill | Explanatory Memorandum

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