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: 148

  • Date
    25 May 2017 
    Chamber
    House of Representatives 
    Status
    Before House of Representatives 
    Portfolio
    Treasury 
    Summary
    Amends the
    International Monetary Agreements Act 1947
    to: establish a standing appropriation and authority to borrow for payments to meet drawings made by the International Monetary Fund (IMF) under a new bilateral loan agreement entered into by Australia and the IMF; and make consequential amendments. 

    Bill | Explanatory Memorandum

  • Date
    25 May 2017 
    Chamber
    House of Representatives 
    Status
    Before House of Representatives 
    Portfolio
    Treasury 
    Summary
    Amends: six Acts to make amendments arising out of the enactment of the
    Treasury Laws Amendment (Fair and Sustainable Superannuation) Act 2016
    in relation to: the transfer balance cap; concessional and non-concessional contributions; limited recourse borrowing arrangements; objective of superannuation; transition to retirement income streams; capital gains tax relief for superannuation funds; and administrative processes; the
    Bankruptcy Act 1966
    and
    Corporations Act 2001
    to enable a single approval to cover a profit or advantage received by an external administrator or trustee even when the benefit is passed on to multiple related entitles; and the
    Corporations Act 2001
    to: ensure that annual and end-of-control returns by controllers are included on the Australian Securities and Investments Commission’s public register; and make technical amendments. 

    Bill | Explanatory Memorandum

  • Date
    25 May 2017 
    Chamber
    House of Representatives 
    Status
    Before House of Representatives 
    Portfolio
    Treasury 
    Summary
    Amends the
    Income Tax Assessment Act 1997
    ,
    Income Tax (Transitional Provisions) Act 1997
    and
    Tax Laws Amendment (Small Business Measures No. 2) Act 2015
    to extend by 12 months to 30 June 2018 the period during which small business entities can access expanded accelerated depreciation rules. 

    Bill | Explanatory Memorandum

  • Date
    24 May 2017 
    Chamber
    House of Representatives 
    Status
    Before House of Representatives 
    Portfolio
    Treasury 
    Summary
    Amends the
    A New Tax System (Medicare Levy Surcharge—Fringe Benefits) Act 1999
    and
    Medicare Levy Act 1986
    to increase the Medicare levy and Medicare levy surcharge low-income threshold amounts for individuals, families and individual taxpayers and families eligible for the seniors and pensioners tax offset; and increase the phase-in limits as a result of the increased threshold amounts. 

    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
    30 Mar 2017 
    Chamber
    House of Representatives 
    Status
    Before House of Representatives 
    Portfolio
    Treasury 
    Summary
    Part of a package of three bills to enable the recovery of the regulatory costs of the Australian Securities and Investments Commission (ASIC), the bill: provides for the collection of the levy; and requires entities regulated by ASIC to submit annual returns. 

    Bill | Explanatory Memorandum

  • Date
    30 Mar 2017 
    Chamber
    House of Representatives 
    Status
    Before House of Representatives 
    Portfolio
    Treasury 
    Summary
    Part of a package of three bills to enable the recovery of the regulatory costs of the Australian Securities and Investments Commission (ASIC), the bill makes consequential amendments to the
    Australian Securities and Investments Commission Act 2001
    ,
    Corporations Act 2001
    ,
    Corporations (Fees) Act 2001
    and
    National Consumer Credit Protection Act 2009

    Bill | Explanatory Memorandum

  • Date
    30 Mar 2017 
    Chamber
    House of Representatives 
    Status
    Before House of Representatives 
    Portfolio
    Treasury 
    Summary
    Part of a package of three bills to enable the recovery of the regulatory costs of the Australian Securities and Investments Commission (ASIC), the bill imposes a levy on persons regulated by ASIC. 

    Bill | Explanatory Memorandum

  • Date
    30 Mar 2017 
    Chamber
    House of Representatives 
    Status
    Before House of Representatives 
    Portfolio
    Treasury 
    Summary
    Amends the:
    Competition and Consumer Act 2010
    to: clarify that ‘competition’ includes competition from goods and services that are capable of importation, in addition to those actually imported; confine the application of cartel conduct provisions to conduct affecting competition in Australian markets; change the scope of the joint venture exceptions; remove provisions relating to the anti-competitive disclosure of pricing and other information (known as price signalling); prohibit a corporation from engaging in a concerted practice that has the purpose, effect or likely effect of substantially lessening competition; remove the separate prohibition on exclusionary provisions; define ‘contract’ and ‘party’ to include covenants; increase the maximum penalty applying to breaches of the secondary boycott provisions; prohibit third line forcing only where it has the purpose, effect or likely effect of substantially lessening competition; enable a corporation or person to notify the Australian Competition and Consumer Commission (ACCC) of resale price maintenance conduct, as an alternative to seeking authorisation from the commission for such conduct; provide an exemption from the resale price maintenance prohibition for conduct between related bodies corporate; consolidate authorisation provisions, including those relating to mergers, into a single authorisation process; grant the ACCC with ‘class exemption’ and ‘stop notice’ powers; provide for reviews by the Australian Competition Tribunal of merger authorisation determinations by the ACCC; enable a party bringing certain proceedings to rely on both admissions of fact and finding of fact made in certain other proceedings; extend the ACCC’s power to obtain information, documents and evidence in relation to investigations of alleged contraventions or court enforceable undertakings and merger authorisation determinations, and introduce a ‘reasonable search’ defence in relation to the failure or refusal to comply with a notice to produce such documents; implement recommendations made by the Productivity Commission in relation to the National Access Regime; streamline administration of the Act, particularly in relation to requirements of the Australian Consumer Law; and make consequential amendments; and
    Radiocommunications Act 1992
    to make consequential amendments. 

    Bill | Explanatory Memorandum

  • Date
    30 Mar 2017 
    Chamber
    House of Representatives 
    Status
    Before House of Representatives 
    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