Bills before Parliament

Search all bills

Period
Status

Current Bills

Previous Bills

Type

TOTAL RESULTS: 180

  • 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
    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 thirteen Acts to make consequential amendments. 

    Bill | Explanatory Memorandum

  • Treasury Legislation Amendment (Repeal Day 2015) Bill 2015

    Track (What's this?)

    Date
    12 Nov 2015 
    Chamber
    House of Representatives 
    Status
    Before House of Representatives 
    Portfolio
    Treasury 
    Summary
    Amends the:
    Superannuation Guarantee (Administration) Act 1992
    and
    Tax and Superannuation Laws Amendment (Norfolk Island Reforms) Act 2015
    to align the earnings base for calculating the superannuation guarantee charge (SG) with the earnings base for calculating SG contributions;
    Superannuation Guarantee (Administration) Act 1992
    to align the nominal interest on unpaid or late SG contributions with the period over which they are actually outstanding;
    Crimes (Taxation Offences) Act 1980
    ,
    Superannuation Guarantee (Administration) Act 1992
    and
    Taxation Administration Act 1953
    to align the penalties imposed under the superannuation guarantee charge regime with the administrative penalties imposed by the
    Taxation Administration Act 1953
    ;
    Income Tax Assessment Act 1997
    ,
    Small Superannuation Accounts Act 1995
    ,
    Superannuation Guarantee (Administration) Act 1992
    and
    Superannuation (Unclaimed Money and Lost Members) Act 1999
    to: enable the Commissioner of Taxation to pay for certain superannuation amounts directly to individuals with a terminal medical condition; and remove the requirement for superannuation funds to lodge a separate biannual lost members statement; and
    Corporations Act 2001
    to modify the notification and reporting obligations applying to certain corporations that have property in receivership or property in respect of which a controller is acting. Also amends 10 Acts to remove redundant or spent provisions and repeals five Acts. 

    Bill | Explanatory Memorandum

  • Superannuation Legislation Amendment (Trustee Governance) Bill 2015

    Track (What's this?)

    Date
    16 Sep 2015 
    Chamber
    House of Representatives 
    Status
    Before Senate 
    Portfolio
    Treasury 
    Summary
    Amends the:
    Superannuation Industry (Supervision) Act 1993
    to: require trustees of registrable superannuation entity licensees to have a minimum of one-third independent directors and an independent Chair on their boards; and make consequential amendments; and
    Governance of Australian Government Superannuation Schemes Act 2011
    to restructure the board of the Commonwealth Superannuation Corporation by reducing the number of directors from eleven to nine and providing for the majority of the directors to be independent. 

    Bill | Explanatory Memorandum

  • Foreign Acquisitions and Takeovers Fees Imposition Bill 2015

    Track (What's this?)

    Date
    20 Aug 2015 
    Chamber
    House of Representatives 
    Status
    Passed Both Houses 
    Portfolio
    Treasury 
    Summary
    Part of a package of three bills in relation to Australia’s foreign investment framework, the bill imposes fees in relation to certain applications and actions that are made under the proposed
    Foreign Acquisitions and Takeovers Legislation Amendment Act 2015

    Bill | Explanatory Memorandum

  • Tax and Superannuation Laws Amendment (2015 Measures No. 3) Bill 2015

    Track (What's this?)

    Date
    27 May 2015 
    Chamber
    House of Representatives 
    Status
    Before Senate 
    Portfolio
    Treasury 
    Summary
    Amends the:
    Income Tax Assessment Act 1997
    and
    Shipping Reform (Tax Incentives) Act 2012
    to abolish the seafarer tax offset; and
    Income Tax Assessment Act 1997
    to reduce the refundable and non-refundable rates of the tax offset available under the research and development tax incentive for the first $100 million of eligible expenditure by 1.5 percentage points. 

    Bill | Explanatory Memorandum

  • Competition and Consumer Amendment (Deregulatory and Other Measures) Bill 2015

    Track (What's this?)

    Date
    18 Mar 2015 
    Chamber
    House of Representatives 
    Status
    Before House of Representatives 
    Portfolio
    Treasury 
    Summary
    Amends the
    Competition and Consumer Act 2010
    to: remove the requirement for reporting a food related death, serious injury or illness to the Australian Competition and Consumer Commission (ACCC); remove the requirement for litigants to obtain ministerial consent to bring an action for a breach of the Act that takes place overseas; enable consumers to seek redress in state and territory courts and tribunals for breaches of the Act; remove the requirement for the ACCC to maintain a register of certain records when they hold conferences for product safety bans; enable the ACCC to share certain notices it receives with specified agencies to protect public safety; clarify the operation of the cooling-off period for unsolicited consumer agreements; permit the ACCC to seek a court order directing a person to comply with a notice to obtain information, documents and evidence; and make technical amendments. 

    Bill | Explanatory Memorandum

  • Australian Securities and Investments Commission Amendment (Corporations and Markets Advisory Committee Abolition) Bill 2014

    Track (What's this?)

    Date
    04 Dec 2014 
    Chamber
    House of Representatives 
    Status
    Before Senate 
    Portfolio
    Treasury 
    Summary
    Amends the
    Australian Securities and Investments Commission Act 2001
    to: abolish the Corporations and Markets Advisory Committee; provide for transitional arrangements; and make consequential amendments. 

    Bill | Explanatory Memorandum

  • Clean Energy Finance Corporation (Abolition) Bill 2014

    Track (What's this?)

    Date
    23 Jun 2014 
    Chamber
    House of Representatives 
    Status
    Before House of Representatives 
    Portfolio
    Treasury 
    Summary
    Part of a package of 11 bills to remove the carbon pricing mechanism, the bill: repeals the
    Clean Energy Finance Corporation Act 2012
    to abolish the Clean Energy Finance Corporation (CEFC); amends the
    Australian Renewable Energy Agency Act 2011
    and
    Clean Energy Regulator Act 2011
    to make amendments consequent on the repeal; abolishes the CEFC Transitional Special Account established as a temporary measure; and provides for transitional arrangements. 

    Bill | Explanatory Memorandum

Facebook LinkedIn Twitter Add | Email Print

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.

Back to top