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TOTAL RESULTS: 277

• Taxation Laws Amendment (Venture Capital) Bill 2002

  Track (What's this?)

  Date

  14 Nov 2002 

  Chamber

  House of Representatives 

  Status

  Act 

  Portfolio

  Treasury 

  Summary

  Introduced with the Venture Capital Bill 2002, the bill amends the

  Income Tax Assessment Act 1936

  ,

  Income Tax Assessment Act 1997

  and

  Fringe Benefits Tax Assessment Act 1986

  to: amend the existing tax treatment of venture capital limited partnerships and Australian venture capital funds of funds and the capital gains tax treatment of “carried interests”; and provide a tax exemption to eligible non-resident partners of these limited partnerships on profits from the disposal of investments in eligible venture capital businesses. Also makes consequential amendments to the

  Income Tax Assessment Act 1997

  and

  Pooled Development Funds Act 1992

  . 

  Bill | Explanatory Memorandum

• Trade Practices Amendment Bill (No. 1) 2002

  Track (What's this?)

  Date

  26 Sep 2002 

  Chamber

  House of Representatives 

  Status

  Act 

  Portfolio

  Treasury 

  Summary

  Amends the

  Trade Practices Act 1974

  to: clarify the prohibition of pyramid selling; amend provisions relating to defences to prosecutions; and re-insert a penalty which was inadvertently omitted. Also contains application provisions. 

  Bill | Explanatory Memorandum

• Treasury Legislation Amendment Bill (No. 1) 2002

  Track (What's this?)

  Date

  19 Sep 2002 

  Chamber

  House of Representatives 

  Status

  Act 

  Portfolio

  Treasury 

  Summary

  Clarifies the operation of the

  Financial Sector (Collection of Data—Consequential and Transitional Provisions) Act 2001

  and

  General Insurance Reform Act 2001

  to ensure that, where both Acts amend the same provision, the amendments made by the

  Financial Sector (Collection of Data—Consequential and Transitional Provisions) Act 2001

  operate first. 

  Bill | Explanatory Memorandum

• Taxation Laws Amendment Bill (No. 5) 2002

  Track (What's this?)

  Date

  27 Jun 2002 

  Chamber

  House of Representatives 

  Status

  Act 

  Portfolio

  Treasury 

  Summary

  Amends the

  Income Tax (Transitional Provisions) Act 1997

  and

  Income Tax Assessment Act 1997

  to provide transitional valuation arrangements for the 2001-02 income year for oyster farmers capturing oyster spat by the traditional stick farming method;

  Income Tax Assessment Act 1997

  to prevent double taxation where an amount is paid in respect of work in progress;

  Income Tax Assessment Act 1936

  ,

  Income Tax Assessment Act 1997

  ,

  Income Tax (Transitional Provisions) Act 1997

  and

  New Business Tax System (Capital Allowances—Transitional and Consequential) Act 2001

  in relation to the capital allowances system; and

  Income Tax Assessment Act 1936

  to enable the Commissioner to recover outstanding pay as you go withholding amounts by making an estimate of the debt. Also contains application provisions. 

  Bill | Explanatory Memorandum

• Trade Practices Amendment (Liability for Recreational Services) Bill 2002

  Track (What's this?)

  Date

  27 Jun 2002 

  Chamber

  House of Representatives 

  Status

  Act 

  Portfolio

  Treasury 

  Summary

  Amends the

  Trade Practices Act 1974

  to allow individuals to waive their contractual right to sue when undertaking hazardous recreational activities. 

  Bill | Explanatory Memorandum

• Taxation Laws Amendment (Structured Settlements and Structured Orders) Bill 2002

  Track (What's this?)

  Date

  06 Jun 2002 

  Chamber

  House of Representatives 

  Status

  Act 

  Portfolio

  Treasury 

  Summary

  Amends the:

  Income Tax Assessment Act 1997

  to provide an income tax exemption: for annuities and certain deferred lump sums paid under structured settlements to seriously injured persons, subject to eligibility criteria; and for life insurance companies on income derived from assets that support structured settlements; and

  Life Insurance Act 1995

  to provide that any commutation or assignment of a tax-exempt structured settlement annuity or lump sum will be ineffective. Also makes consequential amendments to the

  Income Tax Assessment Act 1936

  and the

  Income Tax (Transitional Provisions) Act 1997

  and contains application provisions. 

  Bill | Explanatory Memorandum

• Taxation Laws Amendment Bill (No. 4) 2002

  Track (What's this?)

  Date

  30 May 2002 

  Chamber

  House of Representatives 

  Status

  Act 

  Portfolio

  Treasury 

  Summary

  Amends the:

  Income Tax Assessment Act 1997

  ,

  Income Tax Assessment Act 1936

  and

  Income Tax (Transitional Provisions) Act 1997

  to amend the thin capitalisation regime;

  Income Tax Assessment Act 1997

  to: insert a capital gains tax roll-over for a trust restructuring into a company; and introduce statutory caps on the effective life for the calculation of the declined value of depreciating assets; and

  Income Tax Assessment Act 1936

  and

  Income Tax Assessment Act 1997

  to provide certain tax exemptions for temporary residents. Also contains application and transitional provisions. 

  Bill | Explanatory Memorandum

• Taxation Laws Amendment (Superannuation) Bill (No. 2) 2002

  Track (What's this?)

  Date

  16 May 2002 

  Chamber

  House of Representatives 

  Status

  Act 

  Portfolio

  Treasury 

  Summary

  Introduced with the Superannuation Guarantee Charge Amendment Bill 2002, the bill amends: the

  Superannuation Guarantee (Administration) Act 1992

  to require at least quarterly superannuation contributions on behalf of employees; 3 Acts to reduce the superannuation surcharge rates; 5 Acts to reduce the superannuation surcharge cap; the

  Income Tax Assessment Act 1936

  and

  Income Tax Assessment Act 1997

  to limit when a contribution to a complying superannuation fund or retirement saving account will be an allowable tax deduction; the

  Income Tax Assessment Act 1936

  to: allow superannuation contributions to be made on behalf of children; and increase the deduction limit for personal superannuation contributions made by the self-employed; and the

  Bankruptcy Act 1966

  to ensure that the superannuation guarantee charge and any related general interest charge have the same priority in bankruptcy as salary or wages. Also makes technical amendments to 4 Acts, consequential amendments to 6 Acts and contains application and transitional provisions. 

  Bill | Explanatory Memorandum

• Taxation Laws Amendment (Medicare Levy and Medicare Levy Surcharge) Bill 2002

  Track (What's this?)

  Date

  14 May 2002 

  Chamber

  House of Representatives 

  Status

  Act 

  Portfolio

  Treasury 

  Summary

  Amends the:

  A New Tax (Medicare Levy Surcharge—Fringe Benefits) Act 1999

  and

  Medicare Levy Act 1986

  to increase the Medicare levy low income thresholds and the Medicare levy surcharge low income thresholds for the 2001-2002 financial year and later financial years;

  Medicare Levy Act 1986

  in relation to eligibility to use a family income threshold; and

  Income Tax Assessment Act 1936

  to make minor technical amendments. 

  Bill | Explanatory Memorandum

• Taxation Laws Amendment Bill (No. 3) 2002

  Track (What's this?)

  Date

  21 Mar 2002 

  Chamber

  House of Representatives 

  Status

  Act 

  Portfolio

  Treasury 

  Summary

  Amends the:

  A New Tax System (Goods and Services Tax) Act 1999

  in relation to: supplies in return for rights to develop land; and transfer of tax losses, net capital losses and excess foreign tax credits so that they are not subject to GST, with effect from 1 July 2000;

  A New Tax System (Goods and Services Tax Transition) Act 1999

  and

  Income Tax Assessment Act 1997

  to provide a one-off credit to businesses that held rental cars on 1 July 2000;

  Income Tax Assessment Act 1936

  and

  Income Tax Assessment Act 1997

  in relation to taxation of general insurance companies and workers’ compensation self-insurers; and

  Income Tax Assessment Act 1936

  to broaden the eligibility criteria for accessing the intercorporate dividend rebate. Also contains application and transitional provisions. 

  Bill | Explanatory Memorandum