TOTAL RESULTS: 742

• Treasury Laws Amendment (Tax Integrity and Other Measures No. 2) Bill 2018

  Track (What's this?)

  Date

  24 May 2018 

  Chamber

  House of Representatives 

  Status

  Act 

  Portfolio

  Treasury 

  Summary

  Amends the:

  Income Tax Assessment Act 1997

  to: implement the OECD hybrid mismatch rules by preventing entities that are liable to income tax in Australia from being able to avoid income taxation, or obtain a double non-taxation benefit, by exploiting differences between the tax treatment of entities and instruments across difference countries; deny imputation benefits on franked distributions made by an Australian corporate tax entity if all or part of the distribution gives rise to a foreign income deduction; clarify the expenditure that can be claimed under the film producer offset for films undertaking principal photography overseas; and include the Melbourne Korean War Memorial Committee Incorporated as a specifically listed deductible gift recipient between 1 January 2018 and 31 December 2019; and

  Income Tax Assessment Act 1936

  and

  Income Tax Assessment Act 1997

  to: implement the OECD hybrid mismatch rules by limiting the scope of the exemption for foreign branch income and preventing a deduction from arising for payments made by an Australian branch of a foreign bank to its head office in certain circumstances; prevent certain foreign equity distributions received by an Australian corporate tax entity from being non assessable non-exempt income if all or part of the distribution gives rise to a foreign income tax deduction; and provide an income tax exemption for the International Cricket Council Business Corporation FZ-LLC (IBC) and exempt from withholding tax payments of interest, dividend and royalties made to the IBC, for a five-year period. 

  Bill | Explanatory Memorandum

• Treasury Laws Amendment (Tax Integrity and Other Measures) Bill 2018

  Track (What's this?)

  Date

  28 Mar 2018 

  Chamber

  House of Representatives 

  Status

  Act 

  Portfolio

  Treasury 

  Summary

  Amends the:

  Income Tax Assessment Act 1936

  to provide that, when determining if the multinational anti-avoidance law applies to a scheme, supplies made and income received by a closely related trust or partnership are treated as being made or received by a foreign entity;

  Income Tax Assessment Act 1997

  to: include additional conditions that must be satisfied to apply the small business capital gains tax concessions to capital gains; and provide an income tax exemption for payments made under the Defence Force Ombudsman Scheme in relation to abuse by Australian Defence Force personnel; and

  Income Tax Assessment Act 1997

  ,

  Taxation Administration Act 1953

  and

  Venture Capital Act 2002

  to ensure that venture capital investment tax concessions are available for investments in fintech businesses. 

  Bill | Explanatory Memorandum

• Treasury Laws Amendment (Tax Relief So Working Australians Keep More Of Their Money) Bill 2019

  Track (What's this?)

  Date

  02 Jul 2019 

  Chamber

  House of Representatives 

  Status

  Act 

  Portfolio

  Treasury 

  Summary

  Amends the:

  Income Tax Assessment Act 1997

  to: increase the base and maximum amounts of the low and middle income tax offset to $255 and $1080, respectively, for the 2018-19, 2019-20, 2020-21 and 2021-22 financial years; and increase the maximum amount of the low income tax offset from $645 to $700 from the 2022-23 financial year; and

  Income Tax Rates Act 1986

  to reduce the tax payable by individuals from the 2022-23 financial year by increasing the top threshold of the 19 per cent income tax bracket from $41 000 to $45 000, and from the 2024-25 financial year by reducing the 32.5 per cent income tax rate to 30 per cent. 

  Bill | Explanatory Memorandum

• Treasury Laws Amendment (The Survivors Law) Bill 2026

  Track (What's this?)

  Date

  25 Mar 2026 

  Chamber

  House of Representatives 

  Status

  Passed Both Houses 

  Portfolio

  Treasury 

  Summary

  Amends the:

  Taxation Administration Act 1953

  and 3 other Acts to establish a framework to enable victims and survivors of specified child abuse offences to obtain visibility of, and access to, certain amounts held in a perpetrator’s superannuation for the purpose of satisfying unpaid compensation orders arising from criminal or civil proceedings; and

  Bankruptcy Act 1966

  to ensure that compensation debts owed to victims and survivors are not extinguished by a perpetrator’s bankruptcy. 

  Bill | Explanatory Memorandum

• Treasury Laws Amendment (Timor Sea Maritime Boundaries Treaty) Bill 2019

  Track (What's this?)

  Date

  24 Jul 2019 

  Chamber

  House of Representatives 

  Status

  Act 

  Portfolio

  Treasury 

  Summary

  Further to the Timor Sea Maritime Boundaries Treaty Consequential Amendments Bill 2019 and Passenger Movement Charge Amendment (Timor Sea Maritime Boundaries Treaty) Bill 2019, the bill gives effect to tax arrangements required to implement the Treaty Between Australia and the Democratic Republic of Timor-Leste Establishing Their Maritime Boundaries in the Timor Sea (New York, 6 March 2018) by amending the

  Income Tax Assessment Act 1997

  to provide ‘conditions equivalent’ to participants in transitioned petroleum activities affected by the treaty. Also makes consequential amendments to six Acts. 

  Bill | Explanatory Memorandum

• Treasury Laws Amendment (Untainting Tax) (National Disability Insurance Scheme Funding) Bill 2017

  Track (What's this?)

  Date

  17 Aug 2017 

  Chamber

  House of Representatives 

  Status

  Not Proceeding 

  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

• Treasury Laws Amendment (Working Holiday Maker Employer Register) Bill 2017

  Track (What's this?)

  Date

  16 Feb 2017 

  Chamber

  House of Representatives 

  Status

  Act 

  Portfolio

  Treasury 

  Summary

  Amends the:

  A New Tax System (Australian Business Number) Act 1999

  to ensure that working holiday maker employer registration information is not publicly released; and

  Taxation Administration Act 1953

  to restrict the ability of the Commissioner of Taxation to provide certain protected information to the Fair Work Ombudsman. 

  Bill | Explanatory Memorandum

• Treasury Laws Amendment (Working Holiday Maker Reform) Bill 2016

  Track (What's this?)

  Date

  12 Oct 2016 

  Chamber

  House of Representatives 

  Status

  Act 

  Portfolio

  Treasury 

  Summary

  Part of a package of four bills in relation to tax arrangements for working holiday makers, the bill amends the: Migration Regulations 1994 to reduce the working holiday maker visa application charge from $440 to $390;

  A New Tax System (Australian Business Number) Act 1999

  ,

  Income Tax Assessment Act 1997

  and

  Taxation Administration Act 1953

  to require employers of working holiday makers to register with the Commissioner of Taxation, enabling them to withhold tax at applicable income tax rates; and

  Taxation Administration Act 1953

  to enable the Commissioner to disclose certain information to the Fair Work Ombudsman; and require the Commissioner to provide the Treasurer, for presentation to the Parliament, an annual report on working holiday makers which includes statistics and information derived from the working holiday maker employer register. 

  Bill | Explanatory Memorandum

• Treasury Laws Amendment (Your Future, Your Super) Bill 2021

  Track (What's this?)

  Date

  17 Feb 2021 

  Chamber

  House of Representatives 

  Status

  Act 

  Portfolio

  Treasury 

  Summary

  Amends the:

  Superannuation Guarantee (Administration) Act 1992

  to: provide that if a new employee has an existing 'stapled' superannuation fund and does not choose a fund to receive contributions, their employer is required to make contributions on behalf of the employee into the stapled fund; and ensure that employers are not in breach of various rules, or are not liable for superannuation guarantee charge, in certain circumstances;

  Superannuation Act 1990

  and

  Superannuation Act 2005

  to make consequential amendments;

  Superannuation Industry (Supervision) Act 1993

  to: require the Australian Prudential Regulation Authority to conduct an annual performance test for MySuper products and other products to be specified in regulations; make amendments contingent on the commencement of the

  Treasury Laws Amendment (Self Managed Superannuation Funds) Act 2021

  , when enacted, and

  Family Law Amendment (Western Australia De Facto Superannuation Splitting and Bankruptcy) Act 2020

  , when enacted; require trustees of registrable superannuation entities and self managed superannuation funds and directors of the corporate trustee of a registrable superannuation entity to perform their duties and exercise their powers in the best financial interests of the beneficiaries; reverse the evidential burden of proof for the best financial interests duty so that the onus is on the trustee of a registrable superannuation entity; allow regulations to be made to prohibit certain payments made by trustees of registrable superannuation entities and prescribe additional requirements on trustees and directors of trustee companies of registrable superannuation entities; and allow contraventions of record-keeping obligations specified in regulations to be subject to a strict liability offence; and

  Corporations Act 2001

  to remove an exemption from disclosing information about certain investments under the portfolio holdings disclosure rules. 

  Bill | Explanatory Memorandum

• Treasury Laws Amendment (Your Superannuation, Your Choice) Bill 2019

  Track (What's this?)

  Date

  27 Nov 2019 

  Chamber

  House of Representatives 

  Status

  Act 

  Portfolio

  Treasury 

  Summary

  Amends the

  Superannuation Guarantee (Administration) Act 1992

  to provide that employees under workplace determinations or enterprise agreements have the right to choose their superannuation fund. 

  Bill | Explanatory Memorandum