Assented Bills of the current Parliament

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TOTAL RESULTS: 170

  • Date
    07 Oct 2020 
    Chamber
    House of Representatives 
    Status
    Act 
    Portfolio
    Treasury 
    Summary
    Amends: the
    Income Tax Rates Act 1986
    to: bring forward, to the 2020-21 financial year, the increases to certain income tax thresholds; the
    Income Tax Assessment Act 1936
    ,
    Income Tax Assessment Act 1997
    and
    Taxation Administration Act 1953
    to bring forward, to the 2020-21 financial year, the increase in the amount of the low income tax offset to $700; the
    Income Tax Assessment Act 1997
    to: retain the low and middle income tax offset for the 2020-21 financial year; enable corporate tax entities with an aggregated turnover of less than $5 billion to carry back a tax loss for the 2019-20, 2020-21 or 2021-22 financial years and apply it against tax paid in a previous financial year back to the 2018-19 financial year; and extend the concept of tax benefits in the general anti-avoidance rule in Part IVA of the
    Income Tax Assessment Act 1936
    to include the research and development (R&D) tax offset; the
    Income Tax Assessment Act 1936
    to provide that the income tax general anti-avoidance rule applies to schemes entered into for the purpose of obtaining a low carry back tax offset; seven Acts to enable eligible entities with an aggregated turnover of $10 million or more and less than $50 million to access certain small business entity tax concessions;
    Income Tax Assessment Act 1997
    and
    Tax Laws Amendment (Research and Development) Act 2015
    to: permanently increase the R&D expenditure threshold from $100 million to $150 million; link the R&D tax offset for refundable R&D tax offset claimants to claimants' corporate tax rates plus an 18.5 percentage point premium; and increase the R&D tax incentive for larger R&D entities with high levels of R&D intensity;
    Income Tax Assessment Act 1997
    ,
    Income Tax Rates Act 1986
    and
    Income Tax (Transitional Provisions) Act 1997
    to: remake and consolidate provisions relating to clawback of R&D recoupments and feedstock adjustments; introduce a new uniform clawback rule that applies for recoupments, feedstock adjustments and balancing adjustment amounts that are included in an R&D entity's assessable income; and introduce a new catch-up rule for R&D assets;
    Taxation Administration Act 1953
    to require the Commissioner of Taxation to publish information about the R&D activities of R&D entities claiming the R&D tax offset;
    Industry Research and Development Act 1986
    to: provide for the Board of Innovation and Science Australia (ISA) to make a determination, by notifiable instrument, about how it will exercise its powers and perform its functions and duties; and expand the existing power of the Board of ISA and its committees to delegate some or all of their functions to include certain members of the Australian Public Service; the Industry Research and Development Decision-making Principles 2011 to impose a three-month limit on the Board of ISA's ability to grant an extension of time;
    Income Tax (Transitional Provisions) Act 1997
    to enable businesses with an aggregated turnover of less than $5 billion to deduct the full cost of eligible depreciating assets that are first held, and first used or installed ready for use for a taxable purpose, between the 2020 budget time and 30 June 2022; and
    Income Tax Assessment Act 1997
    and
    Income Tax (Transitional Provisions) Act 1997
    to extend the time by which assets that qualify for the enhanced instant asset write-off must be first used or installed ready for use for a taxable purpose until 30 June 2021. 

    Bill | Explanatory Memorandum

  • Date
    26 Aug 2020 
    Chamber
    House of Representatives 
    Status
    Act 
    Portfolio
    Treasury 
    Summary
    Amends the:
    Coronavirus Economic Package (Payments and Benefits) Act 2020
    to enable the extension of the jobkeeper scheme to 28 March 2021 by extending the current time limit on payment rules authorised by the Act;
    Taxation Administration Act 1953
    to extend the circumstances in which protected information can be disclosed;
    Coronavirus Economic Response Package Omnibus (Measures No. 2) Act 2020
    and
    Fair Work Act 2009
    to: support the extended operation of the jobkeeper scheme; and make consequential amendments; and
    Fair Work Act 2009
    to ensure provisions regarding agreements in relation to the taking of annual leave are repealed on 28 September 2020, as originally intended. 

    Bill | Explanatory Memorandum

  • Date
    12 Jun 2020 
    Chamber
    House of Representatives 
    Status
    Act 
    Portfolio
    Health 
    Summary
    Amends the
    Health Insurance Act 1973
    to: continue the Office of the National Rural Health Commissioner beyond 1 July 2020; and amend the functions of the office. 

    Bill | Explanatory Memorandum

  • Date
    12 Jun 2020 
    Chamber
    House of Representatives 
    Status
    Act 
    Portfolio
    Treasury 
    Summary
    Amends the:
    International Monetary Agreements Act 1947
    to: enable Australia to enter into loan agreements with the International Monetary Fund (IMF); enable Australia to meet its funding obligations under any such agreements, as well as under the existing New Arrangements to Borrow with the IMF; and enable Australia to continue to enter into agreements with other countries to provide them with financial assistance in support of a program of the IMF;
    Income Tax Assessment Act 1997
    to update the list of deductible gift recipients to include three new entities;
    Income Tax Assessment Act 1997
    and Income Tax (Transitional Provisions) Act 1997 to: extend the $150 000 instant asset write-off for a further six months until 31 December 2020; and adjust the criteria for access to the instant asset write-off for businesses that have adopted a substituted accounting period;
    Taxation Administration Act 1953
    to reduce the gross domestic product adjustment factor for the 2020-21 financial year to nil; and
    Boosting Cash Flow for Employers (Coronavirus Economic Response Package) Act 2020
    to clarify that the payments for which an entity can receive a cash flow boost payment include amounts that are subject to withholding under the special withholding obligations applying to certain personal service income payments. 

    Bill | Explanatory Memorandum

  • Date
    11 Jun 2020 
    Chamber
    House of Representatives 
    Status
    Act 
    Portfolio
    Education, Skills and Employment 
    Summary
    Amends the
    Higher Education Support Act 2003
    to: require students commencing from 1 January 2021, and all students from 1 January 2023, to have a unique student identifier (USI) in order to be eligible for Commonwealth assistance; provide that a student's HELP balances is taken to be reduced immediately after the census date for HECS-HELP, FEE-HELP, VET FEE-HELP assistance, and immediately after the census day for vocational education and training (VET) student loans; provide undergraduate students seeking FEE-HELP loans with an exemption from the requirement to pay the 25 per cent loan fee for units of study with census dates from 1 April to 30 September 2020; and make minor and technical amendments; and
    VET Student Loans Act 2016
    to require that all applications for VET student loans made on or after 1 January 2021 must include the student's USI. Also validates certain HELP loans and VET student loans by enabling the secretary to determine certain students who, due to having more than one Commonwealth Higher Education Student Support Number, have exceeded the HELP loan limit, and allow these students to repay the resulting excess debt amounts through the taxation system. 

    Bill | Explanatory Memorandum

  • Date
    14 May 2020 
    Chamber
    House of Representatives 
    Status
    Act 
    Portfolio
    Treasury 
    Summary
    Introduced with the Product Stewardship (Oil) Amendment Bill 2020 in response to the Federal Court's decision in
    Caltex Australia Petroleum Pty Ltd v Commissioner of Taxation
    [2019] FCA 1849, the bill amends the
    Excise Tariff Act 1921
    to narrow the scope of petroleum-based oils and synthetic equivalents for which excise duties are imposed for the purposes of the Product Stewardship for Oil Scheme to exclude diesel and other fuels. 

    Bill | Explanatory Memorandum

  • Date
    14 May 2020 
    Chamber
    House of Representatives 
    Status
    Act 
    Portfolio
    Agriculture, Water and the Environment 
    Summary
    Amends the
    Great Barrier Reef Marine Park Act 1975
    to waive the requirement for permission holders to remit the environmental management charge to the Great Barrier Reef Marine Park Authority for the period 1 January to 31 March 2020. 

    Bill | Explanatory Memorandum

  • Date
    14 May 2020 
    Chamber
    House of Representatives 
    Status
    Act 
    Portfolio
    Education, Skills and Employment 
    Summary
    Establishes the office of the National Skills Commissioner to provide advice and collect, analyse, share and publish data on Australia’s workforce skills needs, efficient prices for vocational education and training (VET) courses, the public and private return on government investment in VET and other matters relating to the VET system. 

    Bill | Explanatory Memorandum

  • Date
    14 May 2020 
    Chamber
    House of Representatives 
    Status
    Act 
    Portfolio
    Environment 
    Summary
    Introduced with the Excise Tariff Amendment Bill 2020 in response to the Federal Court's decision in
    Caltex Australia Petroleum Pty Ltd v Commissioner of Taxation
    [2019] FCA 1849, the bill amends the
    Product Stewardship (Oil) Act 2000
    to amend the definition of 'oils' to apply only to lubricant oils, fluid oils and other oils and greases manufactured from base oils. 

    Bill | Explanatory Memorandum

  • Date
    13 May 2020 
    Chamber
    House of Representatives 
    Status
    Act 
    Portfolio
    Indigenous Australians 
    Summary
    Amends the:
    Aboriginal Land Rights (Northern Territory) Act 1976
    to: remove the requirement that the term of the Jabiru township lease be 99 years to allow for a shorter term between 40 and 99 years; remove the requirement that the initial grant of the township lease can only be to the Commonwealth; clarify that the new township lease will not automatically extend the term of existing Jabiru subleases beyond the term of the current town head lease; and remove redundant Jabiru-specific leasing provisions; and
    Environment Protection and Biodiversity Conservation Act 1999
    to make a minor consequential amendment. 

    Bill | Explanatory Memorandum

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.

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