Tax Laws Amendment (Research and Development) Bill 2010

Originating house
House of Representatives
Not Proceeding
Parliament no

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Introduced with the Income Tax Rates Amendment (Research and Development) Bill 2010, the bill amends the: Income Tax Assessment Act 1997 to replace the existing research and development (R&D) tax concession with a 45 per cent refundable R&D tax offset for eligible entities with a turnover of less than $20 million, and a non-refundable 40 per cent R&D tax offset for all other eligible entities; Industry Research and Development Act 1986 to set out the role of Innovation Australia in relation to the administration of the R&D tax offset; and Income Tax Assessment Act 1936, Income Tax Assessment Act 1997, Income Tax (Transitional Provisions) Act 1997 and Taxation Administration Act 1953 to make consequential amendments. Also contains application, savings and transitional provisions.


House of Representatives
Introduced and read a first time 13 May 2010
Second reading moved 13 May 2010
Second reading debate 17 Jun 2010
Second reading agreed to 17 Jun 2010
Third reading agreed to 17 Jun 2010
Introduced and read a first time 21 Jun 2010
Second reading moved 21 Jun 2010
Lapsed at end of Parliament 28 Sep 2010

Documents and transcripts

Text of bill

Explanatory memoranda

Proposed amendments


Schedules of amendments

No documents at present

Bills digest


Helpful information

Text of bill

  • First reading: Text of the bill as introduced into the Parliament
  • Third reading: Prepared if the bill is amended by the house in which it was introduced. This version of the bill is then considered by the second house.
  • As passed by both houses: Final text of bill agreed to by both the House of Representatives and the Senate which is presented to the Governor-General for assent.

Explanatory memoranda

  • Explanatory memorandum: Accompanies and provides an explanation of the content of the introduced version (first reading) of the bill.
  • Supplementary explanatory memorandum: Accompanies and explains amendments proposed by the government to the bill.
  • Revised explanatory memorandum: Accompanies and explains the amended version (third reading) of the bill. It supersedes the explanatory memorandum.

Proposed amendments

Circulated by members and senators when they propose to make changes to the bill. For details about the outcome of proposed amendments please refer to either the Votes and Proceedings (House of Representatives) or the Journals (Senate).

Schedules of amendments

Schedules of amendments list amendments agreed to by the second house are communicated to the first house for consideration. Subsequent action by either house may also be included in a schedule.

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