Treasury Legislation Amendment (Repeal Day 2015) Bill 2016

Previous Citations
  • Treasury Legislation Amendment (Repeal Day 2015) Bill 2015
Type
Government
Portfolio
Treasury
Originating house
House of Representatives
Status
Not Proceeding
Parliament no
44

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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.

Progress

House of Representatives
Introduced and read a first time 12 Nov 2015
Second reading moved 12 Nov 2015
Second reading debate 01 Dec 2015
Second reading debate 16 Mar 2016
Second reading agreed to 16 Mar 2016
Consideration in detail debate
  • Amendment details: 2 Opposition agreed to
16 Mar 2016
Third reading agreed to 16 Mar 2016
Senate
Introduced and read a first time 16 Mar 2016
Second reading moved 16 Mar 2016
Lapsed at prorogation 17 Apr 2016

Documents and transcripts

Text of bill

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Explanatory memoranda

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Proposed amendments

House of representatives

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Schedules of amendments

No documents at present

Bills digest

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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.