Bookings to Parliament House are essential to comply with COVID-19 access requirements. All visitors will need to use the Check In CBR app.

Treasury Laws Amendment (2016 Measures No. 1) Bill 2016

Type
Government
Portfolio
Treasury
Originating house
House of Representatives
Status
Act
Parliament no
45

Track (What's this?)

Permalink

Summary

Amends the: Terrorism Insurance Act 2003 to clarify that losses attributable to terrorist attacks using chemical or biological means are covered by the terrorism insurance scheme; Corporations Act 2001 to: provide that employee share scheme disclosure documents lodged with the Australian Securities and Investments Commission are not made publicly available for certain start-up companies; and provide protection for retail client money and property held by financial services licensees in relation to over-the-counter derivative products; Income Tax Assessment Act 1997 to update the list of deductible gift recipients; and Income Tax Assessment Act 1936 and Income Tax Assessment Act 1997 to provide income tax relief to eligible New Zealand special category visa holders who are impacted by disasters in Australia.

Progress

House of Representatives
Introduced and read a first time 01 Dec 2016
Second reading moved 01 Dec 2016
Second reading debate 07 Feb 2017
Second reading debate 13 Feb 2017
Second reading agreed to 13 Feb 2017
Third reading agreed to 13 Feb 2017
Senate
Introduced and read a first time 14 Feb 2017
Second reading moved 14 Feb 2017
Second reading debate 27 Mar 2017
Second reading agreed to 27 Mar 2017
Third reading agreed to 27 Mar 2017
Finally passed both Houses 27 Mar 2017
Assent
  • Act no: 25
  • Year: 2017
04 Apr 2017

Documents and transcripts

Text of bill

Explanatory memoranda

Proposed amendments

No proposed amendments have been circulated.

Schedules of amendments

No documents at present

Bills digest

Notes

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.