Treasury Laws Amendment (Accelerated Depreciation for Small Business Entities) Bill 2018

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

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Summary

Amends the Income Tax Assessment Act 1997 and Income Tax (Transitional Provisions) Act 1997 to extend by 12 months to 30 June 2019 the period during which small business entities can access expanded accelerated depreciation rules.

Progress

House of Representatives
Introduced and read a first time 24 May 2018
Second reading moved 24 May 2018
Second reading debate 19 Jun 2018
Second reading agreed to 19 Jun 2018
Consideration in detail debate 19 Jun 2018
Third reading agreed to 19 Jun 2018
Senate
Introduced and read a first time 25 Jun 2018
Second reading moved 25 Jun 2018
Second reading debate 11 Sep 2018
Second reading agreed to 11 Sep 2018
Committee of the Whole debate 11 Sep 2018
Committee of the Whole debate 12 Sep 2018
Third reading agreed to 12 Sep 2018
Finally passed both Houses 12 Sep 2018
Assent
  • Act no: 109
  • Year: 2018
21 Sep 2018

Documents and transcripts

Text of bill

Explanatory memoranda

Proposed amendments

House of representatives

Senate

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.

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