Treasury Laws Amendment (International Tax Agreements) Bill 2019

Type
Government
Portfolio
Treasury
Originating house
House of Representatives
Status
Act
Parliament no
46

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Summary

Amends the International Tax Agreements Act 1953 to: give legislative authority to the Convention between the Government of Australia and the Government of the State of Israel for the elimination of double taxation with respect to taxes on income and the prevention of tax evasion and avoidance; and correct an incorrect cross reference to the specific source rule that applies in relation to an earlier agreement with Germany; and Income Tax Assessment Act 1997 to introduce a deemed source of income rule to ensure that Australia can exercise its taxing rights under the convention and future international tax agreements.

Progress

House of Representatives
Introduced and read a first time 19 Sep 2019
Second reading moved 19 Sep 2019
Second reading debate 24 Oct 2019
Second reading agreed to 24 Oct 2019
Third reading agreed to 24 Oct 2019
Senate
Introduced and read a first time 11 Nov 2019
Second reading moved 11 Nov 2019
Second reading debate 14 Nov 2019
Second reading agreed to 14 Nov 2019
Third reading agreed to 14 Nov 2019
Finally passed both Houses 14 Nov 2019
Assent
  • Act no: 107
  • Year: 2019
28 Nov 2019

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.

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