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Treasury Laws Amendment (2020 Measures No. 2) Bill 2020

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

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Summary

Amends the: Income Tax Assessment Act 1997 to: amend the hybrid mismatch rules; introduce a general category of deductible gift recipient (DGR) for community sheds; and update the list of DGRs to include eight new entities; Taxation Administration Act 1953 to: broaden the amounts that employers can voluntarily report under the Single Touch Payroll rules to include employer withholding of child support deductions and child support garnishee amounts; and enable the disclosure of protected information, relating to the JobKeeper Scheme, to the Fair Work Commission and the Fair Work Ombudsman; Child Support (Assessment) Act 1989 and Child Support (Registration and Collection) Act 1988 to make consequential amendments; and International Finance Corporation Act 1955 and International Monetary Agreements Act 1947 to: establish frameworks under which Australia may enter into agreements with the International Bank for Reconstruction and Development and the International Finance Corporation of the World Bank Group to buy additional shares of their respective capital stocks; and authorise appropriations from the Consolidated Revenue Fund for the purposes of such payments.

Progress

Bill progress
House of Representatives
Introduced and read a first time 13 May 2020
Second reading moved 13 May 2020
Second reading agreed to 16 Jun 2020
Third reading agreed to 16 Jun 2020
Bill progress
Senate
Introduced and read a first time 17 Jun 2020
Second reading moved 17 Jun 2020
Second reading debate 17 Jun 2020
Second reading agreed to 17 Jun 2020
Committee of the Whole debate
  • Amendment details: 2 Centre Alliance agreed to
17 Jun 2020
Third reading agreed to 17 Jun 2020
Bill progress
House of Representatives
Consideration of Senate message
  • Details: House disagreed to Senate amendments
17 Jun 2020
Bill progress
Senate
Consideration of House of Reps message
  • Details: Senate insisted on its amendments
17 Jun 2020
Bill progress
House of Representatives
Consideration of Senate message
  • Details: House insisted on disagreeing to the amendments insisted on by the Senate
18 Jun 2020
Bill progress
Senate
Message from House of Reps reported 24 Aug 2020
Consideration of House of Reps message
  • Details: Senate does not again insist on its amendments
25 Aug 2020
Bill progress
Finally passed both Houses 25 Aug 2020
Assent
  • Act no: 79
  • Year: 2020
03 Sep 2020

Documents and transcripts

Text of bill

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Explanatory memoranda

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Proposed amendments

Senate

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Schedules of amendments

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Bills digest

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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.