Treasury Laws Amendment (Refining and Improving Our Tax System) Bill 2023

Originating house
House of Representatives
Before Senate
Parliament no

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Amends the: International Tax Agreements Act 1953 to: give legislative authority to the Convention between Australia and Iceland for the elimination of double taxation with respect to taxes on income and the prevention of tax evasion and avoidance; and make minor amendments to update various notes; Income Tax Assessment Act 1997 to: exempt certain subsidiaries of the Future Fund Board from income tax and include them as entities eligible for a refund of a tax offset relating to a franked distribution; and transfer administration of three register deductible gift recipient categories and the Overseas Aid Gift Deduction Scheme to the Commissioner of Taxation; Customs Act 1901 and Excise Act 1901 to enable an eligible business entity liable for excise duty for excisable goods or customs duty for excise-equivalent goods, being fuel and alcohol, to align their excise returns and customs returns with the return period for other indirect taxes which are separately lodged through a business activity statement; Excise Act 1901 to provide that the repackaging of beer that would otherwise be excise manufacture is not taken to be the manufacture of beer if it meets certain requirements; and Income Tax Assessment Act 1997 and Taxation Administration Act 1953 to make consequential amendments.


House of Representatives
Introduced and read a first time 22 Mar 2023
Second reading moved 22 Mar 2023
Second reading debate 28 Mar 2023
Referred to Federation Chamber 28 Mar 2023
Second reading debate 29 Mar 2023
Second reading agreed to 29 Mar 2023
Reported from Federation Chamber 29 Mar 2023
Third reading agreed to 29 Mar 2023
Introduced and read a first time 30 Mar 2023
Second reading moved 30 Mar 2023

Documents and transcripts

Text of bill

Explanatory memoranda

Proposed amendments

No proposed amendments have been circulated.

Schedules of amendments

No documents at present


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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