Treasury Laws Amendment (Cost of Living Tax Cuts) Bill 2024

Type
Government
Portfolio
Treasury
Originating house
House of Representatives
Status
Act
Parliament no
47

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Summary

Introduced with the Treasury Laws Amendment (Cost of Living—Medicare Levy) Bill 2024, the bill amends the Income Tax Rates Act 1986 to modify income tax rate thresholds and tax rates for individuals for the 2024-25 and later financial years.

Progress

House of Representatives
Introduced and read a first time 06 Feb 2024
Second reading moved 06 Feb 2024
Second reading debate 07 Feb 2024
Second reading debate 08 Feb 2024
Second reading debate 12 Feb 2024
Second reading debate 13 Feb 2024
Second reading debate 14 Feb 2024
Second reading agreed to 15 Feb 2024
Consideration in detail debate 15 Feb 2024
Third reading agreed to 15 Feb 2024
Senate
Introduced and read a first time 26 Feb 2024
Second reading moved 26 Feb 2024
Second reading debate 26 Feb 2024
Second reading debate 27 Feb 2024
Second reading agreed to 27 Feb 2024
Committee of the Whole debate 27 Feb 2024
Third reading agreed to 27 Feb 2024
Finally passed both Houses 27 Feb 2024
Assent
  • Act no: 3
  • Year: 2024
05 Mar 2024

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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