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TOTAL RESULTS: 741

• Tax Laws Amendment (Special Conditions for Not-for-profit Concessions) Bill 2012

  Track (What's this?)

  Date

  23 Aug 2012 

  Chamber

  House of Representatives 

  Status

  Not Proceeding 

  Portfolio

  Treasury 

  Summary

  Amends taxation legislation to: restate the ‘in Australia’ special conditions for income tax exempt entities, ensuring that they generally must be operated principally in Australia and for the broad benefit of the Australian community; standardise the other special conditions entities must meet to be income tax exempt; standardise the term ‘not-for-profit’; and codify the ‘in Australia’ special conditions for deductible gift recipients ensuring that they must generally operate solely in Australia, and pursue their purposes solely in Australia (with some exceptions, such as overseas aid funds and some environmental organisations). 

  Bill | Explanatory Memorandum

• Tax Laws Amendment (2012 Measures No. 4) Bill 2012

  Track (What's this?)

  Date

  28 Jun 2012 

  Chamber

  House of Representatives 

  Status

  Act 

  Portfolio

  Treasury 

  Summary

  Amends the:

  Fringe Benefits Tax Assessment Act 1986

  to limit the concessional tax treatment of living-away-from-home allowances and benefits to certain employees for a maximum period of 12 months;

  A New Tax System (Goods and Services Tax) Act 1999

  to clarify the goods and services tax consequences when a representative of an incapacitated entity is a creditor of that entity; and

  Tax Laws Amendment (2012 Measures No. 2) Act 2012

  in relation to consolidation events so that no interest is payable if an overpayment of income tax arises because of a deduction under the pre-rules and no shortfall interest or administrative penalty is payable if additional tax becomes payable under the pre-rules or interim rules. 

  Bill | Explanatory Memorandum

• Transport Safety Investigation Amendment Bill 2012

  Track (What's this?)

  Date

  27 Jun 2012 

  Chamber

  House of Representatives 

  Status

  Act 

  Portfolio

  Infrastructure and Transport 

  Summary

  Amends the

  Transport Safety Investigation Act 2003

  to: provide state and territory government ministers, who have a responsibility for rail transport, with a power to request the Australian Transport Safety Bureau (ATSB) to conduct certain investigations in their jurisdiction; clarify the ATSB’s capacity to conduct investigations within, or to or from, a Commonwealth territory; and provide that certain information obtained or generated by the ATSB may be disclosed under certain circumstances. 

  Bill | Explanatory Memorandum

• Tax Laws Amendment (Investment Manager Regime) Bill 2012

  Track (What's this?)

  Date

  21 Jun 2012 

  Chamber

  House of Representatives 

  Status

  Act 

  Portfolio

  Treasury 

  Summary

  Amends the:

  Income Tax Assessment Act 1997

  to prescribe the tax treatment of returns, gains, losses and deductions on certain investments of widely held foreign funds;

  Income Tax (Transitional Provisions) Act 1997

  to clarify the tax treatment of returns, gains, losses and deductions on certain investments of widely held foreign funds for the 2010-11 and earlier income years where the fund has not lodged a tax return or had an assessment made of their income tax liability; and proposed

  Tax Laws Amendment (Cross-Border Transfer Pricing) Act (No. 1) 2012

  to make consequential amendments. 

  Bill | Explanatory Memorandum

• Tax Laws Amendment (Managed Investment Trust Withholding Tax) Bill 2012

  Track (What's this?)

  Date

  21 Jun 2012 

  Chamber

  House of Representatives 

  Status

  Act 

  Portfolio

  Treasury 

  Summary

  Part of a package of two bills in relation to the managed investment trust (MIT) withholding tax, the bill amends the

  Taxation Administration Act 1953

  to make consequential amendments to give effect to the increase in the MIT final withholding tax rate imposed by the proposed

  Income Tax (Managed Investment Trust Withholding Tax) Amendment Act 2012

  . 

  Bill | Explanatory Memorandum

• Tax Laws Amendment (2012 Measures No. 2) Bill 2012

  Track (What's this?)

  Date

  24 May 2012 

  Chamber

  House of Representatives 

  Status

  Act 

  Portfolio

  Treasury 

  Summary

  Introduced with the Pay As You Go Withholding Non-compliance Tax Bill 2012, the bill amends the:

  Taxation Administration Act 1953

  and four other Acts to: extend the director penalty regime so that directors are personally responsible for their company’s unpaid superannuation guarantee amounts; make directors and their associates liable to pay as you go (PAYG) withholding non-compliance tax in certain circumstances; and ensure that directors cannot discharge their director penalties by placing their company into administration or liquidation when PAYG withholding or superannuation guarantee remains unpaid and unreported three months after the due date;

  Income Tax Assessment Act 1997

  and

  Tax Laws Amendment (Taxation of Financial Arrangements) Act 2009

  in relation to the taxation of financial arrangements consolidation interaction; and

  Income Tax Assessment Act 1997

  to modify the consolidation tax cost setting rules and rights to future income rules. 

  Bill | Explanatory Memorandum

• Tax Laws Amendment (2012 Measures No. 3) Bill 2012

  Track (What's this?)

  Date

  24 May 2012 

  Chamber

  House of Representatives 

  Status

  Act 

  Portfolio

  Treasury 

  Summary

  Part of a package of three bills in relation to the Seasonal Labour Mobility Program and other taxation matters, the bill amends the:

  Income Tax Assessment Act 1936

  ,

  Income Tax Assessment Act 1997

  ,

  Income Tax (Transitional Provisions) Act 1997

  and

  Taxation Administration Act 1953

  to apply a new final withholding tax to income derived by non-resident workers participating in the Seasonal Labour Mobility Program;

  Excise Act 1901

  and

  Excise Tariff Act 1921

  to specify the circumstances where blending the same types of gaseous fuels or the same types of aviation fuels, which have been taxed at different rates, are not treated as excise manufacture and are therefore subject to additional duty;

  Income Tax Assessment Act 1936

  to retrospectively clarify that trust beneficiaries who are minors cannot receive the low income tax offset for unearned income earned through trust distributions; and

  Income Tax Assessment Act 1997

  to: provide income tax exemptions for clean energy payments made to recipients of payments made under certain schemes; and make the employment termination payment tax offset dependent on an individual’s total taxable income. 

  Bill | Explanatory Memorandum

• Tax Laws Amendment (Cross-Border Transfer Pricing) Bill (No. 1) 2012

  Track (What's this?)

  Date

  24 May 2012 

  Chamber

  House of Representatives 

  Status

  Act 

  Portfolio

  Treasury 

  Summary

  Amends the:

  Income Tax Assessment Act 1997

  ,

  Income Tax (Transitional Provisions) Act 1997

  and

  Taxation Administration Act 1953

  to retrospectively: clarify that the internationally consistent transfer pricing rules contained in Australia’s tax treaties and incorporated into Australian law provide assessment authority to address treaty related transfer pricing; and ensure that the tax treaty transfer pricing rules are applied in a manner consistent with the relevant Organisation for Economic Co-operation and Development guidance material; and

  Income Tax Assessment Act 1936

  to make consequential amendments. 

  Bill | Explanatory Memorandum

• Tax Laws Amendment (Income Tax Rates) Bill 2012

  Track (What's this?)

  Date

  24 May 2012 

  Chamber

  House of Representatives 

  Status

  Act 

  Portfolio

  Treasury 

  Summary

  Part of a package of three bills in relation to the Seasonal Labour Mobility Program and other taxation matters, the bill amends the

  Income Tax Rates Act 1986

  to merge the first two personal marginal tax rate thresholds for non-resident workers into a single threshold and align the rate for this new threshold with the second marginal tax rate for resident workers. 

  Bill | Explanatory Memorandum

• Tax Laws Amendment (Medicare Levy and Medicare Levy Surcharge) Bill 2012

  Track (What's this?)

  Date

  10 May 2012 

  Chamber

  House of Representatives 

  Status

  Act 

  Portfolio

  Treasury 

  Summary

  Amends the

  A New Tax System (Medicare Levy Surcharge—Fringe Benefits) Act 1999

  and

  Medicare Levy Act 1986

  to: increase the Medicare levy and Medicare levy surcharge low-income threshold amounts for individuals, families and pensioners below pension age; and increase the phase-in limits as a result of the increased threshold amounts. Also makes consequential amendments to the

  Clean Energy (Tax Laws Amendments) Act 2011

  . 

  Bill | Explanatory Memorandum