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TOTAL RESULTS: 741

• Treasury Laws Amendment (GST Integrity) Bill 2017

  Track (What's this?)

  Date

  01 Jun 2017 

  Chamber

  House of Representatives 

  Status

  Act 

  Portfolio

  Treasury 

  Summary

  Amends the

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

  to: introduce a reverse charge for business to business transactions between suppliers and purchasers of gold, silver and platinum to remove the opportunity for a supplier to avoid paying goods and services tax (GST) by liquidating; and ensure that entities cannot exploit the special GST treatment for second-hand goods to claim input tax credits by changing the form of a precious metal. 

  Bill | Explanatory Memorandum

• Treasury Laws Amendment (Major Bank Levy) Bill 2017

  Track (What's this?)

  Date

  30 May 2017 

  Chamber

  House of Representatives 

  Status

  Act 

  Portfolio

  Treasury 

  Summary

  Introduced with the Major Bank Levy Bill 2017, the bill amends the:

  Australian Prudential Regulation Authority Act 1998

  to enable the Australian Prudential Regulation Authority (APRA) to share major bank levy information with the Commissioner of Taxation;

  Financial Sector (Collection of Data) Act 2001

  to enable the APRA reporting standards to include information relating to amounts for the purposes of the levy;

  Income Tax Assessment Act 1997

  to provide for the indexation of the $100 billion threshold; and

  Taxation Administration Act 1953

  to: specify that the levy is payable to the commissioner quarterly; ensure that the ordinary collection and recovery provisions apply in relation to the levy; introduce an anti-avoidance law for the levy; and enable the commissioner to share levy information with APRA. 

  Bill | Explanatory Memorandum

• Treasury Laws Amendment (2017 Measures No. 2) Bill 2017

  Track (What's this?)

  Date

  25 May 2017 

  Chamber

  House of Representatives 

  Status

  Act 

  Portfolio

  Treasury 

  Summary

  Amends: six Acts to make amendments arising out of the enactment of the

  Treasury Laws Amendment (Fair and Sustainable Superannuation) Act 2016

  in relation to: the transfer balance cap; concessional and non-concessional contributions; limited recourse borrowing arrangements; objective of superannuation; transition to retirement income streams; capital gains tax relief for superannuation funds; and administrative processes; the

  Bankruptcy Act 1966

  and

  Corporations Act 2001

  to enable a single approval to cover a profit or advantage received by an external administrator or trustee even when the benefit is passed on to multiple related entitles; and the

  Corporations Act 2001

  to: ensure that annual and end-of-control returns by controllers are included on the Australian Securities and Investments Commission’s public register; and make technical amendments. 

  Bill | Explanatory Memorandum

• Treasury Laws Amendment (Accelerated Depreciation For Small Business Entities) Bill 2017

  Track (What's this?)

  Date

  25 May 2017 

  Chamber

  House of Representatives 

  Status

  Act 

  Portfolio

  Treasury 

  Summary

  Amends the

  Income Tax Assessment Act 1997

  ,

  Income Tax (Transitional Provisions) Act 1997

  and

  Tax Laws Amendment (Small Business Measures No. 2) Act 2015

  to extend by 12 months to 30 June 2018 the period during which small business entities can access expanded accelerated depreciation rules. 

  Bill | Explanatory Memorandum

• Treasury Laws Amendment (Medicare Levy and Medicare Levy Surcharge) Bill 2017

  Track (What's this?)

  Date

  24 May 2017 

  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 individual taxpayers and families eligible for the seniors and pensioners tax offset; and increase the phase-in limits as a result of the increased threshold amounts. 

  Bill | Explanatory Memorandum

• Treasury Laws Amendment (Enterprise Tax Plan No. 2) Bill 2017

  Track (What's this?)

  Date

  11 May 2017 

  Chamber

  House of Representatives 

  Status

  Not Proceeding 

  Portfolio

  Treasury 

  Summary

  Further to the

  Treasury Laws Amendment (Enterprise Tax Plan) Act 2017

  , the bill amends the:

  Income Tax Rates Act 1986

  to: progressively extend the lower 27.5 per cent corporate tax rate to all corporate tax entities by the 2023-24 financial year; and further reduce the corporate tax rate in stages so that by the 2026 27 financial year, the corporate tax rate for all entities will be 25 per cent; and

  Income Tax Assessment Act 1936

  ,

  Income Tax Assessment Act 1997

  ,

  Treasury Laws Amendment (Combating Multinational Tax Avoidance) Act 2017

  and

  Treasury Laws Amendment (Enterprise Tax Plan) Act 2017

  to make consequential amendments. 

  Bill | Explanatory Memorandum

• Treasury Laws Amendment (2017 Enterprise Incentives No. 1) Bill 2017

  Track (What's this?)

  Date

  30 Mar 2017 

  Chamber

  House of Representatives 

  Status

  Act 

  Portfolio

  Treasury 

  Summary

  Amends the:

  Income Tax Assessment Act 1936

  and

  Income Tax Assessment Act 1997

  to: supplement the ‘same business test’ with a ‘similar business test’ for the purposes of working out whether a company’s tax losses and net capital losses from previous income years can be used as a tax deduction in a current income year; and make consequential amendments; and

  Income Tax Assessment Act 1997

  to provide taxpayers with the choice to self-assess the effective life of certain intangible depreciating assets they start to hold on or after 1 July 2016. 

  Bill | Explanatory Memorandum

• Treasury Laws Amendment (2017 Measures No. 1) Bill 2017

  Track (What's this?)

  Date

  16 Feb 2017 

  Chamber

  House of Representatives 

  Status

  Act 

  Portfolio

  Treasury 

  Summary

  Amends the:

  Income Tax Assessment Act 1997

  to ensure that investors who invest through an interposed trust are able to access the capital gain concessions provided by the tax incentives for early stage investors and venture capital investment measures; and

  Australian Securities and Investments Commission Act 2001

  to specify that the sharing of confidential information by the Australian Securities and Investments Commission with the Commissioner of Taxation is authorised use and disclosure of that information. 

  Bill | Explanatory Memorandum

• Treasury Laws Amendment (GST Low Value Goods) Bill 2017

  Track (What's this?)

  Date

  16 Feb 2017 

  Chamber

  House of Representatives 

  Status

  Act 

  Portfolio

  Treasury 

  Summary

  Amends the:

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

  to ensure that goods and services tax is payable on certain supplies of low value goods that are purchased by consumers and are imported into Australia; and

  Taxation Administration Act 1953

  to broaden administrative penalties for making false or misleading statements. 

  Bill | Explanatory Memorandum

• Treasury Laws Amendment (Working Holiday Maker Employer Register) Bill 2017

  Track (What's this?)

  Date

  16 Feb 2017 

  Chamber

  House of Representatives 

  Status

  Act 

  Portfolio

  Treasury 

  Summary

  Amends the:

  A New Tax System (Australian Business Number) Act 1999

  to ensure that working holiday maker employer registration information is not publicly released; and

  Taxation Administration Act 1953

  to restrict the ability of the Commissioner of Taxation to provide certain protected information to the Fair Work Ombudsman. 

  Bill | Explanatory Memorandum