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TOTAL RESULTS: 741

• Treasury Laws Amendment (2022 Measures No. 1) Bill 2022

  Track (What's this?)

  Date

  27 Jul 2022 

  Chamber

  House of Representatives 

  Status

  Act 

  Portfolio

  Treasury 

  Summary

  Amends the:

  Income Tax Assessment Act 1997

  to provide an income tax exemption for certain recovery grants made to small businesses and primary producers impacted by Cyclone Seroja in April 2021;

  Treasury Laws Amendment (Putting Consumers First—Establishment of the Australian Financial Complaints Authority) Act 2018

  to facilitate the closure and transitional arrangements associated with the Australian Financial Complaints Authority (AFCA) replacing the Superannuation Complaints Tribunal (SCT);

  Income Tax Assessment Act 1936

  and

  Income Tax Assessment Act 1997

  to provide income tax and withholding tax exemptions for the International Federation of Association Football (FIFA) and its wholly owned subsidiary established for the purpose of delivering the 2023 FIFA Women's World Cup. Also makes minor and technical amendments to 12 Acts. 

  Bill | Explanatory Memorandum

• Treasury Laws Amendment (Electric Car Discount) Bill 2022

  Track (What's this?)

  Date

  27 Jul 2022 

  Chamber

  House of Representatives 

  Status

  Act 

  Portfolio

  Treasury 

  Summary

  Amends the

  Fringe Benefits Tax Assessment Act 1986

  to exempt from fringe benefits tax the use, or availability for use, of cars made available by employers to current employees that are zero or low emissions vehicles with a value at first retail sale below the luxury car tax threshold for fuel efficient vehicles. 

  Bill | Explanatory Memorandum

• Treasury Laws Amendment (Cost of Living Support and Other Measures) Bill 2022

  Track (What's this?)

  Date

  30 Mar 2022 

  Chamber

  House of Representatives 

  Status

  Act 

  Portfolio

  Treasury 

  Summary

  Introduced with the Excise Tariff Amendment (Cost of Living Support) Bill 2022 and Customs Tariff Amendment (Cost of Living Support) Bill 2022, the bill 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;

  Income Tax Assessment Act 1997

  to: provide an income tax deduction for taxpayers who incur relevant COVID-19 testing expenses in gaining or producing their assessable income; update the list of deductible gift recipients to include six new entities; and increase the low and middle income tax offset by $420 for the 2021-22 financial year;

  Corporations Act 2001

  to provide regulatory relief to allow businesses to create employee share schemes which they would otherwise be unable to operate due to requirements under the Act;

  Taxation Administration Act 1953

  to reduce the gross domestic product adjustment factor for the 2022-23 financial year to 2 per cent;

  National Health Act 1953

  to lower the Pharmaceutical Benefits Scheme safety net thresholds for concessional to 36 scripts and general to $1457.10 from 1 July 2022;

  Income Tax Assessment Act 1997

  ,

  Social Security Act 1991

  ,

  Social Security (Administration) Act 1999

  and

  Veterans' Entitlements Act 1986

  to provide for the payment of a cost of living payment of $250 to certain income support recipients, compensation payment recipients and concession card holders; and

  Product Stewardship (Oil) Regulations 2000

  to make consequential amendments. 

  Bill | Explanatory Memorandum

• Treasury Laws Amendment (Cyclone and Flood Damage Reinsurance Pool) Bill 2022

  Track (What's this?)

  Date

  09 Feb 2022 

  Chamber

  House of Representatives 

  Status

  Act 

  Portfolio

  Treasury 

  Summary

  Amends the:

  Terrorism Insurance Act 2003

  to: establish a framework for a cyclone and cyclone-related flood damage reinsurance pool by extending the operation of the terrorism reinsurance scheme administered by the Australian Reinsurance Pool Corporation (ARPC); and amend the title of the Act to the

  Terrorism and Cyclone Insurance Act 2003

  ; and

  Insurance Act 1973

  to create a civil penalty for insurers who do not reinsure eligible cyclone risks with the ARPC. 

  Bill | Explanatory Memorandum

• Treasury Laws Amendment (Enhancing Superannuation Outcomes For Australians and Helping Australian Businesses Invest) Bill 2021

  Track (What's this?)

  Date

  27 Oct 2021 

  Chamber

  House of Representatives 

  Status

  Act 

  Portfolio

  Treasury 

  Summary

  Amends the:

  Superannuation Guarantee (Administration) Act 1992

  to remove the $450-a-month threshold before an employee's salary or wages count towards the superannuation guarantee;

  Taxation Administration Act 1953

  to increase the limit on the maximum amount of voluntary contributions made over multiple financial years that are eligible to be released under the First Home Super Saver Scheme from $30 000 to $50 000;

  Income Tax Assessment Act 1997

  to: enable individuals aged 60 and above to make downsizer contributions to their superannuation plan from the proceeds of selling their home; apply the work test to individuals aged between 67 and 75 who claim a deduction for personal superannuation contributions and allow such individuals to make or receive non-concessional superannuation contributions under the bring forward rule; and enable superannuation trustees to choose their preferred method of calculating exempt current pension income when they have member interests in both accumulation and retirement phases for part, but not all, of the income year; and

  Income Tax (Transitional Provisions) Act 1997

  to extend the temporary full expensing regime to 30 June 2023. 

  Bill | Explanatory Memorandum

• Telstra Corporation and Other Legislation Amendment Bill 2021

  Track (What's this?)

  Date

  21 Oct 2021 

  Chamber

  House of Representatives 

  Status

  Act 

  Portfolio

  Communications, Urban Infrastructure, Cities and the Arts 

  Summary

  Amends: the

  Telecommunications Act 1997

  to: define Telstra successor companies and designated Telstra successor entities and replace references to Telstra with references to the successor entities; allow the Minister and Australian Communications and Media Authority to make determinations relating to the designated successor entities; and make technical and consequential amendments; Telstra Corporation Act 2001 to extend existing regulations relating to the operation and ownership of Telstra to its successor entities; the

  Competition and Consumer Act 2010

  to: extend existing regulations relating to the operation and ownership of Telstra to its successor entities; and make consequential amendments; the

  Telecommunications (Consumer Protection and Service Standards) Act 1999

  to: extend the Minister's powers to impose service provider obligations to Telstra's successor entities and retail price controls on each successor entity; and make consequential technical amendments; and amends three regulations, four determinations and a code of access in relation to ownership of Telstra shares, access to telecommunications infrastructure, carrier licence conditions, emergency call persons and services, real estate development exemptions, arbitration and sunsetting. 

  Bill | Explanatory Memorandum

• Treasury Laws Amendment (Laminaria and Corallina Decommissioning Cost Recovery Levy) Bill 2021

  Track (What's this?)

  Date

  20 Oct 2021 

  Chamber

  House of Representatives 

  Status

  Act 

  Portfolio

  Treasury 

  Summary

  Introduced with the Offshore Petroleum (Laminaria and Corallina Decommissioning Cost Recovery Levy) Bill 2021, the bill amends the

  Income Tax Assessment Act 1997

  ,

  Petroleum Resource Rent Tax Assessment Act 1987

  and

  Taxation Administration Act 1953

  to specify certain administrative features relating to the Laminaria and Corallina decommissioning levy, including the requirement that the levy is payable to the Commissioner of Taxation annually. 

  Bill | Explanatory Memorandum

• Territories Stolen Generations Redress Scheme (Consequential Amendments) Bill 2021

  Track (What's this?)

  Date

  26 Aug 2021 

  Chamber

  House of Representatives 

  Status

  Act 

  Portfolio

  Indigenous Australians 

  Summary

  Introduced with the Territories Stolen Generations Redress Scheme (Facilitation) Bill 2021 to facilitate the implementation of certain aspects of the Territories Stolen Generations Redress Scheme, the bill amends the:

  Income Tax Assessment Act 1997

  to provide that redress payments are exempt from income tax;

  Bankruptcy Act 1966

  to provide that redress payments are not available to creditors of recipients for the purposes of recovering money under bankruptcy proceedings;

  Social Security Act 1991

  and

  Veterans' Entitlements Act 1986

  to ensure that redress payments do not count as income for the purposes of any income support payments; and

  Social Security (Administration) Act 1999

  to authorise the use of protected information. 

  Bill | Explanatory Memorandum

• Territories Stolen Generations Redress Scheme (Facilitation) Bill 2021

  Track (What's this?)

  Date

  26 Aug 2021 

  Chamber

  House of Representatives 

  Status

  Act 

  Portfolio

  Indigenous Australians 

  Summary

  Introduced with the Territories Stolen Generations Redress Scheme (Consequential Amendments) Bill 2021 to facilitate the implementation of certain aspects of the Territories Stolen Generations Redress Scheme, the bill: provides that the receipt of a redress payment does not affect a person's eligibility for any pension, benefit, payment or service under a law of the Commonwealth or require the repayment of an amount to the Commonwealth; and provides that the redress payment cannot be transferred to another person, either by voluntary act or by operation of law. 

  Bill | Explanatory Memorandum

• Treasury Laws Amendment (2021 Measures No. 6) Bill 2021

  Track (What's this?)

  Date

  11 Aug 2021 

  Chamber

  House of Representatives 

  Status

  Act 

  Portfolio

  Treasury 

  Summary

  Amends the:

  Income Tax Assessment Act 1997

  to: make refunds of large-scale generation shortfall charges exempt from income tax; and remove the requirement for superannuation trustees to provide an actuarial certificate when calculating exempt current pension income using the proportionate method, where all members of the fund are fully in the retirement phase for all of the income year;

  Competition and Consumer Act 2010

  to: increase the maximum amount of penalty units that can be included in regulations that prescribe an industry code from 300 to 600 penalty units; clarify that if regulations prescribe an industry code, the industry code may confer on a person or body functions and powers in relation to the code; and

  Family Law Act 1975

  and

  Taxation Administration Act 1953

  to create an information sharing mechanism to allow the family law courts to access certain superannuation information held by the Commissioner of Taxation for the purpose of permitting family law proceedings. 

  Bill | Explanatory Memorandum