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TOTAL RESULTS: 277

• Tax Laws Amendment (2011 Measures No. 5) Bill 2011

  Track (What's this?)

  Date

  02 Jun 2011 

  Chamber

  House of Representatives 

  Status

  Act 

  Portfolio

  Treasury 

  Summary

  Amends the:

  Income Tax Assessment Act 1997

  in relation to: trust beneficiaries continuing to use primary production income averaging in certain circumstances; the operation of the National Rental Affordability Scheme; and anti-avoidance rules for exempt entities used to ‘shelter’ the taxable income of a trust;

  Income Tax Assessment Act 1936

  ,

  Income Tax Assessment Act 1997

  and

  Income Tax (Transitional Provisions) Act 1997

  to enable trust beneficiaries to continue to use farm management deposits in certain circumstances;

  Income Tax Assessment Act 1936

  in relation to: capital gains and franked distributions of trusts; and phasing out the dependent spouse tax offset; and

  Fringe Benefits Tax Assessment Act 1986

  to provide for a single statutory rate of 20 per cent to determine the taxable value of car fringe benefits. Also makes consequential amendments to the

  Income Tax Assessment Act 1936

  and

  Income Tax Assessment Act 1997

  . 

  Bill | Explanatory Memorandum

• Tax Laws Amendment (2011 Measures No. 4) Bill 2011

  Track (What's this?)

  Date

  26 May 2011 

  Chamber

  House of Representatives 

  Status

  Act 

  Portfolio

  Treasury 

  Summary

  Amends the:

  Taxation Administration Act 1953

  to: reduce the gross domestic product (GDP) factor to four per cent for the 2011-12 financial year for GDP-adjusted notional tax; and provide that contributions to superannuation required by an industrial instrument or rules of a superannuation fund are excluded from reportable employer superannuation contributions;

  Tax Laws Amendment (2009 Measures No. 3) Act 2009

  to make consequential amendments;

  Income Tax Assessment Act 1936

  and

  Income Tax Assessment Act 1997

  to provide that minors cannot use the low income tax offset to reduce tax due on certain income; and

  Income Tax Assessment Act 1997

  and

  Income Tax (Transitional Provisions) Act 1997

  in relation to the percentage of premiums for certain total and permanent disability insurance policies that can be claimed as deductions. 

  Bill | Explanatory Memorandum

• Tax Laws Amendment (2011 Measures No. 3) Bill 2011

  Track (What's this?)

  Date

  12 May 2011 

  Chamber

  House of Representatives 

  Status

  Act 

  Portfolio

  Treasury 

  Summary

  Amends the:

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

  to allow supplies of particular types of new recreational boats to be goods and services tax free if the boats are exported within a specified 12-month period; and

  Income Tax (Transitional Provisions) Act 1997

  to enable the ongoing imposition of the general interest charge in certain circumstances. 

  Bill | Explanatory Memorandum

• Tax Laws Amendment (2011 Measures No. 2) Bill 2011

  Track (What's this?)

  Date

  24 Mar 2011 

  Chamber

  House of Representatives 

  Status

  Act 

  Portfolio

  Treasury 

  Summary

  Amends: the

  Income Tax Assessment Act 1997

  in relation to the list of deductible gift recipients; the

  Superannuation Industry (Supervision) Act 1993

  in relation to self managed superannuation fund investment in collectables and personal use assets; the

  Retirement Savings Accounts Act 1997

  and

  Superannuation Industry (Supervision) Act 1993

  to allow superannuation fund trustees and retirement savings account providers to use tax file numbers in certain circumstances; the

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

  and

  A New Tax System (Luxury Car Tax) Act 1999

  to allow entities to self assess the goods and services tax treatment of a payment of an Australian tax, fee or charge; and 16 Acts to make technical amendments. 

  Bill | Explanatory Memorandum

• Tax Laws Amendment (2011 Measures No. 1) Bill 2011

  Track (What's this?)

  Date

  24 Feb 2011 

  Chamber

  House of Representatives 

  Status

  Act 

  Portfolio

  Treasury 

  Summary

  Amends the:

  Income Tax Assessment Act 1997

  to exempt from income tax: the Disaster Recovery Subsidy paid to those affected by the floods in Australia during the summer of 2010-11 and by Cyclone Yasi; and ex-gratia payments to New Zealand non-protected special category visa holders for a disaster that occurred in Australia during the 2010-11 financial year;

  Income Tax Assessment Act 1997

  and

  Tax Laws Amendment (2009 Measures No. 2) Act 2009

  to exempt from income tax certain payments paid to small businesses and primary producers affected by the floods in Australia during the summer of 2010-11 and by Cyclone Yasi; and

  First Home Saver Accounts Act 2008

  and

  Income Tax Assessment Act 1997

  to enable money in a First Home Saver Account to be paid into a genuine mortgage after the end of a minimum qualifying period. 

  Bill | Explanatory Memorandum

• Tax Laws Amendment (2010 Measures No. 5) Bill 2011

  Track (What's this?)

  Date

  25 Nov 2010 

  Chamber

  House of Representatives 

  Status

  Act 

  Portfolio

  Treasury 

  Summary

  Amends the:

  Income Tax Assessment Act 1997

  to: change the eligibility criteria for accessing film tax offsets; extend the main residence capital gains tax exemption to certain compulsory acquisitions; include terminal medical condition benefits; and include school uniforms as an eligible expense for the education expenses tax offset;

  Income Tax Assessment Act 1997

  and

  Income Tax (Transitional Provisions) Act 1997

  to adjust the benchmark interest rate used to determine the cost of capital protection;

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

  to allow non-profit sub-entities to access the goods and services tax concessions available to their parent entity; and

  Taxation Administration Act 1953

  to enable the Commissioner of Taxation not to apply a payment, credit or running balance account surplus against certain tax debts. 

  Bill | Explanatory Memorandum

• Tax Laws Amendment (2010 Measures No. 4) Bill 2010

  Track (What's this?)

  Date

  29 Sep 2010 

  Chamber

  House of Representatives 

  Status

  Act 

  Portfolio

  Treasury 

  Summary

  Amends the:

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

  in relation to certain third party payment adjustments;

  Income Tax Assessment Act 1997

  in relation to: the capital gains tax (CGT) treatment of water entitlements and termination fees; foreign currency gains and losses; certain takeovers and mergers qualifying for CGT scrip for scrip rollover; and the list of deductible gift recipients;

  Income Tax Assessment Act 1936

  ,

  Income Tax Assessment Act 1997

  ,

  Tax Laws Amendment (2010 Measures No. 1) Act 2010

  and

  Tax Laws Amendment (Taxation of Financial Arrangements) Act 2009

  in relation to: taxation of financial arrangements; and debt/equity rules;

  Income Tax Assessment Act 1936

  to: increase the threshold above which a taxpayer may claim the net medical expenses tax offset; and commence annually indexing the threshold to the Consumer Price Index; and

  Income Tax Assessment Act 1997

  and

  Income Tax (Transitional Provisions) Act 1997

  to extend access to tax deductible donations to all volunteer based emergency services, including volunteer fire brigades. 

  Bill | Explanatory Memorandum

• Tax Laws Amendment (2010 Measures No. 4) Bill 2010

  Track (What's this?)

  Date

  23 Jun 2010 

  Chamber

  House of Representatives 

  Status

  Not Proceeding 

  Portfolio

  Treasury 

  Summary

  Amends the:

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

  in relation to certain third party payment adjustments;

  Income Tax Assessment Act 1997

  in relation to: the capital gains tax (CGT) treatment of water entitlements and termination fees; foreign currency gains and losses; certain takeovers and mergers qualifying for CGT scrip for scrip rollover; and the list of deductible gift recipients;

  Income Tax Assessment Act 1936

  ,

  Income Tax Assessment Act 1997

  ,

  Tax Laws Amendment (2010 Measures No. 1) Act 2010

  and

  Tax Laws Amendment (Taxation of Financial Arrangements) Act 2009

  in relation to: taxation of financial arrangements; and debt/equity rules;

  Income Tax Assessment Act 1936

  to: increase the threshold above which a taxpayer may claim the net medical expenses tax offset; and commence annually indexing the threshold to the Consumer Price Index; and

  Income Tax Assessment Act 1997

  and

  Income Tax (Transitional Provisions) Act 1997

  to extend access to tax deductible donations to all volunteer based emergency services, including volunteer fire brigades. 

  Bill | Explanatory Memorandum

• Tax Laws Amendment (2010 Measures No. 3) Bill 2010

  Track (What's this?)

  Date

  26 May 2010 

  Chamber

  House of Representatives 

  Status

  Act 

  Portfolio

  Treasury 

  Summary

  Amends the:

  Superannuation (Government Co-contribution for Low Income Earners) Act 2003

  to: freeze indexation of the co-contribution income threshold for the 2010-11 and 2011-12 financial years; and maintain the current matching rate and maximum co-contribution payable on an individual’s eligible superannuation contributions;

  Income Tax Assessment Act 1997

  to modify the thin capitalisation rules in relation to the application of accounting standards for authorised deposit-taking institutions;

  Taxation Administration Act 1953

  to enable certain officers to declare that a specified entity is not subject to Commonwealth tax law in relation to a specified transaction;

  Income Tax Assessment Act 1936

  and

  Income Tax Assessment Act 1997

  to provide that unexpended income of a special disability trust is taxed at a certain rate; and

  Taxation Administration Act 1953

  and

  Income Tax Assessment Act 1997

  in relation to managed investment trusts and withholding tax. 

  Bill | Explanatory Memorandum

• Tax Laws Amendment (2010 Measures No. 2) Bill 2010

  Track (What's this?)

  Date

  17 Mar 2010 

  Chamber

  House of Representatives 

  Status

  Act 

  Portfolio

  Treasury 

  Summary

  Amends: the

  Income Tax Assessment Act 1936

  and

  Income Tax Assessment Act 1997

  to: prevent shareholders of private companies accessing tax-free dividends from the provision of company assets for less than market value; and make consequential amendments; the

  Income Tax Assessment Act 1936

  ,

  Income Tax Assessment Act 1997

  and

  Taxation Administration Act 1953

  to extend existing arrangements for tax file number withholding to cover closely held trusts; the

  Income Tax Assessment Act 1997

  to: provide that the HECS-HELP benefit is exempt from income tax; update the list of deductible gift recipients; and provide that the Global Carbon Capture and Storage Institute Limited is exempt from income tax for a four-year period; and 108 Acts to repeal certain unlimited periods for amending taxpayers’ assessments. 

  Bill | Explanatory Memorandum