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TOTAL RESULTS: 277

• Tax Laws Amendment (Personal Income Tax Reduction) Bill 2004

  Track (What's this?)

  Date

  13 May 2004 

  Chamber

  House of Representatives 

  Status

  Act 

  Portfolio

  Treasury 

  Summary

  Amends the

  Income Tax Rates Act 1986

  to increase personal income tax thresholds for the 42 per cent and 47 per cent tax brackets in two stages, to apply to the 2004-05 and later income years. 

  Bill | Explanatory Memorandum

• Tax Laws Amendment (2004 Measures No. 2) Bill 2004

  Track (What's this?)

  Date

  01 Apr 2004 

  Chamber

  House of Representatives 

  Status

  Act 

  Portfolio

  Treasury 

  Summary

  Amends the:

  Income Tax Assessment Act 1936

  ,

  Income Tax Assessment Act 1997

  ,

  Income Tax (Transitional Provisions) Act 1997

  and

  Taxation Administration Act 1953

  in relation to the operation of the income tax law affecting life insurance companies;

  Income Tax Assessment Act 1936

  ,

  Income Tax Assessment Act 1997

  and 3 other Acts in relation to the consolidation regime;

  Income Tax Assessment Act 1936

  and

  Income Tax Assessment Act 1997

  in relation to: venture capital partnerships; and franked distributions received through certain partnerships and trusts;

  Fringe Benefits Tax Assessment Act 1986

  in relation to fringe benefits tax (FBT) housing benefits;

  Income Tax Assessment Act 1997

  in relation to: capital gains tax event K6 and demergers; deductions for United Medical Protection Limited support payments; and alienation of personal services income provisions;

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

  in relation to compulsory third party schemes;

  Fringe Benefits Tax Assessment Act 1986

  and

  Income Tax Assessment Act 1997

  in relation to FBT treatment of public ambulance services; and

  Income Tax Assessment Act 1936

  in relation to: taxation treatment of overseas superannuation payments; and technical corrections to foreign tax credit provisions. Also contains application and transitional provisions. 

  Bill | Explanatory Memorandum

• Tax Laws Amendment (2004 Measures No. 1) Bill 2004

  Track (What's this?)

  Date

  19 Feb 2004 

  Chamber

  House of Representatives 

  Status

  Act 

  Portfolio

  Treasury 

  Summary

  Amends the:

  Income Tax Assessment Act 1936

  in relation to: broadening the list of eligible medical expenses to include payments in relation to guide dogs; rules for payments, loans and forgiven debts made by a trustee to a private company’s shareholder; and deductions for dividends on-paid to non-resident owners;

  Income Tax Assessment Act 1997

  in relation to: income tax deductions for transport expenses for travel between workplaces; small business capital gains tax relief and discretionary trusts; net input tax credits and capital gains tax; and updating the list of deductible gift recipients;

  Energy Grants (Credits) Scheme (Consequential Amendments) Act 2003

  to clarify the treatment of claims for fuel purchased in the 3 years preceding the scheme’s introduction;

  A New Tax System (Australian Business Number) Act 1999

  to clarify permitted disclosure of Australian Business Number information;

  Income Tax Assessment Act 1936

  and

  Income Tax Assessment Act 1997

  in relation to income tax deductions for fund-raising event contributions; and 5 Acts to require that charities be endorsed in order to access relevant tax concessions. Also contains application and transitional provisions. 

  Bill | Explanatory Memorandum

• Trade Practices Amendment (Personal Injuries and Death) Bill (No. 2) 2004

  Track (What's this?)

  Date

  19 Feb 2004 

  Chamber

  House of Representatives 

  Status

  Act 

  Portfolio

  Treasury 

  Summary

  Further to the Trade Practices Amendment (Personal Injuries and Death) Bill 2003, the bill amends the

  Trade Practices Act 1974

  to ensure a nationally consistent approach in relation to limitation periods and constraints on damages arising from personal injury or death. 

  Bill | Explanatory Memorandum

• Taxation Laws (Clearing and Settlement Facility Support) Bill 2004

  Track (What's this?)

  Date

  04 Dec 2003 

  Chamber

  House of Representatives 

  Status

  Act 

  Portfolio

  Treasury 

  Summary

  Ensures that there are no taxation consequences as a result of a payment out of the National Guarantee Fund under section 891A of the

  Corporations Act 2001

  (which provides for payments to prescribed bodies to fund clearing and settlement facility support). Also contains an application provision. 

  Bill | Explanatory Memorandum

• Taxation Laws Amendment Bill (No. 2) 2004

  Track (What's this?)

  Date

  04 Dec 2003 

  Chamber

  House of Representatives 

  Status

  Act 

  Portfolio

  Treasury 

  Summary

  Amends the:

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

  in relation to first aid or life saving courses;

  Income Tax (Transitional Provisions) Act 1997

  to provide for a transitional exclusion for certain indirect value shifts involving services;

  Fringe Benefits Tax Assessment Act 1986

  and

  Income Tax Assessment Act 1997

  in relation to: personal services income;

  Income Tax Assessment Act 1936

  and

  Income Tax Assessment Act 1997

  in relation to sugar industry exit grants;

  Taxation Administration Act 1953

  in relation to application of foreign resident withholding arrangements to certain alienated personal services payments;

  Income Tax Assessment Act 1936

  in relation to: demutualisation of friendly societies; and eligibility for the research and development tax offset;

  Income Tax Assessment Act 1997

  in relation to: optional roll-over relief for certain simplified tax system partnerships; and a technical correction;

  Income Tax (Transitional Provisions) Act 1997

  in relation to: revocation of certain choices under the consolidation regime; and technical corrections. Also contains application provisions. 

  Bill | Explanatory Memorandum

• Treasury Legislation Amendment (Professional Standards) Bill 2004

  Track (What's this?)

  Date

  04 Dec 2003 

  Chamber

  House of Representatives 

  Status

  Act 

  Portfolio

  Treasury 

  Summary

  Amends the

  Trade Practices Act 1974

  ,

  Australian Securities and Investments Commission Act 2001

  and

  Corporations Act 2001

  to establish a structure under which the Commonwealth, by prescribing State professional standards legislation (PSL) schemes (via regulations), can support PSL by allowing liability under the relevant Commonwealth legislative provisions to be capped in accordance with the laws of the States and Territories. 

  Bill | Explanatory Memorandum

• Taxation Laws Amendment (Superannuation Contributions Splitting) Bill 2003

  Track (What's this?)

  Date

  11 Sep 2003 

  Chamber

  House of Representatives 

  Status

  Not Proceeding 

  Portfolio

  Treasury 

  Summary

  Amends the

  Income Tax Assessment Act 1936

  and

  Superannuation Contributions Tax (Assessment and Collection) Act 1997

  to provide for the taxation treatment of split superannuation contributions between a fund-contributing member and their spouse. Details of the operation of superannuation contributions splitting will be specified in regulations under the

  Superannuation Industry (Supervision) Act 1993

  and the

  Income Tax Assessment Act 1936

  . 

  Bill | Explanatory Memorandum

• Taxation Laws Amendment Bill (No. 1) 2004

  Track (What's this?)

  Date

  26 Jun 2003 

  Chamber

  House of Representatives 

  Status

  Act 

  Portfolio

  Treasury 

  Summary

  Amends the:

  Income Tax Assessment Act 1936

  and

  Income Tax Assessment Act 1997

  to provide tax exemptions for Australian residents receiving Second World War compensation payments from overseas funds;

  Income Tax Assessment Act 1997

  to: update and simplify the listing of specifically-listed deductible gift recipients; allow deductions for cash donations to deductible gift recipients to be spread over a period of up to 5 years; and provide an automatic capital gains tax roll-over for financial services providers during the financial services reform transitional period;

  Crimes (Taxation Offences) Act 1980

  to correct a technical deficiency with the deeming mechanism; and clarify the interpretation of offences under the Criminal Code;

  Income Tax (Transitional Provisions) Act 1997

  to allow certain entities with foreign losses to be excluded from a consolidated group for a transitional period;

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

  to ensure that certain supplies made as a result of the consolidation regime are not taxable supplies;

  Income Tax Assessment Act 1997

  and

  Income Tax (Transitional Provisions) Act 1997

  to include imputation rules for life insurance companies;

  Income Tax Assessment Act 1936

  to exclude from the overseas forces tax offset provisions periods of service for which an income tax exemption for foreign employment income is available; and

  Income Tax Assessment Act 1936

  ,

  Income Tax Assessment Act 1997

  and

  Income Tax (Transitional Provisions) Act 1997

  to treat foreign hybrids as partnerships. Also makes technical amendments to 8 Acts to repeal redundant provisions and correct terminology, section references and cross-references and contains application and transitional provisions. 

  Bill | Explanatory Memorandum

• Taxation Laws Amendment (Earlier Access to Farm Management Deposits) Bill 2002

  Track (What's this?)

  Date

  05 Dec 2002 

  Chamber

  House of Representatives 

  Status

  Act 

  Portfolio

  Treasury 

  Summary

  Amends the

  Income Tax Assessment Act 1936

  to: exempt farmers in “exceptional circumstances” declared areas from the requirement that farm management deposits have to be held for 12 months in order to qualify for tax concessions; and make minor amendments in relation to the operation of the farm management deposit scheme. Also contains application provisions. 

  Bill | Explanatory Memorandum