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TOTAL RESULTS: 741

• Tax Laws Amendment (2013 Measures No. 1) Bill 2013

  Track (What's this?)

  Date

  15 May 2013 

  Chamber

  House of Representatives 

  Status

  Act 

  Portfolio

  Treasury 

  Summary

  Amends the

  Income Tax Assessment Act 1997

  to: ensure that the small business connected entity test and the capital gains tax scrip for scrip roll-over stakeholder tests apply appropriately; exempt from income tax Disaster Income Recovery Subsidy payments made in relation to natural disasters which occurred during 3 January to 30 September 2013; and add a new general category to the list of deductible gift recipients. 

  Bill | Explanatory Memorandum

• Tax Laws Amendment (Medicare Levy) Bill 2013

  Track (What's this?)

  Date

  15 May 2013 

  Chamber

  House of Representatives 

  Status

  Act 

  Portfolio

  Treasury 

  Summary

  Amends the

  Medicare Levy Act 1986

  to increase the Medicare levy low-income threshold amounts for families and the dependent child-student component of the threshold from the 2012-13 financial year. 

  Bill | Explanatory Memorandum

• Taxation (Trustee Beneficiary Non-disclosure Tax) (No. 1) Amendment (DisabilityCare Australia) Bill 2013

  Track (What's this?)

  Date

  15 May 2013 

  Chamber

  House of Representatives 

  Status

  Act 

  Portfolio

  Treasury 

  Summary

  Part of a package of 13 bills in relation to funding for the National Disability Insurance Scheme (DisabilityCare Australia), the bill amends the

  Taxation (Trustee Beneficiary Non-disclosure Tax) Act (No. 1) 2007

  to increase to 47 per cent the rate of trustee beneficiary non-disclosure tax where a share of the net income of a trust is distributed to the trustee of a closely held trust. 

  Bill | Explanatory Memorandum

• Taxation (Trustee Beneficiary Non-disclosure Tax) (No. 2) Amendment (DisabilityCare Australia) Bill 2013

  Track (What's this?)

  Date

  15 May 2013 

  Chamber

  House of Representatives 

  Status

  Act 

  Portfolio

  Treasury 

  Summary

  Part of a package of 13 bills in relation to funding for the National Disability Insurance Scheme (DisabilityCare Australia), the bill amends the

  Taxation (Trustee Beneficiary Non-disclosure Tax) Act (No. 2) 2007

  to increase to 47 per cent the rate of trustee beneficiary non-disclosure tax where a share of the net income of a trust is distributed to the trustee of a closely held trust. 

  Bill | Explanatory Memorandum

• Tax and Superannuation Laws Amendment (2013 Measures No. 2) Bill 2013

  Track (What's this?)

  Date

  20 Mar 2013 

  Chamber

  House of Representatives 

  Status

  Act 

  Portfolio

  Treasury 

  Summary

  Amends the:

  Income Tax Assessment Act 1997

  to: define ‘documentary’ in accordance with the Australian Communications and Media Authority’s guidelines; clarify that game shows are ineligible for film tax offsets; and update the list of deductible gift recipients;

  Income Tax Assessment Act 1997

  ,

  Tax Laws Amendment (2011 Measures No. 1) Act 2011

  and

  Tax Laws Amendment (2012 Measures No. 1) Act 2012

  to exempt from income tax certain ex-gratia payments made in relation to natural disasters during the 2011-12 and 2012-13 financial years;

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

  to enable entities who currently pay their goods and services tax by instalments to continue to do so if they move into a net refund position;

  Superannuation Industry (Supervision) Act 1993

  to require trustees to establish and implement procedures in relation to the consolidation of multiple member accounts;

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

  to reduce the amount of superannuation co-contribution available from the 2012-13 financial year;

  Income Tax Assessment Act 1936

  and

  Income Tax Assessment Act 1997

  to consolidate dependency tax offsets into the Dependant (Invalid and Carer) Tax Offset from 1 July 2012; and

  Income Tax Assessment Act 1997

  and

  Tax Laws Amendment (Taxation of Financial Arrangements) Act 2009

  to clarify the operation of the taxation of financial arrangements regime. 

  Bill | Explanatory Memorandum

• Television Licence Fees Amendment Bill 2013

  Track (What's this?)

  Date

  14 Mar 2013 

  Chamber

  House of Representatives 

  Status

  Act 

  Portfolio

  Broadband, Communications and the Digital Economy 

  Summary

  Part of a package of six bills in relation to the media sector, the bill amends the

  Television Licence Fees Act 1964

  to: reduce by 50 per cent the annual licence fee payable by commercial television broadcasting licensees, to a maximum of 4.5 per cent of gross earnings; and make consequential and technical amendments. 

  Bill | Explanatory Memorandum

• Tax and Superannuation Laws Amendment (2013 Measures No. 1) Bill 2013

  Track (What's this?)

  Date

  13 Feb 2013 

  Chamber

  House of Representatives 

  Status

  Act 

  Portfolio

  Treasury 

  Summary

  Amends: the

  Income Tax Assessment Act 1997

  ,

  Superannuation (Departing Australia Superannuation Payments Tax) Act 2007

  and

  Superannuation (Unclaimed Money and Lost Members) Act 1999

  to provide that income tax is generally not payable on the interest paid by the Commonwealth on unclaimed money from 1 July 2013; the

  Fringe Benefits Tax Assessment Act 1986

  to: align the airline transport fringe benefits rules with the in-house property and in-house residual fringe benefit provisions; and update the method for determining the taxable value of airline transport fringe benefits; the

  Income Tax Assessment Act 1997

  to enable participants in the Sustainable Rural Water Use and Infrastructure Program to choose to make payments they derive under the program free of income tax, with expenditure related to infrastructure improvements required under the program then being non-deductible; the

  Income Tax Assessment Act 1936

  ,

  Income Tax Assessment Act 1997

  ,

  Income (Transitional Provisions) Act 1997

  and

  Taxation Administration Act 1953

  to: enable corporate tax entities to carry-back losses to previous income years; and make consequential amendments; and 18 Acts to make technical amendments. 

  Bill | Explanatory Memorandum

• Tax Laws Amendment (Countering Tax Avoidance and Multinational Profit Shifting) Bill 2013

  Track (What's this?)

  Date

  13 Feb 2013 

  Chamber

  House of Representatives 

  Status

  Act 

  Portfolio

  Treasury 

  Summary

  Amends the

  Income Tax Assessment Act 1936

  ,

  Income Tax Assessment Act 1997

  ,

  Taxation Administration Act 1953

  and

  Income Tax (Transitional Provisions) Act 1997

  in relation to: the operation of the general anti-avoidance rule; the application of the arm’s length principle in transfer pricing rules aligning with international transfer pricing standards; rules for trusts and partnerships; record keeping requirements and penalties; and consequential amendments. 

  Bill | Explanatory Memorandum

• Tax Laws Amendment (2012 Measures No. 6) Bill 2012

  Track (What's this?)

  Date

  29 Nov 2012 

  Chamber

  House of Representatives 

  Status

  Act 

  Portfolio

  Treasury 

  Summary

  Amends the:

  Income Tax Assessment Act 1936

  and

  Income Tax Assessment Act 1997

  to clarify that native title benefits are not subject to income tax (including capital gains tax);

  Income Tax Assessment Act 1997

  to: update the list of deductible gift recipients; extend the immediate deductibility of exploration and prospecting expenditure provided to mining and petroleum explorers to geothermal energy explorers; and clarify that the definition of ‘limited recourse debt’ includes arrangements where, in substance or effect, the debtor is not fully at risk in relation to the debt;

  Tax Laws Amendment (2011 Measures No. 5) Act 2011

  to extend the interim streaming rules for managed investment trusts until the end of the 2013-14 financial year;

  Income Tax Assessment Act 1936

  to apply an income test to the rebate for medical expenses from 1 July 2012;

  Fringe Benefits Tax Assessment Act 1986

  to remove the concessional fringe benefits tax treatment for in-house fringe benefits accessed by way of salary packaging arrangements; and Retirement Savings Accounts Regulations 1997, Superannuation Industry (Supervision) Regulations 1994 and five Acts to make technical amendments. 

  Bill | Explanatory Memorandum

• Treasury Legislation Amendment (Unclaimed Money and Other Measures) Bill 2012

  Track (What's this?)

  Date

  30 Oct 2012 

  Chamber

  House of Representatives 

  Status

  Act 

  Portfolio

  Treasury 

  Summary

  Amends the:

  Banking Act 1959

  ,

  First Home Saver Accounts Act 2008

  and

  Life Insurance Act 1995

  to: reduce to three years the period before amounts held by authorised deposit-taking institutions, first home saver account providers and life insurance companies are treated as unclaimed moneys; and provide for the payment of interest on unclaimed moneys claimed after 1 July 2013;

  Superannuation (Unclaimed Money and Lost Members) Act 1999

  to: increase to $2000 the balance threshold below which small lost accounts are required to be transferred to the Commissioner of Taxation; decrease to 12 months the period of inactivity before inactive accounts of unidentifiable members are required to be transferred to the commissioner; and provide for the payment of interest on all unclaimed superannuation moneys claimed after 1 July 2013;

  Australian Securities and Investments Commission Act 2001

  to close the Companies and Unclaimed Moneys Special Account; and

  Corporations Act 2001

  to: establish a new process for the receipt and payment of unclaimed property; and provide for the payment of interest on unclaimed property claimed after 1 July 2013. 

  Bill | Explanatory Memorandum