Search all bills

TOTAL RESULTS: 741

• 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 Tax Integrity and Supporting Business Investment) Bill 2022

  Track (What's this?)

  Date

  09 Feb 2022 

  Chamber

  House of Representatives 

  Status

  Not Proceeding 

  Portfolio

  Treasury 

  Summary

  Introduced with the Income Tax Amendment (Labour Mobility Program) Bill 2022, the bill amends the:

  Taxation Administration Act 1953

  to enable the Commissioner of Taxation to direct an entity to complete an approved record-keeping course as an alternative to financial penalties where the commissioner reasonably believes the entity has failed to comply with its tax-related record-keeping obligations;

  Income Tax Assessment Act 1997

  and

  Taxation Administration Act 1953

  to make consequential amendments;

  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;

  Income Tax Assessment Act 1997

  to: provide the choice to self assess the effective life of certain intangible depreciating assets rather than using the statutory effective life in working out the decline in value; and provide an income tax exemption for certain recovery grants made to small businesses and primary producers impacted by Cyclone Seroja in April 2021;

  Competition and Consumer Act 2010

  and

  Australian Securities and Investments Commission Act 2001

  to: amend the existing unfair contract terms provisions; introduce a civil penalty regime prohibiting the use and reliance on unfair contract terms in standard form contracts; and expand the class of contracts covered by the unfair contract terms provisions; and

  Income Tax Assessment Act 1997

  and three other taxation Acts to reduce the tax on certain income earned by foreign resident workers participating in the Australian Agriculture Worker Program or the Pacific Australia Labour Mobility scheme from 32.5 per cent to 15 per cent. Also makes minor and technical amendments to 12 Acts administered in the Treasury, Social Services and Veterans' Affairs portfolios. 

  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. 7) Bill 2021

  Track (What's this?)

  Date

  25 Aug 2021 

  Chamber

  House of Representatives 

  Status

  Not Proceeding 

  Portfolio

  Treasury 

  Summary

  Amends the:

  Taxation Administration Act 1953

  to require electronic platform operators to provide information on transactions made through the platform to the Australian Taxation Office;

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

  to facilitate the closure and any transitional arrangements associated with the Australian Financial Complaints Authority replacing the Superannuation Complaints Tribunal; and

  Fringe Benefits Tax Assessment Act 1986

  ,

  Income Tax Assessment Act 1936

  and

  Income Tax Assessment Act 1997

  to remove the $250 non-deductible threshold for work-related self-education expenses. 

  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

• Treasury Laws Amendment (COVID-19 Economic Response No. 2) Bill 2021

  Track (What's this?)

  Date

  03 Aug 2021 

  Chamber

  House of Representatives 

  Status

  Act 

  Portfolio

  Treasury 

  Summary

  Amends the:

  Coronavirus Economic Response Package (Payments and Benefits) Act 2020

  to enable the Treasurer to make rules for economic response payments to provide support to an entity where they are adversely affected by restrictions imposed by a state or territory public health order that is directed at controlling the transmission of COVID-19;

  Taxation Administration Act 1953

  to enable tax information to be disclosed to Australian government agencies for the purposes of administering COVID-19 business support programs;

  Income Tax Assessment Act 1997

  to make payments received by eligible businesses under certain COVID-19 business support programs and Commonwealth COVID-19 disaster payments exempt from income tax; and

  Coronavirus Economic Response Package Omnibus (Measures No. 2) Act 2020

  to reinstate a temporary mechanism for ministers to change arrangements relating to meeting information and document requirements under Commonwealth legislation. 

  Bill | Explanatory Memorandum