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TOTAL RESULTS: 277

• Tax Laws Amendment (Small Business Measures) Bill 2004

  Track (What's this?)

  Date

  18 Nov 2004 

  Chamber

  House of Representatives 

  Status

  Act 

  Portfolio

  Treasury 

  Summary

  Amends the

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

  and

  Taxation Administration Act 1953

  to: allow certain small businesses and non-profit bodies the option to report and pay the goods and services tax (GST) on an annual basis; allow small businesses to undertake annual apportionment of input tax credits for certain acquisitions and importations used for partly creditable purposes; and remove the requirement for an entity to make an annual election to continue with the option to pay GST by instalments. Also contains application provisions. 

  Bill | Explanatory Memorandum

• Tax Laws Amendment (Small Business) Bill 2007

  Track (What's this?)

  Date

  10 May 2007 

  Chamber

  House of Representatives 

  Status

  Act 

  Portfolio

  Treasury 

  Summary

  Amends the taxation laws to: standardise the primary eligibility criterion for small business tax concessions; increase the capital gains tax maximum net assets threshold to $6 million, and the simplified tax system (STS) turnover and goods and services tax cash accounting turnover threshold to $2 million; extend the small business roll-over relief available under the uniform capital allowance system to small business entities that have adopted the simplified depreciation rules; remove the $3 million depreciating assets test from the STS eligibility requirements; and give STS taxpayers access to the fringe benefits tax car parking exemption and to pay-as-you-go instalments. 

  Bill | Explanatory Memorandum

• Tax Laws Amendment (Stronger, Fairer, Simpler and Other Measures) Bill 2011

  Track (What's this?)

  Date

  02 Nov 2011 

  Chamber

  House of Representatives 

  Status

  Act 

  Portfolio

  Treasury 

  Summary

  Part of a package of 11 bills, the bill amends the:

  Income Tax Assessment Act 1997

  ,

  Income Tax (Transitional Provisions) Act 1997

  and

  Taxation Administration Act 1953

  to abolish the entrepreneurs’ tax offset;

  Income Tax Assessment Act 1997

  and

  Income Tax (Transitional Provisions) Act 1997

  to: increase the small business instant asset write-off threshold to $6500; and consolidate the long life small business pool and the general small business pool into a single pool to be written off at one rate;

  Income Tax Assessment Act 1997

  to enable small business entities to claim an accelerated initial deduction for motor vehicles acquired in the 2012-13 and subsequent financial years; and

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

  to enable eligible low income earners to receive the low income superannuation contribution. 

  Bill | Explanatory Memorandum

• Tax Laws Amendment (Superannuation Reporting) Bill 2004

  Track (What's this?)

  Date

  18 Nov 2004 

  Chamber

  House of Representatives 

  Status

  Act 

  Portfolio

  Treasury 

  Summary

  Amends the

  Superannuation Guarantee (Administration) Act 1992

  to remove the superannuation guarantee (SG) reporting requirement, for employers to report employer superannuation contributions to employees, from the SG arrangements. Also contains an application provision. 

  Bill | Explanatory Memorandum

• Tax Laws Amendment (Taxation of Financial Arrangements) Bill 2007

  Track (What's this?)

  Date

  20 Sep 2007 

  Chamber

  House of Representatives 

  Status

  Not Proceeding 

  Portfolio

  Treasury 

  Summary

  Amends the

  Income Tax Assessment Act 1997

  to: define ‘financial arrangement’ and sets out methods under which gains and losses from financial arrangements will be brought to account for tax purposes; and makes consequential amendments to the

  Income Tax Assessment Act 1936

  ,

  Income Tax Assessment Act 1997

  ,

  New Business Tax System (Taxation of Financial Arrangements) Act (No. 1) 2003

  , and

  Taxation Administration Act 1953

  . 

  Bill | Explanatory Memorandum

• Tax Laws Amendment (Taxation of Financial Arrangements) Bill 2009

  Track (What's this?)

  Date

  04 Dec 2008 

  Chamber

  House of Representatives 

  Status

  Act 

  Portfolio

  Treasury 

  Summary

  Amends taxation laws to establish a set of principles and rules for the tax-timing and character treatment of gains and losses from financial arrangements. 

  Bill | Explanatory Memorandum

• Tax Laws Amendment (Temporary Flood and Cyclone Reconstruction Levy) Bill 2011

  Track (What's this?)

  Date

  10 Feb 2011 

  Chamber

  House of Representatives 

  Status

  Act 

  Portfolio

  Treasury 

  Summary

  Introduced with the Income Tax Rates Amendment (Temporary Flood and Cyclone Reconstruction Levy) Bill 2011, the bill amends the

  Income Tax Assessment Act 1997

  and

  Income Tax (Transitional Provisions) Act 1997

  to implement a one-year progressive flood and cyclone reconstruction levy in the form of additional income tax in the 2011-12 financial year. 

  Bill | Explanatory Memorandum

• Tax Laws Amendment (Transfer of Provisions) Bill 2010

  Track (What's this?)

  Date

  17 Mar 2010 

  Chamber

  House of Representatives 

  Status

  Act 

  Portfolio

  Treasury 

  Summary

  The bill: rewrites provisions from the

  Income Tax Assessment Act 1936

  into the

  Income Tax Assessment Act 1997

  and

  Taxation Administration Act 1953

  in relation to: collection and recovery of tax; forgiveness of commercial debts; leases of luxury cars; farm management deposits; and general insurance; and amends 10 Acts to make consequential amendments. 

  Bill | Explanatory Memorandum

• Tax Laws Amendment (Wine Producer Rebate and Other Measures) Bill 2004

  Track (What's this?)

  Date

  24 Jun 2004 

  Chamber

  House of Representatives 

  Status

  Act 

  Portfolio

  Treasury 

  Summary

  Amends the:

  A New Tax System (Wine Equalisation Tax) Act 1999

  to: introduce a new wine produce rebate which will replace the existing cellar door rebate scheme; ensure that wine packaging is included in the tax base for assessing wine tax liability; ensure that payment of wine tax is not avoided by the export and re-entry of wine; amend the definition of rebatable wine to include cider, perry and sake; and correct a technical error; and

  Income Tax Assessment Act 1997

  to repeal accelerated depreciation for grapevine plantings. Also contains application and transitional provisions. 

  Bill | Explanatory Memorandum

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

  Track (What's this?)

  Date

  21 Jun 2007 

  Chamber

  House of Representatives 

  Status

  Act 

  Portfolio

  Treasury 

  Summary

  Part of a package of three bills to amend the taxation laws, the bill imposes a trustee beneficiary non-disclosure tax at the rate of 46.5 per cent on the untaxed part of a share of the trust’s net income if the trustee fails to make a correct trustee beneficiary statement. 

  Bill | Explanatory Memorandum