What is a bill?

A bill is a proposal for a law or a change to an existing law. A bill becomes law (an Act) when agreed to in identical form by both houses of Parliament and assented to by the Governor-General.

Bills before the House of Representatives

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TOTAL RESULTS: 68

  • Date
    24 Oct 2018 
    Chamber
    House of Representatives 
    Status
    Before House of Representatives 
    Portfolio
    Treasury 
    Summary
    Implements certain recommendations of the ASIC Enforcement Review Taskforce by amending the
    Corporations Act 2001
    ,
    Australian Securities and Investments Commission Act 2001
    ,
    National Consumer Credit Protection Act 2009
    and
    Insurance Contracts Act 1984
    to: introduce a stronger penalty framework for corporate and financial sector misconduct; and make miscellaneous technical and consequential amendments. 

    Bill | Explanatory Memorandum

  • Date
    20 Sep 2018 
    Chamber
    House of Representatives 
    Status
    Before House of Representatives 
    Portfolio
    Treasury 
    Summary
    Introduced with the Treasury Laws Amendment (Making Sure Foreign Investors Pay Their Fair Share of Tax in Australia and Other Measures) Bill 2018 and Income Tax Rates Amendment (Sovereign Entities) Bill 2018, the bill amends the
    Income Tax (Managed Investment Trust Withholding Tax) Act 2008
    to make consequential amendments to specify that the managed investment trust (MIT) withholding rate on income attributable to non-concessional MIT income is 30 per cent. 

    Bill | Explanatory Memorandum

  • Date
    20 Sep 2018 
    Chamber
    House of Representatives 
    Status
    Before House of Representatives 
    Portfolio
    Treasury 
    Summary
    Introduced with the Treasury Laws Amendment (Making Sure Foreign Investors Pay Their Fair Share of Tax in Australia and Other Measures) Bill 2018 and Income Tax (Managed Investment Trust Withholding Tax) Amendment Bill 2018, the bill amends the
    Income Tax Rates Act 1986
    to specify that sovereign entities are liable to income tax on taxable income at a rate of 30 per cent. 

    Bill | Explanatory Memorandum

  • Date
    20 Sep 2018 
    Chamber
    House of Representatives 
    Status
    Before House of Representatives 
    Portfolio
    Treasury 
    Summary
    Amends the:
    Corporations Act 2001
    to introduce design and distribution obligations in relation to financial products;
    Corporations Act 2001
    and
    National Consumer Credit Protection Act 2009
    to introduce a product intervention power for the Australian Securities and Investments Commission to prevent or respond to significant consumer detriment; and
    Australian Securities and Investments Commission Act 2001
    to make consequential amendments. 

    Bill | Explanatory Memorandum

  • Date
    20 Sep 2018 
    Chamber
    House of Representatives 
    Status
    Before House of Representatives 
    Portfolio
    Treasury 
    Summary
    Introduced with the Income Tax (Managed Investment Trust Withholding Tax) Amendment Bill 2018 and Income Tax Rates Amendment (Sovereign Entities) Bill 2018, the bill amends the:
    Income Tax Assessment Act 1997
    and
    Taxation Administration Act 1953
    to limit access to tax concessions for foreign investors by increasing the managed investment trust (MIT) withholding rate on fund payments that are attributable to non-concessional MIT income (including MIT cross staple arrangement income) to 30 per cent;
    Income Tax Assessment Act 1997
    to modify the thin capitalisation rules to prevent double gearing structures;
    Income Tax Assessment Act 1936
    to limit access to tax concessions for foreign investors by limiting the withholding tax exemption for superannuation funds for foreign residents; and
    Income Tax Assessment Act 1936
    and
    Income Tax Assessment Act 1997
    to limit access to tax concessions for foreign investors by codifying and limiting the scope of the sovereign immunity tax exemption. 

    Bill | Explanatory Memorandum

  • Date
    20 Sep 2018 
    Chamber
    House of Representatives 
    Status
    Before House of Representatives 
    Portfolio
    Treasury 
    Summary
    Amends the:
    Income Tax Assessment Act 1997
    and
    Tax Laws Amendment (Research and Development) Act 2015
    to: permanently increase the research and development (R&D) expenditure threshold from $100 million to $150 million; link the R&D tax offset for refundable R&D tax offset claimants to their corporate tax rates plus a 13.5 percentage point premium; cap the refundability of the R&D tax offset at $4 million per annum; and increase the targeting of the R&D tax incentive to larger R&D entities with high levels of R&D intensity;
    Income Tax Assessment Act 1997
    to extend the concept of tax benefits in the general anti-avoidance rule in Part IVA of the
    Income Tax Assessment Act 1936
    to include the R&D tax offset;
    Income Tax Assessment Act 1997
    ,
    Income Tax Rates Act 1986
    and
    Income Tax (Transitional Provisions) Act 1997
    to: remake and consolidate provisions relating to clawback of R&D recoupments and feedstock adjustments; introduce a new uniform clawback rule that applies for recoupments, feedstock adjustments and balancing adjustment amounts that are included in an R&D entity’s assessable income; and introduce a new catch-up rule for R&D assets;
    Taxation Administration Act 1953
    to require the Commissioner of Taxation to publish information about the R&D activities of R&D entities claiming the R&D tax offset following a two-year delay;
    Industry Research and Development Act 1986
    (IR&D Act) to: provide for the Board of Innovation and Science Australia (ISA) to make a determination, by notifiable instrument, about how it will exercise its powers and perform its functions and duties; and expand the existing power of the Board of ISA and its committees to delegate some or all of their functions to include certain members of the Australian Public Service; Industry Research and Development Decision-making Principles 2011 to provide that extensions of time granted under the IR&D Act may relate to certain applications;
    Income Tax Assessment Act 1936
    and
    Income Tax Assessment Act 1997
    to: require an entity to use the value of the assets, liabilities and equity capital that are used in its financial statements; remove the ability for an entity to revalue its assets specifically for thin capitalisation purposes; and ensure that non-ADI foreign controlled Australian tax consolidated groups and multiple entry consolidated groups that have foreign investments or operations are treated as both outward investing and inward investing entities;
    A New Tax System (Goods and Services Tax) Act 1999
    to require offshore suppliers of rights or options to use commercial accommodation in Australia to include these supplies in working out their GST turnover;
    A New Tax System (Luxury Car Tax) Act 1999
    to remove liability for luxury car tax from cars that are re-imported following service, repair or refurbishment overseas; and
    Income Tax Assessment Act 1997
    and
    Taxation Administration Act 1953
    to: extend the circumstances in which an entity is a significant global entity; and amend the country by country reporting requirements to apply to a subset of significant global entities referred to as country by country reporting entities. 

    Bill | Explanatory Memorandum

  • Date
    22 Oct 2018 
    Chamber
    House of Representatives 
    Status
    Before House of Representatives 
    Sponsor
    MCGOWAN, Cathy, MP 
    Summary
    Provides for the posthumous promotion of the late General Sir John Monash to rank of Australian Field Marshal in the Australian Regular Army on 1 January 1931, the date of his return to the Active Duty List. 

    Bill | Explanatory Memorandum

  • Date
    22 Oct 2018 
    Chamber
    House of Representatives 
    Status
    Before House of Representatives 
    Sponsor
    WILKIE, Andrew, MP
    BANDT, Adam, MP
    SHARKIE, Rebekha, MP 
    Summary
    Amends the
    Migration Act 1958
    to require the temporary transfer of children and their families from offshore detention to Australia for the purpose of medical or psychiatric assessment or treatment. 

    Bill | Explanatory Memorandum

  • Date
    22 Oct 2018 
    Chamber
    House of Representatives 
    Status
    Before House of Representatives 
    Sponsor
    MCGOWAN, Cathy, MP 
    Summary
    Amends the
    National Consumer Credit Protection Act 2009
    to: impose a cap on the total payments that can be made under a consumer lease (known as rent-to-buy schemes); require small amount credit contracts (SACCs) (known as payday loans) to have equal repayments and payment intervals; remove the ability for SACC providers to charge monthly fees in respect of the residual term of a loan where a consumer fully repays the loan early; prevent lessors and credit assistance providers from undertaking door-to-door selling of leases at residential homes; introduce anti-avoidance protections; and increase penalties. 

    Bill | Explanatory Memorandum

  • Date
    22 Oct 2018 
    Chamber
    House of Representatives 
    Status
    Before House of Representatives 
    Sponsor
    SHARKIE, Rebekha, MP 
    Summary
    Amends the
    National Greenhouse and Energy Reporting Act 2007
    to require the publication of the quarterly report of estimates of Australia's greenhouse gas inventory within five months of the end of each quarter. 

    Bill | Explanatory Memorandum

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