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TOTAL RESULTS: 6049

• Treasury Laws Amendment (2017 Measures No. 5) Bill 2017

  Track (What's this?)

  Date

  07 Sep 2017 

  Chamber

  House of Representatives 

  Status

  Act 

  Portfolio

  Treasury 

  Summary

  Introduced with the ASIC Supervisory Cost Recovery Levy Amendment Bill 2017, the bill amends the:

  Corporations Act 2001

  to: establish a new licensing regime requiring administrators of designated significant financial benchmarks to obtain a benchmark administrator licence from the Australian Securities and Investments Commission (ASIC); enable ASIC to make rules imposing a regulatory framework for licensed benchmark administrators and related matters; and create offences and penalties for manipulation of financial benchmarks;

  Productivity Commission Act 1998

  to provide for the appointment of an additional commissioner to oversee the work of the Productivity Commission in relation to the evaluation of policies and programs that have an impact on Indigenous persons; and

  Corporations Act 2001

  and

  Treasury Laws Amendment (2016 Measures No. 1) Act 2017

  to make consequential amendments. 

  Bill | Explanatory Memorandum

• Treasury Laws Amendment (2017 Measures No. 6) Bill 2017

  Track (What's this?)

  Date

  14 Sep 2017 

  Chamber

  House of Representatives 

  Status

  Act 

  Portfolio

  Treasury 

  Summary

  Amends the:

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

  to ensure that supplies of digital currency receive equivalent goods and services tax treatment to supplies of money, particularly foreign currency; and

  Income Tax Assessment Act 1997

  to include the Centre For Entrepreneurial Research and Innovation on the list of deductible gift recipients. 

  Bill | Explanatory Memorandum

• Treasury Laws Amendment (2018 Measures No. 1) Bill 2018

  Track (What's this?)

  Date

  07 Feb 2018 

  Chamber

  House of Representatives 

  Status

  Act 

  Portfolio

  Treasury 

  Summary

  Amends the

  Income Tax Assessment Act 1997

  ,

  Small Superannuation Accounts Act 1995

  ,

  Superannuation Guarantee (Administration) Act 1992

  and

  Superannuation (Unclaimed Money and Lost Members) Act 1999

  to enable the Commissioner of Taxation to pay certain superannuation amounts directly to individuals with a terminal medical condition;

  Corporations Act 2001

  to modify the notification and reporting obligations applying to certain corporations that have property in receivership or property in respect of which a controller is acting;

  Income Tax Assessment Act 1997

  ,

  Superannuation Laws Amendment (Capital Gains Tax Relief and Other Efficiency Measures) Act 2012

  and

  Tax Laws Amendment (2009 Measures No. 6) Act 2010

  to extend tax relief for merging superannuation funds until 1 July 2020;

  Australian Prudential Regulation Authority Act 1998

  to enable the Treasurer to take into account the ongoing cost of governing and maintaining the superannuation transaction network in determining the share of levy money that is payable to the Commonwealth;

  Retirement Savings Accounts Act 1997

  and

  Superannuation Industry (Supervision) Act 1993

  to transfer the regulator role for early release of superannuation benefits on compassionate grounds from the Chief Executive Medicare to the Commissioner of Taxation; and

  Taxation Administration Act 1953

  ,

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

  and

  Income Tax Assessment Act 1997

  to require purchasers of new residential premises and subdivisions of potential residential land to make a payment of part of the purchase price to the Australian Taxation Office. Also amends 13 Acts, and repeals seven Acts, to remove inoperative and spent provisions; and amends seven Acts to make consequential amendments. 

  Bill | Explanatory Memorandum

• Treasury Laws Amendment (2018 Measures No. 2) Bill 2018

  Track (What's this?)

  Date

  08 Feb 2018 

  Chamber

  House of Representatives 

  Status

  Not Proceeding 

  Portfolio

  Treasury 

  Summary

  Amends the:

  Corporations Act 2001

  and

  National Consumer Credit Protection Act 2009

  to allow regulations to provide for exemptions from the Australian Financial Services Licence and Australian Credit Licence requirements for the purposes of testing financial and credit products and services under certain conditions;

  Income Tax Assessment Act 1997

  to amend the venture capital and early stage investor provisions to ensure that they operate as intended in relation to capital gains tax transactions, managed investment trusts and the early stage investor tax offset; and

  Income Tax Assessment Act 1936

  to amend the definition of public trading trusts. 

  Bill | Explanatory Memorandum

• Treasury Laws Amendment (2018 Measures No. 2) Bill 2019

  Track (What's this?)

  Date

  04 Jul 2019 

  Chamber

  House of Representatives 

  Status

  Act 

  Portfolio

  Treasury 

  Summary

  Amends the:

  Corporations Act 2001

  and

  National Consumer Credit Protection Act 2009

  to allow regulations to provide for exemptions from the Australian Financial Services Licence and Australian Credit Licence requirements for the purposes of testing financial and credit products and services under certain conditions;

  Income Tax Assessment Act 1997

  to amend the venture capital and early stage investor provisions to ensure that they operate as intended in relation to capital gains tax transactions, managed investment trusts and the early stage investor tax offset; and

  Income Tax Assessment Act 1936

  to amend the definition of public trading trusts. Also provides for an independent review of the operation of the exemptions from the Australian Financial Services Licence and Australian Credit Licence requirements. 

  Bill | Explanatory Memorandum

• Treasury Laws Amendment (2018 Measures No. 3) Bill 2018

  Track (What's this?)

  Date

  15 Feb 2018 

  Chamber

  House of Representatives 

  Status

  Act 

  Portfolio

  Treasury 

  Summary

  Amends the

  Competition and Consumer Act 2010

  to: align the maximum penalties under the Australian Consumer Law (ACL) with the maximum penalties under the competition provisions of the Act; amend the ACL to provide for a safe harbour defence to an allegation of false, misleading or deceptive conduct where a person has complied with an information standard about free range eggs; and ensure the confidentiality of supplier information obtained by the Australian Energy Regulator in performing its wholesale market monitoring and reporting functions. 

  Bill | Explanatory Memorandum

• Treasury Laws Amendment (2018 Measures No. 4) Bill 2018

  Track (What's this?)

  Date

  28 Mar 2018 

  Chamber

  House of Representatives 

  Status

  Act 

  Portfolio

  Treasury 

  Summary

  Amends: taxation legislation to: enable the Commissioner of Taxation to issue directions to employers to pay unpaid superannuation guarantee and undertake superannuation guarantee education courses, and to disclose more information about superannuation guarantee non-compliance to affected employees; extend Single Touch Payroll reporting to all employers; require more regular reporting by superannuation funds; strengthen the commissioner’s ability to collect superannuation guarantee charge and pay as you go withholding liabilities; enable the pre-filling of an individual’s tax file number declaration and superannuation standard choice force form by the commissioner to the individual’s employer; and enable the sharing and verification of tax file numbers between the commissioner and Commonwealth agencies; the

  Superannuation Legislation Amendment (MySuper Core Provisions) Act 2012

  to clarify the commencement of certain provisions; the

  Tax Laws Amendment (Implementation of the Common Reporting Standard) Act 2016

  to ensure that financial institutions report information about financial accounts held by foreign tax residents as intended; the

  Fuel Tax Act 2006

  ,

  Income Tax Assessment Act 1997

  and

  Taxation Administration Act 1953

  to make amendments consequential on regulations; five Acts to rewrite provisions in relation to offshore information notices from the

  Income Tax Assessment Act 1936

  to the

  Taxation Administration Act 1953

  and apply those provisions to all tax-related liabilities; 10 Acts to make miscellaneous amendments; the

  Superannuation (Resolution of Complaints) Act 1993

  to enable the disclosure of certain information acquired in connection with a complaint made to the Superannuation Complaints Tribunal; and the

  Income Tax Assessment Act 1997

  to update the list of deductible gift recipients. 

  Bill | Explanatory Memorandum

• Treasury Laws Amendment (2018 Measures No. 5) Bill 2018

  Track (What's this?)

  Date

  20 Sep 2018 

  Chamber

  House of Representatives 

  Status

  Act 

  Portfolio

  Treasury 

  Summary

  Amends: five Acts to make technical amendments to the income tax law in relation to attribution managed investment trusts (AMITs) and managed investment trust (MITs), including modifications to the AMIT primary and transitional rules, and MIT and AMIT capital gains tax and withholding tax rules; the

  Income Tax Assessment Act 1997

  to: update the list of specifically listed deductible gift recipients (DGRs) to include six new entities; and provide that entities that promote Indigenous languages may be endorsed as a DGR; and the

  Competition and Consumer Act 2010

  to remove the exemption for conditional licensing or assignment of IP rights such as patents, registered designs, copyright or eligible circuit layout rights from prohibitions on restrictive trade practices. 

  Bill | Explanatory Memorandum

• Treasury Laws Amendment (2018 Superannuation Measures No. 1) Bill 2018

  Track (What's this?)

  Date

  24 May 2018 

  Chamber

  House of Representatives 

  Status

  Not Proceeding 

  Portfolio

  Treasury 

  Summary

  Amends the:

  Income Tax Assessment Act 1997

  and

  Superannuation Guarantee (Administration) Act 1992

  to provide for a one-off 12 month amnesty to encourage employers to self-correct historical superannuation guarantee non-compliance;

  Superannuation Guarantee (Administration) Act 1992

  to enable certain employees with multiple employers to apply for an employer shortfall exemption certificate which prevents their employer from having a superannuation guarantee shortfall if they do not make contributions for a period;

  Administrative Decisions (Judicial Review) Act 1977

  to make consequential amendments;

  Income Tax Assessment Act 1997

  to ensure that a superannuation entity’s non-arm’s length income includes income where expenditure in gaining or producing it was not an arm’s length expense; and

  Income Tax Assessment Act 1997

  ,

  Taxation Administration Act 1953

  and

  Income Tax (Transitional Provisions) Act 1997

  to ensure that, in certain circumstances involving limited recourse borrowing arrangements, the total value of a superannuation fund’s assets is taken into account in working out individual members’ total superannuation balances. 

  Bill | Explanatory Memorandum

• Treasury Laws Amendment (2018 Superannuation Measures No. 1) Bill 2019

  Track (What's this?)

  Date

  24 Jul 2019 

  Chamber

  House of Representatives 

  Status

  Act 

  Portfolio

  Treasury 

  Summary

  Amends the:

  Superannuation Guarantee (Administration) Act 1992

  to enable certain employees with multiple employers to apply for an employer shortfall exemption certificate which prevents their employer from having a superannuation guarantee shortfall if they do not make contributions for a period;

  Administrative Decisions (Judicial Review) Act 1977

  to make consequential amendments;

  Income Tax Assessment Act 1997

  to ensure that a superannuation entity's non-arm's length income includes income where expenditure in gaining or producing it was not an arm's length expense; and

  Income Tax Assessment Act 1997

  ,

  Taxation Administration Act 1953

  and

  Income Tax (Transitional Provisions) Act 1997

  to ensure that, in certain circumstances involving limited recourse borrowing arrangements, the total value of a superannuation fund's assets is taken into account in working out individual members' total superannuation balances. 

  Bill | Explanatory Memorandum