Medicare Levy Amendment (Attribution Managed Investment Trusts) Bill 2015

Type: Government
Portfolio: Treasury
Originating house: House of Representatives
Status: Act
Parliament no: 44

Summary

Part of a package of four bills to establish a new tax system for certain managed investment trusts, the bill amends the Medicare Levy Act 1986 to impose the two per cent Medicare levy on trustees of attribution management investment trusts in certain circumstances.

Progress

House of Representatives
Introduced and read a first time	03 Dec 2015
Second reading moved	03 Dec 2015
Second reading debate	10 Feb 2016
Second reading agreed to	10 Feb 2016
Third reading agreed to	10 Feb 2016

Senate
Introduced and read a first time	22 Feb 2016
Second reading moved	22 Feb 2016
Lapsed at prorogation	17 Apr 2016
Consideration of House of Reps message Details: In response to a request from the House, the Senate agreed to resume consideration of the bill	02 May 2016
Second reading moved	04 May 2016
Second reading debate	04 May 2016
Second reading agreed to	04 May 2016
Third reading agreed to	04 May 2016


Finally passed both Houses	04 May 2016
Assent Act no: 50 Year: 2016	05 May 2016

Documents and transcripts

Text of bill

First reading

As passed by both Houses

Explanatory memoranda

Explanatory memorandum

Transcript of speeches

Proposed amendments

No proposed amendments have been circulated.

Schedules of amendments

No documents at present

Notes

Referred to Committee (04/02/2016): Senate Economics Legislation Committee; Committee report (10/03/2016)
An electronic version of this Act is available on the Federal Register of Legislation (www.legislation.gov.au)

Helpful information

Text of bill

First reading: Text of the bill as introduced into the Parliament
Third reading: Prepared if the bill is amended by the house in which it was introduced. This version of the bill is then considered by the second house.
As passed by both houses: Final text of bill agreed to by both the House of Representatives and the Senate which is presented to the Governor-General for assent.

Explanatory memoranda

Explanatory memorandum: Accompanies and provides an explanation of the content of the introduced version (first reading) of the bill.
Supplementary explanatory memorandum: Accompanies and explains amendments proposed by the government to the bill.
Revised explanatory memorandum: Accompanies and explains the amended version (third reading) of the bill. It supersedes the explanatory memorandum.

Proposed amendments

Circulated by members and senators when they propose to make changes to the bill. For details about the outcome of proposed amendments please refer to either the Votes and Proceedings (House of Representatives) or the Journals (Senate).

Schedules of amendments

Schedules of amendments list amendments agreed to by the second house are communicated to the first house for consideration. Subsequent action by either house may also be included in a schedule.

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House of Representatives

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