Treasury Laws Amendment (Income Tax Relief) Bill 2016

Type: Government
Portfolio: Treasury
Originating house: House of Representatives
Status: Act
Parliament no: 45

Summary

Amends the Income Tax Rates Act 1986 to increase the third personal income tax threshold so that the rate of tax payable on taxable incomes from $80 001 to $87 000 for individuals is 32.5 per cent.

Progress

House of Representatives
Introduced and read a first time	01 Sep 2016
Second reading moved	01 Sep 2016
Second reading debate	15 Sep 2016
Referred to Federation Chamber	15 Sep 2016
Reported from Federation Chamber	10 Oct 2016
Second reading agreed to	10 Oct 2016
Third reading agreed to	10 Oct 2016

Senate
Introduced and read a first time	10 Oct 2016
Second reading moved	10 Oct 2016
Second reading debate	11 Oct 2016
Second reading agreed to	11 Oct 2016
Committee of the Whole debate	11 Oct 2016
Committee of the Whole debate	12 Oct 2016
Third reading agreed to	12 Oct 2016


Finally passed both Houses	12 Oct 2016
Assent Act no: 68 Year: 2016	20 Oct 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

Bills digest

Bills Digest

Notes

Referred to Committee (15/09/2016): Senate Economics Legislation Committee; Committee report (10/10/2016)
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.

Senate

House of Representatives

Get informed

Bills

Committees

Committees

Get involved

Visit Parliament

Website features

Parliamentary Departments