Diverted Profits Tax Bill 2017

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

Summary

Introduced with the Treasury Laws Amendment (Combating Multinational Tax Avoidance) Bill 2017, the bill imposes a diverted profits tax at a rate of 40 per cent on the amount of a significant global entity’s diverted profits.

Progress

House of Representatives
Introduced and read a first time	09 Feb 2017
Second reading moved	09 Feb 2017
Second reading debate	21 Mar 2017
Second reading agreed to	21 Mar 2017
Third reading agreed to	21 Mar 2017

Senate
Introduced and read a first time	23 Mar 2017
Second reading moved	23 Mar 2017
Second reading debate	27 Mar 2017
Second reading agreed to	27 Mar 2017
Committee of the Whole debate	27 Mar 2017
Third reading agreed to	27 Mar 2017


Finally passed both Houses	27 Mar 2017
Assent Act no: 21 Year: 2017	04 Apr 2017

Documents and transcripts

Text of bill

First reading

As passed by both Houses

Explanatory memoranda

Explanatory memorandum

Revised 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 (16/02/2017): Senate Economics Legislation Committee; Committee report (20/03/2017)
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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