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TOTAL RESULTS: 3785

• Clean Energy (Excise Tariff Legislation Amendment) Bill 2012

  Track (What's this?)

  Date

  23 May 2012 

  Chamber

  House of Representatives 

  Status

  Act 

  Portfolio

  Treasury 

  Summary

  Part of a package of three bills to include non-transport gaseous fuels in the carbon pricing mechanism, the bill amends the

  Excise Act 1901

  and

  Excise Tariff Act 1921

  to provide that the non-transport use of compressed natural gas is exempt from excise duty. 

  Bill | Explanatory Memorandum

• Clean Energy Finance Corporation Bill 2012

  Track (What's this?)

  Date

  23 May 2012 

  Chamber

  House of Representatives 

  Status

  Act 

  Portfolio

  Treasury 

  Summary

  The bill: establishes the Clean Energy Finance Corporation as a body corporate; establishes the Clean Energy Finance Corporation Special Account and appropriates funds to that account; establishes the board of the corporation responsible for decision making and managing the corporation’s investments; requires responsible ministers to issue an investment mandate to the board about the performance of its functions; requires the board to formulate and publish policies relating to the investment strategy for the corporation, benchmarks and standards for assessing the performance of the corporation and risk management strategy; provides for the corporation to share information with certain organisations; and provides for a review of the operation of the Act and other related matters to be undertaken as soon as practicable after 1 July 2016. 

  Bill | Explanatory Memorandum

• Tax Laws Amendment (Medicare Levy and Medicare Levy Surcharge) Bill 2012

  Track (What's this?)

  Date

  10 May 2012 

  Chamber

  House of Representatives 

  Status

  Act 

  Portfolio

  Treasury 

  Summary

  Amends the

  A New Tax System (Medicare Levy Surcharge—Fringe Benefits) Act 1999

  and

  Medicare Levy Act 1986

  to: increase the Medicare levy and Medicare levy surcharge low-income threshold amounts for individuals, families and pensioners below pension age; and increase the phase-in limits as a result of the increased threshold amounts. Also makes consequential amendments to the

  Clean Energy (Tax Laws Amendments) Act 2011

  . 

  Bill | Explanatory Memorandum

• Federal Financial Relations Amendment (National Health Reform) Bill 2012

  Track (What's this?)

  Date

  22 Mar 2012 

  Chamber

  House of Representatives 

  Status

  Act 

  Portfolio

  Treasury 

  Summary

  Amends the

  Federal Financial Relations Act 2009

  to: index and subsequently adjust the national disability specific purpose payment; replace the national healthcare specific purpose payment with national health reform payment funding; and remove the requirement to separately determine components of GST revenue for the purposes of the minister’s annual determination of GST revenue. 

  Bill | Explanatory Memorandum

• Tax Laws Amendment (Shipping Reform) Bill 2012

  Track (What's this?)

  Date

  22 Mar 2012 

  Chamber

  House of Representatives 

  Status

  Act 

  Portfolio

  Treasury 

  Summary

  Part of a package of five bills in relation to the Australian shipping industry, the bill amends the:

  Income Tax Assessment Act 1997

  to provide for: a new category of exempt income for ship operators under certain circumstances; an accelerated depreciation of shipping vessels through a cap of 10 years to the effective life of those vessels; roll-over relief from income tax for eligible ship owners; a refundable tax offset for employers of Australian resident seafarers in certain circumstances; and the disclosure of tax information by the Australian Taxation Office in certain circumstances; and

  Income Tax Assessment Act 1936

  to exempt from royalty withholding tax payments made for the lease of shipping vessels in certain circumstances. 

  Bill | Explanatory Memorandum

• Tax Laws Amendment (2012 Measures No. 1) Bill 2012

  Track (What's this?)

  Date

  21 Mar 2012 

  Chamber

  House of Representatives 

  Status

  Act 

  Portfolio

  Treasury 

  Summary

  Amends the:

  Income Tax Assessment Act 1997

  to: ensure that expenses incurred in gaining or producing a rebatable benefit are not deductible; provide that complying superannuation entities cannot account for gains and losses on certain assets on revenue account using the trading stock exception; and exempt from income tax ex-gratia payments to New Zealand non-protected special category visa holders for the floods that occurred in New South Wales and Queensland in early 2012;

  Income Tax Assessment Act 1936

  to commence the phase out of the dependent spouse tax offset by restricting eligibility for the offset to taxpayers with a dependent spouse born before 1 July 1952; and

  Income Tax Assessment Act 1997

  ,

  Minerals Resource Rent Tax Act 2012

  , and

  Taxation Administration Act 1953

  to make technical amendments. 

  Bill | Explanatory Memorandum

• Tax and Superannuation Laws Amendment (2012 Measures No. 1) Bill 2012

  Track (What's this?)

  Date

  01 Mar 2012 

  Chamber

  House of Representatives 

  Status

  Act 

  Portfolio

  Treasury 

  Summary

  Amends the:

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

  to provide: that a supply made by a health care provider to an insurer, statutory compensation scheme operator, compulsory third party scheme operator or a government entity is treated as GST-free supply; and that non-commercial activities of government related entites are not subject to GST;

  Income Tax Assessment Act 1997

  to pause the indexation of the superannuation concessional contributions cap during the 2013-14 financial year;

  Income Tax Assessment Act 1997

  ,

  Superannuation (Government Co-contribution for Low Income Earners) Act 2003

  ,

  Taxation Administration Act 1953

  and

  Taxation (Interest on Overpayments and Early Payments) Act 1983

  to allow eligible individuals the option to have excess concessional contributions taken out of their superannuation fund and assessed at their marginal tax rates;

  Taxation Administration Act 1953

  to: permit the Australian Taxation Office to disclose individual’s superannuation information to superannuation entities and their administrators for certain purposes; and provide the Commisioner of Taxation with a discretion to delay refunding an amount to a taxpayer pending integrity checks of their claim; and

  Superannuation Industry (Supervision) Act 1993

  to require employers to report, on payslips, any information prescribed in the regulations about superannuation contributions. 

  Bill | Explanatory Memorandum

• Corporations Legislation Amendment (Audit Enhancement) Bill 2012

  Track (What's this?)

  Date

  29 Feb 2012 

  Chamber

  House of Representatives 

  Status

  Act 

  Portfolio

  Treasury 

  Summary

  Amends the:

  Corporations Act 2001

  to: enable directors of a listed company or listed registered scheme to extend the auditor rotation period for up to two years in certain circumstances; and require auditors who audit 10 or more certain types of entities to publish a transparency report; and

  Australian Securities and Investments Commission Act 2001

  to: revise the functions of the Financial Reporting Council (FRC) to require the FRC to provide the minister and professional accounting bodies with strategic policy advice and reports in relation to the quality of audits conducted by Australian auditors; enable the Australian Securities and Investments Commission (ASIC) to publish an audit deficiency report in relation to specified audit failures by an Australian auditor identified by ASIC; and enable ASIC to communicate certain information obtained during an audit directly with an audited body. 

  Bill | Explanatory Memorandum

• Indirect Tax Laws Amendment (Assessment) Bill 2012

  Track (What's this?)

  Date

  29 Feb 2012 

  Chamber

  House of Representatives 

  Status

  Act 

  Portfolio

  Treasury 

  Summary

  Amends the:

  Taxation Administration Act 1953

  , proposed

  Minerals Resource Rent Tax (Consequential Amendments and Transitional Provisions) Act 2012

  and eight other Acts to align the self actuating system for the goods and services tax, the luxury car tax, the wine equalisation tax and fuel tax credits with the self assessment system for income tax;

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

  and

  Fuel Tax Act 2006

  to allow the Commissioner of Taxation to make a determination allowing a taxpayer to account for errors in relation to net amounts or net fuel amounts for prior tax and fuel tax return periods, providing the error is corrected during the relevant period of review;

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

  ,

  A New Tax System (Luxury Car Tax) Act 1999

  and

  A New Tax System (Wine Equalisation Tax) Act 1999

  to clarify the definition of ‘net amount’; and

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

  ,

  Fuel Tax Act 2006

  ,

  Income Tax Assessment Act 1997

  and

  Taxation Administration Act 1953

  to make technical amendments. 

  Bill | Explanatory Memorandum

• Superannuation Legislation Amendment (Trustee Obligations and Prudential Standards) Bill 2012

  Track (What's this?)

  Date

  16 Feb 2012 

  Chamber

  House of Representatives 

  Status

  Act 

  Portfolio

  Treasury 

  Summary

  Further to the Superannuation Legislation Amendment (MySuper Core Provisions) Bill 2011, the bill amends the

  Superannuation Industry (Supervision) Act 1993

  to: expand the duties for registrable superannuation entity (RSE) licensees; apply new trustee duties to RSE licensees of an RSE that offers a MySuper product; apply duties to the directors of corporate trustees; provide the Australian Prudential Regulation Authority with the power to issue prudential standards in relation to superannuation prudential matters; and make consequential amendments. 

  Bill | Explanatory Memorandum