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TOTAL RESULTS: 3785

• Treasury Laws Amendment (Medicare Levy and Medicare Levy Surcharge) Bill 2018

  Track (What's this?)

  Date

  24 May 2018 

  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 individual taxpayers and families eligible for the seniors and pensioners tax offset; and increase the phase-in limits as a result of the increased threshold amounts. 

  Bill | Explanatory Memorandum

• Treasury Laws Amendment (Tax Integrity and Other Measures No. 2) Bill 2018

  Track (What's this?)

  Date

  24 May 2018 

  Chamber

  House of Representatives 

  Status

  Act 

  Portfolio

  Treasury 

  Summary

  Amends the:

  Income Tax Assessment Act 1997

  to: implement the OECD hybrid mismatch rules by preventing entities that are liable to income tax in Australia from being able to avoid income taxation, or obtain a double non-taxation benefit, by exploiting differences between the tax treatment of entities and instruments across difference countries; deny imputation benefits on franked distributions made by an Australian corporate tax entity if all or part of the distribution gives rise to a foreign income deduction; clarify the expenditure that can be claimed under the film producer offset for films undertaking principal photography overseas; and include the Melbourne Korean War Memorial Committee Incorporated as a specifically listed deductible gift recipient between 1 January 2018 and 31 December 2019; and

  Income Tax Assessment Act 1936

  and

  Income Tax Assessment Act 1997

  to: implement the OECD hybrid mismatch rules by limiting the scope of the exemption for foreign branch income and preventing a deduction from arising for payments made by an Australian branch of a foreign bank to its head office in certain circumstances; prevent certain foreign equity distributions received by an Australian corporate tax entity from being non assessable non-exempt income if all or part of the distribution gives rise to a foreign income tax deduction; and provide an income tax exemption for the International Cricket Council Business Corporation FZ-LLC (IBC) and exempt from withholding tax payments of interest, dividend and royalties made to the IBC, for a five-year period. 

  Bill | Explanatory Memorandum

• Treasury Laws Amendment (Personal Income Tax Plan) Bill 2018

  Track (What's this?)

  Date

  09 May 2018 

  Chamber

  House of Representatives 

  Status

  Act 

  Portfolio

  Treasury 

  Summary

  Amends the:

  Income Tax Assessment Act 1997

  ,

  Income Tax Assessment Act 1936

  and

  Taxation Administration Act 1953

  to: introduce a low and middle income tax offset to reduce the tax payable by low and middle income earners that are Australian residents in the 2018-19, 2019-20, 2020-21 and 2021-22 financial years; and merge the low and middle income offset and the current low income tax offset into a new low income tax offset from the 2022-23 financial year;

  Income Tax Rates Act 1986

  to progressively increase the income tax rate thresholds in the 2018-19, 2022-23 and 2024-25 financial years; and Income Tax Assessment (1936 Act) Regulation 2015 and five Acts to make consequential amendments. 

  Bill | Explanatory Memorandum

• Corporations Amendment (Asia Region Funds Passport) Bill 2018

  Track (What's this?)

  Date

  28 Mar 2018 

  Chamber

  House of Representatives 

  Status

  Act 

  Portfolio

  Treasury 

  Summary

  Gives effect to the Australian Government’s commitment, as a signatory to the Memorandum of Cooperation (MOC) on the Establishment and Implementation of the Asia Region Funds Passport (the Passport), to introduce the Asia Region Funds Passport by amending the:

  Corporations Act 2001

  to: incorporate key definitions and the mechanism for incorporating the rules for passport funds into Australian domestic law; specify the processes for Australian and foreign passport funds to offer interests in Australia and for registration of passport funds; specify processes for deregistration of Australian passport funds and de-notification of foreign passport funds; set out requirements in relation to disclosure and financial reporting for foreign passport funds; and provide transitional arrangements for delegations of functions or powers by the minister and certain decisions of ASIC; and

  Anti-Money Laundering and Counter-Terrorism Financing Act 2006

  ,

  Australian Securities and Investments Commission Act 2001

  and

  Corporations Act 2001

  to make consequential amendments. 

  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 (ASIC Governance) Bill 2018

  Track (What's this?)

  Date

  28 Mar 2018 

  Chamber

  House of Representatives 

  Status

  Act 

  Portfolio

  Treasury 

  Summary

  Amends the:

  Australian Securities and Investments Commission Act 2001

  to enable the Governor-General to appoint a second Deputy Chairperson of the Australian Securities and Investments Commission; and

  Foreign Evidence Act 1994

  to make a consequential amendment. 

  Bill | Explanatory Memorandum

• Treasury Laws Amendment (Australian Consumer Law Review) Bill 2018

  Track (What's this?)

  Date

  28 Mar 2018 

  Chamber

  House of Representatives 

  Status

  Act 

  Portfolio

  Treasury 

  Summary

  Implements certain recommendations of the Australian Consumer Law Review Final Report by amending the:

  Competition and Consumer Act 2010

  to: amend evidentiary requirements to allow private litigants to rely on admitted facts from earlier proceedings; clarify the operation of unsolicited services provisions and unsolicited consumer agreements in a public place; ensure that fees or charges associated with pre-selected options must be included in the single price; strengthen the Australian Competition and Consumer Commission’s (ACCC) powers to obtain information about product safety; enable third parties to give effect to a community service order; and clarify the scope of the exemption from the consumer guarantees for the transport or storage of goods;

  Australian Securities and Investments Commission Act 2001

  and

  Competition and Consumer Act 2010

  to: extend the unconscionable conduct protections to publicly listed companies; and enable the ACCC and the Australian Securities and Investments Commission (ASIC) to investigate possible unfair contract terms; and

  Australian Securities and Investments Commission Act 2001

  to: correct inconsistent terminology for financial products that involve interests in land; and clarify the application of consumer protections to financial products. 

  Bill | Explanatory Memorandum

• Treasury Laws Amendment (Enhancing ASIC’s Capabilities) Bill 2018

  Track (What's this?)

  Date

  28 Mar 2018 

  Chamber

  House of Representatives 

  Status

  Act 

  Portfolio

  Treasury 

  Summary

  Amends the:

  Australian Securities and Investments Commission Act 2001

  to: require the Australian Securities and Investments Commission (ASIC) to consider the effects that the performance of its functions and the exercise of its powers will have on competition in the financial system; and remove the requirement for ASIC to engage staff under the

  Public Service Act 1999

  ; and

  Australian Securities and Investments Commission Act 2001

  ,

  Business Names Registration Act 2011

  ,

  Corporations Act 2001

  and

  Mutual Assistance in Business Regulation Act 1992

  to make consequential amendments. 

  Bill | Explanatory Memorandum

• Treasury Laws Amendment (OECD Multilateral Instrument) Bill 2018

  Track (What's this?)

  Date

  28 Mar 2018 

  Chamber

  House of Representatives 

  Status

  Act 

  Portfolio

  Treasury 

  Summary

  Amends the

  International Tax Agreements Act 1953

  to: give legislative effect to the

  Multilateral Convention to Implement Tax Treaty Related Measures to Prevent Base Erosion and Profit Shifting

  ; and make technical amendments. 

  Bill | Explanatory Memorandum

• Treasury Laws Amendment (Tax Integrity and Other Measures) Bill 2018

  Track (What's this?)

  Date

  28 Mar 2018 

  Chamber

  House of Representatives 

  Status

  Act 

  Portfolio

  Treasury 

  Summary

  Amends the:

  Income Tax Assessment Act 1936

  to provide that, when determining if the multinational anti-avoidance law applies to a scheme, supplies made and income received by a closely related trust or partnership are treated as being made or received by a foreign entity;

  Income Tax Assessment Act 1997

  to: include additional conditions that must be satisfied to apply the small business capital gains tax concessions to capital gains; and provide an income tax exemption for payments made under the Defence Force Ombudsman Scheme in relation to abuse by Australian Defence Force personnel; and

  Income Tax Assessment Act 1997

  ,

  Taxation Administration Act 1953

  and

  Venture Capital Act 2002

  to ensure that venture capital investment tax concessions are available for investments in fintech businesses. 

  Bill | Explanatory Memorandum