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TOTAL RESULTS: 3785

• Private Health Insurance (Prudential Supervision) Bill 2015

  Track (What's this?)

  Date

  27 May 2015 

  Chamber

  House of Representatives 

  Status

  Act 

  Portfolio

  Treasury 

  Summary

  Part of a package of five bills to create a regime for the prudential regulation of private health insurers, the bill: transfers the prudential supervisory functions from the Private Health Insurance Administration Council to the Australian Prudential Regulation Authority (APRA); provides for the registration of private health insurers and prohibits unregistered entities from carrying on a health related business; requires private health insurers to have health benefit funds; provides that APRA approves restructures, mergers, acquisitions and terminations of health benefit funds; empowers APRA to appoint an external manager of a health benefit fund; outlines duties and liabilities of directors; enables APRA to establish prudential standards and to exercise powers under the standards; outlines obligations of private health insurers; provides for the monitoring and investigation of private health insurers; provides that APRA can obtain an enforceable undertaking from a person in connection with a matter in relation to which APRA has a power or function; provides that APRA may seek remedies for a contravention of an enforceable obligation; provides for the Administrative Review Tribunal to review decisions made by APRA; and sets out matters in relation to approvals, determinations and rules. 

  Bill | Explanatory Memorandum

• Private Health Insurance (Risk Equalisation Levy) Amendment Bill 2015

  Track (What's this?)

  Date

  27 May 2015 

  Chamber

  House of Representatives 

  Status

  Act 

  Portfolio

  Treasury 

  Summary

  Part of a package of five bills to create a regime for the prudential regulation of private health insurers, the bill amends the

  Private Health Insurance (Risk Equalisation Levy) Act 2003

  to provide that the Australian Prudential Regulation Authority determines and administers the risk equalisation levy imposed on bodies registered as private health insurers. 

  Bill | Explanatory Memorandum

• Private Health Insurance Supervisory Levy Imposition Bill 2015

  Track (What's this?)

  Date

  27 May 2015 

  Chamber

  House of Representatives 

  Status

  Act 

  Portfolio

  Treasury 

  Summary

  Part of a package of five bills to create a regime for the prudential regulation of private health insurers, the bill provides for the imposition of an annual supervisory levy (from the 2016-17 financial year) on bodies registered as private health insurers to recover the Australian Prudential Regulation Authority’s costs incurred in regulating that industry. 

  Bill | Explanatory Memorandum

• Renewable Energy (Electricity) Amendment Bill 2015

  Track (What's this?)

  Date

  27 May 2015 

  Chamber

  House of Representatives 

  Status

  Act 

  Portfolio

  Environment 

  Summary

  Amends the:

  Renewable Energy (Electricity) Act 2000

  to: adjust the required GWh of renewable source electricity in each year from 2016 to 2030 with a GWh target of 33000 GWH in 2020; and replace the current partial exemption for electricity used in emissions-intensive trade-exposed activities with a full exemption;

  Renewable Energy (Electricity) Act 2000

  and

  Climate Change Authority Act 2011

  to remove the requirement for the Climate Change Authority to undertake biennial reviews on the operation of the

  Renewable Energy (Electricity) Act 2000

  and subordinate regulations; and Renewable Energy (Electricity) Regulations 2001 to reinstate native forest wood waste as an eligible source of renewable energy. 

  Bill | Explanatory Memorandum

• Tax and Superannuation Laws Amendment (2015 Measures No. 1) Bill 2015

  Track (What's this?)

  Date

  27 May 2015 

  Chamber

  House of Representatives 

  Status

  Act 

  Portfolio

  Treasury 

  Summary

  Amends the:

  Income Tax Assessment Act 1936

  ,

  Income Tax Assessment Act 1997

  ,

  Medicare Levy Act 1986

  and

  Tax and Superannuation Laws Amendment (2014 Measures No. 1) Act 2014

  to abolish the dependent spouse tax offset;

  Income Tax Assessment Act 1936

  in relation to the offshore banking unit regime;

  Income Tax Assessment Act 1997

  to exempt the Global Infrastructure Hub Ltd from income tax liability;

  Income Tax Assessment Act 1997

  and

  Tax and Superannuation Laws Amendment (2013 Measures No. 2) Act 2013

  to update the list of deductible gift recipients; 16 Acts to make technical and miscellaneous amendments; and

  Income Tax Assessment Act 1936

  ,

  Income Tax Assessment Act 1997

  and

  Income Tax (Transitional Provisions) Act 1997

  to enable foreign entities to qualify for concessions under the investment manager regime either by investing directly in Australia or investing through an Australian fund manager. Also repeals the

  First Home Saver Account Providers Supervisory Levy Imposition Act 2008

  ,

  First Home Saver Accounts Act 2008

  and

  Income Tax (First Home Saver Accounts Misuse Tax) Act 2008

  and makes consequential amendments to 18 Acts to abolish the first home saver accounts scheme. 

  Bill | Explanatory Memorandum

• Tax and Superannuation Laws Amendment (Medicare Levy and Medicare Levy Surcharge) Bill 2015

  Track (What's this?)

  Date

  27 May 2015 

  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 single taxpayers 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

• Social Services Legislation Amendment (No. 2) Bill 2015

  Track (What's this?)

  Date

  28 May 2015 

  Chamber

  House of Representatives 

  Status

  Act 

  Portfolio

  Social Services 

  Summary

  Amends the:

  Social Security Act 1991

  and

  Social Security (Administration) Act 1999

  to abolish certain incentive payments in relation to income management;

  Social Security (Administration) Act 1999

  in relation to the operation of the income management regime and vulnerable welfare payment recipients;

  Income Tax Assessment Act 1997

  to make consequential amendments;

  Aged Care Act 1997

  and

  Aged Care (Transitional Provisions) Act 1997

  to cease the payment of residential care subsidy for care recipients during a period of leave taken before entering a residential care service; and

  Aged Care Act 1997

  to abolish the Aged Care Planning Advisory Committees. 

  Bill | Explanatory Memorandum

• Superannuation Guarantee (Administration) Amendment Bill 2015

  Track (What's this?)

  Date

  28 May 2015 

  Chamber

  House of Representatives 

  Status

  Act 

  Portfolio

  Treasury 

  Summary

  Amends the

  Superannuation Guarantee (Administration) Act 1992

  to remove the obligation for employers to offer a choice of superannuation fund to temporary resident employees, or when superannuation funds merge. 

  Bill | Explanatory Memorandum

• Tax Laws Amendment (Small Business Measures No. 1) Bill 2015

  Track (What's this?)

  Date

  28 May 2015 

  Chamber

  House of Representatives 

  Status

  Act 

  Portfolio

  Treasury 

  Summary

  Amends the:

  Income Tax Rates Act 1986

  to reduce the company tax rate from 30 per cent to 28.5 per cent for companies that are small business entities with an aggregated turnover of less than $2 million; and

  Income Tax Assessment Act 1936

  ,

  Income Tax Assessment Act 1997

  ,

  Income Tax Rates Act 1986

  and proposed

  Tax and Superannuation Laws Amendment (2015 Measures No. 1) Act 2015

  to make consequential amendments. 

  Bill | Explanatory Memorandum

• Tax Laws Amendment (Small Business Measures No. 2) Bill 2015

  Track (What's this?)

  Date

  28 May 2015 

  Chamber

  House of Representatives 

  Status

  Act 

  Portfolio

  Treasury 

  Summary

  Amends the:

  Income Tax Assessment Act 1997

  and

  Income Tax (Transitional Provisions) Act 1997

  to temporarily increase the threshold under which certain depreciating assets, costs incurred in relation to depreciating assets and general small business pools can be written off; and

  Income Tax Assessment Act 1997

  to: make consequential amendments; enable primary producers to claim an immediate deduction for capital expenditure on water facilities and fencing assets; and deduct capital expenditure on fodder storage assets over three years. 

  Bill | Explanatory Memorandum