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TOTAL RESULTS: 3785

• Treasury Laws Amendment (Registries Modernisation and Other Measures) Bill 2019

  Track (What's this?)

  Date

  04 Dec 2019 

  Chamber

  House of Representatives 

  Status

  Act 

  Portfolio

  Treasury 

  Summary

  Introduced with the Commonwealth Registers Bill 2019, Business Names Registration (Fees) Amendment (Registries Modernisation) Bill 2019, Corporations (Fees) Amendment (Registries Modernisation) Bill 2019 and National Consumer Credit Protection (Fees) Amendment (Registries Modernisation) Bill 2019 to create a new Commonwealth business registry regime, the bill: amends 12 Acts to bring 35 existing business registers into the new regime; and

  Corporations (Aboriginal and Torres Strait Islander) Act 2006

  ,

  Corporations Act 2001

  ,

  Income Tax Assessment Act 1936

  and

  Taxation Administration Act 1953

  to introduce a director identification number requirement. 

  Bill | Explanatory Memorandum

• Treasury Laws Amendment (Reuniting More Superannuation) Bill 2020

  Track (What's this?)

  Date

  06 Feb 2020 

  Chamber

  House of Representatives 

  Status

  Act 

  Portfolio

  Treasury 

  Summary

  Amends the:

  Retirement Savings Accounts Act 1997

  ,

  Superannuation Industry (Supervision) Act 1993

  and

  Superannuation (Unclaimed Money and Lost Members) Act 1999

  to: facilitate the closure of eligible rollover funds by 30 June 2021; and enable the Commissioner of Taxation to reunite amounts he or she receives from eligible rollover funds with a member's active account; and

  Income Tax Assessment Act 1997

  and

  Taxation Administration Act 1953

  to make consequential amendments. 

  Bill | Explanatory Memorandum

• Treasury Laws Amendment (Self Managed Superannuation Funds) Bill 2020

  Track (What's this?)

  Date

  02 Sep 2020 

  Chamber

  Senate 

  Status

  Act 

  Portfolio

  Treasury 

  Summary

  Amends the:

  Superannuation Industry (Supervision) Act 1993

  to increase the maximum number of allowable members from four to six in self managed superannuation funds and small APRA funds; and

  Corporations Act 2001

  ,

  Income Tax Assessment Act 1997

  ,

  Superannuation Industry (Supervision) Act 1993

  and

  Superannuation (Unclaimed Money and Lost Members) Act 1999

  to make consequential amendments. 

  Bill | Explanatory Memorandum

• Treasury Laws Amendment (Strengthening Corporate and Financial Sector Penalties) Bill 2018

  Track (What's this?)

  Date

  24 Oct 2018 

  Chamber

  House of Representatives 

  Status

  Act 

  Portfolio

  Treasury 

  Summary

  Implements certain recommendations of the ASIC Enforcement Review Taskforce by amending the

  Corporations Act 2001

  ,

  Australian Securities and Investments Commission Act 2001

  ,

  National Consumer Credit Protection Act 2009

  and

  Insurance Contracts Act 1984

  to: introduce a stronger penalty framework for corporate and financial sector misconduct; and make miscellaneous technical and consequential amendments. 

  Bill | Explanatory Memorandum

• Treasury Laws Amendment (Supporting Australian Farmers) Bill 2018

  Track (What's this?)

  Date

  13 Sep 2018 

  Chamber

  House of Representatives 

  Status

  Act 

  Portfolio

  Treasury 

  Summary

  Amends the

  Income Tax Assessment Act 1997

  to allow primary producers to immediately deduct (rather than depreciate over three years) the cost of fodder storage assets, such as silos and hay sheds, used to store grain and other animal feed. 

  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 (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

• Treasury Laws Amendment (Tax Relief So Working Australians Keep More Of Their Money) Bill 2019

  Track (What's this?)

  Date

  02 Jul 2019 

  Chamber

  House of Representatives 

  Status

  Act 

  Portfolio

  Treasury 

  Summary

  Amends the:

  Income Tax Assessment Act 1997

  to: increase the base and maximum amounts of the low and middle income tax offset to $255 and $1080, respectively, for the 2018-19, 2019-20, 2020-21 and 2021-22 financial years; and increase the maximum amount of the low income tax offset from $645 to $700 from the 2022-23 financial year; and

  Income Tax Rates Act 1986

  to reduce the tax payable by individuals from the 2022-23 financial year by increasing the top threshold of the 19 per cent income tax bracket from $41 000 to $45 000, and from the 2024-25 financial year by reducing the 32.5 per cent income tax rate to 30 per cent. 

  Bill | Explanatory Memorandum

• Treasury Laws Amendment (Timor Sea Maritime Boundaries Treaty) Bill 2019

  Track (What's this?)

  Date

  24 Jul 2019 

  Chamber

  House of Representatives 

  Status

  Act 

  Portfolio

  Treasury 

  Summary

  Further to the Timor Sea Maritime Boundaries Treaty Consequential Amendments Bill 2019 and Passenger Movement Charge Amendment (Timor Sea Maritime Boundaries Treaty) Bill 2019, the bill gives effect to tax arrangements required to implement the Treaty Between Australia and the Democratic Republic of Timor-Leste Establishing Their Maritime Boundaries in the Timor Sea (New York, 6 March 2018) by amending the

  Income Tax Assessment Act 1997

  to provide ‘conditions equivalent’ to participants in transitioned petroleum activities affected by the treaty. Also makes consequential amendments to six Acts. 

  Bill | Explanatory Memorandum

• Treasury Laws Amendment (Working Holiday Maker Employer Register) Bill 2017

  Track (What's this?)

  Date

  16 Feb 2017 

  Chamber

  House of Representatives 

  Status

  Act 

  Portfolio

  Treasury 

  Summary

  Amends the:

  A New Tax System (Australian Business Number) Act 1999

  to ensure that working holiday maker employer registration information is not publicly released; and

  Taxation Administration Act 1953

  to restrict the ability of the Commissioner of Taxation to provide certain protected information to the Fair Work Ombudsman. 

  Bill | Explanatory Memorandum