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TOTAL RESULTS: 3785

• Financial Sector Legislation Amendment (Review of Prudential Decisions) Bill 2008

  Track (What's this?)

  Date

  13 Feb 2008 

  Chamber

  Senate 

  Status

  Act 

  Portfolio

  Treasury 

  Summary

  Amends the:

  Banking Act 1959

  ,

  Insurance Act 1973

  ,

  Life Insurance Act 1995

  ,

  Superannuation Industry (Supervision) Act 1993

  ,

  Retirement Savings Accounts Act 1997

  ,

  Financial Sector Legislation Amendment (Simplifying Regulation and Review) Act 2007

  and

  Financial Sector Legislation Amendment (Discretionary Mutual Funds and Direct Offshore Foreign Insurers) Act 2007

  to introduce a court-based process for disqualifying an individual from operating an Australian Prudential Regulation Authority (APRA) regulated entity;

  Banking Act 1959

  ,

  Insurance Act 1973

  and

  Life Insurance Act 1995

  in relation to APRA’s specific direction powers;

  Superannuation Industry (Supervision) Act 1993

  to incorporate a materiality test into the trigger for APRA to issue a direction to freeze assets of a superannuation entity;

  Insurance Act 1973

  ,

  Life Insurance Act 1995

  and

  Superannuation Industry (Supervision) Act 1993

  to remove ministerial consent from administrative decisions made by APRA or the Australian Taxation Office (ATO) under those Acts; and

  Banking Act 1959

  ,

  Financial Sector (Collection of Data) Act 2001

  ,

  Insurance Act 1973

  ,

  Life Insurance Act 1995

  and

  Superannuation Industry (Supervision) Act 1993

  to apply merits review to appropriate decisions made by APRA or the ATO. Also makes consequential amendments to other Acts. 

  Bill | Explanatory Memorandum

• Tax Laws Amendment (2007 Measures No. 5) Bill 2007

  Track (What's this?)

  Date

  16 Aug 2007 

  Chamber

  House of Representatives 

  Status

  Act 

  Portfolio

  Treasury 

  Summary

  Amends the taxation laws in relation to: tax-exempt asset financing; thin capitalisation; capital gains tax marriage breakdown roll-over; income tax exemptions for the Prime Minister’s Prize for Australian History and Prize for Science; same business test cap removal; partial capital gains tax roll-over for statutory licenses; Australian property trusts and stapled securities; deductible gift recipients; film production offsets; tax deductibility for certain Australian research and development activities; and establishes Innovation Australia to administer innovation and venture capital programs. 

  Bill | Explanatory Memorandum

• Corporations (National Guarantee Fund Levies) Amendment Bill 2007

  Track (What's this?)

  Date

  21 Jun 2007 

  Chamber

  House of Representatives 

  Status

  Act 

  Portfolio

  Treasury 

  Summary

  Introduced with the Financial Sector Legislation Amendment (Discretionary Mutual Funds and Direct Offshore Foreign Insurers) Bill 2007, the bill amends the

  Corporations (National Guarantee Fund Levies) Act 2001

  to impose a cap on levies payable into the National Guarantee Fund (NGF) in any financial year equal to the minimum amount of the NGF determined for that year. 

  Bill | Explanatory Memorandum

• Financial Sector Legislation Amendment (Discretionary Mutual Funds and Direct Offshore Foreign Insurers) Bill 2007

  Track (What's this?)

  Date

  21 Jun 2007 

  Chamber

  House of Representatives 

  Status

  Act 

  Portfolio

  Treasury 

  Summary

  Introduced with the Corporations (National Guarantee Fund Levies) Amendment Bill 2007, the bill amends the

  Corporations Act 2001

  ,

  Financial Sector (Collection of Data) Act 2001

  and

  Insurance Act 1973

  to: prudentially regulate direct offshore foreign insurers and collect information on discretionary mutual funds (which will not be prudentially regulated); and makes an amendment consequential on the proposed

  Corporations (National Guarantee Fund Levies) Amendment Act 2007

  . 

  Bill | Explanatory Memorandum

• Financial Sector Legislation Amendment (Simplifying Regulation and Review) Bill 2007

  Track (What's this?)

  Date

  21 Jun 2007 

  Chamber

  House of Representatives 

  Status

  Act 

  Portfolio

  Treasury 

  Summary

  Amends the financial sector regulation law to: implement recommendations of the Taskforce on Reducing Regulation Burdens on Business to streamline and simplify prudential regulation; provide more equitable financial assistance to superannuation funds who have suffered loss as a result of fraud or theft; abolish the Special Protection Account; consolidate and rationalise prudential reporting requirements in the superannuation industry; close a regulatory gap for reporting contraventions of the market conduct and disclosure provisions in the

  Corporations Act 2001

  ; and makes technical amendments consequential on the enactment of the

  Legislative Instruments Act 2003

  . 

  Bill | Explanatory Memorandum

• International Tax Agreements Amendment Bill (No. 2) 2007

  Track (What's this?)

  Date

  21 Jun 2007 

  Chamber

  House of Representatives 

  Status

  Act 

  Portfolio

  Treasury 

  Summary

  Amends the

  International Tax Agreements Act 1953

  to give legislative authority to agreements between Australia and Finland, in relation to the avoidance of double taxation and the prevention of fiscal evasion. 

  Bill | Explanatory Memorandum

• Tax Laws Amendment (2007 Measures No. 4) Bill 2007

  Track (What's this?)

  Date

  21 Jun 2007 

  Chamber

  House of Representatives 

  Status

  Act 

  Portfolio

  Treasury 

  Summary

  Part of a package of three bills, the bill amends the taxation laws in relation to: foreign income tax offset rules; capital gains tax roll-over for medical defence organisations; superannuation funds investment in instalment warrants; updating the list of deductible gift recipients; increasing family trust flexibility; trustee beneficiary reporting rules; the transition to the simplified superannuation regime; and makes technical and other amendments in relation to: income tax deductibility for gifts to certain scholarship funds; the formula for the fringe benefit tax depreciation rate for a car; tax file number withholding from payments to certain exempt entities; and capital gains tax exemption for certain organisations. Also repeals the

  A New Tax System (Ultimate Beneficiary Non-disclosure Tax) Act (No. 1) 1999

  and

  A New Tax System (Ultimate Beneficiary Non-disclosure Tax) Act (No. 2) 1999

  . 

  Bill | Explanatory Memorandum

• Taxation (Trustee Beneficiary Non-disclosure Tax) Bill (No. 1) 2007

  Track (What's this?)

  Date

  21 Jun 2007 

  Chamber

  House of Representatives 

  Status

  Act 

  Portfolio

  Treasury 

  Summary

  Part of a package of three bills to amend the taxation laws, the bill imposes a trustee beneficiary non-disclosure tax at the rate of 46.5 per cent on the untaxed part of a share of the trust’s net income if the trustee fails to make a correct trustee beneficiary statement. 

  Bill | Explanatory Memorandum

• Taxation (Trustee Beneficiary Non-disclosure Tax) Bill (No. 2) 2007

  Track (What's this?)

  Date

  21 Jun 2007 

  Chamber

  House of Representatives 

  Status

  Act 

  Portfolio

  Treasury 

  Summary

  Part of a package of three bills to amend the taxation laws, the bill imposes a trustee beneficiary non-disclosure tax at the rate of 46.5 per cent on a share or part of a share of the trust’s net income if the trustee of a closely held trust becomes presently entitled to income attributable to the share (or part of it). 

  Bill | Explanatory Memorandum

• Trade Practices Legislation Amendment Bill (No. 1) 2007

  Track (What's this?)

  Date

  20 Jun 2007 

  Chamber

  House of Representatives 

  Status

  Act 

  Portfolio

  Treasury 

  Summary

  Amends the

  Trade Practices Act 1974

  to: create a second Deputy Chairperson position at the Australian Competition and Consumer Commission; clarify the operation of the misuse of market power and unconscionable conduct provisions; and makes consequential amendments to the

  Australian Securities and Investments Commission Act 2001

  , in relation to the application of the unconscionable conduct rules to the supply and acquisition of financial products and services. 

  Bill | Explanatory Memorandum