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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

• 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

• A New Tax System (Medicare Levy Surcharge—Fringe Benefits) Amendment Bill 2015

  Track (What's this?)

  Date

  26 Mar 2015 

  Chamber

  House of Representatives 

  Status

  Act 

  Portfolio

  Treasury 

  Summary

  Part of a package of eight bills to reform the legal and governance framework for Norfolk Island, the bill amends the

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

  to make amendments consequential on the repeal of the Medicare levy exemptions that currently apply to residents. 

  Bill | Explanatory Memorandum

• Tax and Superannuation Laws Amendment (Norfolk Island Reforms) Bill 2015

  Track (What's this?)

  Date

  26 Mar 2015 

  Chamber

  House of Representatives 

  Status

  Act 

  Portfolio

  Treasury 

  Summary

  Part of a package of eight bills to reform the legal and governance framework for Norfolk Island, the bill amends the:

  Income Tax Assessment Act 1936

  and

  Income Tax Assessment Act 1997

  to: remove an income tax exemption available to Norfolk Island residents, companies and trustees on income sourced from Norfolk Island and outside Australia; and to remove the full exemption from the Medicare levy for residents;

  Income Tax (Transitional Provisions) Act 1997

  to apply transitional arrangements to the capital gains tax liabilities of resident entities; and

  Superannuation Guarantee (Administration) Act 1992

  to: remove superannuation guarantee exemptions that apply to employers and employees in relation to work performed on Norfolk Island; and establish transitional arrangements which will phase in the superannuation guarantee over the next 12 years. 

  Bill | Explanatory Memorandum

• Tax and Superannuation Laws Amendment (Employee Share Schemes) Bill 2015

  Track (What's this?)

  Date

  25 Mar 2015 

  Chamber

  House of Representatives 

  Status

  Act 

  Portfolio

  Treasury 

  Summary

  Amends the:

  Income Tax Assessment Act 1936

  ,

  Income Tax Assessment Act 1997

  ,

  Income Tax (Transitional Provisions) Act 1997

  and

  Taxation Administration Act 1953

  in relation to the taxation of employee share schemes by: amending the taxing point for rights for employees of all corporate tax entities; and providing an additional tax concession for employees of certain small start-up companies; and

  Income Tax Assessment Act 1997

  to: enable the Commissioner of Taxation to approve a method for determining the market value of an asset or non-cash benefit for income tax purposes; and make technical amendments. 

  Bill | Explanatory Memorandum

• Excess Exploration Credit Tax Bill 2014

  Track (What's this?)

  Date

  04 Dec 2014 

  Chamber

  House of Representatives 

  Status

  Act 

  Portfolio

  Treasury 

  Summary

  Introduced with the Tax and Superannuation Laws Amendment (2014 Measures No. 7) Bill 2014, the bill imposes an excess exploration credit tax to recover any costs to the Commonwealth that may arise where an exploration company issues exploration credits in excess of their maximum exploration credit entitlement. 

  Bill | Explanatory Memorandum

• Tax and Superannuation Laws Amendment (2014 Measures No. 7) Bill 2014

  Track (What's this?)

  Date

  04 Dec 2014 

  Chamber

  House of Representatives 

  Status

  Act 

  Portfolio

  Treasury 

  Summary

  Introduced with the Excess Exploration Credit Tax Bill 2014, the bill amends: the

  Income Tax Assessment Act 1997

  and

  Taxation Administration Act 1953

  to provide individuals with an option to be taxed on the earnings associated with their excess superannuation non concessional contribution at their marginal tax rate; the

  Inspector-General of Taxation Act 2003

  and

  Ombudsman Act 1976

  to transfer the tax investigative and complaint handling functions of the Commonwealth Ombudsman to the Inspector-General of Taxation and merge that function with the existing function of conducting systemic reviews; the

  Income Tax Assessment Act 1997

  in relation to capital gains tax exemption for certain compensation or damages; the

  Income Tax Assessment Act 1997

  and

  Income Tax (Transitional Provisions) Act 1997

  to ensure that individuals whose superannuation benefits are involuntarily transferred from one superannuation plan to another plan are not disadvantaged through the transfer; the

  Taxation Administration Act 1953

  to: remove the need for a roll-over benefit statement to be provided to an individual whose superannuation benefits are involuntarily transferred; and allow taxation officers to record or disclose personal information in certain circumstances; the

  Income Tax Assessment Act 1936

  ,

  Income Tax Assessment Act 1997

  and

  Taxation Administration Act 1953

  to provide for an exploration development tax incentive for investment in small mineral exploration companies undertaking greenfields mineral exploration;

  Income Tax Assessment Act 1936

  ,

  Tax Agent Services Act 2009

  and

  Taxation Administration Act 1953

  to make consequential amendments; and 16 Acts to make technical amendments. 

  Bill | Explanatory Memorandum