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TOTAL RESULTS: 3785

• Treasury Laws Amendment (Lower Taxes for Small and Medium Businesses) Bill 2018

  Track (What's this?)

  Date

  16 Oct 2018 

  Chamber

  House of Representatives 

  Status

  Act 

  Portfolio

  Treasury 

  Summary

  Brings forward tax relief for small and medium businesses by amending the

  Treasury Laws Amendment (Enterprise Tax Plan) Act 2017

  to: reduce the corporate tax rate for corporate tax entities that derive no more than 80 per cent of their income in passive forms and have an aggregated turnover of less than $50 million (base rate entities) to 26 per cent for the 2020-21 financial year and to 25 per cent from the 2021-22 financial year; increase the small business income tax offset rate for small businesses that have an aggregated turnover of less than $5 million to 13 per cent for the 2020-21 financial year and to 16 per cent from the 2021-22 financial year; and make consequential amendments. 

  Bill | Explanatory Memorandum

• Corporations Amendment (Strengthening Protections for Employee Entitlements) Bill 2018

  Track (What's this?)

  Date

  20 Sep 2018 

  Chamber

  House of Representatives 

  Status

  Act 

  Portfolio

  Treasury 

  Summary

  Amends the:

  Corporations Act 2001

  to: strengthen enforcement and recovery options to deter and penalise company directors and other persons who engage in, or facilitate, transactions that are aimed at preventing, avoiding or significantly reducing employer liability for employee entitlements in insolvency; enable the recovery of unpaid employee entitlements of an insolvent company from certain entities in limited circumstances; and enable the Australian Securities and Investments Commission to disqualify company directors and other officers (either directly or on application to the Court), where they have a track record of corporate contraventions and inappropriately using the Fair Entitlements Guarantee scheme to pay outstanding employee entitlements; and

  Corporations (Aboriginal and Torres Strait Islander) Act 2006

  to make a consequential amendment. 

  Bill | Explanatory Memorandum

• Excise Tariff Amendment (Collecting Tobacco Duties at Manufacture) Bill 2018

  Track (What's this?)

  Date

  20 Sep 2018 

  Chamber

  House of Representatives 

  Status

  Act 

  Portfolio

  Treasury 

  Summary

  Introduced with the Treasury Laws Amendment (Black Economy Taskforce Measures No. 2) Bill 2018, the bill amends the

  Excise Tariff Act 1921

  to establish a framework to make excise duty on tobacco due and payable at the time of manufacture. 

  Bill | Explanatory Memorandum

• Income Tax (Managed Investment Trust Withholding Tax) Amendment Bill 2018

  Track (What's this?)

  Date

  20 Sep 2018 

  Chamber

  House of Representatives 

  Status

  Act 

  Portfolio

  Treasury 

  Summary

  Introduced with the Treasury Laws Amendment (Making Sure Foreign Investors Pay Their Fair Share of Tax in Australia and Other Measures) Bill 2018 and Income Tax Rates Amendment (Sovereign Entities) Bill 2018, the bill amends the

  Income Tax (Managed Investment Trust Withholding Tax) Act 2008

  to make consequential amendments to specify that the managed investment trust (MIT) withholding rate on income attributable to non-concessional MIT income is 30 per cent. 

  Bill | Explanatory Memorandum

• Income Tax Rates Amendment (Sovereign Entities) Bill 2018

  Track (What's this?)

  Date

  20 Sep 2018 

  Chamber

  House of Representatives 

  Status

  Act 

  Portfolio

  Treasury 

  Summary

  Introduced with the Treasury Laws Amendment (Making Sure Foreign Investors Pay Their Fair Share of Tax in Australia and Other Measures) Bill 2018 and Income Tax (Managed Investment Trust Withholding Tax) Amendment Bill 2018, the bill amends the

  Income Tax Rates Act 1986

  to specify that sovereign entities are liable to income tax on taxable income at a rate of 30 per cent. 

  Bill | Explanatory Memorandum

• Treasury Laws Amendment (2018 Measures No. 5) Bill 2018

  Track (What's this?)

  Date

  20 Sep 2018 

  Chamber

  House of Representatives 

  Status

  Act 

  Portfolio

  Treasury 

  Summary

  Amends: five Acts to make technical amendments to the income tax law in relation to attribution managed investment trusts (AMITs) and managed investment trust (MITs), including modifications to the AMIT primary and transitional rules, and MIT and AMIT capital gains tax and withholding tax rules; the

  Income Tax Assessment Act 1997

  to: update the list of specifically listed deductible gift recipients (DGRs) to include six new entities; and provide that entities that promote Indigenous languages may be endorsed as a DGR; and the

  Competition and Consumer Act 2010

  to remove the exemption for conditional licensing or assignment of IP rights such as patents, registered designs, copyright or eligible circuit layout rights from prohibitions on restrictive trade practices. 

  Bill | Explanatory Memorandum

• Treasury Laws Amendment (Black Economy Taskforce Measures No. 2) Bill 2018

  Track (What's this?)

  Date

  20 Sep 2018 

  Chamber

  House of Representatives 

  Status

  Act 

  Portfolio

  Treasury 

  Summary

  Introduced with the Excise Tariff Amendment (Collecting Tobacco Duties at Manufacture) Bill 2018, the bill amends the:

  Income Tax Assessment Act 1997

  to remove the income tax deduction for certain payments if the associated withholding obligations have not been complied with;

  Taxation Administration Act 1953

  to require entities providing road freight, information technology or security, investigation or surveillance services that have an ABN to report to the Australian Taxation Office information about transactions in which other entities are engaged to undertake those services on their behalf; and

  Excise Act 1901

  and

  Taxation Administration Act 1953

  to establish a framework to make excise duty on tobacco due and payable at the time of manufacture. 

  Bill | Explanatory Memorandum

• Treasury Laws Amendment (Design and Distribution Obligations and Product Intervention Powers) Bill 2019

  Track (What's this?)

  Date

  20 Sep 2018 

  Chamber

  House of Representatives 

  Status

  Act 

  Portfolio

  Treasury 

  Summary

  Amends the:

  Corporations Act 2001

  to introduce design and distribution obligations in relation to financial products;

  Corporations Act 2001

  and

  National Consumer Credit Protection Act 2009

  to introduce a product intervention power for the Australian Securities and Investments Commission to prevent or respond to significant consumer detriment; and

  Australian Securities and Investments Commission Act 2001

  to make consequential amendments. 

  Bill | Explanatory Memorandum

• Treasury Laws Amendment (Gift Cards) Bill 2018

  Track (What's this?)

  Date

  20 Sep 2018 

  Chamber

  House of Representatives 

  Status

  Act 

  Portfolio

  Treasury 

  Summary

  Amends the

  Competition and Consumer Act 2010

  to introduce a national regime to regulate gift cards, including requirements that: gift cards must have a minimum three year expiry period; information about the expiry of a gift card must be displayed prominently on the card itself; terms and conditions cannot allow certain post-supply fees to be charged; and certain fees cannot be charged after a gift card is supplied. 

  Bill | Explanatory Memorandum

• Treasury Laws Amendment (Making Sure Foreign Investors Pay Their Fair Share of Tax in Australia and Other Measures) Bill 2019

  Track (What's this?)

  Date

  20 Sep 2018 

  Chamber

  House of Representatives 

  Status

  Act 

  Portfolio

  Treasury 

  Summary

  Introduced with the Income Tax (Managed Investment Trust Withholding Tax) Amendment Bill 2018 and Income Tax Rates Amendment (Sovereign Entities) Bill 2018, the bill amends the:

  Income Tax Assessment Act 1997

  and

  Taxation Administration Act 1953

  to limit access to tax concessions for foreign investors by increasing the managed investment trust (MIT) withholding rate on fund payments that are attributable to non-concessional MIT income (including MIT cross staple arrangement income) to 30 per cent;

  Income Tax Assessment Act 1997

  to modify the thin capitalisation rules to prevent double gearing structures;

  Income Tax Assessment Act 1936

  to limit access to tax concessions for foreign investors by limiting the withholding tax exemption for superannuation funds for foreign residents; and

  Income Tax Assessment Act 1936

  and

  Income Tax Assessment Act 1997

  to limit access to tax concessions for foreign investors by codifying and limiting the scope of the sovereign immunity tax exemption. 

  Bill | Explanatory Memorandum