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TOTAL RESULTS: 3785

• Treasury Laws Amendment (COVID-19 Economic Response) Bill 2021

  Track (What's this?)

  Date

  16 Jun 2021 

  Chamber

  House of Representatives 

  Status

  Act 

  Portfolio

  Treasury 

  Summary

  Amends the:

  Income Tax Assessment Act 1997

  to extend the concessional tax treatment of payments received during the 2021-22 financial year by eligible businesses under eligible COVID-19 recovery grant programs administered by a state or territory government or authority; and

  Taxation Administration Act 1953

  to enable tax information to be disclosed to Services Australia for the purposes of administering the COVID-19 disaster payment. 

  Bill | Explanatory Memorandum

• Treasury Laws Amendment (COVID-19 Economic Response No. 2) Bill 2021

  Track (What's this?)

  Date

  03 Aug 2021 

  Chamber

  House of Representatives 

  Status

  Act 

  Portfolio

  Treasury 

  Summary

  Amends the:

  Coronavirus Economic Response Package (Payments and Benefits) Act 2020

  to enable the Treasurer to make rules for economic response payments to provide support to an entity where they are adversely affected by restrictions imposed by a state or territory public health order that is directed at controlling the transmission of COVID-19;

  Taxation Administration Act 1953

  to enable tax information to be disclosed to Australian government agencies for the purposes of administering COVID-19 business support programs;

  Income Tax Assessment Act 1997

  to make payments received by eligible businesses under certain COVID-19 business support programs and Commonwealth COVID-19 disaster payments exempt from income tax; and

  Coronavirus Economic Response Package Omnibus (Measures No. 2) Act 2020

  to reinstate a temporary mechanism for ministers to change arrangements relating to meeting information and document requirements under Commonwealth legislation. 

  Bill | Explanatory Memorandum

• Treasury Laws Amendment (Cost of Living Support and Other Measures) Bill 2022

  Track (What's this?)

  Date

  30 Mar 2022 

  Chamber

  House of Representatives 

  Status

  Act 

  Portfolio

  Treasury 

  Summary

  Introduced with the Excise Tariff Amendment (Cost of Living Support) Bill 2022 and Customs Tariff Amendment (Cost of Living Support) Bill 2022, the bill 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 individual taxpayers and families eligible for the seniors and pensioners tax offset; and increase the phase-in limits as a result of the increased threshold amounts;

  Income Tax Assessment Act 1997

  to: provide an income tax deduction for taxpayers who incur relevant COVID-19 testing expenses in gaining or producing their assessable income; update the list of deductible gift recipients to include six new entities; and increase the low and middle income tax offset by $420 for the 2021-22 financial year;

  Corporations Act 2001

  to provide regulatory relief to allow businesses to create employee share schemes which they would otherwise be unable to operate due to requirements under the Act;

  Taxation Administration Act 1953

  to reduce the gross domestic product adjustment factor for the 2022-23 financial year to 2 per cent;

  National Health Act 1953

  to lower the Pharmaceutical Benefits Scheme safety net thresholds for concessional to 36 scripts and general to $1457.10 from 1 July 2022;

  Income Tax Assessment Act 1997

  ,

  Social Security Act 1991

  ,

  Social Security (Administration) Act 1999

  and

  Veterans' Entitlements Act 1986

  to provide for the payment of a cost of living payment of $250 to certain income support recipients, compensation payment recipients and concession card holders; and

  Product Stewardship (Oil) Regulations 2000

  to make consequential amendments. 

  Bill | Explanatory Memorandum

• Treasury Laws Amendment (Consumer Data Right) Bill 2019

  Track (What's this?)

  Date

  24 Jul 2019 

  Chamber

  House of Representatives 

  Status

  Act 

  Portfolio

  Treasury 

  Summary

  Amends the

  Competition and Consumer Act 2010

  ,

  Australian Information Commissioner Act 2010

  and

  Privacy Act 1988

  to create the Consumer Data Right to provide individuals and businesses with a right to access specified data in relation to them held by businesses. 

  Bill | Explanatory Memorandum

• Treasury Laws Amendment (Combating Multinational Tax Avoidance) Bill 2017

  Track (What's this?)

  Date

  09 Feb 2017 

  Chamber

  House of Representatives 

  Status

  Act 

  Portfolio

  Treasury 

  Summary

  Introduced with the Diverted Profits Tax Bill 2017, the bill amends: five Acts to provide for a diverted profits tax from 1 July 2017 to ensure that significant global entities are not able to avoid their tax obligations by diverting profits generated in Australia offshore; the

  Taxation Administration Act 1953

  to increase the administrative penalties that can be imposed by the Commissioner of Taxation on significant global entities for breaching their tax reporting obligations; and the

  Income Tax Assessment Act 1997

  to update the reference to Organisation for Economic Cooperation and Development (OECD) transfer pricing guidelines in Australia’s cross-border transfer pricing rules to include the 2016 OECD amendments to the guidelines. 

  Bill | Explanatory Memorandum

• Treasury Laws Amendment (Combating Illegal Phoenixing) Bill 2019

  Track (What's this?)

  Date

  04 Jul 2019 

  Chamber

  House of Representatives 

  Status

  Act 

  Portfolio

  Treasury 

  Summary

  Amends: the

  Corporations Act 2001

  to: introduce new criminal offences and civil penalty provisions for company officers that fail to prevent the company from making creditor-defeating dispositions and other persons that facilitate a company making a creditor-defeating disposition; allow liquidators to apply for a court order in relation to a voidable creditor-defeating disposition; enable the Australian Securities and Investments Commission to make orders to recover, for the benefit of a company’s creditors, company property disposed of or benefits received under a voidable creditor-defeating disposition; and prevent directors from improperly backdating resignations or ceasing to be a director when this would leave a company with no directors; the

  A New Tax System (Goods and Services Tax) Act 1999

  and

  Taxation Administration Act 1953

  to enable the Commissioner of Taxation to collect estimates of anticipated goods and services tax (GST) liabilities and make company directors personally liable for their company's GST liabilities in certain circumstances; the Taxation Administration Act 1953 to authorise the commissioner to retain tax refunds where a taxpayer has failed to lodge a return or provide other information that may affect the amount of a refund; and five Acts to make consequential amendments. 

  Bill | Explanatory Memorandum

• Treasury Laws Amendment (Bourke Street Fund) Bill 2017

  Track (What's this?)

  Date

  09 Feb 2017 

  Chamber

  House of Representatives 

  Status

  Act 

  Portfolio

  Treasury 

  Summary

  Amends the

  Income Tax Assessment Act 1997

  to include the Bourke Street Fund on the list of deductible gift recipients. 

  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 (Black Economy Taskforce Measures No. 1) Bill 2018

  Track (What's this?)

  Date

  07 Feb 2018 

  Chamber

  House of Representatives 

  Status

  Act 

  Portfolio

  Treasury 

  Summary

  Amends the:

  Income Tax Assessment Act 1997

  and

  Taxation Administration Act 1953

  to prohibit the production, distribution, possession and use of sales suppression tools in relation to entities that have Australian tax obligations; and

  Taxation Administration Act 1953

  to require entities that provide courier or cleaning services to report to the Australian Taxation Office details of transactions that involve engaging other entities to undertake those courier or cleaning services for them. 

  Bill | Explanatory Memorandum

• Treasury Laws Amendment (Banking Measures No. 1) Bill 2017

  Track (What's this?)

  Date

  19 Oct 2017 

  Chamber

  House of Representatives 

  Status

  Act 

  Portfolio

  Treasury 

  Summary

  Amends the:

  Banking Act 1959

  to: enable the Australian Prudential Regulation Authority (APRA) to makes rules and directions relating to the provision of finance by non-authorised deposit-taking institution lenders which APRA has identified may materially contribute to risks of instability in the Australian financial system; remove restrictions on the use of the term ‘bank’; and insert an objects provision;

  National Consumer Credit Protection Act 2009

  to: require that the suitability of a credit card contract is assessed on the consumer’s ability to repay the credit limit within a certain period; prohibit providers from making unsolicited credit limit offers in relation to credit card contracts and from retrospectively charging interest on credit card balances; and enable consumers to reduce credit card limits and terminate credit card contracts, including by online means; and

  Financial Sector (Collection of Data) Act 2001

  ,

  Insurance Act 1973

  ,

  Life Insurance Act 1995

  and

  National Consumer Credit Protection (Transitional and Consequential Provisions) Act 2009

  to make consequential amendments. 

  Bill | Explanatory Memorandum