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TOTAL RESULTS: 4139

• Treasury Laws Amendment (GST Low Value Goods) 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 (Goods and Services Tax) Act 1999

  to ensure that goods and services tax is payable on certain supplies of low value goods that are purchased by consumers and are imported into Australia; and

  Taxation Administration Act 1953

  to broaden administrative penalties for making false or misleading statements. 

  Bill | Explanatory Memorandum

• Treasury Laws Amendment (GST Integrity) Bill 2017

  Track (What's this?)

  Date

  01 Jun 2017 

  Chamber

  House of Representatives 

  Status

  Act 

  Portfolio

  Treasury 

  Summary

  Amends the

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

  to: introduce a reverse charge for business to business transactions between suppliers and purchasers of gold, silver and platinum to remove the opportunity for a supplier to avoid paying goods and services tax (GST) by liquidating; and ensure that entities cannot exploit the special GST treatment for second-hand goods to claim input tax credits by changing the form of a precious metal. 

  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 (Foreign Resident Capital Gains Withholding Payments) Bill 2017

  Track (What's this?)

  Date

  01 Jun 2017 

  Chamber

  House of Representatives 

  Status

  Act 

  Portfolio

  Treasury 

  Summary

  Amends the

  Taxation Administration Act 1953

  to modify the foreign resident capital gains withholding payments regime to: increase the withholding rate from 10 per cent to 12.5 per cent; and reduce the withholding threshold from $2 million to $750 000. 

  Bill | Explanatory Memorandum

• Treasury Laws Amendment (Foreign Investment) Bill 2024

  Track (What's this?)

  Date

  07 Feb 2024 

  Chamber

  House of Representatives 

  Status

  Act 

  Portfolio

  Treasury 

  Summary

  Introduced with the Foreign Acquisitions and Takeovers Fees Imposition Amendment Bill 2024, the bill amends the

  International Tax Agreements Act 1953

  to clarify any uncertainty associated with the interaction between certain taxes, such as foreign investment fees and similar state and territory property taxes, and double tax agreements implemented domestically. 

  Bill | Explanatory Memorandum

• Treasury Laws Amendment (Financial Services Compensation Scheme of Last Resort) Bill 2023

  Track (What's this?)

  Date

  08 Mar 2023 

  Chamber

  House of Representatives 

  Status

  Act 

  Portfolio

  Treasury 

  Summary

  Introduced with the Financial Accountability Regime Bill 2023, Financial Accountability Regime (Consequential Amendments) Bill 2023, Financial Services Compensation Scheme of Last Resort Levy Bill 2023 and Financial Services Compensation Scheme of Last Resort Levy (Collection) Bill 2023, the bill amends the

  Corporations Act 2001

  ,

  Australian Securities and Investments Commission Act 2001

  and

  National Consumer Credit Protection Act 2009

  to establish the financial services compensation scheme of last resort to provide compensation to eligible consumers in circumstances where an Australian Financial Complaints Authority determination awarding monetary compensation has been made in their favour, but which the relevant entity has not paid. 

  Bill | Explanatory Memorandum

• Treasury Laws Amendment (Financial Sector Regulation) Bill 2018

  Track (What's this?)

  Date

  28 Jun 2018 

  Chamber

  House of Representatives 

  Status

  Act 

  Portfolio

  Treasury 

  Summary

  Amends the:

  Financial Sector (Shareholdings) Act 1998

  to: increase from 15 per cent to 20 per cent the ownership restriction applying to life insurance and general insurance companies, authorised deposit-taking institutions (ADIs) and relevant holding companies; and create a streamlined path for owners of qualifying domestically incorporated companies with assets less than the relevant threshold applying to become a financial sector company; and

  Banking Act 1959

  to: enable the Australian Prudential Regulation Authority to grant a new entrant to the banking sector a time limited ADI licence; and correct a drafting error. 

  Bill | Explanatory Memorandum

• Treasury Laws Amendment (Financial Market Infrastructure and Other Measures) Bill 2024

  Track (What's this?)

  Date

  27 Mar 2024 

  Chamber

  House of Representatives 

  Status

  Act 

  Portfolio

  Treasury 

  Summary

  Amends the:

  Corporations Act 2001

  and 8 other Acts to implement recommendations by the Council of Financial Regulators in relation to Australia’s financial market infrastructure by: introducing a crisis management and resolution regime for domestic clearing and settlement (CS) facilities; expanding the licensing, supervisory and enforcement powers of the Australian Securities and Investments Commission (ASIC) and the Reserve Bank of Australia (RBA); and transferring certain powers relating to the licensing and supervision of CS facilities and financial markets to ASIC and the RBA;

  Australian Securities and Investments Commission Act 2001

  and

  Corporations Act 2001

  to phase-in new climate-related financial reporting requirements for entities; and

  Australian Securities and Investments Commission Act 2001

  ,

  Corporations Act 2001

  and

  Insurance Act 1973

  to make minor and technical amendments. 

  Bill | Explanatory Memorandum

• Treasury Laws Amendment (Fairer for Families and Farmers and Other Measures) Bill 2024

  Track (What's this?)

  Date

  27 Nov 2024 

  Chamber

  House of Representatives 

  Status

  Act 

  Portfolio

  Treasury 

  Summary

  Amends the:

  Australian Securities and Investments Commission Act 2001

  and

  Corporate Collective Investment Vehicle Framework and Other Measures Act 2002

  to facilitate the return of responsibility and resources for administering Commonwealth business registers from the Australian Taxation Office to the Australian Securities and Investments Commission, in winding up the Modernising Business Registers Program;

  Competition and Consumer Act 2010

  in relation to the regulation of safety and information standards and the penalty regime for industry codes;

  Housing Australia Act 2018

  to increase the cap on the Housing Australia Special Account to $4 billion; and

  Income Tax Assessment Act 1997

  to update the list of deductible gift recipients. Also amends 6 Acts in the Treasury portfolio to make miscellaneous and technical amendments and 2 other Acts to make contingent amendments. 

  Bill | Explanatory Memorandum

• Treasury Laws Amendment (Fair and Sustainable Superannuation) Bill 2016

  Track (What's this?)

  Date

  09 Nov 2016 

  Chamber

  House of Representatives 

  Status

  Act 

  Portfolio

  Treasury 

  Summary

  Introduced with the Superannuation (Excess Transfer Balance Tax) Imposition Bill 2016, the bill amends: five Acts to impose a $1.6 million cap on the amount of capital that can be transferred to the tax-free earnings retirement phase of superannuation; the

  Income Tax Assessment Act 1997

  and

  Taxation Administration Act 1953

  to: introduce additional income tax rules on recipients of certain defined benefit income streams in excess of $100 000 per annum; and reduce the threshold at which high-income earners pay Division 293 tax on their concessional taxed contribution to superannuation to $250 000; the

  Income Tax (Transitional Provisions) Act 1997

  to provide transitional capital gains tax relief for superannuation funds that adjust their asset allocations before 1 July 2017; the

  Income Tax Assessment Act 1997

  and

  Income Tax (Transitional Provisions) Act 1997

  to reduce the annual concessional contributions cap to $25 000 and the annual non-concessional contributions cap to $100 000; introduce criteria for an individual to be eligible for the non-concessional contributions cap and make minor amendments to the non-concessional contributions rules; and remove the anti-detriment deduction; the

  Superannuation Guarantee (Administration) Act 1992

  to amend how the maximum contribution base is determined; the

  Superannuation (Government Co-contribution for Low Income Earners) Act 2003

  to enable eligible low income earners to receive the low income superannuation tax offset; the

  Income Tax Assessment Act 1997

  to: remove the requirement that an individual must earn less than 10 per cent of their income to be able to claim a deduction for personal superannuation contributions; enable catch-up concessional contributions; extend the spouse superannuation tax offset; and amend the earnings tax exemption for complying superannuation funds, retirement savings account providers and life insurance companies; and 11 Acts to make administration and consequential amendments. 

  Bill | Explanatory Memorandum