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TOTAL RESULTS: 3785

• Tax and Superannuation Laws Amendment (Medicare Levy and Medicare Levy Surcharge) Bill 2016

  Track (What's this?)

  Date

  02 May 2016 

  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 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. 

  Bill | Explanatory Memorandum

• Financial System Legislation Amendment (Resilience and Collateral Protection) Bill 2016

  Track (What's this?)

  Date

  16 Mar 2016 

  Chamber

  House of Representatives 

  Status

  Act 

  Portfolio

  Treasury 

  Summary

  Amends the

  Payment Systems and Netting Act 1998

  to enable financial institutions to comply with internationally-agreed margining requirements when dealing in over-the-counter derivatives; and provide legal certainty about the operation of Australian law in relation to termination rights under certain financial market transactions and approved Real Time Gross Settlement systems, approved netting arrangements and netting markets in all market conditions. Also makes consequential amendments to five Acts. 

  Bill | Explanatory Memorandum

• Tax Laws Amendment (Tax Incentives for Innovation) Bill 2016

  Track (What's this?)

  Date

  16 Mar 2016 

  Chamber

  House of Representatives 

  Status

  Act 

  Portfolio

  Treasury 

  Summary

  Amends the:

  Income Tax Assessment Act 1997

  ,

  Income Tax Assessment Act 1936

  and

  Taxation Administration Act 1953

  to: create an early stage investor regime that provides tax incentives for qualifying investors through a non-refundable tax offset and capital gains tax exemption on innovation related investments; require early stage innovation companies to report on specific innovation related investments; and provide a mechanism for Innovation Australia to provide guidance about whether particular investment activities are ineligible activities;

  Income Tax Assessment Act 1997

  to: provide non-refundable carry-forward tax offsets for limited partners in early stage venture capital limited partnerships (ESVCLP); provide for a capital gains tax exemption for fixed and unit trust beneficiaries of partners in ESVCLPs; and exclude small entities from eligible venture capital investment auditor requirements;

  Venture Capital Act 2002

  to increase the maximum fund size for ESVCLPs to $200 million;

  Income Tax Assessment Act 1997

  and

  Venture Capital Act 2002

  to: remove the requirement that an ESVCLP divest an investment in an entity once the value of the entity’s assets exceeds $250 million; provide that an entity can invest in another entity and remain an eligible venture capital investment; and enable foreign venture capital funds of funds to hold more than 30 per cent of the committee capital of an ESVCLP and extend their access to capital gains tax and other income tax concessions in relation to eligible venture capital investments; and

  Income Tax Assessment Act 1936

  and

  Taxation Administration Act 1953

  to enable a managed investment trust to disregard its investment in, and through, an ESVCLP or venture capital limited partnership when determining if it is a trading trust. 

  Bill | Explanatory Memorandum

• Tax Laws Amendment (Norfolk Island CGT Exemption) Bill 2016

  Track (What's this?)

  Date

  11 Feb 2016 

  Chamber

  House of Representatives 

  Status

  Act 

  Portfolio

  Treasury 

  Summary

  Amends the

  Income Tax (Transitional Provisions) Act 1997

  to exempt assets held by Norfolk Island residents before 24 October 2015 from capital gains tax; and the

  Income Tax Assessment Act 1997

  to make consequential amendments. 

  Bill | Explanatory Memorandum

• Tax and Superannuation Laws Amendment (2016 Measures No. 1) Bill 2016

  Track (What's this?)

  Date

  10 Feb 2016 

  Chamber

  House of Representatives 

  Status

  Act 

  Portfolio

  Treasury 

  Summary

  Amends the:

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

  to ensure that the goods and services tax (GST) is applied consistently to all supplies of digital products and other imported services to Australian consumers; and relieve non-resident suppliers of the obligation to account for GST on certain supplies;

  A New Tax System (Australian Business Number) Act 1999

  ,

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

  and

  Taxation Administration Act 1953

  to make consequential amendments;

  Income Tax Assessment Act 1997

  to increase the maximum amount that can be held in farm management deposits (FMDs) by a primary producer to $800 000; and enable certain primary producers experiencing severe drought conditions to withdraw an amount that has been held in an FMD for less than 12 months;

  Income Tax Assessment Act 1997

  and

  Taxation Administration Act 1953

  to enable FMDs to be used to offset loans or other debts; and

  Income Tax Assessment Act 1997

  to make a technical amendment. 

  Bill | Explanatory Memorandum

• Tax Laws Amendment (Small Business Restructure Roll-over) Bill 2016

  Track (What's this?)

  Date

  04 Feb 2016 

  Chamber

  House of Representatives 

  Status

  Act 

  Portfolio

  Treasury 

  Summary

  Amends the

  Income Tax Assessment Act 1997

  to enable small businesses to defer the recognition of gains or losses that may arise from the transfer of capital gains tax assets, trading stock, revenue assets and depreciating assets as part of a restructure of their business. 

  Bill | Explanatory Memorandum

• Competition and Consumer Amendment (Payment Surcharges) Bill 2015

  Track (What's this?)

  Date

  03 Dec 2015 

  Chamber

  House of Representatives 

  Status

  Act 

  Portfolio

  Treasury 

  Summary

  Amends the

  Competition and Consumer Act 2010

  to establish a framework to ban surcharges imposed in respect of particular payment methods that exceed the cost of acceptance for those payment methods; and provide the Australian Competition and Consumer Commission with additional powers to gather information and issue infringement notices in enforcing the ban on excess surcharges. 

  Bill | Explanatory Memorandum

• Income Tax (Attribution Managed Investment Trusts—Offsets) Bill 2015

  Track (What's this?)

  Date

  03 Dec 2015 

  Chamber

  House of Representatives 

  Status

  Act 

  Portfolio

  Treasury 

  Summary

  Part of a package of four bills to establish a new tax system for certain managed investment trusts, the bill imposes tax on trustees of an attribution management investment trust in relation to amounts of a character relating to tax offsets in certain circumstances. 

  Bill | Explanatory Memorandum

• Income Tax Rates Amendment (Managed Investment Trusts) Bill 2015

  Track (What's this?)

  Date

  03 Dec 2015 

  Chamber

  House of Representatives 

  Status

  Act 

  Portfolio

  Treasury 

  Summary

  Part of a package of four bills to establish a new tax system for certain managed investment trusts, the bill amends the

  Income Tax Rates Act 1986

  to specify the rate of tax payable by trustees of attribution management investment trusts in certain circumstances. 

  Bill | Explanatory Memorandum

• Insolvency Law Reform Bill 2015

  Track (What's this?)

  Date

  03 Dec 2015 

  Chamber

  House of Representatives 

  Status

  Act 

  Portfolio

  Treasury 

  Summary

  Amends the:

  Bankruptcy Act 1966

  and

  Corporations Act 2001

  to align the registration and disciplinary frameworks that apply to registered liquidators and registered trustees (through the rules made by the Insolvency Practice Schedule (Bankruptcy) and Insolvency Practice Schedule (Corporations)); and align a range of specific rules relating to the handling of personal bankruptcies and corporate external administrations;

  Australian Securities and Investments Commission Act 2001

  to provide the Australian Securities and Investments Commission with further powers to assist in the oversight of the regulation of registered liquidators;

  Corporations Act 2001

  in relation to: payments for property; use of a company’s former name; termination of a deed of company arrangement; relation-back day; and the lodgement of documents with ASIC which require a notice to be in the prescribed form; and

  Corporations Act 2001

  and

  Private Health Insurance (Prudential Supervision) Act 2015

  in relation to notifications of contraventions of deeds of company arrangement. Also makes consequential amendments to 25 Acts. 

  Bill | Explanatory Memorandum