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TOTAL RESULTS: 3785

• Tax Laws Amendment (2014 Measures No. 1) Bill 2014

  Track (What's this?)

  Date

  27 Mar 2014 

  Chamber

  House of Representatives 

  Status

  Act 

  Portfolio

  Treasury 

  Summary

  Amends the:

  Income Tax Assessment Act 1997

  to: enable individuals to consolidate multiple farm management deposits (FMD); and increase the taxable non-primary production income threshold;

  Banking Act 1959

  to exclude an FMD from becoming unclaimed moneys;

  Income Tax (Transitional Provisions) Act 1997

  to retrospectively clarify the tax treatment of FMDs that became unclaimed money;

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

  ,

  Income Tax Assessment Act 1936

  and

  Taxation Administration Act 1953

  to: ensure that overpaid goods and services tax is only refundable in certain circumstances; and make consequential amendments; and

  Taxation Administration Act 1953

  to: enable merits review of certain commissioner’s decisions; and validate certain past objections and reviews. 

  Bill | Explanatory Memorandum

• Corporations Amendment (Financial Advice Measures) Bill 2016

  Track (What's this?)

  Date

  19 Mar 2014 

  Chamber

  House of Representatives 

  Status

  Act 

  Portfolio

  Treasury 

  Summary

  Amends the

  Corporations Act 2001

  to: remove the seventh step (the “catch all”) from the steps an advice provider may take in order to satisfy best interest obligations; enable clients and providers to agree on the scope of advice to be provided; remove the renewal notice obligations for fee recipients; remove the requirement to provide yearly fee disclosure statements to certain clients; provide for a general advice exemption to exempt benefits that relate to general advice from the ban on conflicted remuneration in certain circumstances; and make consequential amendments. 

  Bill | Explanatory Memorandum

• Excise Tariff Amendment (Tobacco) Bill 2014

  Track (What's this?)

  Date

  26 Feb 2014 

  Chamber

  House of Representatives 

  Status

  Act 

  Portfolio

  Treasury 

  Summary

  Introduced with the Customs Tariff Amendment (Tobacco) Bill 2014, the bill amends the

  Excise Tariff Act 1921

  to: increase the rate of excise duty on tobacco through a series of four staged increases of 12.5 per cent, commencing on 1 December 2013; index the rates of excise duty on tobacco to average weekly ordinary time earnings instead of the consumer price index; and make consequential amendments contingent upon the commencement of the proposed

  Excise Tariff Amendment (Carbon Tax Repeal) Act 2014

  . 

  Bill | Explanatory Memorandum

• Tax and Superannuation Laws Amendment (2014 Measures No. 1) Bill 2014

  Track (What's this?)

  Date

  26 Feb 2014 

  Chamber

  House of Representatives 

  Status

  Act 

  Portfolio

  Treasury 

  Summary

  Amends the:

  Superannuation Industry (Supervision) Act 1993

  to provide that a person must not promote a scheme that has resulted in a payment being made from a regulated superannuation fund otherwise than as prescribed by payment standards and impose a civil penalty for any contravention;

  Superannuation Industry (Supervision) Act 1993

  and

  Taxation Administration Act 1953

  to provide the power to give directions and impose administrative penalties for contraventions relating to self managed superannuation funds;

  Income Tax Assessment Act 1936

  to phase out the net medical expenses tax offset by the end of the 2018-19 income year; and

  Income Tax Assessment Act 1997

  to update the list of deductible gift recipients; and

  Fringe Benefits Tax Assessment Act 1986

  ,

  Income Tax Assessment Act 1936

  and

  Income Tax Assessment Act 1997

  to make consequential amendments. 

  Bill | Explanatory Memorandum

• Tax Bonus for Working Australians Repeal Bill 2013

  Track (What's this?)

  Date

  12 Dec 2013 

  Chamber

  House of Representatives 

  Status

  Act 

  Portfolio

  Treasury 

  Summary

  The bill: repeals the

  Tax Bonus for Working Australians Act (No. 2) 2009

  to provide that no further tax bonus payments ($900 stimulus cheques) are made; and makes consequential amendments to the

  Income Tax Assessment Act 1997

  ,

  Social Security Act 1991

  ,

  Taxation Administration Act 1953

  and

  Veterans’ Entitlements Act 1986

  . 

  Bill | Explanatory Memorandum

• Tax Laws Amendment (Research and Development) Bill 2013

  Track (What's this?)

  Date

  14 Nov 2013 

  Chamber

  House of Representatives 

  Status

  Act 

  Portfolio

  Treasury 

  Summary

  Amends the:

  Income Tax Assessment Act 1997

  to deny access to the research and development tax incentive for companies with aggregated assessable income of $20 billion or more for an income year; and

  Industry Research and Development Act 1986

  to provide that the conditions for eligibility of research and development activities conducted outside Australia continue to operate as intended. 

  Bill | Explanatory Memorandum

• Commonwealth Inscribed Stock Amendment Bill 2013

  Track (What's this?)

  Date

  13 Nov 2013 

  Chamber

  House of Representatives 

  Status

  Act 

  Portfolio

  Treasury 

  Summary

  Amends the

  Commonwealth Inscribed Stock Act 1911

  to increase the cap on the face value of stock and securities that can be on issue under the Treasurer’s standing borrowing authority to $500 billion. 

  Bill | Explanatory Memorandum

• Tax Laws Amendment (2013 Measures No. 3) Bill 2013

  Track (What's this?)

  Date

  20 Jun 2013 

  Chamber

  House of Representatives 

  Status

  Act 

  Portfolio

  Treasury 

  Summary

  Amends the:

  Tax Agent Services Act 2009

  to: include entities that give tax advice in the course of giving advice that is usually provided by financial services licensees within the regulatory regime administered by the Tax Practitioners Board;

  Income Tax Assessment Act 1997

  and Tax Agent Services Regulations 2009 to make consequential amendments; and

  Income Tax Assessment Act 1997

  to update the list of deductible gift recipients. 

  Bill | Explanatory Memorandum

• Superannuation (Excess Concessional Contributions Charge) Bill 2013

  Track (What's this?)

  Date

  19 Jun 2013 

  Chamber

  House of Representatives 

  Status

  Act 

  Portfolio

  Treasury 

  Summary

  Introduced with the Tax Laws Amendment (Fairer Taxation of Excess Concessional Contributions) Bill 2013, the bill imposes an excess concessional contributions charge on the amount of an individual’s income tax liability for the income year that is attributable to the individual having excess concessional contributions. 

  Bill | Explanatory Memorandum

• Tax Laws Amendment (Fairer Taxation of Excess Concessional Contributions) Bill 2013

  Track (What's this?)

  Date

  19 Jun 2013 

  Chamber

  House of Representatives 

  Status

  Act 

  Portfolio

  Treasury 

  Summary

  Introduced with the Superannuation (Excess Concessional Contributions Charge) Bill 2013, the bill amends: the

  Income Tax Assessment Act 1997

  and

  Taxation Administration Act 1953

  to: provide that excess concessional contributions in an individual’s assessable income are taxed at their marginal rate; provide for a non-refundable tax offset equal to 15 per cent of an individual’s excess concessional contributions; and enable individuals to elect to have up to 85 per cent of excess concessional contributions for a financial year released from superannuation; and nine Acts to make consequential and contingent amendments. Also repeals the

  Superannuation (Excess Concessional Contributions Tax) Act 2007

  . 

  Bill | Explanatory Memorandum