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TOTAL RESULTS: 3785

• Taxation (Trustee Beneficiary Non-disclosure Tax) (No. 2) Amendment (DisabilityCare Australia) Bill 2013

  Track (What's this?)

  Date

  15 May 2013 

  Chamber

  House of Representatives 

  Status

  Act 

  Portfolio

  Treasury 

  Summary

  Part of a package of 13 bills in relation to funding for the National Disability Insurance Scheme (DisabilityCare Australia), the bill amends the

  Taxation (Trustee Beneficiary Non-disclosure Tax) Act (No. 2) 2007

  to increase to 47 per cent the rate of trustee beneficiary non-disclosure tax where a share of the net income of a trust is distributed to the trustee of a closely held trust. 

  Bill | Explanatory Memorandum

• Corporations and Financial Sector Legislation Amendment Bill 2013

  Track (What's this?)

  Date

  20 Mar 2013 

  Chamber

  House of Representatives 

  Status

  Act 

  Portfolio

  Treasury 

  Summary

  Amends the:

  Payments Systems and Netting Act 1998

  to provide that client positions and associated collateral of a defaulting participant in a clearing facility may be ported to another solvent participant despite legislative impediments;

  Corporations Act 2001

  to: enable the Australian Securities Investments Commission (ASIC) and the Reserve Bank of Australia (RBA) to determine how often they assess compliance by particular Australian market licence and clearing and settlement facility licence holders with their legal obligations; and make consequential amendments;

  Australian Securities and Investments Commission Act 2001

  to: extend the powers of the Parliamentary Joint Committee on Corporations and Financial Services to inquire into and report on the operation of any foreign business law which may affect the operation of the corporations law; require ASIC to report annually on the use of its information gathering powers and on additional information if required by the minister; and make consequential amendments;

  Australian Securities and Investments Commission Act 2001

  and

  Mutual Assistance in Business Regulation Act 1992

  to authorise ASIC to disclose protected information to international business regulators;

  Reserve Bank 1959

  to enable the RBA to disclose protected information to external persons and bodies; and

  Carbon Credits (Carbon Farming Initiative) Act 2011

  and

  Clean Energy Regulator Act 2011

  to enable the Clean Energy Regulator to share protected information with licensed and prescribed trade repositories. 

  Bill | Explanatory Memorandum

• Tax and Superannuation Laws Amendment (2013 Measures No. 2) Bill 2013

  Track (What's this?)

  Date

  20 Mar 2013 

  Chamber

  House of Representatives 

  Status

  Act 

  Portfolio

  Treasury 

  Summary

  Amends the:

  Income Tax Assessment Act 1997

  to: define ‘documentary’ in accordance with the Australian Communications and Media Authority’s guidelines; clarify that game shows are ineligible for film tax offsets; and update the list of deductible gift recipients;

  Income Tax Assessment Act 1997

  ,

  Tax Laws Amendment (2011 Measures No. 1) Act 2011

  and

  Tax Laws Amendment (2012 Measures No. 1) Act 2012

  to exempt from income tax certain ex-gratia payments made in relation to natural disasters during the 2011-12 and 2012-13 financial years;

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

  to enable entities who currently pay their goods and services tax by instalments to continue to do so if they move into a net refund position;

  Superannuation Industry (Supervision) Act 1993

  to require trustees to establish and implement procedures in relation to the consolidation of multiple member accounts;

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

  to reduce the amount of superannuation co-contribution available from the 2012-13 financial year;

  Income Tax Assessment Act 1936

  and

  Income Tax Assessment Act 1997

  to consolidate dependency tax offsets into the Dependant (Invalid and Carer) Tax Offset from 1 July 2012; and

  Income Tax Assessment Act 1997

  and

  Tax Laws Amendment (Taxation of Financial Arrangements) Act 2009

  to clarify the operation of the taxation of financial arrangements regime. 

  Bill | Explanatory Memorandum

• Insurance Contracts Amendment Bill 2013

  Track (What's this?)

  Date

  14 Mar 2013 

  Chamber

  House of Representatives 

  Status

  Act 

  Portfolio

  Treasury 

  Summary

  Amends the

  Insurance Contracts Act 1984

  in relation to: duty of utmost good faith; bundled workers’ compensation contracts; bundled contracts generally; electronic communication; powers of the Australian Securities and Investments Commission (ASIC); insureds’ duty of disclosure and duty to inform of duty of disclosure; eligible contracts of insurance; non-disclosure by life insureds; unbundling of contracts; remedies for non-disclosure and misrepresentation; remedy for misstatement of date of birth; cancellation of contracts; requests by third party beneficiaries to insurers for information; insurers’ defences in actions by third party beneficiaries; rights and obligations of third party beneficiaries under life insurance contracts; rights of third parties to recover against insurers; representative actions by ASIC on behalf of third party beneficiaries; non-disclosure or misrepresentation by members of group life insurance schemes; and subrogation. 

  Bill | Explanatory Memorandum

• International Monetary Agreements Amendment Bill 2013

  Track (What's this?)

  Date

  14 Mar 2013 

  Chamber

  House of Representatives 

  Status

  Act 

  Portfolio

  Treasury 

  Summary

  Amends the

  International Monetary Agreements Act 1947

  to: establish a standing appropriation and authority to borrow for payments to meet drawings made by the International Monetary Fund (IMF) under a bilateral loan agreement entered into by Australia and the IMF on 13 October 2012; and make consequential amendments. 

  Bill | Explanatory Memorandum

• Parliamentary Service Amendment (Parliamentary Budget Officer) Bill 2013

  Track (What's this?)

  Date

  14 Mar 2013 

  Chamber

  House of Representatives 

  Status

  Act 

  Portfolio

  Treasury 

  Summary

  Amends the:

  Parliamentary Service Act 1999

  to: require the Parliamentary Budget Office (PBO) to publish a report on designated parliamentary parties’ publicly announced policies by 30 days after a government forms following a general election; and set out the framework for the PBO to obtain information from Commonwealth bodies during the caretaker period; and Taxation Administration Act 1953 to enable the Australian Taxation Office to provide the PBO with otherwise protected taxpayer information. 

  Bill | Explanatory Memorandum

• Superannuation Legislation Amendment (Reform of Self Managed Superannuation Funds Supervisory Levy Arrangements) Bill 2013

  Track (What's this?)

  Date

  13 Feb 2013 

  Chamber

  House of Representatives 

  Status

  Act 

  Portfolio

  Treasury 

  Summary

  Amends the:

  Superannuation (Self Managed Superannuation Funds) Supervisory Levy Imposition Act 1991

  to: increase the maximum levy payable by a trustee of a self managed superannuation fund for an income year from $200 to $300, effective from the 2013-14 financial year; and make consequential amendments; and

  Superannuation (Self Managed Superannuation Funds) Taxation Act 1987

  to: provide that the levy payable for a year of income is due and payable on a day specified in the regulations; and make consequential amendments. 

  Bill | Explanatory Memorandum

• Tax and Superannuation Laws Amendment (2013 Measures No. 1) Bill 2013

  Track (What's this?)

  Date

  13 Feb 2013 

  Chamber

  House of Representatives 

  Status

  Act 

  Portfolio

  Treasury 

  Summary

  Amends: the

  Income Tax Assessment Act 1997

  ,

  Superannuation (Departing Australia Superannuation Payments Tax) Act 2007

  and

  Superannuation (Unclaimed Money and Lost Members) Act 1999

  to provide that income tax is generally not payable on the interest paid by the Commonwealth on unclaimed money from 1 July 2013; the

  Fringe Benefits Tax Assessment Act 1986

  to: align the airline transport fringe benefits rules with the in-house property and in-house residual fringe benefit provisions; and update the method for determining the taxable value of airline transport fringe benefits; the

  Income Tax Assessment Act 1997

  to enable participants in the Sustainable Rural Water Use and Infrastructure Program to choose to make payments they derive under the program free of income tax, with expenditure related to infrastructure improvements required under the program then being non-deductible; the

  Income Tax Assessment Act 1936

  ,

  Income Tax Assessment Act 1997

  ,

  Income (Transitional Provisions) Act 1997

  and

  Taxation Administration Act 1953

  to: enable corporate tax entities to carry-back losses to previous income years; and make consequential amendments; and 18 Acts to make technical amendments. 

  Bill | Explanatory Memorandum

• Tax Laws Amendment (Countering Tax Avoidance and Multinational Profit Shifting) Bill 2013

  Track (What's this?)

  Date

  13 Feb 2013 

  Chamber

  House of Representatives 

  Status

  Act 

  Portfolio

  Treasury 

  Summary

  Amends the

  Income Tax Assessment Act 1936

  ,

  Income Tax Assessment Act 1997

  ,

  Taxation Administration Act 1953

  and

  Income Tax (Transitional Provisions) Act 1997

  in relation to: the operation of the general anti-avoidance rule; the application of the arm’s length principle in transfer pricing rules aligning with international transfer pricing standards; rules for trusts and partnerships; record keeping requirements and penalties; and consequential amendments. 

  Bill | Explanatory Memorandum

• International Tax Agreements Amendment Bill 2012

  Track (What's this?)

  Date

  29 Nov 2012 

  Chamber

  House of Representatives 

  Status

  Act 

  Portfolio

  Treasury 

  Summary

  Amends the

  International Tax Agreements Act 1953

  to: give legislative effect to bilateral taxation agreements with India, the Marshall Islands and Mauritius; and update certain references to existing taxation agreements. 

  Bill | Explanatory Memorandum