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TOTAL RESULTS: 3785

• 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 (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 (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 (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 (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 (Cyclone and Flood Damage Reinsurance Pool) Bill 2022

  Track (What's this?)

  Date

  09 Feb 2022 

  Chamber

  House of Representatives 

  Status

  Act 

  Portfolio

  Treasury 

  Summary

  Amends the:

  Terrorism Insurance Act 2003

  to: establish a framework for a cyclone and cyclone-related flood damage reinsurance pool by extending the operation of the terrorism reinsurance scheme administered by the Australian Reinsurance Pool Corporation (ARPC); and amend the title of the Act to the

  Terrorism and Cyclone Insurance Act 2003

  ; and

  Insurance Act 1973

  to create a civil penalty for insurers who do not reinsure eligible cyclone risks with the ARPC. 

  Bill | Explanatory Memorandum

• Treasury Laws Amendment (Design and Distribution Obligations and Product Intervention Powers) Bill 2019

  Track (What's this?)

  Date

  20 Sep 2018 

  Chamber

  House of Representatives 

  Status

  Act 

  Portfolio

  Treasury 

  Summary

  Amends the:

  Corporations Act 2001

  to introduce design and distribution obligations in relation to financial products;

  Corporations Act 2001

  and

  National Consumer Credit Protection Act 2009

  to introduce a product intervention power for the Australian Securities and Investments Commission to prevent or respond to significant consumer detriment; and

  Australian Securities and Investments Commission Act 2001

  to make consequential amendments. 

  Bill | Explanatory Memorandum

• Treasury Laws Amendment (Ending Grandfathered Conflicted Remuneration) Bill 2019

  Track (What's this?)

  Date

  01 Aug 2019 

  Chamber

  House of Representatives 

  Status

  Act 

  Portfolio

  Treasury 

  Summary

  Implements a recommendation of the Royal Commission into Misconduct in the Banking, Superannuation and Financial Services Industry by amending the

  Corporations Act 2001

  to: remove grandfathering arrangements for conflicted remuneration and other banned remuneration from 1 January 2021; and enable regulations to provide for a scheme under which amounts that would otherwise have been paid as conflicted remuneration are rebated to affected customers. 

  Bill | Explanatory Memorandum

• Treasury Laws Amendment (Enhancing ASIC’s Capabilities) Bill 2018

  Track (What's this?)

  Date

  28 Mar 2018 

  Chamber

  House of Representatives 

  Status

  Act 

  Portfolio

  Treasury 

  Summary

  Amends the:

  Australian Securities and Investments Commission Act 2001

  to: require the Australian Securities and Investments Commission (ASIC) to consider the effects that the performance of its functions and the exercise of its powers will have on competition in the financial system; and remove the requirement for ASIC to engage staff under the

  Public Service Act 1999

  ; and

  Australian Securities and Investments Commission Act 2001

  ,

  Business Names Registration Act 2011

  ,

  Corporations Act 2001

  and

  Mutual Assistance in Business Regulation Act 1992

  to make consequential amendments. 

  Bill | Explanatory Memorandum

• Treasury Laws Amendment (Enhancing Superannuation Outcomes For Australians and Helping Australian Businesses Invest) Bill 2021

  Track (What's this?)

  Date

  27 Oct 2021 

  Chamber

  House of Representatives 

  Status

  Act 

  Portfolio

  Treasury 

  Summary

  Amends the:

  Superannuation Guarantee (Administration) Act 1992

  to remove the $450-a-month threshold before an employee's salary or wages count towards the superannuation guarantee;

  Taxation Administration Act 1953

  to increase the limit on the maximum amount of voluntary contributions made over multiple financial years that are eligible to be released under the First Home Super Saver Scheme from $30 000 to $50 000;

  Income Tax Assessment Act 1997

  to: enable individuals aged 60 and above to make downsizer contributions to their superannuation plan from the proceeds of selling their home; apply the work test to individuals aged between 67 and 75 who claim a deduction for personal superannuation contributions and allow such individuals to make or receive non-concessional superannuation contributions under the bring forward rule; and enable superannuation trustees to choose their preferred method of calculating exempt current pension income when they have member interests in both accumulation and retirement phases for part, but not all, of the income year; and

  Income Tax (Transitional Provisions) Act 1997

  to extend the temporary full expensing regime to 30 June 2023. 

  Bill | Explanatory Memorandum