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TOTAL RESULTS: 4139

• Tax Laws Amendment (Small Business) Bill 2007

  Track (What's this?)

  Date

  10 May 2007 

  Chamber

  House of Representatives 

  Status

  Act 

  Portfolio

  Treasury 

  Summary

  Amends the taxation laws to: standardise the primary eligibility criterion for small business tax concessions; increase the capital gains tax maximum net assets threshold to $6 million, and the simplified tax system (STS) turnover and goods and services tax cash accounting turnover threshold to $2 million; extend the small business roll-over relief available under the uniform capital allowance system to small business entities that have adopted the simplified depreciation rules; remove the $3 million depreciating assets test from the STS eligibility requirements; and give STS taxpayers access to the fringe benefits tax car parking exemption and to pay-as-you-go instalments. 

  Bill | Explanatory Memorandum

• Tax Laws Amendment (Stronger, Fairer, Simpler and Other Measures) Bill 2011

  Track (What's this?)

  Date

  02 Nov 2011 

  Chamber

  House of Representatives 

  Status

  Act 

  Portfolio

  Treasury 

  Summary

  Part of a package of 11 bills, the bill amends the:

  Income Tax Assessment Act 1997

  ,

  Income Tax (Transitional Provisions) Act 1997

  and

  Taxation Administration Act 1953

  to abolish the entrepreneurs’ tax offset;

  Income Tax Assessment Act 1997

  and

  Income Tax (Transitional Provisions) Act 1997

  to: increase the small business instant asset write-off threshold to $6500; and consolidate the long life small business pool and the general small business pool into a single pool to be written off at one rate;

  Income Tax Assessment Act 1997

  to enable small business entities to claim an accelerated initial deduction for motor vehicles acquired in the 2012-13 and subsequent financial years; and

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

  to enable eligible low income earners to receive the low income superannuation contribution. 

  Bill | Explanatory Memorandum

• Tax Laws Amendment (Superannuation Contributions Splitting) Bill 2005

  Track (What's this?)

  Date

  12 Oct 2005 

  Chamber

  House of Representatives 

  Status

  Act 

  Portfolio

  Treasury 

  Summary

  Amends the

  Income Tax Assessment Act 1936

  to provide for the taxation treatment of split superannuation contributions between a fund-contributing member and their spouse. Details of the operation of superannuation contributions splitting will be specified in regulations under the

  Superannuation Industry (Supervision) Act 1993

  ,

  Retirement Savings Accounts Act 1997

  and the

  Income Tax Assessment Act 1936[eitals. 

  Bill | Explanatory Memorandum

• Tax Laws Amendment (Superannuation Reporting) Bill 2004

  Track (What's this?)

  Date

  18 Nov 2004 

  Chamber

  House of Representatives 

  Status

  Act 

  Portfolio

  Treasury 

  Summary

  Amends the

  Superannuation Guarantee (Administration) Act 1992

  to remove the superannuation guarantee (SG) reporting requirement, for employers to report employer superannuation contributions to employees, from the SG arrangements. Also contains an application provision. 

  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 (Taxation of Financial Arrangements) Bill 2009

  Track (What's this?)

  Date

  04 Dec 2008 

  Chamber

  House of Representatives 

  Status

  Act 

  Portfolio

  Treasury 

  Summary

  Amends taxation laws to establish a set of principles and rules for the tax-timing and character treatment of gains and losses from financial arrangements. 

  Bill | Explanatory Memorandum

• Tax Laws Amendment (Temporary Budget Repair Levy) Bill 2014

  Track (What's this?)

  Date

  13 May 2014 

  Chamber

  House of Representatives 

  Status

  Act 

  Portfolio

  Treasury 

  Summary

  Part of a package of 15 bills to implement a three-year progressive budget repair levy, the bill amends the:

  Income Tax Assessment Act 1997

  and

  Income Tax (Transitional Provisions) Act 1997

  to determine the budget repair levy liability for certain taxpayers from 1 July 2014 to 30 June 2017;

  Fringe Benefits Tax Assessment Act 1986

  to align the fringe benefits rebate rate to the fringe benefits tax rate from 1 April 2015; and

  Fringe Benefits Tax Assessment Act 1986

  and Taxation Administration Regulations 1976 to make consequential amendments. 

  Bill | Explanatory Memorandum

• Tax Laws Amendment (Temporary Flood and Cyclone Reconstruction Levy) Bill 2011

  Track (What's this?)

  Date

  10 Feb 2011 

  Chamber

  House of Representatives 

  Status

  Act 

  Portfolio

  Treasury 

  Summary

  Introduced with the Income Tax Rates Amendment (Temporary Flood and Cyclone Reconstruction Levy) Bill 2011, the bill amends the

  Income Tax Assessment Act 1997

  and

  Income Tax (Transitional Provisions) Act 1997

  to implement a one-year progressive flood and cyclone reconstruction levy in the form of additional income tax in the 2011-12 financial year. 

  Bill | Explanatory Memorandum

• Tax Laws Amendment (Transfer of Provisions) Bill 2010

  Track (What's this?)

  Date

  17 Mar 2010 

  Chamber

  House of Representatives 

  Status

  Act 

  Portfolio

  Treasury 

  Summary

  The bill: rewrites provisions from the

  Income Tax Assessment Act 1936

  into the

  Income Tax Assessment Act 1997

  and

  Taxation Administration Act 1953

  in relation to: collection and recovery of tax; forgiveness of commercial debts; leases of luxury cars; farm management deposits; and general insurance; and amends 10 Acts to make consequential amendments. 

  Bill | Explanatory Memorandum

• Tax Laws Amendment (Untainting Tax) (Temporary Budget Repair Levy) Bill 2014

  Track (What's this?)

  Date

  13 May 2014 

  Chamber

  House of Representatives 

  Status

  Act 

  Portfolio

  Treasury 

  Summary

  Part of a package of 15 bills to implement a three-year progressive budget repair levy, the bill amends the

  Income Tax Assessment Act 1997

  to increase by 2.5 per cent the rate of untainting tax payable by a company which chooses to untaint a franking account. 

  Bill | Explanatory Memorandum