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TOTAL RESULTS: 3785

• Treasury Laws Amendment (Enhancing Whistleblower Protections) Bill 2018

  Track (What's this?)

  Date

  07 Dec 2017 

  Chamber

  Senate 

  Status

  Act 

  Portfolio

  Treasury 

  Summary

  Amends the:

  Corporations Act 2001

  to consolidate and broaden the existing protections and remedies for corporate and financial sector whistleblowers;

  Taxation Administration Act 1953

  to create a whistleblower protection regime for disclosures of information by individuals regarding breaches of the tax laws or misconduct relating to an entity’s tax affairs; and

  Banking Act 1959

  ,

  Insurance Act 1973

  ,

  Life Insurance Act 1995

  and

  Superannuation Industry (Supervision) Act 1993

  to make consequential amendments. 

  Bill | Explanatory Memorandum

• Treasury Laws Amendment (Enterprise Tax Plan Base Rate Entities) Bill 2018

  Track (What's this?)

  Date

  18 Oct 2017 

  Chamber

  House of Representatives 

  Status

  Act 

  Portfolio

  Treasury 

  Summary

  Amends the:

  Income Tax Rates Act 1986

  to provide that a corporate tax entity will not qualify for the lower 27.5 per cent corporate tax rate if more than 80 per cent of its assessable income is income of a passive nature; and

  Income Tax Assessment Act 1997

  and

  Income Tax Rates Act 1986

  to make consequential amendments. 

  Bill | Explanatory Memorandum

• Treasury Laws Amendment (Enterprise Tax Plan) Bill 2016

  Track (What's this?)

  Date

  01 Sep 2016 

  Chamber

  House of Representatives 

  Status

  Act 

  Portfolio

  Treasury 

  Summary

  Amends the:

  Income Tax Rates Act 1986

  to: reduce the corporate tax rate for small businesses with an aggregated turnover of less than $10 million to 27.5 per cent for the 2016-17 financial year and progressively extend that lower rate to all corporate tax entities by the 2023-24 financial year; and further reduce the corporate tax rate in stages so that by the 2026 27 financial year, the corporate tax rate for all entities will be 25 per cent;

  Income Tax Assessment Act 1997

  to: increase the small business income tax offset to 16 per cent of an eligible individual’s basic income tax liability that relates to their total net small business income from the 2026-27 financial year; and enable small businesses with an aggregated turnover of less than $10 million to access most small business tax concessions, and small businesses with an aggregated turnover of less than $5 million to access the small business income tax offset; and

  Income Tax Assessment Act 1936

  and

  Income Tax Assessment Act 1997

  to make consequential amendments. 

  Bill | Explanatory Memorandum

• Treasury Laws Amendment (Fair and Sustainable Superannuation) Bill 2016

  Track (What's this?)

  Date

  09 Nov 2016 

  Chamber

  House of Representatives 

  Status

  Act 

  Portfolio

  Treasury 

  Summary

  Introduced with the Superannuation (Excess Transfer Balance Tax) Imposition Bill 2016, the bill amends: five Acts to impose a $1.6 million cap on the amount of capital that can be transferred to the tax-free earnings retirement phase of superannuation; the

  Income Tax Assessment Act 1997

  and

  Taxation Administration Act 1953

  to: introduce additional income tax rules on recipients of certain defined benefit income streams in excess of $100 000 per annum; and reduce the threshold at which high-income earners pay Division 293 tax on their concessional taxed contribution to superannuation to $250 000; the

  Income Tax (Transitional Provisions) Act 1997

  to provide transitional capital gains tax relief for superannuation funds that adjust their asset allocations before 1 July 2017; the

  Income Tax Assessment Act 1997

  and

  Income Tax (Transitional Provisions) Act 1997

  to reduce the annual concessional contributions cap to $25 000 and the annual non-concessional contributions cap to $100 000; introduce criteria for an individual to be eligible for the non-concessional contributions cap and make minor amendments to the non-concessional contributions rules; and remove the anti-detriment deduction; the

  Superannuation Guarantee (Administration) Act 1992

  to amend how the maximum contribution base is determined; the

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

  to enable eligible low income earners to receive the low income superannuation tax offset; the

  Income Tax Assessment Act 1997

  to: remove the requirement that an individual must earn less than 10 per cent of their income to be able to claim a deduction for personal superannuation contributions; enable catch-up concessional contributions; extend the spouse superannuation tax offset; and amend the earnings tax exemption for complying superannuation funds, retirement savings account providers and life insurance companies; and 11 Acts to make administration and consequential amendments. 

  Bill | Explanatory Memorandum

• Treasury Laws Amendment (Financial Sector Regulation) Bill 2018

  Track (What's this?)

  Date

  28 Jun 2018 

  Chamber

  House of Representatives 

  Status

  Act 

  Portfolio

  Treasury 

  Summary

  Amends the:

  Financial Sector (Shareholdings) Act 1998

  to: increase from 15 per cent to 20 per cent the ownership restriction applying to life insurance and general insurance companies, authorised deposit-taking institutions (ADIs) and relevant holding companies; and create a streamlined path for owners of qualifying domestically incorporated companies with assets less than the relevant threshold applying to become a financial sector company; and

  Banking Act 1959

  to: enable the Australian Prudential Regulation Authority to grant a new entrant to the banking sector a time limited ADI licence; and correct a drafting error. 

  Bill | Explanatory Memorandum

• Treasury Laws Amendment (Foreign Resident Capital Gains Withholding Payments) Bill 2017

  Track (What's this?)

  Date

  01 Jun 2017 

  Chamber

  House of Representatives 

  Status

  Act 

  Portfolio

  Treasury 

  Summary

  Amends the

  Taxation Administration Act 1953

  to modify the foreign resident capital gains withholding payments regime to: increase the withholding rate from 10 per cent to 12.5 per cent; and reduce the withholding threshold from $2 million to $750 000. 

  Bill | Explanatory Memorandum

• Treasury Laws Amendment (Gift Cards) Bill 2018

  Track (What's this?)

  Date

  20 Sep 2018 

  Chamber

  House of Representatives 

  Status

  Act 

  Portfolio

  Treasury 

  Summary

  Amends the

  Competition and Consumer Act 2010

  to introduce a national regime to regulate gift cards, including requirements that: gift cards must have a minimum three year expiry period; information about the expiry of a gift card must be displayed prominently on the card itself; terms and conditions cannot allow certain post-supply fees to be charged; and certain fees cannot be charged after a gift card is supplied. 

  Bill | Explanatory Memorandum

• Treasury Laws Amendment (GST Integrity) Bill 2017

  Track (What's this?)

  Date

  01 Jun 2017 

  Chamber

  House of Representatives 

  Status

  Act 

  Portfolio

  Treasury 

  Summary

  Amends the

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

  to: introduce a reverse charge for business to business transactions between suppliers and purchasers of gold, silver and platinum to remove the opportunity for a supplier to avoid paying goods and services tax (GST) by liquidating; and ensure that entities cannot exploit the special GST treatment for second-hand goods to claim input tax credits by changing the form of a precious metal. 

  Bill | Explanatory Memorandum

• Treasury Laws Amendment (GST Low Value Goods) Bill 2017

  Track (What's this?)

  Date

  16 Feb 2017 

  Chamber

  House of Representatives 

  Status

  Act 

  Portfolio

  Treasury 

  Summary

  Amends the:

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

  to ensure that goods and services tax is payable on certain supplies of low value goods that are purchased by consumers and are imported into Australia; and

  Taxation Administration Act 1953

  to broaden administrative penalties for making false or misleading statements. 

  Bill | Explanatory Memorandum

• Treasury Laws Amendment (Housing Tax Integrity) Bill 2017

  Track (What's this?)

  Date

  07 Sep 2017 

  Chamber

  House of Representatives 

  Status

  Act 

  Portfolio

  Treasury 

  Summary

  Introduced with the Foreign Acquisitions and Takeovers Fees Imposition Amendment (Vacancy Fees) Bill 2017, the bill amends the:

  Income Tax Assessment Act 1997

  to: provide that travel expenditure incurred in gaining or producing assessable income from residential premises is not deductible, and not recognised in the cost base of the property for capital gains tax purposes; and limit deductions for plant and equipment assets used for producing assessable income from residential premises to when the asset was first used for a taxable purpose;

  Foreign Acquisitions and Takeovers Act 1975

  to implement an annual vacancy fee on foreign owners of residential real estate where residential property is not occupied or genuinely available on the rental market for at least six months in a 12-month period; and

  Taxation Administration Act 1953

  to make consequential amendments. 

  Bill | Explanatory Memorandum