Search all bills

TOTAL RESULTS: 3785

• Treasury Laws Amendment (Making Sure Every State and Territory Gets Their Fair Share of GST) Bill 2018

  Track (What's this?)

  Date

  18 Oct 2018 

  Chamber

  House of Representatives 

  Status

  Act 

  Portfolio

  Treasury 

  Summary

  Gives effect to elements of the Government’s interim response to the Productivity Commission’s report

  Horizontal Fiscal Equalisation

  by amending the:

  Commonwealth Grants Commission Act 1973

  to require the Treasurer, when framing the annual terms of reference for a Commonwealth Grants Commission (CGC) inquiry into how the goods and services tax (GST) should be distributed among the states and territories, to require the CGC to transition the horizontal fiscal equalisation system from full equalisation (equalised to the strongest state or territory) to reasonable equalisation (equalised to the stronger of New South Wales and Victoria); and

  Federal Financial Relations Act 2009

  to: introduce a minimum GST revenue sharing relativity that may be determined by the Treasurer for any individual state or territory for a financial year; boost the annual funding pool from which GST revenue grants are made to the states and territories with additional Commonwealth financial assistance each year; and provide a guarantee, by way of additional Commonwealth financial assistance, to each state or territory that would have received a greater overall entitlement under the current distribution system as compared to the updated distribution system during the transition period. Also provides for a review of the operation of the Act by the Productivity Commission by 31 December 2026. 

  Bill | Explanatory Memorandum

• Treasury Laws Amendment (Making Sure Foreign Investors Pay Their Fair Share of Tax in Australia and Other Measures) Bill 2019

  Track (What's this?)

  Date

  20 Sep 2018 

  Chamber

  House of Representatives 

  Status

  Act 

  Portfolio

  Treasury 

  Summary

  Introduced with the Income Tax (Managed Investment Trust Withholding Tax) Amendment Bill 2018 and Income Tax Rates Amendment (Sovereign Entities) Bill 2018, the bill amends the:

  Income Tax Assessment Act 1997

  and

  Taxation Administration Act 1953

  to limit access to tax concessions for foreign investors by increasing the managed investment trust (MIT) withholding rate on fund payments that are attributable to non-concessional MIT income (including MIT cross staple arrangement income) to 30 per cent;

  Income Tax Assessment Act 1997

  to modify the thin capitalisation rules to prevent double gearing structures;

  Income Tax Assessment Act 1936

  to limit access to tax concessions for foreign investors by limiting the withholding tax exemption for superannuation funds for foreign residents; and

  Income Tax Assessment Act 1936

  and

  Income Tax Assessment Act 1997

  to limit access to tax concessions for foreign investors by codifying and limiting the scope of the sovereign immunity tax exemption. 

  Bill | Explanatory Memorandum

• Treasury Laws Amendment (Making Sure Multinationals Pay Their Fair Share of Tax in Australia and Other Measures) Bill 2019

  Track (What's this?)

  Date

  04 Jul 2019 

  Chamber

  House of Representatives 

  Status

  Act 

  Portfolio

  Treasury 

  Summary

  Amends the:

  Income Tax Assessment Act 1936

  and

  Income Tax Assessment Act 1997

  to: require an entity to use the value of the assets, liabilities and equity capital that are used in its financial statements; remove the ability for an entity to revalue its assets specifically for thin capitalisation purposes; and ensure that non-ADI foreign controlled Australian tax consolidated groups and multiple entry consolidated groups that have foreign investments or operations are treated as both outward investing and inward investing entities;

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

  to require offshore suppliers of rights or options to use commercial accommodation in Australia to include these supplies in working out their GST turnover; and

  A New Tax System (Luxury Car Tax) Act 1999

  to remove liability for luxury car tax from cars that are re-imported following service, repair or refurbishment overseas. 

  Bill | Explanatory Memorandum

• Treasury Laws Amendment (Medicare Levy and Medicare Levy Surcharge) Bill 2017

  Track (What's this?)

  Date

  24 May 2017 

  Chamber

  House of Representatives 

  Status

  Act 

  Portfolio

  Treasury 

  Summary

  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. 

  Bill | Explanatory Memorandum

• Treasury Laws Amendment (Medicare Levy and Medicare Levy Surcharge) Bill 2018

  Track (What's this?)

  Date

  24 May 2018 

  Chamber

  House of Representatives 

  Status

  Act 

  Portfolio

  Treasury 

  Summary

  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. 

  Bill | Explanatory Memorandum

• Treasury Laws Amendment (Medicare Levy and Medicare Levy Surcharge) Bill 2019

  Track (What's this?)

  Date

  02 Apr 2019 

  Chamber

  House of Representatives 

  Status

  Act 

  Portfolio

  Treasury 

  Summary

  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. 

  Bill | Explanatory Memorandum

• Treasury Laws Amendment (More Flexible Superannuation) Bill 2020

  Track (What's this?)

  Date

  13 May 2020 

  Chamber

  House of Representatives 

  Status

  Act 

  Portfolio

  Treasury 

  Summary

  Amends the

  Income Tax Assessment Act 1997

  to enable individuals aged 65 and 66 to make up to three years of non-concessional superannuation contributions under the bring forward rule. 

  Bill | Explanatory Memorandum

• Treasury Laws Amendment (Mutual Reforms) Bill 2019

  Track (What's this?)

  Date

  13 Feb 2019 

  Chamber

  Senate 

  Status

  Act 

  Portfolio

  Treasury 

  Summary

  Implements certain recommendations of the

  Report on Reforms for Cooperatives, Mutuals and Member-owned Firms

  (the Hammond report) by amending the:

  Corporations Act 2001

  to: introduce a definition of 'mutual entity'; clarify for transferring financial institutions and friendly societies that the demutualisation provisions apply only if an entity no longer meets the new definition of a mutual entity; provide for mutual capital instruments as a new bespoke capital instrument for mutual entities; and provide for eligible mutual entities to amend their constitutions by a standardised process to take advantage of the new arrangements; and

  Financial Sector (Shareholdings) Act 1998

  ,

  Income Tax Assessment Act 1936

  ,

  Income Tax Assessment Act 1997

  and

  Insurance Acquisitions and Takeovers Act 1991

  to make consequential amendments. 

  Bill | Explanatory Memorandum

• Treasury Laws Amendment (National Housing and Homelessness Agreement) Bill 2018

  Track (What's this?)

  Date

  25 Oct 2017 

  Chamber

  House of Representatives 

  Status

  Act 

  Portfolio

  Treasury 

  Summary

  Amends the

  Federal Financial Relations Act 2009

  to enable the Commonwealth to provide financial assistance to the states for housing, homelessness and housing affordability matters by: ceasing the National Specific Purpose Payment for Housing Services; and providing ongoing funding in accordance with a primary housing agreement, a supplementary housing agreement or a designated housing agreement. 

  Bill | Explanatory Memorandum

• Treasury Laws Amendment (News Media and Digital Platforms Mandatory Bargaining Code) Bill 2021

  Track (What's this?)

  Date

  09 Dec 2020 

  Chamber

  House of Representatives 

  Status

  Act 

  Portfolio

  Treasury 

  Summary

  Amends the

  Competition and Consumer Act 2010

  to establish a mandatory code of conduct that applies to news media businesses and digital platform corporations when bargaining in relation to news content made available by digital platform services. 

  Bill | Explanatory Memorandum