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TOTAL RESULTS: 3785

• New Business Tax System (Franking Deficit Tax) Bill 2002

  Track (What's this?)

  Date

  30 May 2002 

  Chamber

  House of Representatives 

  Status

  Act 

  Portfolio

  Treasury 

  Summary

  Part of a package of three bills to introduce a simplified imputation system, the bill imposes a franking deficit tax on companies that over-impute franking credits when making franked distributions to shareholders. 

  Bill | Explanatory Memorandum

• New Business Tax System (Imputation) Bill 2002

  Track (What's this?)

  Date

  30 May 2002 

  Chamber

  House of Representatives 

  Status

  Act 

  Portfolio

  Treasury 

  Summary

  Part of a package of three bills to introduce a simplified imputation system, the bill amends the

  Income Tax Assessment Act 1997

  to implement the new system. Also amends the

  Income Tax Assessment Act 1936

  and

  Income Tax (Transitional Provisions) Act 1997

  to make transitional arrangements. 

  Bill | Explanatory Memorandum

• New Business Tax System (Over-franking Tax) Bill 2002

  Track (What's this?)

  Date

  30 May 2002 

  Chamber

  House of Representatives 

  Status

  Act 

  Portfolio

  Treasury 

  Summary

  Part of a package of three bills to introduce a simplified imputation system, the bill imposes an over-franking tax on companies that do not frank all relevant distributions within a franking period to the same extent (ie that stream distributions). 

  Bill | Explanatory Memorandum

• Taxation Laws Amendment Bill (No. 4) 2002

  Track (What's this?)

  Date

  30 May 2002 

  Chamber

  House of Representatives 

  Status

  Act 

  Portfolio

  Treasury 

  Summary

  Amends the:

  Income Tax Assessment Act 1997

  ,

  Income Tax Assessment Act 1936

  and

  Income Tax (Transitional Provisions) Act 1997

  to amend the thin capitalisation regime;

  Income Tax Assessment Act 1997

  to: insert a capital gains tax roll-over for a trust restructuring into a company; and introduce statutory caps on the effective life for the calculation of the declined value of depreciating assets; and

  Income Tax Assessment Act 1936

  and

  Income Tax Assessment Act 1997

  to provide certain tax exemptions for temporary residents. Also contains application and transitional provisions. 

  Bill | Explanatory Memorandum

• Diesel Fuel Rebate Scheme Amendment Bill 2002

  Track (What's this?)

  Date

  16 May 2002 

  Chamber

  House of Representatives 

  Status

  Act 

  Portfolio

  Treasury 

  Summary

  Amends the

  Customs Act 1901

  and

  Excise Act 1901

  to extend the Diesel Fuel Rebate Scheme to power generation by retail and hospitality businesses. 

  Bill | Explanatory Memorandum

• New Business Tax System (Consolidation) Bill (No. 1) 2002

  Track (What's this?)

  Date

  16 May 2002 

  Chamber

  House of Representatives 

  Status

  Act 

  Portfolio

  Treasury 

  Summary

  Amends the

  Income Tax Assessment Act 1997

  to introduce a consolidation regime for resident entities that comprise a wholly-owned corporate group. Also amends the

  Income Tax (Transitional Provisions) Act 1997

  in relation to transitional concessions available for transferred losses;

  Taxation Administration Act 1953

  in relation to pay as you go instalments for entities in consolidated groups; makes consequential amendments to the

  Income Tax Assessment Act 1936

  and

  Income Tax Assessment Act 1997

  ; and contains application and transitional provisions. 

  Bill | Explanatory Memorandum

• Superannuation Guarantee Charge Amendment Bill 2002

  Track (What's this?)

  Date

  16 May 2002 

  Chamber

  House of Representatives 

  Status

  Act 

  Portfolio

  Treasury 

  Summary

  Introduced with the Taxation Laws Amendment (Superannuation) Bill (No. 2) 2002, the bill provides for the quarterly imposition of the superannuation guarantee charge. 

  Bill | Explanatory Memorandum

• Taxation Laws Amendment (Superannuation) Bill (No. 2) 2002

  Track (What's this?)

  Date

  16 May 2002 

  Chamber

  House of Representatives 

  Status

  Act 

  Portfolio

  Treasury 

  Summary

  Introduced with the Superannuation Guarantee Charge Amendment Bill 2002, the bill amends: the

  Superannuation Guarantee (Administration) Act 1992

  to require at least quarterly superannuation contributions on behalf of employees; 3 Acts to reduce the superannuation surcharge rates; 5 Acts to reduce the superannuation surcharge cap; the

  Income Tax Assessment Act 1936

  and

  Income Tax Assessment Act 1997

  to limit when a contribution to a complying superannuation fund or retirement saving account will be an allowable tax deduction; the

  Income Tax Assessment Act 1936

  to: allow superannuation contributions to be made on behalf of children; and increase the deduction limit for personal superannuation contributions made by the self-employed; and the

  Bankruptcy Act 1966

  to ensure that the superannuation guarantee charge and any related general interest charge have the same priority in bankruptcy as salary or wages. Also makes technical amendments to 4 Acts, consequential amendments to 6 Acts and contains application and transitional provisions. 

  Bill | Explanatory Memorandum

• Taxation Laws Amendment (Medicare Levy and Medicare Levy Surcharge) Bill 2002

  Track (What's this?)

  Date

  14 May 2002 

  Chamber

  House of Representatives 

  Status

  Act 

  Portfolio

  Treasury 

  Summary

  Amends the:

  A New Tax (Medicare Levy Surcharge—Fringe Benefits) Act 1999

  and

  Medicare Levy Act 1986

  to increase the Medicare levy low income thresholds and the Medicare levy surcharge low income thresholds for the 2001-2002 financial year and later financial years;

  Medicare Levy Act 1986

  in relation to eligibility to use a family income threshold; and

  Income Tax Assessment Act 1936

  to make minor technical amendments. 

  Bill | Explanatory Memorandum

• Financial Sector Legislation Amendment Bill (No. 1) 2002

  Track (What's this?)

  Date

  21 Mar 2002 

  Chamber

  House of Representatives 

  Status

  Act 

  Portfolio

  Treasury 

  Summary

  Amends the:

  Australian Prudential Regulation Authority Act 1998

  and

  Financial Institutions Supervisory Levies Collection Act 1998

  in relation to financial institutions supervisory levies;

  Financial Sector (Transfers of Business) Act 1999

  in relation to a transfer of a business;

  Insurance Act 1973

  in relation to general insurance matters;

  General Insurance Reform Act 2001

  to correct a drafting error;

  Insurance Acquisitions and Takeovers Act 1991

  to remove the 30 day time limit for ministerial approval of an application for a merger or acquisition; and make consequential amendments;

  Life Insurance Act 1995

  to remove sunset clauses on the right to appeal prudential decisions to the Administrative Appeals Tribunal;

  Reserve Bank Act 1959

  in relation to: superannuation provisions and procedures for Reserve Bank, Reserve Bank Board and Payments System Board appointments, terminations and resignations; and location of the head office;

  Superannuation Industry (Supervision) Act 1993

  in relation to: winding up procedures for superannuation funds with less than five members; and Australian Taxation Office secrecy provisions; and

  Superannuation Supervisory Levy Imposition Act 1998

  in relation to the levy payable by a previously unregulated superannuation entity. 

  Bill