Treasury Laws Amendment (Reducing Pressure on Housing Affordability Measures No. 1) Bill 2017

Type: Government
Portfolio: Treasury
Originating house: House of Representatives
Status: Act
Parliament no: 45

Summary

Introduced with the First Home Super Saver Tax Bill 2017 to establish the First Home Super Saver Scheme, the bill amends: 10 Acts to enable first home savers to make voluntary contributions into the superannuation system and to withdraw those contributions and associated earnings for the purposes of purchasing their first home; and the Income Tax Assessment Act 1997 and Taxation Administration Act 1953 to allow an individual aged 65 years or over to use the proceeds of one sale of their main residence to make contributions (downsizer contributions) of up to $300 000 to their superannuation.

Progress

House of Representatives
Introduced and read a first time	07 Sep 2017
Second reading moved	07 Sep 2017
Second reading debate	16 Oct 2017
Second reading debate	17 Oct 2017
Second reading debate	18 Oct 2017
Second reading agreed to	18 Oct 2017
Third reading agreed to	18 Oct 2017

Senate
Introduced and read a first time	18 Oct 2017
Second reading moved	18 Oct 2017
Second reading debate	04 Dec 2017
Second reading debate	05 Dec 2017
Second reading agreed to	05 Dec 2017
Committee of the Whole debate Amendment details: 3 Liberal Democratic Party agreed to	05 Dec 2017
Third reading agreed to	05 Dec 2017

House of Representatives
Message from Senate reported	06 Dec 2017
Consideration of Senate message Details: House agreed to Senate amendments	07 Dec 2017


Finally passed both Houses	07 Dec 2017
Assent Act no: 132 Year: 2017	13 Dec 2017

Documents and transcripts

Text of bill

First reading

As passed by both Houses

Explanatory memoranda

Explanatory memorandum

Transcript of speeches

Proposed amendments

Senate

Liberal Democratic Party [sheet 8317 revised]
LEYONHJELM, Sen David

Schedules of amendments

Schedule of the amendments made by the Senate

Bills digest

Bills Digest

Notes

An electronic version of this Act is available on the Federal Register of Legislation (www.legislation.gov.au)

Helpful information

Text of bill

First reading: Text of the bill as introduced into the Parliament
Third reading: Prepared if the bill is amended by the house in which it was introduced. This version of the bill is then considered by the second house.
As passed by both houses: Final text of bill agreed to by both the House of Representatives and the Senate which is presented to the Governor-General for assent.

Explanatory memoranda

Explanatory memorandum: Accompanies and provides an explanation of the content of the introduced version (first reading) of the bill.
Supplementary explanatory memorandum: Accompanies and explains amendments proposed by the government to the bill.
Revised explanatory memorandum: Accompanies and explains the amended version (third reading) of the bill. It supersedes the explanatory memorandum.

Proposed amendments

Circulated by members and senators when they propose to make changes to the bill. For details about the outcome of proposed amendments please refer to either the Votes and Proceedings (House of Representatives) or the Journals (Senate).

Schedules of amendments

Schedules of amendments list amendments agreed to by the second house are communicated to the first house for consideration. Subsequent action by either house may also be included in a schedule.

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