Foreign Acquisitions and Takeovers Fees Imposition Amendment (Near-new Dwelling Interests) Bill 2019

Type
Government
Portfolio
Treasury
Originating house
House of Representatives
Status
Act
Parliament no
46

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Summary

Introduced with the Treasury Laws Amendment (Reducing Pressure on Housing Affordability Measures) Bill 2019, the bill amends the Foreign Acquisitions and Takeovers Fees Imposition Act 2015 to impose reconciliation fees on developers who sell a near-new dwelling to a foreign person under a near-new dwelling exemption certificate.

Progress

House of Representatives
Introduced and read a first time 23 Oct 2019
Second reading moved 23 Oct 2019
Second reading debate 27 Nov 2019
Second reading agreed to 27 Nov 2019
Third reading agreed to 27 Nov 2019
Senate
Introduced and read a first time 27 Nov 2019
Second reading moved 27 Nov 2019
Second reading debate 05 Dec 2019
Second reading agreed to 05 Dec 2019
Third reading agreed to 05 Dec 2019
Finally passed both Houses 05 Dec 2019
Assent
  • Act no: 126
  • Year: 2019
12 Dec 2019

Documents and transcripts

Text of bill

Explanatory memoranda

Proposed amendments

No proposed amendments have been circulated.

Schedules of amendments

No documents at present

Bills digest

Notes

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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