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TOTAL RESULTS: 741

• Treasury Laws Amendment (Tax Integrity and Other Measures) Bill 2018

  Track (What's this?)

  Date

  28 Mar 2018 

  Chamber

  House of Representatives 

  Status

  Act 

  Portfolio

  Treasury 

  Summary

  Amends the:

  Income Tax Assessment Act 1936

  to provide that, when determining if the multinational anti-avoidance law applies to a scheme, supplies made and income received by a closely related trust or partnership are treated as being made or received by a foreign entity;

  Income Tax Assessment Act 1997

  to: include additional conditions that must be satisfied to apply the small business capital gains tax concessions to capital gains; and provide an income tax exemption for payments made under the Defence Force Ombudsman Scheme in relation to abuse by Australian Defence Force personnel; and

  Income Tax Assessment Act 1997

  ,

  Taxation Administration Act 1953

  and

  Venture Capital Act 2002

  to ensure that venture capital investment tax concessions are available for investments in fintech businesses. 

  Bill | Explanatory Memorandum

• Treasury Laws Amendment (Tax Integrity and Other Measures No. 2) Bill 2018

  Track (What's this?)

  Date

  24 May 2018 

  Chamber

  House of Representatives 

  Status

  Act 

  Portfolio

  Treasury 

  Summary

  Amends the:

  Income Tax Assessment Act 1997

  to: implement the OECD hybrid mismatch rules by preventing entities that are liable to income tax in Australia from being able to avoid income taxation, or obtain a double non-taxation benefit, by exploiting differences between the tax treatment of entities and instruments across difference countries; deny imputation benefits on franked distributions made by an Australian corporate tax entity if all or part of the distribution gives rise to a foreign income deduction; clarify the expenditure that can be claimed under the film producer offset for films undertaking principal photography overseas; and include the Melbourne Korean War Memorial Committee Incorporated as a specifically listed deductible gift recipient between 1 January 2018 and 31 December 2019; and

  Income Tax Assessment Act 1936

  and

  Income Tax Assessment Act 1997

  to: implement the OECD hybrid mismatch rules by limiting the scope of the exemption for foreign branch income and preventing a deduction from arising for payments made by an Australian branch of a foreign bank to its head office in certain circumstances; prevent certain foreign equity distributions received by an Australian corporate tax entity from being non assessable non-exempt income if all or part of the distribution gives rise to a foreign income tax deduction; and provide an income tax exemption for the International Cricket Council Business Corporation FZ-LLC (IBC) and exempt from withholding tax payments of interest, dividend and royalties made to the IBC, for a five-year period. 

  Bill | Explanatory Memorandum

• Treasury Laws Amendment (Tax Incentives and Integrity) Bill 2025

  Track (What's this?)

  Date

  28 Nov 2024 

  Chamber

  House of Representatives 

  Status

  Act 

  Portfolio

  Treasury 

  Summary

  Amends the:

  A New Tax System (Luxury Car Tax) Act 1999

  to: reduce the maximum fuel consumption for a car to be considered fuel-efficient to 3.5 litres per 100 kilometres; and align the indexation rates for luxury car tax thresholds;

  Income Tax Assessment Act 1997

  to remove income tax deductions for amounts of general interest charge and shortfall interest charge; and

  Taxation Administration Act 1953

  to extend the period within which the Commissioner of Taxation must notify a taxpayer of their decision to retain a business activity statement refund. 

  Bill | Explanatory Memorandum

• Treasury Laws Amendment (Tax Concession for Australian Medical Innovations) Bill 2022

  Track (What's this?)

  Date

  10 Feb 2022 

  Chamber

  House of Representatives 

  Status

  Not Proceeding 

  Portfolio

  Treasury 

  Summary

  Amends the:

  Income Tax Assessment Act 1997

  to introduce the patent box regime to provide concessional tax treatment for ordinary and statutory income derived by a corporate taxpayer from exploiting a medical or biotechnology patent for the financial years commencing on or after 1 July 2022; and

  Income Tax (Transitional Provisions) Act 1997

  to include application and transitional provisions. 

  Bill | Explanatory Memorandum

• Treasury Laws Amendment (Tax Accountability and Fairness) Bill 2023

  Track (What's this?)

  Date

  16 Nov 2023 

  Chamber

  House of Representatives 

  Status

  Act 

  Portfolio

  Treasury 

  Summary

  Amends the:

  Tax Agent Services Act 2009

  and

  Taxation Administration Act 1953

  : to expand the operation of the promoter penalty provisions; and enable the sharing of certain protected information;

  Taxation Administration Act 1953

  to extend whistleblower protections to eligible whistleblowers who make disclosures to the Tax Practitioners Board (TPB); and reverse the burden of proof for certain claims of protection;

  Tax Agent Services Act 2009

  in relation to the TPB Register and the TPB’s delegation powers; and

  Petroleum Resource Rent Tax Assessment Act 1987

  to limit the proportion of petroleum resource rent tax assessable income that can be offset by deductions to 90 per cent. 

  Bill | Explanatory Memorandum

• Treasury Laws Amendment (Supporting Choice in Superannuation and Other Measures) Bill 2025

  Track (What's this?)

  Date

  26 Nov 2025 

  Chamber

  House of Representatives 

  Status

  Act 

  Portfolio

  Treasury 

  Summary

  Amends the:

  Superannuation Guarantee (Administration) Act 1992

  to streamline the choice of superannuation fund process during employee onboarding;

  Corporations Act 2001

  to ban advertising of certain superannuation products to new employees as part of the onboarding process;

  Income Tax Assessment Act 1936

  and

  Income Tax Assessment Act 1997

  to provide income tax and withholding tax exemptions for World Rugby and its wholly-owned subsidiaries;

  International Tax Agreements Act 1953

  to give legislative authority to the Convention between Australia and the Portuguese Republic for the elimination of double taxation with respect to taxes on income and the prevention of tax evasion and avoidance;

  Income Tax Assessment Act 1997

  to update the list of deductible gift recipients; and

  A New Tax System (Wine Equalisation Tax) Act 1999

  to increase the maximum amount of wine equalisation tax producer rebate claimable by eligible wine producers to $400,000 each financial year. 

  Bill | Explanatory Memorandum

• Treasury Laws Amendment (Supporting Australian Farmers) Bill 2018

  Track (What's this?)

  Date

  13 Sep 2018 

  Chamber

  House of Representatives 

  Status

  Act 

  Portfolio

  Treasury 

  Summary

  Amends the

  Income Tax Assessment Act 1997

  to allow primary producers to immediately deduct (rather than depreciate over three years) the cost of fodder storage assets, such as silos and hay sheds, used to store grain and other animal feed. 

  Bill | Explanatory Memorandum

• Treasury Laws Amendment (Support for Small Business and Charities and Other Measures) Bill 2023

  Track (What's this?)

  Date

  13 Sep 2023 

  Chamber

  House of Representatives 

  Status

  Act 

  Portfolio

  Treasury 

  Summary

  Amends the:

  Income Tax (Transitional Provisions) Act 1997

  to: increase the instant asset write-off threshold from $1,000 to $20,000 for the 2023-24 financial year; and provide small and medium businesses with access to a bonus tax deduction for the 2023-24 financial year relating to electrification and more efficient energy use;

  Income Tax Assessment Act 1997

  ,

  Taxation Administration Act 1953

  and

  A New Tax System (Australian Business Number) Act 1999

  to facilitate certain community charities achieving deductible gift recipient status;

  Income Tax Assessment Act 1997

  to: include two new entities on the list of deductible gift recipients and extend the listing for two other entities; extend the Global Infrastructure Hub’s income tax exemption for an additional year; broadly align existing tax requirements with a new accounting standard for insurance contracts; and amend the rules for non-arm’s length expenses for superannuation entities;

  Corporations Act 2001

  to reinstate the Australian Financial Complaint Authority’s jurisdiction to hear certain complaints relating to superannuation; and

  Treasury Laws Amendment (2023 Law Improvement Package No. 1) Act 2023

  to make contingent amendments. 

  Bill | Explanatory Memorandum

• Treasury Laws Amendment (Strengthening Financial Systems and Other Measures) Bill 2025

  Track (What's this?)

  Date

  04 Sep 2025 

  Chamber

  House of Representatives 

  Status

  Act 

  Portfolio

  Treasury 

  Summary

  Amends the:

  Corporations Act 2001

  to expand beneficial ownership disclosure obligations that apply to entities listed on Australia’s financial markets and broaden the Australian Securities and Investments Commission’s regulatory enforcement powers;

  Australian Charities and Not-for-profits Commission Act 2012

  to provide for new exceptions for the public disclosure of protected Australian Charities and Not-for-profits Commission information about new and ongoing investigations;

  Financial Regulator Assessment Authority Act 2021

  to reduce the frequency of the Financial Regulator Assessment Authority review cycles;

  Competition and Consumer Act 2010

  to extend the operation of the prohibiting energy market misconduct provisions from 1 January 2026 to 1 January 2031; and

  Income Tax (Transitional Provisions) Act 1997

  to extend the $20,000 instant asset write-off by 12 months until 30 June 2026. Also makes minor, technical or machinery amendments to 11 Acts. 

  Bill | Explanatory Memorandum

• Treasury Laws Amendment (Strengthening Corporate and Financial Sector Penalties) Bill 2018

  Track (What's this?)

  Date

  24 Oct 2018 

  Chamber

  House of Representatives 

  Status

  Act 

  Portfolio

  Treasury 

  Summary

  Implements certain recommendations of the ASIC Enforcement Review Taskforce by amending the

  Corporations Act 2001

  ,

  Australian Securities and Investments Commission Act 2001

  ,

  National Consumer Credit Protection Act 2009

  and

  Insurance Contracts Act 1984

  to: introduce a stronger penalty framework for corporate and financial sector misconduct; and make miscellaneous technical and consequential amendments. 

  Bill | Explanatory Memorandum