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TOTAL RESULTS: 1923

• Treasury Laws Amendment (2018 Superannuation Measures No. 1) Bill 2018

  Track (What's this?)

  Date

  24 May 2018 

  Chamber

  House of Representatives 

  Status

  Not Proceeding 

  Portfolio

  Treasury 

  Summary

  Amends the:

  Income Tax Assessment Act 1997

  and

  Superannuation Guarantee (Administration) Act 1992

  to provide for a one-off 12 month amnesty to encourage employers to self-correct historical superannuation guarantee non-compliance;

  Superannuation Guarantee (Administration) Act 1992

  to enable certain employees with multiple employers to apply for an employer shortfall exemption certificate which prevents their employer from having a superannuation guarantee shortfall if they do not make contributions for a period;

  Administrative Decisions (Judicial Review) Act 1977

  to make consequential amendments;

  Income Tax Assessment Act 1997

  to ensure that a superannuation entity’s non-arm’s length income includes income where expenditure in gaining or producing it was not an arm’s length expense; and

  Income Tax Assessment Act 1997

  ,

  Taxation Administration Act 1953

  and

  Income Tax (Transitional Provisions) Act 1997

  to ensure that, in certain circumstances involving limited recourse borrowing arrangements, the total value of a superannuation fund’s assets is taken into account in working out individual members’ total superannuation balances. 

  Bill | Explanatory Memorandum

• National Consumer Credit Protection Amendment (Mandatory Comprehensive Credit Reporting) Bill 2018

  Track (What's this?)

  Date

  28 Mar 2018 

  Chamber

  House of Representatives 

  Status

  Not Proceeding 

  Portfolio

  Treasury 

  Summary

  Amends the:

  National Consumer Credit Protection Act 2009

  to: establish a mandatory comprehensive credit reporting regime to apply from 1 July 2018; and expand the Australian Securities and Investments Commission’s powers so it can monitor compliance with the regime; and

  Privacy Act 1988

  to impose additional requirements as to where and how data held by a credit reporting body must be stored. 

  Bill | Explanatory Memorandum

• Foreign Acquisitions and Takeovers Fees Imposition Amendment (Near-new Dwelling Interests) Bill 2018

  Track (What's this?)

  Date

  08 Feb 2018 

  Chamber

  House of Representatives 

  Status

  Not Proceeding 

  Portfolio

  Treasury 

  Summary

  Introduced with the Treasury Laws Amendment (Reducing Pressure on Housing Affordability Measures No. 2) Bill 2018, 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. 

  Bill | Explanatory Memorandum

• Treasury Laws Amendment (2018 Measures No. 2) Bill 2018

  Track (What's this?)

  Date

  08 Feb 2018 

  Chamber

  House of Representatives 

  Status

  Not Proceeding 

  Portfolio

  Treasury 

  Summary

  Amends the:

  Corporations Act 2001

  and

  National Consumer Credit Protection Act 2009

  to allow regulations to provide for exemptions from the Australian Financial Services Licence and Australian Credit Licence requirements for the purposes of testing financial and credit products and services under certain conditions;

  Income Tax Assessment Act 1997

  to amend the venture capital and early stage investor provisions to ensure that they operate as intended in relation to capital gains tax transactions, managed investment trusts and the early stage investor tax offset; and

  Income Tax Assessment Act 1936

  to amend the definition of public trading trusts. 

  Bill | Explanatory Memorandum

• Treasury Laws Amendment (Reducing Pressure on Housing Affordability Measures No. 2) Bill 2018

  Track (What's this?)

  Date

  08 Feb 2018 

  Chamber

  House of Representatives 

  Status

  Not Proceeding 

  Portfolio

  Treasury 

  Summary

  Introduced with the Foreign Acquisitions and Takeovers Fees Imposition Amendment (Near-new Dwelling Interests) Bill 2018, the bill amends the:

  Income Tax Assessment Act 1997

  to: remove the entitlement to the capital gains tax (CGT) main residence exemption for foreign residents; and clarify that, for the purpose of determining whether an entity’s underlying value is principally derived from taxable Australian real property under the foreign resident CGT regime, the principal asset test is applied on an associate inclusive basis;

  Income Tax (Transitional Provisions) Act 1997

  to provide for transitional arrangements in relation to the main residence exemption;

  Foreign Acquisitions and Takeovers Act 1975

  to require a reconciliation payment to be made by developers who sell dwellings to foreign persons under a near-new dwelling exemption certificate; and

  Income Tax Assessment Act 1997

  and

  Taxation Administration Act 1953

  to provide an additional affordable housing capital gains discount of up to 10 per cent. 

  Bill | Explanatory Memorandum

• Superannuation Laws Amendment (Strengthening Trustee Arrangements) Bill 2017

  Track (What's this?)

  Date

  14 Sep 2017 

  Chamber

  Senate 

  Status

  Not Proceeding 

  Portfolio

  Treasury 

  Summary

  Introduced with the Treasury Laws Amendment (Improving Accountability and Member Outcomes in Superannuation Measures No. 1) Bill 2017, the bill amends the:

  Superannuation Industry (Supervision) Act 1993

  to require registrable superannuation licensees to have at least one-third independent directors and for the Chair of the Board of directors to be one of these independent directors; and

  Governance of Australian Government Superannuation Schemes Act 2011

  to enable the trustee board of the Commonwealth Superannuation Corporation to comply with the new independence requirements. 

  Bill | Explanatory Memorandum

• Treasury Laws Amendment (Improving Accountability and Member Outcomes in Superannuation Measures No. 2) Bill 2017

  Track (What's this?)

  Date

  14 Sep 2017 

  Chamber

  House of Representatives 

  Status

  Not Proceeding 

  Portfolio

  Treasury 

  Summary

  Amends the

  Superannuation Guarantee (Administration) Act 1992

  to: provide that employees under workplace determinations or enterprise agreements made on or after 1 July 2018 have the right to choose their superannuation fund; and provide that amounts sacrificed under an employee salary sacrifice arrangement will not reduce an employer’s mandated superannuation guarantee contributions. 

  Bill | Explanatory Memorandum

• Family Trust Distribution Tax (Primary Liability) Amendment (National Disability Insurance Scheme Funding) Bill 2017

  Track (What's this?)

  Date

  17 Aug 2017 

  Chamber

  House of Representatives 

  Status

  Not Proceeding 

  Portfolio

  Treasury 

  Summary

  Part of a package of 11 bills to fund the Commonwealth’s contribution to the National Disability Insurance Scheme, the bill amends the

  Family Trust Distribution Tax (Primary Liability) Act 1998

  to increase from 47 per cent to 47.5 per cent the rate of family trust distribution tax. 

  Bill | Explanatory Memorandum

• Fringe Benefits Tax Amendment (National Disability Insurance Scheme Funding) Bill 2017

  Track (What's this?)

  Date

  17 Aug 2017 

  Chamber

  House of Representatives 

  Status

  Not Proceeding 

  Portfolio

  Treasury 

  Summary

  Part of a package of 11 bills to fund the Commonwealth’s contribution to the National Disability Insurance Scheme, the bill amends the

  Fringe Benefits Tax Act 1986

  to increase from 47 per cent to 47.5 per cent the rate of fringe benefits tax. 

  Bill | Explanatory Memorandum

• Income Tax (TFN Withholding Tax (ESS)) Amendment (National Disability Insurance Scheme Funding) Bill 2017

  Track (What's this?)

  Date

  17 Aug 2017 

  Chamber

  House of Representatives 

  Status

  Not Proceeding 

  Portfolio

  Treasury 

  Summary

  Part of a package of 11 bills to fund the Commonwealth’s contribution to the National Disability Insurance Scheme, the bill amends the

  Income Tax (TFN Withholding Tax (ESS)) Act 2009

  to increase from 47 per cent to 47.5 per cent the rate of tax imposed on employees who receive an employee share scheme (ESS) interest under an ESS and have not provided an Australian Business Number or tax file number. 

  Bill | Explanatory Memorandum