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TOTAL RESULTS: 1921

• 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

• Treasury Laws Amendment (2020 Measures No. 4) Bill 2021

  Track (What's this?)

  Date

  28 Oct 2020 

  Chamber

  House of Representatives 

  Status

  Not Proceeding 

  Portfolio

  Treasury 

  Summary

  Amends the:

  Income Tax Assessment Act 1997

  to make refunds of large-scale generation shortfall charges non-assessable non-exempt income for income tax purposes;

  Treasury Laws Amendment (Putting Consumers First—Establishment of the Australian Financial Complaints Authority) Act 2018

  to: facilitate the closure and any transitional arrangements associated with the Australian Financial Complaints Authority (AFCA) replacing the Superannuation Complaints Tribunal (SCT); provide for the transfer of records and documents from the SCT to the Australian Securities and Investments Commission; include a power for the Federal Court to remit cases back to AFCA; and include a rule-making power to allow the minister to prescribe matters of a transitional nature;

  Competition and Consumer Act 2010

  to increase the maximum amount of penalty units that can be included in regulations that prescribe an industry code from 300 to 600 penalty units; and

  Coronavirus Economic Response Package Omnibus (Measures No. 2) Act 2020

  to extend the temporary mechanism which enables ministers to change arrangements for meeting information and documentary requirements. 

  Bill | Explanatory Memorandum

• Treasury Laws Amendment (2021 Measures No. 7) Bill 2021

  Track (What's this?)

  Date

  25 Aug 2021 

  Chamber

  House of Representatives 

  Status

  Not Proceeding 

  Portfolio

  Treasury 

  Summary

  Amends the:

  Taxation Administration Act 1953

  to require electronic platform operators to provide information on transactions made through the platform to the Australian Taxation Office;

  Treasury Laws Amendment (Putting Consumers First—Establishment of the Australian Financial Complaints Authority) Act 2018

  to facilitate the closure and any transitional arrangements associated with the Australian Financial Complaints Authority replacing the Superannuation Complaints Tribunal; and

  Fringe Benefits Tax Assessment Act 1986

  ,

  Income Tax Assessment Act 1936

  and

  Income Tax Assessment Act 1997

  to remove the $250 non-deductible threshold for work-related self-education expenses. 

  Bill | Explanatory Memorandum

• Treasury Laws Amendment (Axe the Tampon Tax) Bill 2018

  Track (What's this?)

  Date

  09 May 2018 

  Chamber

  Senate 

  Status

  Not Proceeding 

  Sponsor

  RICE, Sen Janet 

  Summary

  Amends the

  A New Tax System (Goods and Services Tax) Act 1999

  to remove the goods and services tax from sanitary products. 

  Bill | Explanatory Memorandum

• Treasury Laws Amendment (Combating Illegal Phoenixing) Bill 2019

  Track (What's this?)

  Date

  13 Feb 2019 

  Chamber

  House of Representatives 

  Status

  Not Proceeding 

  Portfolio

  Treasury 

  Summary

  Amends: the

  Corporations Act 2001

  to: introduce new criminal offences and civil penalty provisions for company officers that fail to prevent the company from making creditor-defeating dispositions and other persons that facilitate a company making a creditor-defeating disposition; allow liquidators to apply for a court order in relation to a voidable creditor-defeating disposition; enable the Australian Securities and Investments Commission to make orders to recover, for the benefit of a company's creditors, company property disposed of or benefits received under a voidable creditor-defeating disposition; prevent directors from improperly backdating resignations or ceasing to be a director when this would leave a company with no directors; and make amendments contingent on the commencement of the

  Corporations Amendment (Strengthening Protections for Employee Entitlements) Act 2019

  and

  Treasury Laws Amendment (Strengthening Corporate and Financial Sector Penalties) Act 2019

  ; the

  A New Tax System (Goods and Services Tax) Act 1999

  and

  Taxation Administration Act 1953

  to enable the Commissioner of Taxation to collect estimates of anticipated goods and services tax (GST) liabilities and make company directors personally liable for their company's GST liabilities in certain circumstances; the

  Taxation Administration Act 1953

  to authorise the commissioner to retain tax refunds where a taxpayer has failed to lodge a return or provide other information that may affect the amount of a refund; and five Acts to make consequential amendments. 

  Bill | Explanatory Memorandum

• Treasury Laws Amendment (Consumer Data Right) Bill 2019

  Track (What's this?)

  Date

  13 Feb 2019 

  Chamber

  House of Representatives 

  Status

  Not Proceeding 

  Portfolio

  Treasury 

  Summary

  Amends the

  Competition and Consumer Act 2010

  ,

  Australian Information Commissioner Act 2010

  and

  Privacy Act 1988

  to create the Consumer Data Right to provide individuals and businesses with a right to access specified data in relation to them held by businesses. 

  Bill | Explanatory Memorandum

• Treasury Laws Amendment (Enhancing Tax Integrity and Supporting Business Investment) Bill 2022

  Track (What's this?)

  Date

  09 Feb 2022 

  Chamber

  House of Representatives 

  Status

  Not Proceeding 

  Portfolio

  Treasury 

  Summary

  Introduced with the Income Tax Amendment (Labour Mobility Program) Bill 2022, the bill amends the:

  Taxation Administration Act 1953

  to enable the Commissioner of Taxation to direct an entity to complete an approved record-keeping course as an alternative to financial penalties where the commissioner reasonably believes the entity has failed to comply with its tax-related record-keeping obligations;

  Income Tax Assessment Act 1997

  and

  Taxation Administration Act 1953

  to make consequential amendments;

  Income Tax Assessment Act 1936

  and

  Income Tax Assessment Act 1997

  to provide income tax and withholding tax exemptions for the International Federation of Association Football (FIFA) and its wholly owned subsidiary established for the purpose of delivering the 2023 FIFA Women's World Cup;

  Income Tax Assessment Act 1997

  to: provide the choice to self assess the effective life of certain intangible depreciating assets rather than using the statutory effective life in working out the decline in value; and provide an income tax exemption for certain recovery grants made to small businesses and primary producers impacted by Cyclone Seroja in April 2021;

  Competition and Consumer Act 2010

  and

  Australian Securities and Investments Commission Act 2001

  to: amend the existing unfair contract terms provisions; introduce a civil penalty regime prohibiting the use and reliance on unfair contract terms in standard form contracts; and expand the class of contracts covered by the unfair contract terms provisions; and

  Income Tax Assessment Act 1997

  and three other taxation Acts to reduce the tax on certain income earned by foreign resident workers participating in the Australian Agriculture Worker Program or the Pacific Australia Labour Mobility scheme from 32.5 per cent to 15 per cent. Also makes minor and technical amendments to 12 Acts administered in the Treasury, Social Services and Veterans' Affairs portfolios. 

  Bill | Explanatory Memorandum

• Treasury Laws Amendment (Enterprise Tax Plan No. 2) Bill 2017

  Track (What's this?)

  Date

  11 May 2017 

  Chamber

  House of Representatives 

  Status

  Not Proceeding 

  Portfolio

  Treasury 

  Summary

  Further to the

  Treasury Laws Amendment (Enterprise Tax Plan) Act 2017

  , the bill amends the:

  Income Tax Rates Act 1986

  to: progressively extend the lower 27.5 per cent corporate tax rate to all corporate tax entities by the 2023-24 financial year; and further reduce the corporate tax rate in stages so that by the 2026 27 financial year, the corporate tax rate for all entities will be 25 per cent; and

  Income Tax Assessment Act 1936

  ,

  Income Tax Assessment Act 1997

  ,

  Treasury Laws Amendment (Combating Multinational Tax Avoidance) Act 2017

  and

  Treasury Laws Amendment (Enterprise Tax Plan) Act 2017

  to make consequential amendments. 

  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

• Treasury Laws Amendment (Improving the Energy Efficiency of Rental Properties) Bill 2018

  Track (What's this?)

  Date

  22 Aug 2018 

  Chamber

  Senate 

  Status

  Not Proceeding 

  Sponsor

  STORER, Sen Tim 

  Summary

  Amends the

  Income Tax Assessment Act 1997

  to allow landlords to claim a tax offset of up to $2000 per year during a three-year trial period for energy efficiency upgrades to rental properties leased at $300 per week or less. Also provides for an independent review to be conducted after the three-year trial period. 

  Bill | Explanatory Memorandum