Treasury Laws Amendment (Tax Accountability and Fairness) Bill 2023

Type
Government
Portfolio
Treasury
Originating house
House of Representatives
Status
Act
Parliament no
47

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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.

Progress

House of Representatives
Introduced and read a first time 16 Nov 2023
Second reading moved 16 Nov 2023
Second reading debate 28 Nov 2023
Referred to Federation Chamber 28 Nov 2023
Second reading debate 29 Nov 2023
Second reading debate 30 Nov 2023
Second reading debate 07 Dec 2023
Reported from Federation Chamber 18 Mar 2024
Second reading debate 18 Mar 2024
Second reading agreed to 18 Mar 2024
Consideration in detail debate 18 Mar 2024
Third reading agreed to 18 Mar 2024
Senate
Introduced and read a first time 18 Mar 2024
Second reading moved 18 Mar 2024
Second reading agreed to 16 May 2024
Third reading agreed to 16 May 2024
Finally passed both Houses 16 May 2024
Assent
  • Act no: 37
  • Year: 2024
31 May 2024

Documents and transcripts

Text of bill

Explanatory memoranda

Proposed amendments

House of representatives

Senate

Schedules of amendments

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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