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Bills of the current Parliament

Although every effort is made to ensure the accuracy of bills homepages, the authoritative sources for verifying the progress of bills are the House of Representatives Votes and Proceedings and the Journals of the Senate.

Tax and Superannuation Laws Amendment (2015 Measures No. 6) Bill 2015


Type
Government
Originating house
House of Representatives
Status
Before Senate
Portfolio
Treasury

Summary

Amends the Income Tax Assessment Act 1997 to change the capital gains tax treatment of the sale and purchase of businesses involving certain earnout rights (rights to future payments linked to the performance of an asset or assets after sale); and the Taxation Administration Act 1953 to impose withholding obligations on the purchasers of certain Australian assets. Also makes consequential amendments to five Acts.

Progress of bill

For committee reference information, please see the Notes section at the end of this page.

House of Representatives
Introduced and read a first time 03/12/15  
Second reading moved 03/12/15  
Second reading debate 04/02/16  
Second reading agreed to 04/02/16  
Third reading agreed to 04/02/16  
     
Senate
Introduced and read a first time 04/02/16  
Second reading moved 04/02/16  
     

Text of bill

  • First reading

MS-Word PDF HTML

Explanatory memoranda

  • Explanatory memorandum

MS-Word PDF HTML

Second reading speeches


Proposed amendments

No proposed amendments have been circulated.

Schedules of amendments

Bills Digest



Notes