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Tax and Superannuation Laws Amendment (2014 Measures No. 4) Bill 2014

Originating house
House of Representatives
Before Reps


Amends the: Income Tax Assessment Act 1997 to: amend the statutory debt limits for the thin capitalisation rules; increase the de minimis threshold for thin capitalisation limits; provide for a new gearing debt test for inbound investors; prevent the double counting of certain non-taxable Australian real property assets that can distort the application of the Principal Asset Test; and clarify the meaning of ‘permanent establishment’; Income Tax Assessment Act 1936 and Income Tax Assessment Act 1997 to make non-portfolio returns on equity to Australian resident companies exempt of Australian income tax; Income Tax Assessment Act 1997 and Taxation Administration Act 1953 to require taxpayers to be issued with an annual tax receipt for the income tax assessed to them; and 15 Acts to make style changes, repeal redundant provisions, correct anomalous outcomes and make technical corrections.

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 17/07/14  
Second reading moved 17/07/14  

Text of bill

  • First reading


Explanatory memoranda

  • Explanatory memorandum


Second reading speeches

    Proposed amendments

    No proposed amendments have been circulated.

    Schedules of amendments

    Bills Digest