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Treasury Laws Amendment (2017 Measures No. 4) Bill 2017


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

Summary

Amends the: A New Tax System (Wine Equalisation Tax) Act 1999 to: introduce additional eligibility criteria for the wine equalisation tax (WET) producer rebate; provide that a purchaser of wine is only able to claim a WET credit for WET included in the purchase price of that wine if it makes a taxable dealing with the wine; reduce the WET producer rebate cap from $500 000 to $350 000; amend the timing of the application of the associated producers rule; and remove the earlier producer rebate rule; and Income Tax Assessment Act 1997 to provide asset roll-over relief for mandatory transfers within a superannuation fund in the transition to a MySuper product.

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 22/06/17  
Second reading moved 22/06/17  
     

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