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Bills of the current Parliament

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Tax and Superannuation Laws Amendment (2016 Measures No. 2) Bill 2016


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

Summary

Amends the: Income Tax Assessment Act 1997 and Taxation Administration Act 1953 to establish a remedial power so that the Commissioner of Taxation can make a disallowable legislative instrument to modify the operation of a taxation law in certain circumstances; Income Tax Assessment Act 1997 to enable primary producers to access income tax averaging 10 income years or more after they opted out; and A New Tax System (Luxury Car Tax) Act 1999 to provide an exemption from luxury car tax to certain public institutions that import or acquire luxury cars for the sole purpose of public display. Also makes technical amendments to 10 Acts and repeals 45 excise Acts and the Income Tax (War-time Arrangements) Act 1942.

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 14/09/16  
Second reading moved 14/09/16  
     

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