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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.

Treasury Legislation Amendment (Repeal Day 2015) Bill 2016


Previous citations:

Treasury Legislation Amendment (Repeal Day 2015) Bill 2015



Type
Government
Originating house
House of Representatives
Status
Not Proceeding
Portfolio
Treasury

Summary

Amends the: Superannuation Guarantee (Administration) Act 1992 and Tax and Superannuation Laws Amendment (Norfolk Island Reforms) Act 2015 to align the earnings base for calculating the superannuation guarantee charge (SG) with the earnings base for calculating SG contributions; Superannuation Guarantee (Administration) Act 1992 to align the nominal interest on unpaid or late SG contributions with the period over which they are actually outstanding; Crimes (Taxation Offences) Act 1980, Superannuation Guarantee (Administration) Act 1992 and Taxation Administration Act 1953 to align the penalties imposed under the superannuation guarantee charge regime with the administrative penalties imposed by the Taxation Administration Act 1953; Income Tax Assessment Act 1997, Small Superannuation Accounts Act 1995, Superannuation Guarantee (Administration) Act 1992 and Superannuation (Unclaimed Money and Lost Members) Act 1999 to enable the Commissioner of Taxation to pay for certain superannuation amounts directly to individuals with a terminal medical condition; and remove the requirement for superannuation funds to lodge a separate biannual lost members statement; and Corporations Act 2001 to modify the notification and reporting obligations applying to certain corporations that have property in receivership or property in respect of which a controller is acting. Also amends 10 Acts to remove redundant or spent provisions and repeals 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 12/11/15  
Second reading moved 12/11/15  
Second reading debate 01/12/15  
Second reading debate 16/03/16  
Second reading agreed to 16/03/16  
Consideration in detail debate 16/03/16 Amendment details: 2 Opposition agreed to
Third reading agreed to 16/03/16  
     
Senate
Introduced and read a first time 16/03/16  
Second reading moved 16/03/16  
Lapsed at prorogation 17/04/16  
     

Text of bill

  • First reading

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  • Third reading

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Explanatory memoranda

  • Explanatory memorandum

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  • Supplementary explanatory memorandum

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  • Revised explanatory memorandum

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Second reading speeches


Proposed amendments

House of Representatives
  • Government [sheet GB133]

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  • Non-Government
CHALMERS, Jim, MP

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Schedules of amendments

Bills Digest



Notes