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Tax and Superannuation Laws Amendment (2016 Measures No. 1) Bill 2016


Type
Government
Originating house
House of Representatives
Status
Act
Portfolio
Treasury

Summary

Amends the: A New Tax System (Goods and Services Tax) Act 1999 to ensure that the goods and services tax (GST) is applied consistently to all supplies of digital products and other imported services to Australian consumers; and relieve non-resident suppliers of the obligation to account for GST on certain supplies; A New Tax System (Australian Business Number) Act 1999, A New Tax System (Goods and Services Tax) Act 1999 and Taxation Administration Act 1953 to make consequential amendments; Income Tax Assessment Act 1997 to increase the maximum amount that can be held in farm management deposits (FMDs) by a primary producer to $800 000; and enable certain primary producers experiencing severe drought conditions to withdraw an amount that has been held in an FMD for less than 12 months, Income Tax Assessment Act 1997 and Taxation Administration Act 1953 to enable FMDs to be used to offset loans or other debts; and Income Tax Assessment Act 1997 to make a technical amendment.

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 10/02/16  
Second reading moved 10/02/16  
Second reading debate 23/02/16  
Second reading debate 03/03/16  
Second reading agreed to 03/03/16  
Third reading agreed to 03/03/16  
     
Senate
Introduced and read a first time 16/03/16  
Second reading moved 16/03/16  
Lapsed at prorogation 17/04/16  
Consideration of House of Reps message 02/05/16 Details: In response to a request from the House, the Senate agreed to resume consideration of the bill
Second reading moved 04/05/16  
Second reading debate 04/05/16  
Second reading agreed to 04/05/16  
Committee of the Whole debate 04/05/16 Amendment details: 4 Government agreed to
Third reading agreed to 04/05/16  
     
House of Representatives
Consideration of Senate message 04/05/16 Details: House agreed to Senate amendments
     
Finally passed both Houses 04/05/16  
Assent 05/05/16 Act no: 52 - Year: 2016
     

Text of bill

  • First reading

MS-Word PDF HTML
  • As passed by both Houses

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Explanatory memoranda

  • Explanatory memorandum

MS-Word PDF HTML
  • Supplementary explanatory memorandum

MS-Word PDF HTML

Second reading speeches


Proposed amendments

Senate
  • Government [sheet LL145]

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Schedules of amendments

  • Schedule of the amendments made by the Senate

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Bills Digest



Notes
  • Referred to Committee (25/02/2016): Senate Economics Legislation Committee; Committee report (10/03/2016)
  • Access information for House of Representatives and Senate committees
  • An electronic version of this Act is available in ComLaw ( www.comlaw.gov.au )