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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 Laws Amendment (Personal Income Tax Plan) Bill 2018


Type
Government
Originating house
House of Representatives
Status
Act
Portfolio
Treasury

Summary

Amends the: Income Tax Assessment Act 1997, Income Tax Assessment Act 1936 and Taxation Administration Act 1953 to: introduce a low and middle income tax offset to reduce the tax payable by low and middle income earners that are Australian residents in the 2018-19, 2019-20, 2020-21 and 2021-22 financial years; and merge the low and middle income offset and the current low income tax offset into a new low income tax offset from the 2022-23 financial year; Income Tax Rates Act 1986 to progressively increase the income tax rate thresholds in the 2018-19, 2022-23 and 2024-25 financial years; and Income Tax Assessment (1936 Act) Regulation 2015 and five Acts to make consequential amendments.

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 09/05/18  
Second reading moved 09/05/18  
Second reading debate 22/05/18  
Second reading debate 23/05/18  
Second reading agreed to 23/05/18  
Consideration in detail debate 23/05/18  
Third reading agreed to 23/05/18  
     
Senate
Introduced and read a first time 18/06/18  
Second reading moved 18/06/18  
Second reading debate 19/06/18  
Second reading debate 20/06/18  
Second reading agreed to 20/06/18  
Committee of the Whole debate 20/06/18 Amendment details: 3 Opposition agreed to
Third reading agreed to 20/06/18  
     
House of Representatives
Consideration of Senate message 21/06/18 Details: House disagreed to Senate amendments
     
Senate
Consideration of House of Reps message 21/06/18 Details: Senate did not insist on its amendments
     
Finally passed both Houses 21/06/18  
Assent 21/06/18 Act no: 47 - Year: 2018
     

Text of bill

  • First reading

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  • As passed by both Houses

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Explanatory memoranda

  • Explanatory memorandum

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Second reading speeches


Proposed amendments

House of Representatives
  • Non-Government
BOWEN, Chris, MP

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Senate
  • Centre Alliance [sheet 8463]
PATRICK, Sen Rex

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  • Independent [sheet 8441]
STORER, Sen Tim

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  • Opposition [sheet 8450]
WONG, Sen Penny

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  • Opposition [sheet 8449]
WONG, Sen Penny

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  • Opposition [sheet 8431]
WONG, Sen Penny

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Schedules of amendments

  • Schedule of the amendments made by the Senate

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  • Schedule of the amendments made by the Senate to which the House of Representatives has disagreed

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Bills Digest



Notes