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Tax Laws Amendment (2007 Measures No. 4) Bill 2007


Type
Government
Originating house
House of Representatives
Status
Act
Portfolio
Treasury

Summary

Part of a package of three bills, the bill amends the taxation laws in relation to: foreign income tax offset rules; capital gains tax roll-over for medical defence organisations; superannuation funds investment in instalment warrants; updating the list of deductible gift recipients; increasing family trust flexibility; trustee beneficiary reporting rules; the transition to the simplified superannuation regime; and makes technical and other amendments in relation to: income tax deductibility for gifts to certain scholarship funds; the formula for the fringe benefit tax depreciation rate for a car; tax file number withholding from payments to certain exempt entities; and capital gains tax exemption for certain organisations. Also repeals the A New Tax System (Ultimate Beneficiary Non-disclosure Tax) Act (No. 1) 1999 and A New Tax System (Ultimate Beneficiary Non-disclosure Tax) Act (No. 2) 1999.

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 21/06/07  
Second reading moved 21/06/07  
Second reading agreed to 13/08/07  
Third reading agreed to 13/08/07  
     
Senate
Introduced and read a first time 14/08/07  
Second reading moved 14/08/07  
Second reading agreed to 18/09/07  
Third reading agreed to 18/09/07  
     
Assent 24/09/07 Act no.: 143 - Year: 2007
     

Text of bill

  • First reading

MS-Word PDF HTML

Explanatory memoranda

  • Explanatory memorandum

MS-Word PDF HTML

Second reading speeches


Proposed amendments

House of Representatives
  • Non-Government

MS-Word PDF HTML
Senate
  • Australian Democrats [sheet 5328 revised 2]
MURRAY, Andrew

MS-Word PDF HTML

Schedules of amendments

Bills Digest



Notes