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Bills of previous Parliaments

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.

Taxation (Trustee Beneficiary Non-disclosure Tax) Bill (No. 1) 2007


Type
Government
Originating house
House of Representatives
Status
Act
Portfolio
Treasury

Summary

Part of a package of three bills to amend the taxation laws, the bill imposes a trustee beneficiary non-disclosure tax at the rate of 46.5 per cent on the untaxed part of a share of the trust’s net income if the trustee fails to make a correct trustee beneficiary statement.

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.: 144 - Year: 2007
     

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