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Tax Laws Amendment (2007 Measures No. 5) Bill 2007


Type
Government
Originating house
House of Representatives
Status
Act
Portfolio
Treasury

Summary

Amends the taxation laws in relation to: tax-exempt asset financing; thin capitalisation; capital gains tax marriage breakdown roll-over; income tax exemptions for the Prime Minister’s Prize for Australian History and Prize for Science; same business test cap removal; partial capital gains tax roll-over for statutory licenses; Australian property trusts and stapled securities; deductible gift recipients; film production offsets; tax deductibility for certain Australian research and development activities; and establishes Innovation Australia to administer innovation and venture capital programs.

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 16/08/07  
Second reading moved 16/08/07  
Second reading agreed to 12/09/07  
Consideration in detail debate 12/09/07 Amendment details: 1 Government agreed to
Third reading agreed to 12/09/07  
     
Senate
Introduced and read a first time 13/09/07  
Second reading moved 13/09/07  
Second reading agreed to 18/09/07  
Committee of the Whole debate 18/09/07 Amendment details: 1 Government agreed to
Requests details: 2 Government agreed to
     
House of Representatives
Consideration of Senate message 19/09/07 Details: House made Senate requested amendments
     
Senate
Third reading agreed to 20/09/07  
     
House of Representatives
Consideration of Senate message 20/09/07 Details: House agreed to Senate amendment
     
Assent 25/09/07 Act no.: 164 - Year: 2007
     

Text of bill

  • First reading

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  • Third reading

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Explanatory memoranda

  • Supplementary explanatory memorandum

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  • Explanatory memorandum

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  • Revised explanatory memorandum

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  • Supplementary explanatory memorandum

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Second reading speeches


Proposed amendments

House of Representatives
  • Government [sheet QG442]

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  • Non-Government

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Senate
  • Government [sheet QG450]

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  • Government [sheet QG449]

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Schedules of amendments

  • Schedule of the amendment made by the Senate

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  • Schedules of the requests by the Senate for amendments and the amendment made by the Senate

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Bills Digest



Notes