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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.

Tax Laws Amendment (2008 Measures No. 5) Bill 2008


Type
Government
Originating house
House of Representatives
Status
Act
Portfolio
Treasury

Summary

Amends the: A New Tax System (Goods and Services Tax) Act 1999 in relation to the margin scheme and the sale of real property; Income Tax Assessment Act 1997 to modify the thin capitalisation regime in relation to the use of accounting standards for identifying and valuing an entity’s assets, liabilities and equity capital; Income Tax Assessment Act 1936 to extend eligibility for exemption from interest withholding tax to certain bonds; Fringe Benefits Tax Assessment Act 1986 in relation to income earning assets held jointly with a third party; and Income Tax Assessment Act 1936 in relation to the eligible investment business rules for managed funds.

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 25/09/08  
Second reading moved 25/09/08  
Second reading debate 13/11/08  
Second reading debate 24/11/08  
Second reading agreed to 24/11/08  
Third reading agreed to 24/11/08  
     
Senate
Introduced and read a first time 25/11/08  
Second reading moved 25/11/08  
Second reading debate 27/11/08  
Second reading agreed to 27/11/08  
Committee of the Whole debate 01/12/08  
Third reading agreed to 01/12/08  
     
Text of bill as passed both Houses 01/12/08  
Assent 09/12/08 Act no.: 145 of 2008
     

Text of bill

  • First reading

MS-Word PDF HTML
  • As passed by both Houses

MS-Word PDF HTML

Explanatory memoranda

  • Explanatory memorandum

MS-Word PDF HTML

Second reading speeches


Proposed amendments

Senate
  • [sheet 5673]
MILNE, Sen Christine
JOYCE, Sen Barnaby
XENOPHON, Sen Nick

MS-Word PDF HTML

Schedules of amendments

Bills Digest



Notes
  • Referred to Committee (25/09/2008): Senate Economics Committee
  • Committee report (10/11/2008)
  • Committee report (24/11/2008): Additional comments
  • Access information for House of Representatives and Senate committees
  • An electronic version of this Act is available in ComLaw ( www.comlaw.gov.au )