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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 (2009 Measures No. 3) Bill 2009


Type
Government
Originating house
House of Representatives
Status
Act
Portfolio
Treasury

Summary

Amends the: Taxation Administration Act 1953 to set the gross domestic product adjustment for the 2009-10 income year at two per cent; Income Tax Assessment Act 1997 and Taxation Administration Act 1953 to enable certain eligible taxpayers to make annual pay as you go instalments; Petroleum Resource Rent Tax Assessment Act 1987 to: introduce a functional currency rule; introduce a modified ‘look-back’ rule for certain exploration expenditure; introduce internal petroleum provisions; and extend the offshore exploration incentive for designated frontier areas; and Income Tax Assessment Act 1997 to update the list of deductible gift recipients.

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 14/05/09  
Second reading moved 14/05/09  
Referred to Main Committee 26/05/09  
Second reading debate 26/05/09  
Second reading agreed to 26/05/09  
Reported from Main Committee 27/05/09  
Third reading agreed to 27/05/09  
     
Senate
Introduced and read a first time 15/06/09  
Second reading moved 15/06/09  
Second reading debate 18/06/09  
Second reading agreed to 18/06/09  
Third reading agreed to 18/06/09  
     
Text of bill as passed both Houses 18/06/09  
Assent 24/06/09 Act no.: 47 of 2009
     

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

No proposed amendments have been circulated.

Schedules of amendments

Bills Digest



Notes