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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 (2009 Measures No. 4) Bill 2009


Type
Government
Originating house
House of Representatives
Status
Act
Portfolio
Treasury

Summary

Amends the: Income Tax Assessment Act 1936 to increase the research and development expenditure cap for eligibility to the tax offset from $1 million to $2 million; A New Tax System (Australian Business Number) Act 1999, Income Tax Assessment Act 1936, Income Tax Assessment Act 1997, and Taxation Administration Act 1953 in relation to private ancillary funds; Income Tax Assessment Act 1936, Income Tax Assessment Act 1997 and Income Tax (Transitional Provisions) Act 1997 to provide capital gains tax relief to certain friendly societies; and Income Tax Assessment Act 1936 in relation to losses transferred to the head company of a consolidated group by a joining entity. Also amends 15 Acts relating to taxation laws to make various minor amendments.

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 25/06/09  
Second reading moved 25/06/09  
Second reading debate 07/09/09  
Second reading agreed to 07/09/09  
Third reading agreed to 07/09/09  
     
Senate
Introduced and read a first time 08/09/09  
Second reading moved 08/09/09  
Second reading debate 10/09/09  
Second reading agreed to 10/09/09  
Committee of the Whole debate 10/09/09  
Third reading agreed to 10/09/09  
     
Text of bill as passed both Houses 10/09/09  
Assent 18/09/09 Act no.: 88 - Year: 2009
     

Text of bill

  • First reading

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  • As passed by both Houses

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Explanatory memoranda

  • Explanatory memorandum

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  • Correction to explanatory memorandum

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Second reading speeches


Proposed amendments

Senate
  • Australian Greens [sheet 5918 revised]
BROWN, Sen Bob

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  • Australian Greens [sheet 5907]
MILNE, Sen Christine

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  • Australian Greens/Nationals [sheet 5906 revised]
MILNE, Sen Christine
JOYCE, Sen Barnaby

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Schedules of amendments

Bills Digest



Notes