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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 (2010 Measures No. 4) Bill 2010


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 certain third party payment adjustments; Income Tax Assessment Act 1997 in relation to: the capital gains tax (CGT) treatment of water entitlements and termination fees; foreign currency gains and losses; certain takeovers and mergers qualifying for CGT scrip for scrip rollover; and the list of deductible gift recipients; Income Tax Assessment Act 1936, Income Tax Assessment Act 1997, Tax Laws Amendment (2010 Measures No. 1) Act 2010 and Tax Laws Amendment (Taxation of Financial Arrangements) Act 2009 in relation to: taxation of financial arrangements; and debt/equity rules; Income Tax Assessment Act 1936 to: increase the threshold above which a taxpayer may claim the net medical expenses tax offset; and commence annually indexing the threshold to the Consumer Price Index; and Income Tax Assessment Act 1997 and Income Tax (Transitional Provisions) Act 1997 to extend access to tax deductible donations to all volunteer based emergency services, including volunteer fire brigades.

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 29/09/10  
Second reading moved 29/09/10  
Second reading debate 15/11/10  
Second reading debate 17/11/10  
Second reading agreed to 17/11/10  
Consideration in detail debate 17/11/10  
Third reading agreed to 17/11/10  
     
Senate
Introduced and read a first time 18/11/10  
Second reading moved 18/11/10  
Second reading debate 22/11/10  
Second reading agreed to 22/11/10  
Committee of the Whole debate 22/11/10  
Third reading agreed to 22/11/10  
     
Text of bill as passed both Houses 22/11/10  
Assent 07/12/10 Act no.: 136 of 2010
     

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

House of Representatives
  • Non-Government
HOCKEY, Joe, MP

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Senate
  • Opposition [sheet 7010]
CORMANN, Sen Mathias

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Schedules of amendments

Bills Digest



Notes