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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 (Cross-Border Transfer Pricing) Bill (No. 1) 2012


Type
Government
Originating house
House of Representatives
Status
Act
Portfolio
Treasury

Summary

Amends the: Income Tax Assessment Act 1997, Income Tax (Transitional Provisions) Act 1997 and Taxation Administration Act 1953 to retrospectively: clarify that the internationally consistent transfer pricing rules contained in Australia’s tax treaties and incorporated into Australian law provide assessment authority to address treaty related transfer pricing; and ensure that the tax treaty transfer pricing rules are applied in a manner consistent with the relevant Organisation for Economic Co-operation and Development guidance material; and Income Tax Assessment Act 1936 to make consequential 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 24/05/12  
Second reading moved 24/05/12  
Second reading debate 19/06/12  
Second reading agreed to 19/06/12  
Consideration in detail debate 19/06/12  
Third reading agreed to 19/06/12  
     
Senate
Introduced and read a first time 20/06/12  
Second reading moved 20/06/12  
Second reading debate 20/08/12  
Second reading agreed to 20/08/12  
Committee of the Whole debate 20/08/12  
Third reading agreed to 20/08/12  
     
Text of bill as passed both Houses 20/08/12  
Assent 08/09/12 Act no.: 115 - Year: 2012
     

Text of bill

  • First reading

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  • As passed by both Houses

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Explanatory memoranda

  • Explanatory memorandum

MS-Word PDF HTML

Second reading speeches


Proposed amendments

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

MS-Word PDF HTML
Senate
  • Opposition [sheet 7261]
CORMANN, Sen Mathias

MS-Word PDF HTML

Schedules of amendments

Bills Digest



Notes
  • Referred to Committee (19/06/2012): Senate Economics Legislation Committee; Committee report (14/08/2012)
  • Access information for House of Representatives and Senate committees
  • An electronic version of this Act is available in ComLaw ( www.comlaw.gov.au )