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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.

Income Tax (Managed Investment Trust Withholding Tax) Amendment Bill 2012


Type
Government
Originating house
House of Representatives
Status
Act
Portfolio
Treasury

Summary

Part of a package of two bills in relation to the managed investment trust (MIT) withholding tax, the bill amends the Income Tax (Managed Investment Trust Withholding Tax) Act 2008 to increase the MIT final withholding tax from 7.5 per cent to 15 per cent on fund payments made in the income years commencing on or after 1 July 2012.

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 20/06/12  
Second reading debate 25/06/12  
Second reading debate 26/06/12  
Second reading agreed to 26/06/12  
Third reading agreed to 26/06/12  
     
Senate
Introduced and read a first time 28/06/12  
Second reading moved 28/06/12  
Second reading debate 28/06/12  
Second reading agreed to 28/06/12  
Third reading agreed to 28/06/12  
     
Text of bill as passed both Houses 28/06/12  
Assent 29/06/12 Act no.: 96 of 2012
     

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
  • Explanatory memorandum

MS-Word PDF HTML

Second reading speeches


Proposed amendments

No proposed amendments have been circulated.

Schedules of amendments

Bills Digest



Notes
  • Referred to Committee (24/05/2012): House Standing Committee on Economics; Committee report (18/06/2012)
  • Access information for House of Representatives and Senate committees
  • An electronic version of this Act is available in ComLaw ( www.comlaw.gov.au )