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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.

Superannuation Laws Amendment (Capital Gains Tax Relief and Other Efficiency Measures) Bill 2012


Type
Government
Originating house
House of Representatives
Status
Act
Portfolio
Treasury

Summary

Introduced with the Superannuation Auditor Registration Imposition Bill 2012, the bill amends: the Income Tax Assessment Act 1997 and Tax Laws Amendment (2009 Measures No. 6) Act 2010 to reinstate the temporary loss relief for merging superannuation funds with certain modifications; the Superannuation Industry (Supervision) Act 1993 and Taxation Administration Act 1953 to introduce a registration regime for auditors of self-managed superannuation funds; the Taxation Administration Act 1953 to expand the information required to be reported by superannuation providers to the Commissioner of Taxation; the Superannuation Industry (Supervision) Act 1993 and Retirement Savings Accounts Act 1997 to facilitate the electronic transmission of payments and associated information between certain funds, schemes and providers by providing for a register to be kept by the Commissioner of Taxation; and five Acts to make technical 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 19/09/12  
Second reading moved 19/09/12  
Second reading debate 29/10/12  
Second reading agreed to 29/10/12  
Consideration in detail debate 29/10/12  
Third reading agreed to 29/10/12  
     
Senate
Introduced and read a first time 30/10/12  
Second reading moved 30/10/12  
Second reading debate 22/11/12  
Second reading agreed to 22/11/12  
Third reading agreed to 22/11/12  
     
Text of bill as passed both Houses 22/11/12  
Assent 28/11/12 Act no.: 158 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

Second reading speeches


Proposed amendments

House of Representatives
  • Non-Government
BILLSON, Bruce, MP

MS-Word PDF HTML

Schedules of amendments

Bills Digest



Notes