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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 and Superannuation Laws Amendment (2013 Measures No. 1) Bill 2013


Type
Government
Originating house
House of Representatives
Status
Act
Portfolio
Treasury

Summary

Amends: the Income Tax Assessment Act 1997, Superannuation (Departing Australia Superannuation Payments Tax) Act 2007 and Superannuation (Unclaimed Money and Lost Members) Act 1999 to provide that income tax is generally not payable on the interest paid by the Commonwealth on unclaimed money from 1 July 2013; the Fringe Benefits Tax Assessment Act 1986 to: align the airline transport fringe benefits rules with the in-house property and in-house residual fringe benefit provisions; and update the method for determining the taxable value of airline transport fringe benefits; the Income Tax Assessment Act 1997 to enable participants in the Sustainable Rural Water Use and Infrastructure Program to choose to make payments they derive under the program free of income tax, with expenditure related to infrastructure improvements required under the program then being non-deductible; the Income Tax Assessment Act 1936, Income Tax Assessment Act 1997, Income (Transitional Provisions) Act 1997 and Taxation Administration Act 1953 to: enable corporate tax entities to carry-back losses to previous income years; and make consequential amendments; and 18 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 13/02/13  
Second reading moved 13/02/13  
Second reading debate 29/05/13  
Second reading agreed to 29/05/13  
Consideration in detail debate 29/05/13 Amendment details: 4 Government agreed to
Third reading agreed to 29/05/13  
     
Senate
Introduced and read a first time 17/06/13  
Second reading moved 17/06/13  
Second reading debate 25/06/13  
Second reading agreed to 25/06/13  
Third reading agreed to 25/06/13  
     
Text of bill as passed both Houses 25/06/13  
Assent 28/06/13 Act no.: 88 - Year: 2013
     

Text of bill

  • First reading

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  • Third reading

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  • As passed by both Houses

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Explanatory memoranda

  • Explanatory memorandum

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  • Supplementary explanatory memorandum 1

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  • Supplementary explanatory memorandum 2

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  • Revised explanatory memorandum

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Second reading speeches


Proposed amendments

House of Representatives
  • Government [sheet CJ279]

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  • Government [sheet AP242]

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  • Non-Government

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Senate
  • Opposition [sheet 9184 revised]
CORMANN, Sen Mathias

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Schedules of amendments

Bills Digest



Notes
  • Referred to Committee (14/02/2013): Joint Committee on Corporations and Financial Services; Committee report (19/03/2013)
  • Access information for House of Representatives and Senate committees
  • An electronic version of this Act is available in ComLaw ( www.comlaw.gov.au )