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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 (Countering Tax Avoidance and Multinational Profit Shifting) Bill 2013


Type
Government
Originating house
House of Representatives
Status
Act
Portfolio
Treasury

Summary

Amends the Income Tax Assessment Act 1936, Income Tax Assessment Act 1997, Taxation Administration Act 1953 and Income Tax (Transitional Provisions) Act 1997 in relation to: the operation of the general anti-avoidance rule; the application of the arm’s length principle in transfer pricing rules aligning with international transfer pricing standards; rules for trusts and partnerships; record keeping requirements and penalties; and 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 13/02/13  
Second reading moved 13/02/13  
Second reading debate 14/03/13  
Second reading debate 16/05/13  
Second reading agreed to 16/05/13  
Third reading agreed to 16/05/13  
     
Senate
Introduced and read a first time 16/05/13  
Second reading moved 16/05/13  
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 29/06/13 Act no.: 101 - Year: 2013
     

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

No proposed amendments have been circulated.

Schedules of amendments

Bills Digest



Notes
  • Referred to Committee (14/02/2013): House Standing Committee on Economics; Committee report (12/03/2013)
  • Referred to Committee (14/03/2013): Senate Economics Legislation Committee; Committee report (14/05/2013)
  • Access information for House of Representatives and Senate committees
  • An electronic version of this Act is available in ComLaw ( www.comlaw.gov.au )