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Bills of the current Parliament

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.

Minerals Resource Rent Tax Repeal and Other Measures Bill 2013


Type
Government
Originating house
House of Representatives
Status
Not Proceeding
Portfolio
Treasury

Summary

The bill: repeals the Minerals Resource Rent Tax Act 2012, Minerals Resource Rent Tax (Imposition—Customs) Act 2012, Minerals Resource Rent Tax (Imposition—Excise) Act 2012 and Minerals Resource Rent Tax (Imposition—General) Act 2012; amends the: Income Tax Assessment Act 1997 and Income Tax (Transitional Provisions) Act 1997 to provide that companies can carry tax losses forward to use as a deduction for a future year; Income Tax Assessment Act 1997 to: amend the instant asset write-off threshold provisions for small business entities; provide that motor vehicle purchases made by small business entities will be treated as normal business assets for depreciation purposes; and provide that geothermal energy exploration and prospecting expenditure are no longer immediately deductible; Superannuation Guarantee (Administration) Act 1992 to delay increases in the superannuation guarantee rate for a two-year period; Superannuation (Government Co-contribution for Low Income Earners) Act 2003 to abolish the low income superannuation contribution; Social Security Act 1991 and Social Security (Administration) Act 1999 to abolish the income support bonus payment; and A New Tax System (Family Assistance) Act 1999, A New Tax System (Family Assistance) (Administration) Act 1999, Income Tax Assessment Act 1997 and Social Security (Administration) Act 1999 to abolish the schoolkids bonus payment; and makes consequential amendments to 13 Acts.

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 13/11/13  
Second reading moved 13/11/13  
Second reading debate 19/11/13  
Second reading debate 20/11/13  
Second reading agreed to 20/11/13  
Third reading agreed to 20/11/13  
     
Senate
Introduced and read a first time 02/12/13  
Second reading moved 02/12/13  
Second reading debate 18/03/14  
Second reading debate 20/03/14  
Second reading debate 24/03/14  
Second reading debate 25/03/14  
Second reading negatived 25/03/14  
     

Text of bill

  • First reading

MS-Word PDF HTML

Explanatory memoranda

  • Explanatory memorandum

MS-Word PDF HTML

Second reading speeches


Proposed amendments

Senate
  • Democratic Labour Party [sheet 7457]
MADIGAN, Sen John

MS-Word PDF HTML

Schedules of amendments

Bills Digest



Notes
  • Referred to Committee (14/11/2013): Senate Economics Legislation Committee; Committee report (02/12/2013)
  • Access information for House of Representatives and Senate committees