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Bills of previous Parliaments

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Tax and Superannuation Laws Amendment (2014 Measures No. 1) Bill 2014


Type
Government
Originating house
House of Representatives
Status
Act
Portfolio
Treasury

Summary

Amends the: Superannuation Industry (Supervision) Act 1993 to provide that a person must not promote a scheme that has resulted in a payment being made from a regulated superannuation fund otherwise than as prescribed by payment standards and impose a civil penalty for any contravention; Superannuation Industry (Supervision) Act 1993 and Taxation Administration Act 1953 to provide the power to give directions and impose administrative penalties for contraventions relating to self managed superannuation funds; Income Tax Assessment Act 1936 to phase out the net medical expenses tax offset by the end of the 2018-19 income year; and Income Tax Assessment Act 1997 to update the list of deductible gift recipients; and Fringe Benefits Tax Assessment Act 1986, Income Tax Assessment Act 1936 and Income Tax Assessment Act 1997 to make 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 26/02/14  
Second reading moved 26/02/14  
Second reading debate 04/03/14  
Second reading agreed to 04/03/14  
Third reading agreed to 04/03/14  
     
Senate
Introduced and read a first time 05/03/14  
Second reading moved 05/03/14  
Second reading debate 06/03/14  
Second reading agreed to 06/03/14  
Third reading agreed to 06/03/14  
     
Finally passed both Houses 06/03/14  
Assent 18/03/14 Act no.: 11 - Year: 2014
     

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
  • An electronic version of this Act is available on the Federal Register of Legislation (www.legislation.gov.au)