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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 [No. 2]


Type
Government
Originating house
House of Representatives
Status
Before Reps
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 23/06/14  
Second reading moved 23/06/14  
Second reading debate 26/06/14  
Second reading agreed to 26/06/14  
Third reading agreed to 26/06/14  
     
Senate
Introduced and read a first time 07/07/14  
Second reading moved 07/07/14  
Second reading debate 14/07/14  
Second reading debate 15/07/14  
Second reading debate 17/07/14  
Second reading agreed to 17/07/14  
Committee of the Whole debate 17/07/14 Amendment details: 2 Opposition and 2 Palmer United Party agreed to
Third reading agreed to 17/07/14  
     
House of Representatives
Consideration of Senate message 18/07/14 Details: House disagreed to Senate amendments
     
Senate
Consideration of House of Reps message 18/07/14 Details: Senate insisted on its amendments
     

Text of bill

  • First reading

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Explanatory memoranda

  • Explanatory memorandum

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  • Supplementary explanatory memorandum

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Second reading speeches


Proposed amendments

Senate
  • Australian Greens [sheet 7528]
MILNE, Sen Christine

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  • Democratic Labour Party/Independent [sheet 7515]
MADIGAN, Sen John
XENOPHON, Sen Nick

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  • Government [sheet BJ276]

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  • Liberal Democratic Party [sheet 7529]
LEYONHJELM, Sen David

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  • Opposition [sheet 7530]
MOORE, Sen Claire

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  • Palmer United Party [sheet 7516]
LAZARUS, Sen Glenn

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  • Palmer United Party [sheet 7517]
LAMBIE, Sen Jacqui

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Schedules of amendments

  • Schedule of the amendments made by the Senate

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  • Schedule of the amendments made by the Senate to which the House of Representatives has disagreed

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Bills Digest



Notes