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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.

Superannuation (Excess Transfer Balance Tax) Imposition Bill 2016


Type
Government
Originating house
House of Representatives
Status
Act
Portfolio
Treasury

Summary

Introduced with the Treasury Laws Amendment (Fair and Sustainable Superannuation) Bill 2016, the bill imposes an excess transfer balance tax on the notional earnings of capital moved into a retirement phase superannuation account that is in excess of $1.6 million.

Progress of bill

For committee reference information, please see the Notes section at the end of this page.

Finally passed both Houses 03/11/16  
     
House of Representatives
Introduced and read a first time 09/11/16  
Second reading moved 09/11/16  
Second reading debate 22/11/16  
Second reading agreed to 22/11/16  
Third reading agreed to 22/11/16  
     
Senate
Introduced and read a first time 23/11/16  
Second reading moved 23/11/16  
Second reading debate 23/11/16  
Second reading agreed to 23/11/16  
Committee of the Whole debate 23/11/16  
Third reading agreed to 23/11/16  
     
Assent 29/11/16 Act no: 80 - Year: 2016
     

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 (10/11/2016): Senate Economics Legislation Committee; Committee report (23/11/2016)
  • Access information for House of Representatives and Senate committees
  • An electronic version of this Act is available in ComLaw ( www.comlaw.gov.au )