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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.

Treasury Laws Amendment (Enterprise Tax Plan No. 2) Bill 2017


Type
Government
Originating house
House of Representatives
Status
Before Senate
Portfolio
Treasury

Summary

Further to the Treasury Laws Amendment (Enterprise Tax Plan) Act 2017, the bill amends the: Income Tax Rates Act 1986 to: progressively extend the lower 27.5 per cent corporate tax rate to all corporate tax entities by the 2023-24 financial year; and further reduce the corporate tax rate in stages so that by the 2026 27 financial year, the corporate tax rate for all entities will be 25 per cent; and Income Tax Assessment Act 1936, Income Tax Assessment Act 1997, Treasury Laws Amendment (Combating Multinational Tax Avoidance) Act 2017 and Treasury Laws Amendment (Enterprise Tax Plan) Act 2017 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 11/05/17  
Second reading moved 11/05/17  
Second reading debate 11/09/17  
Second reading debate 13/09/17  
Second reading debate 14/09/17  
Referred to Federation Chamber 18/10/17  
Second reading debate 19/10/17  
Second reading debate 07/02/18  
Returned to House for further debate 08/02/18  
Second reading debate 08/02/18  
Second reading agreed to 08/02/18  
Third reading agreed to 08/02/18  
     
Senate
Introduced and read a first time 12/02/18  
Second reading moved 12/02/18  
Second reading debate 21/03/18  
Second reading debate 22/03/18  
Second reading debate 26/03/18  
     

Text of bill

  • First reading

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Explanatory memoranda

  • Explanatory memorandum

MS-Word PDF HTML

Second reading speeches


Proposed amendments

Senate
  • Derryn Hinch's Justice Party [sheet 8439]
HINCH, Sen Derryn

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Schedules of amendments

Bills Digest



Notes