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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 (Junior Minerals Exploration Incentive) Bill 2017


Type
Government
Originating house
House of Representatives
Status
Act
Portfolio
Treasury

Summary

Amends the: Income Tax Assessment Act 1997 to replace the Exploration Development Incentive with the Junior Minerals Exploration Incentive, which will enable junior exploration companies undertaking greenfields minerals exploration to distribute their tax losses as a refundable tax offset to investors who have purchased newly issued shares; and Income Tax Assessment Act 1936, Income Tax Assessment Act 1997, Taxation Administration Act 1953 and Tax and Superannuation Laws Amendment (2014 Measures No. 7) Act 2015 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 19/10/17  
Second reading moved 19/10/17  
Second reading debate 13/02/18  
Second reading agreed to 13/02/18  
Third reading agreed to 13/02/18  
     
Senate
Introduced and read a first time 15/02/18  
Second reading moved 15/02/18  
Second reading debate 19/03/18  
Second reading agreed to 19/03/18  
Committee of the Whole debate 19/03/18 Amendment details: 1 Government and 2 Opposition agreed to
Requests details: 1 Government agreed to
Bill agreed to, subject to requests 19/03/18  
     
House of Representatives
Consideration of Senate message 26/03/18 Details: House made Senate requested amendment
     
Senate
Third reading agreed to 26/03/18  
     
House of Representatives
Consideration of Senate message 27/03/18 Details: House agreed to Senate amendments
     
Finally passed both Houses 27/03/18  
Assent 28/03/18 Act no: 15 - Year: 2018
     

Text of bill

  • First reading

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  • As passed by both Houses

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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 8384]
BARTLETT, Sen Andrew

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  • Government [sheet GU143]

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  • Opposition [sheet 8370]
CAMERON, Sen Doug

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Schedules of amendments

  • Schedules of the request by the Senate for amendment and the amendments made by the Senate

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  • Schedule of the amendments made by the Senate

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Bills Digest



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