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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 (Tax Integrity and Other Measures) Bill 2018


Type
Government
Originating house
House of Representatives
Status
Passed Both Houses
Portfolio
Treasury

Summary

Amends the: Income Tax Assessment Act 1936 to provide that, when determining if the multinational anti-avoidance law applies to a scheme, supplies made and income received by a closely related trust or partnership are treated as being made or received by a foreign entity; Income Tax Assessment Act 1997 to: include additional conditions that must be satisfied to apply the small business capital gains tax concessions to capital gains; and provide an income tax exemption for payments made under the Defence Force Ombudsman Scheme in relation to abuse by Australian Defence Force personnel; and Income Tax Assessment Act 1997, Taxation Administration Act 1953 and Venture Capital Act 2002 to ensure that venture capital investment tax concessions are available for investments in fintech businesses.

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 28/03/18  
Second reading moved 28/03/18  
Second reading debate 10/05/18  
Second reading agreed to 10/05/18  
Third reading agreed to 10/05/18  
     
Senate
Introduced and read a first time 18/06/18  
Second reading moved 18/06/18  
Second reading debate 19/09/18  
Second reading debate 20/09/18  
Second reading agreed to 20/09/18  
Committee of the Whole debate 20/09/18 Amendment details: 2 Opposition agreed to
Third reading agreed to 20/09/18  
     
House of Representatives
Consideration of Senate message 20/09/18 Details: House agreed to Senate amendments
     
Finally passed both Houses 20/09/18  
     

Text of bill

  • First reading

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  • As passed by both Houses

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Explanatory memoranda

  • Explanatory memorandum

MS-Word PDF HTML

Second reading speeches


Proposed amendments

Senate
  • Independent [sheet 8454]
STORER, Sen Tim

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  • Liberal Democratic Party [sheet 8465]
LEYONHJELM, Sen David

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  • Opposition [sheet 8452]
CAMERON, Sen Doug

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  • Opposition [sheet 8437]
CAMERON, Sen Doug

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Schedules of amendments

  • Schedule of the amendments made by the Senate

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Bills Digest



Notes
  • Considered by scrutiny committee (09/05/2018): Senate Standing Committee for the Scrutiny of Bills; Scrutiny Digest 6 of 2018