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Bills of previous Parliaments

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.

Tax Laws Amendment (2013 Measures No. 2) Bill 2013


Type
Government
Originating house
House of Representatives
Status
Act
Portfolio
Treasury

Summary

Amends: the Taxation Administration Act 1953 to: require certain large entities to pay Pay As You Go instalments monthly rather than quarterly or annually; require the commissioner to publish limited information about the tax affairs of large corporate taxpayers; enable the publication of periodic aggregate tax collection information; and enable information sharing between government agencies in relation to foreign acquisitions and investment decisions affecting Australia; the Income Tax Assessment Act 1936, Income Tax Assessment Act 1997 and Income Tax (Transitional Provisions) Act 1997 to provide a tax incentive for entities that carry on a nationally significant infrastructure project that has been designated by the Infrastructure Coordinator; the Petroleum Resource Rent Tax Assessment Act 1987 to address unintended impacts arising from the Federal Court’s decision in Esso Australia Resources Pty Ltd v Commissioner of Taxation [2012] FCAFC 5; the Income Tax Assessment Act 1997 to: remove the capital gains tax discount on discount capital gains accrued after 8 May 2012 by foreign and temporary resident individuals; and exempt payments made under the Defence Abuse Reparation Scheme from income tax; the A New Tax System (Goods and Services Tax) Act 1999 to ensure that certain National Disability Insurance Scheme funded supports are GST-free; the Income Tax Assessment Act 1997, Tax Laws Amendment (2011 Measures No. 2) Act 2011 and proposed Tax Laws Amendment (Special Conditions for Not-for-profit Concessions) Act 2013 in relation to deductible gift recipients; the Income Tax Assessment Act 1936, Income Tax Assessment Act 1997 and Infrastructure Australia Act 2008 to make consequential amendments; and seven Acts to make technical 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 29/05/13  
Second reading moved 29/05/13  
Second reading debate 06/06/13  
Second reading agreed to 06/06/13  
Consideration in detail debate 06/06/13 Amendment details: 6 Government agreed to
Third reading agreed to 06/06/13  
     
Senate
Introduced and read a first time 17/06/13  
Second reading moved 17/06/13  
Second reading debate 28/06/13  
Second reading agreed to 28/06/13  
Third reading agreed to 28/06/13  
     
Text of bill as passed both Houses 28/06/13  
Assent 29/06/13 Act no.: 124 - Year: 2013
     

Text of bill

  • First reading

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  • Third 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 1

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  • Supplementary explanatory memorandum 2

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  • Revised explanatory memorandum

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Second reading speeches


Proposed amendments

House of Representatives
  • Government [sheet BF253]

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  • Government [sheet ME100]

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  • Non-Government
HOCKEY, Joe, MP

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Senate
  • Independent [sheet 7423]
XENOPHON, Sen Nick

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  • Opposition [sheet 7388 revised]
CORMANN, Sen Mathias

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Schedules of amendments

Bills Digest



Notes
  • Referred to Committee (29/05/2013): Senate Economics Legislation Committee; Committee report (17/06/2013)
  • Referred to Committee (30/05/2013): House Standing Committee on Economics; Committee report (03/06/2013)
  • Referred to Committee (06/06/2013): Joint Committee on Corporations and Financial Services; Report due 17/06/2013; Committee report (17/06/2013)
  • Access information for House of Representatives and Senate committees
  • An electronic version of this Act is available in ComLaw ( www.comlaw.gov.au )