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Bills of the current Parliament

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Treasury Laws Amendment (2019 Measures No. 2) Bill 2019


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

Summary

Amends the: Income Tax Assessment Act 1997 to extend the concessional tax treatment for genuine redundancy and early retirement scheme payments made to individuals who are 65 years or older provided the dismissal or retirement occurs before they reach pension age; A New Tax System (Luxury Car Tax) Act 1999 to increase the refund amount that eligible primary producers and tourism operators can receive when luxury car tax is borne on the supply or import of an eligible vehicle; Competition and Consumer Act 2010 to: increase the size of the board of the Australian Energy Regulator from three to five members and make changes to the operation of the board; and create a requirement that consumer data rules include an obligation on accredited data recipients to delete consumer data right data in response to a valid request from a consumer; Superannuation (Unclaimed Money and Lost Members) Act 1999 to enable the Commissioner of Taxation to pay interest on amounts held by the commissioner that are proactively reunified with a person’s active superannuation account; and Superannuation (Unclaimed Money and Lost Members) Regulations 1999 to prescribe the rate of interest payable on inactive low balance accounts and amounts proactively reunified by the commissioner.

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 18/09/19  
Second reading moved 18/09/19  
Second reading debate 16/10/19  
Second reading agreed to 16/10/19  
Third reading agreed to 16/10/19  
     
Senate
Introduced and read a first time 17/10/19  
Second reading moved 17/10/19  
Second reading debate 17/10/19  
Second reading agreed to 17/10/19  
Third reading agreed to 17/10/19  
     
Finally passed both Houses 17/10/19  
     

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