Text of bill | Explanatory memoranda | Second reading speeches | Proposed amendments | Schedules of amendments | Bills Digest

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.

Treasury Laws Amendment (2019 Petroleum Resource Rent Tax Reforms No. 1) Bill 2019


Type
Government
Originating house
House of Representatives
Status
Act
Portfolio
Treasury

Summary

Amends the: Offshore Petroleum and Greenhouse Gas Storage Act 2006 and Petroleum Resource Rent Tax Assessment Act 1987 to reduce the uplift rates that apply to certain categories of carried-forward expenditure; Petroleum Resource Rent Tax Assessment Act 1987 to remove onshore projects from the scope of the petroleum resource rent tax (PRRT); and Excise Tariff Act 1921 and Income Tax Assessment Act 1997 to remove certain exclusions from the PRRT that are no longer necessary following the exclusion of onshore petroleum projects.

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 13/02/19  
Second reading moved 13/02/19  
Second reading debate 02/04/19  
Second reading agreed to 02/04/19  
Third reading agreed to 02/04/19  
     
Senate
Introduced and read a first time 03/04/19  
Second reading agreed to 03/04/19  
Third reading agreed to 03/04/19  
     
Finally passed both Houses 03/04/19  
Assent 05/04/19 Act no: 43 - Year: 2019
     

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

Senate
  • Australian Greens [sheet 8669]
WHISH-WILSON, Sen Peter

MS-Word PDF HTML
  • Australian Greens [sheet 8664]
WHISH-WILSON, Sen Peter

MS-Word PDF HTML
  • Australian Greens [sheet 8663]
WHISH-WILSON, Sen Peter

MS-Word PDF HTML
  • Australian Greens [sheet 8662]
WHISH-WILSON, Sen Peter

MS-Word PDF HTML
  • Pauline Hanson's One Nation [sheet 8665]
GEORGIOU, Sen Peter

MS-Word PDF HTML

Schedules of amendments

Bills Digest



Notes