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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.

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

Type	Government
Originating house	House of Representatives
Status	Act
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
Assent	28/10/19	Act no: 94 - Year: 2019