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Bills of the current Parliament

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Treasury Laws Amendment (2020 Measures No. 4) Bill 2021


Previous citations:

Treasury Laws Amendment (2020 Measures No. 4) Bill 2020



Type
Government
Originating house
House of Representatives
Status
Before Senate
Portfolio
Treasury

Summary

Amends the: Income Tax Assessment Act 1997 to make refunds of large-scale generation shortfall charges non-assessable non-exempt income for income tax purposes; Treasury Laws Amendment (Putting Consumers First—Establishment of the Australian Financial Complaints Authority) Act 2018 to: facilitate the closure and any transitional arrangements associated with the Australian Financial Complaints Authority (AFCA) replacing the Superannuation Complaints Tribunal (SCT); provide for the transfer of records and documents from the SCT to the Australian Securities and Investments Commission; include a power for the Federal Court to remit cases back to AFCA; and include a rule-making power to allow the minister to prescribe matters of a transitional nature; Competition and Consumer Act 2010 to increase the maximum amount of penalty units that can be included in regulations that prescribe an industry code from 300 to 600 penalty units; and Coronavirus Economic Response Package Omnibus (Measures No. 2) Act 2020 to extend the temporary mechanism which enables ministers to change arrangements for meeting information and documentary requirements.

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 28/10/20  
Second reading moved 28/10/20  
Second reading debate 24/03/21  
Second reading agreed to 25/03/21  
Consideration in detail debate 25/03/21 Amendment details: 3 Government agreed to
Third reading agreed to 25/03/21  
     
Senate
Introduced and read a first time 11/05/21  
Second reading moved 11/05/21  
     

Text of bill

  • First reading

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  • Third reading

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Explanatory memoranda

  • Explanatory memorandum

MS-Word PDF HTML
  • Supplementary explanatory memorandum

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  • Revised explanatory memorandum

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Second reading speeches


Proposed amendments

House of Representatives
  • Government [sheet RV138]

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Senate
  • Independent [sheet 1087]
PATRICK, Sen Rex

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Schedules of amendments

Bills Digest



Notes