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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.

Tax and Superannuation Laws Amendment (Employee Share Schemes) Bill 2015

Type
Government
Originating house
House of Representatives
Status
Act
Portfolio
Treasury

Summary

Amends the: Income Tax Assessment Act 1936, Income Tax Assessment Act 1997, Income Tax (Transitional Provisions) Act 1997 and Taxation Administration Act 1953 in relation to the taxation of employee share schemes by: amending the taxing point for rights for employees of all corporate tax entities; and providing an additional tax concession for employees of certain small start-up companies; and Income Tax Assessment Act 1997 to: enable the Commissioner of Taxation to approve a method for determining the market value of an asset or non-cash benefit for income tax purposes; and 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 25/03/15  
Second reading moved 25/03/15  
Second reading debate 27/05/15  
Second reading agreed to 27/05/15  
Third reading agreed to 27/05/15  
     
Senate
Introduced and read a first time 15/06/15  
Second reading moved 15/06/15  
Second reading debate 25/06/15  
Second reading agreed to 25/06/15  
Third reading agreed to 25/06/15  
     
Finally passed both Houses 25/06/15  
Assent 30/06/15 Act no: 105 - Year: 2015
     

[Information on document types]

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
  • Referred to Committee (14/05/2015): Senate Economics Legislation Committee; Committee report (16/06/2015)
  • An electronic version of this Act is available on the Federal Register of Legislation (www.legislation.gov.au)