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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 Laws Amendment (2012 Measures No. 2) Bill 2012

Type
Government
Originating house
House of Representatives
Status
Act
Portfolio
Treasury

Summary

Introduced with the Pay As You Go Withholding Non-compliance Tax Bill 2012, the bill amends the: Taxation Administration Act 1953 and four other Acts to: extend the director penalty regime so that directors are personally responsible for their company’s unpaid superannuation guarantee amounts; make directors and their associates liable to pay as you go (PAYG) withholding non-compliance tax in certain circumstances; and ensure that directors cannot discharge their director penalties by placing their company into administration or liquidation when PAYG withholding or superannuation guarantee remains unpaid and unreported three months after the due date; Income Tax Assessment Act 1997 and Tax Laws Amendment (Taxation of Financial Arrangements) Act 2009 in relation to the taxation of financial arrangements consolidation interaction; and Income Tax Assessment Act 1997 to modify the consolidation tax cost setting rules and rights to future income rules.

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 24/05/12  
Second reading moved 24/05/12  
Second reading debate 20/06/12  
Second reading agreed to 20/06/12  
Consideration in detail debate 20/06/12 Amendment details: 2 Government agreed to
Third reading agreed to 20/06/12  
     
Senate
Introduced and read a first time 21/06/12  
Second reading moved 21/06/12  
Second reading debate 27/06/12  
Second reading agreed to 27/06/12  
Third reading agreed to 27/06/12  
     
Text of bill as passed both Houses 27/06/12  
Assent 29/06/12 Act no.: 99 - Year: 2012
     

[Information on document types]

Text of bill

  • First reading

MS-Word PDF HTML
  • Third reading

MS-Word PDF HTML
  • As passed by both Houses

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Explanatory memoranda

  • Revised explanatory memorandum

MS-Word PDF HTML
  • Explanatory memorandum

MS-Word PDF HTML
  • Explanatory memorandum

MS-Word PDF HTML

Second reading speeches


Proposed amendments

House of Representatives
  • Government [sheet CJ244]

 MS-Word PDF HTML

Schedules of amendments

Bills Digest



Notes
  • Referred to Committee (24/05/2012): House Standing Committee on Economics; Committee report (18/06/2012)
  • An electronic version of this Act is available on the Federal Register of Legislation (www.legislation.gov.au)