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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.

Income Tax Rates Amendment (Temporary Budget Repair Levy) Bill 2014

Type
Government
Originating house
House of Representatives
Status
Act
Portfolio
Treasury

Summary

Part of a package of 15 bills to implement a three-year progressive budget repair levy, the bill amends the Income Tax Rates Act 1986 to increase by two per cent: the income tax rates payable on taxable income that exceeds $180 000; certain other income tax rates that are aligned with the top personal marginal tax rate or with calculations comprising that rate and the Medicare levy; and the income tax rate applicable to the unearned income of a minor.

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 13/05/14  
Second reading moved 13/05/14  
Second reading debate 27/05/14  
Second reading debate 28/05/14  
Second reading agreed to 28/05/14  
Third reading agreed to 28/05/14  
     
Senate
Introduced and read a first time 16/06/14  
Second reading moved 16/06/14  
Second reading debate 16/06/14  
Second reading agreed to 16/06/14  
Committee of the Whole debate 17/06/14  
Third reading agreed to 17/06/14  
     
Finally passed both Houses 17/06/14  
Assent 25/06/14 Act no.: 45 - Year: 2014
     

[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 (15/05/2014): Senate Economics Legislation Committee; Committee report (16/06/2014)
  • An electronic version of this Act is available on the Federal Register of Legislation (www.legislation.gov.au)