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Tax and Superannuation Laws Amendment (2014 Measures No. 2) Bill 2014


Type
Government
Originating house
House of Representatives
Status
Act
Portfolio
Treasury

Summary

Amends the: Medicare Levy Act 1986 to increase the Medicare levy low-income threshold amounts for families and the dependent child-student component of the threshold from the 2013-14 financial year; Income Tax Assessment Act 1936 to ensure outcomes are preserved in relation to tax assessments where taxpayers have self-assessed on the basis of certain announced taxation measures which have been discontinued; Income Tax Assessment Act 1997 to limit the ability of taxpayers who obtain additional franking credits as a result of ‘dividend washing’ to obtain a tax benefit; and Income Tax Assessment Act 1936, Income Tax Assessment Act 1997 and Medicare Levy Act 1986 to 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 29/05/14  
Second reading moved 29/05/14  
Second reading debate 04/06/14  
Second reading agreed to 04/06/14  
Third reading agreed to 04/06/14  
     
Senate
Introduced and read a first time 16/06/14  
Second reading moved 16/06/14  
Second reading debate 19/06/14  
Second reading agreed to 19/06/14  
Third reading agreed to 19/06/14  
     
Finally passed both Houses 19/06/14  
Assent 30/06/14 Act no.: 68 - Year: 2014
     

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
  • An electronic version of this Act is available on the Federal Register of Legislation (www.legislation.gov.au)