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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.

Treasury Laws Amendment (Foreign Resident Capital Gains Withholding Payments) Bill 2017

Type
Government
Originating house
House of Representatives
Status
Act
Portfolio
Treasury

Summary

Amends the Taxation Administration Act 1953 to modify the foreign resident capital gains withholding payments regime to: increase the withholding rate from 10 per cent to 12.5 per cent; and reduce the withholding threshold from $2 million to $750 000.

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 01/06/17  
Second reading moved 01/06/17  
Second reading debate 15/06/17  
Second reading agreed to 15/06/17  
Third reading agreed to 15/06/17  
     
Senate
Introduced and read a first time 15/06/17  
Second reading moved 15/06/17  
Second reading agreed to 15/06/17  
Third reading agreed to 15/06/17  
     
Finally passed both Houses 15/06/17  
Assent 22/06/17 Act no: 57 - Year: 2017
     

[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 (01/06/2017): Senate Economics Legislation Committee; Committee report (14/06/2017)
  • An electronic version of this Act is available on the Federal Register of Legislation (www.legislation.gov.au)