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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 (2018 Measures No. 2) Bill 2019

Type	Government
Originating house	House of Representatives
Status	Act
Portfolio	Treasury

Summary

Amends the: Corporations Act 2001 and National Consumer Credit Protection Act 2009 to allow regulations to provide for exemptions from the Australian Financial Services Licence and Australian Credit Licence requirements for the purposes of testing financial and credit products and services under certain conditions; Income Tax Assessment Act 1997 to amend the venture capital and early stage investor provisions to ensure that they operate as intended in relation to capital gains tax transactions, managed investment trusts and the early stage investor tax offset; and Income Tax Assessment Act 1936 to amend the definition of public trading trusts. Also provides for an independent review of the operation of the exemptions from the Australian Financial Services Licence and Australian Credit Licence requirements.

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	04/07/19
Second reading moved	04/07/19
Second reading debate	19/09/19
Second reading debate	15/10/19
Second reading agreed to	15/10/19
Consideration in detail debate	15/10/19
Third reading agreed to	15/10/19

Senate
Introduced and read a first time	17/10/19
Second reading moved	17/10/19
Second reading debate	06/02/20
Second reading debate	10/02/20
Second reading agreed to	10/02/20
Committee of the Whole debate	10/02/20
Third reading agreed to	10/02/20

Finally passed both Houses	10/02/20
Assent	26/02/20	Act no: 8 - Year: 2020