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TAXATION LAWS AMENDMENT BILL (NO. 4) 1994
INCOME TAX (FORMER COMPLYING SUPERANNUATION FUNDS) BILL 1994
INCOME TAX (FORMER NON-RESIDENT SUPERANNUATION FUNDS) BILL 1994
INCOME TAX RATES AMENDMENT BILL 1994
INCOME TAX (DEFICIT DEFERRAL) BILL 1994

Messages from the House of Representatives were reported transmitting

for the concurrence of the Senate the following bills:

Message no. 409, dated 5 December 1994--A Bill for an Act to amend the

law relating to taxation.

Message no. 403, dated 17 November 1994--A Bill for an Act to impose

income tax on the net previous income of non-complying superannuation

funds that were formerly complying superannuation funds.

Message no. 404, dated 17 November 1994--A Bill for an Act to impose

income tax on the net previous income of resident superannuation funds

that were previously non-resident superannuation funds.

Message no. 405, dated 17 November 1994--A Bill for an Act to amend

the Income Tax Rates Act 1986, and for related purposes.

Message no. 406, dated 17 November 1994--A Bill for an Act to impose a

tax in respect of the deferral of franking deficits of companies.

The Minister for Family Services (Senator Crowley) moved--That these

bills may proceed without formalities, may be taken together and be now

read a first time.

Question put and passed.

Bills read a first time.

Senator Crowley moved--That these bills be now read a second time.

Explanatory memorandum: Senator Crowley tabled a revised

explanatorymemorandum relating to the bills.

On the motion of Senator Reid the debate was adjourned till the next day

of sitting.