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Tax Laws Amendment (2009 Budget Measures No. 2) Bill 2009


Type
Government
Originating house
House of Representatives
Status
Act
Portfolio
Treasury

Summary

Introduced with the Income Tax (TFN Withholding Tax (ESS)) Bill 2009, the bill amends: six Acts in relation to shares or rights granted under employee share schemes; the Income Tax Assessment Act 1997 and Income Tax (Transitional Provisions) Act 1997 in relation to the application of the non-commercial losses rules for taxpayers with an adjusted taxable income of $250,000 or more; and the Superannuation (Unclaimed Money and Lost Members) Act 1999, Financial Transaction Reports Act 1988, Income Tax Assessment Act 1997 and Taxation Administration Act 1953 to require superannuation providers to transfer the balance of certain lost members’ accounts to the Commissioner of Taxation.

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 21/10/09  
Second reading moved 21/10/09  
Second reading debate 16/11/09  
Second reading agreed to 16/11/09  
Third reading agreed to 16/11/09  
     
Senate
Introduced and read a first time 17/11/09  
Second reading moved 17/11/09  
Second reading debate 02/12/09  
Second reading agreed to 02/12/09  
Third reading agreed to 02/12/09  
     
Text of bill as passed both Houses 02/12/09  
Assent 14/12/09 Act no.: 133 - Year: 2009
     

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
  • Addendum to 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 (29/10/2009): Senate Economics Legislation Committee
  • Committee report (16/11/2009)
  • An electronic version of this Act is available on the Federal Register of Legislation (www.legislation.gov.au)