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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.

Tax and Superannuation Laws Amendment (2015 Measures No. 1) Bill 2015

Type
Government
Originating house
House of Representatives
Status
Act
Portfolio
Treasury

Summary

Amends the: Income Tax Assessment Act 1936, Income Tax Assessment Act 1997, Medicare Levy Act 1986 and Tax and Superannuation Laws Amendment (2014 Measures No. 1) Act 2014 to abolish the dependent spouse tax offset; Income Tax Assessment Act 1936 in relation to the offshore banking unit regime; Income Tax Assessment Act 1997 to exempt the Global Infrastructure Hub Ltd from income tax liability; Income Tax Assessment Act 1997 and Tax and Superannuation Laws Amendment (2013 Measures No. 2) Act 2013 to update the list of deductible gift recipients; 16 Acts to make technical and miscellaneous amendments; and Income Tax Assessment Act 1936, Income Tax Assessment Act 1997 and Income Tax (Transitional Provisions) Act 1997 to enable foreign entities to qualify for concessions under the investment manager regime either by investing directly in Australia or investing through an Australian fund manager. Also repeals the First Home Saver Account Providers Supervisory Levy Imposition Act 2008, First Home Saver Accounts Act 2008 and Income Tax (First Home Saver Accounts Misuse Tax) Act 2008 and makes consequential amendments to 18 Acts to abolish the first home saver accounts scheme.

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 27/05/15  
Second reading moved 27/05/15  
Second reading debate 16/06/15  
Second reading agreed to 16/06/15  
Consideration in detail debate 16/06/15 Amendment details: 13 Government agreed to
Third reading agreed to 16/06/15  
     
Senate
Introduced and read a first time 17/06/15  
Second reading moved 17/06/15  
Second reading debate 17/06/15  
Second reading agreed to 17/06/15  
Committee of the Whole debate 17/06/15  
Third reading agreed to 17/06/15  
     
Finally passed both Houses 17/06/15  
Assent 25/06/15 Act no.: 70 - Year: 2015
     

[Information on document types]

Text of bill

  • First reading

MS-Word PDF HTML
  • Third reading

MS-Word PDF HTML
  • As passed by both Houses

MS-Word PDF HTML

Explanatory memoranda

  • Explanatory memorandum

MS-Word PDF HTML
  • Supplementary explanatory memorandum

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  • Revised explanatory memorandum

MS-Word PDF HTML

Second reading speeches


Proposed amendments

House of Representatives
  • Government [sheet GT157]

 MS-Word PDF HTML
Senate
  • Australian Greens [sheet 7714]
LUDLAM, Sen Scott

 MS-Word PDF HTML

Schedules of amendments

Bills Digest



Notes
  • Referred to Committee (27/05/2015): Senate Economics Legislation Committee; Committee report (15/06/2015)
  • An electronic version of this Act is available on the Federal Register of Legislation (www.legislation.gov.au)