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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 (Enterprise Tax Plan No. 2) Bill 2017

Type	Government
Originating house	House of Representatives
Status	Not Proceeding
Portfolio	Treasury

Summary

Further to the Treasury Laws Amendment (Enterprise Tax Plan) Act 2017, the bill amends the: Income Tax Rates Act 1986 to: progressively extend the lower 27.5 per cent corporate tax rate to all corporate tax entities by the 2023-24 financial year; and further reduce the corporate tax rate in stages so that by the 2026 27 financial year, the corporate tax rate for all entities will be 25 per cent; and Income Tax Assessment Act 1936, Income Tax Assessment Act 1997, Treasury Laws Amendment (Combating Multinational Tax Avoidance) Act 2017 and Treasury Laws Amendment (Enterprise Tax Plan) Act 2017 to make consequential amendments.

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	11/05/17
Second reading moved	11/05/17
Second reading debate	11/09/17
Second reading debate	13/09/17
Second reading debate	14/09/17
Referred to Federation Chamber	18/10/17
Second reading debate	19/10/17
Second reading debate	07/02/18
Returned to House for further debate	08/02/18
Second reading debate	08/02/18
Second reading agreed to	08/02/18
Third reading agreed to	08/02/18

Senate
Introduced and read a first time	12/02/18
Second reading moved	12/02/18
Second reading debate	21/03/18
Second reading debate	22/03/18
Second reading debate	26/03/18
Second reading debate	20/08/18
Second reading debate	21/08/18
Second reading agreed to	21/08/18
Committee of the Whole debate	21/08/18
Committee of the Whole debate	22/08/18
Negatived in Committee of the Whole	22/08/18