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Income Tax (Managed Investment Trust Withholding Tax) Amendment Bill 2018


Type
Government
Originating house
House of Representatives
Status
Act
Portfolio
Treasury

Summary

Introduced with the Treasury Laws Amendment (Making Sure Foreign Investors Pay Their Fair Share of Tax in Australia and Other Measures) Bill 2018 and Income Tax Rates Amendment (Sovereign Entities) Bill 2018, the bill amends the Income Tax (Managed Investment Trust Withholding Tax) Act 2008 to make consequential amendments to specify that the managed investment trust (MIT) withholding rate on income attributable to non-concessional MIT income is 30 per cent.

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 20/09/18  
Second reading moved 20/09/18  
Second reading debate 12/02/19  
Second reading debate 13/02/19  
Second reading debate 14/02/19  
Second reading agreed to 14/02/19  
Third reading agreed to 14/02/19  
     
Senate
Introduced and read a first time 14/02/19  
Second reading moved 14/02/19  
Second reading agreed to 03/04/19  
Third reading agreed to 03/04/19  
     
Finally passed both Houses 03/04/19  
Assent 05/04/19 Act no: 35 - Year: 2019
     

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
  • Revised explanatory memorandum

MS-Word PDF HTML

Second reading speeches


Proposed amendments

No proposed amendments have been circulated.

Schedules of amendments

Bills Digest



Notes