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Treasury Laws Amendment (2019 Measures No. 1) Bill 2019


Type
Government
Originating house
House of Representatives
Status
Act
Portfolio
Treasury

Summary

Introduced with the Excise Tariff Amendment (Supporting Craft Brewers) Bill 2019, the bill amends the: Superannuation Industry (Supervision) Act 1993, Income Tax Assessment Act 1997 and Superannuation (Unclaimed Money and Lost Members) Act 1999 to: increase the maximum number of allowable members in self-managed superannuation funds (SMSFs) from four to six; align provisions that relate to SMSFs and small Australian Prudential Regulation Authority funds with the increased maximum number of members for SMSFs; and make contingent amendments to four Acts; Excise Tariff Act 1921 to extend concessional rates of excise to brewers that supply draught beer in kegs or other containers with a capacity of eight litres or more that are designed for use with a pressurised gas delivery system or pump delivery system; Income Tax Assessment Act 1997 and to extend the exemption for Global Infrastructure Hub Limited from the liability to pay income tax on its ordinary and statutory income to 30 June 2023; and 12 Acts to make minor technical amendments and repeal inoperative provisions.

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 13/02/19  
Second reading moved 13/02/19  
Second reading debate 02/04/19  
Second reading agreed to 02/04/19  
Consideration in detail debate 02/04/19 Amendment details: 2 Government agreed to
Third reading agreed to 02/04/19  
     
Senate
Introduced and read a first time 03/04/19  
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: 49 - Year: 2019
     

Text of bill

  • First reading

MS-Word PDF HTML
  • Third reading

MS-Word PDF HTML
  • As passed by both Houses

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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 SZ103]

MS-Word PDF HTML

Schedules of amendments

Bills Digest



Notes