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Bills of the current Parliament

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 (Combating Illegal Phoenixing) Bill 2019


Type
Government
Originating house
House of Representatives
Status
Act
Portfolio
Treasury

Summary

Amends: the Corporations Act 2001 to: introduce new criminal offences and civil penalty provisions for company officers that fail to prevent the company from making creditor-defeating dispositions and other persons that facilitate a company making a creditor-defeating disposition; allow liquidators to apply for a court order in relation to a voidable creditor-defeating disposition; enable the Australian Securities and Investments Commission to make orders to recover, for the benefit of a company’s creditors, company property disposed of or benefits received under a voidable creditor-defeating disposition; and prevent directors from improperly backdating resignations or ceasing to be a director when this would leave a company with no directors; the A New Tax System (Goods and Services Tax) Act 1999 and Taxation Administration Act 1953 to enable the Commissioner of Taxation to collect estimates of anticipated goods and services tax (GST) liabilities and make company directors personally liable for their company's GST liabilities in certain circumstances; the Taxation Administration Act 1953 to authorise the commissioner to retain tax refunds where a taxpayer has failed to lodge a return or provide other information that may affect the amount of a refund; and five Acts 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 04/07/19  
Second reading moved 04/07/19  
Second reading debate 27/11/19  
Second reading agreed to 27/11/19  
Consideration in detail debate 27/11/19  
Third reading agreed to 27/11/19  
     
Senate
Introduced and read a first time 27/11/19  
Second reading moved 27/11/19  
Second reading debate 05/02/20  
Second reading agreed to 05/02/20  
Committee of the Whole debate 05/02/20 Amendment details: 2 Opposition agreed to
Third reading agreed to 05/02/20  
     
House of Representatives
Consideration of Senate message 05/02/20 Details: House agreed to Senate amendments
     
Finally passed both Houses 05/02/20  
Assent 17/02/20 Act no: 6 - Year: 2020
     

Text of bill

  • First reading

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  • As passed by both Houses

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Explanatory memoranda

  • Explanatory memorandum

MS-Word PDF HTML

Second reading speeches


Proposed amendments

House of Representatives
  • Non-Government
JONES, Stephen, MP

MS-Word PDF HTML
Senate
  • Australian Greens [sheet 8840]
FARUQI, Sen Mehreen

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  • Opposition [sheet 8862]
MCALLISTER, Sen Jenny

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Schedules of amendments

  • Schedule of the amendments made by the Senate

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Bills Digest



Notes
  • Considered by scrutiny committee (24/07/2019): Senate Standing Committee for the Scrutiny of Bills; Scrutiny Digest 5 of 2019
  • An electronic version of this Act is available on the Federal Register of Legislation (www.legislation.gov.au)