Text of bill | Explanatory memoranda | Second reading speeches | Proposed amendments | Schedules of amendments | Bills Digest

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 (COVID-19 Economic Response) Bill 2021


Type
Government
Originating house
House of Representatives
Status
Act
Portfolio
Treasury

Summary

Amends the: Income Tax Assessment Act 1997 to extend the concessional tax treatment of payments received during the 2021-22 financial year by eligible businesses under eligible COVID-19 recovery grant programs administered by a state or territory government or authority; and Taxation Administration Act 1953 to enable tax information to be disclosed to Services Australia for the purposes of administering the COVID-19 disaster payment.

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 16/06/21  
Second reading moved 16/06/21  
Second reading debate 22/06/21  
Second reading debate 23/06/21  
Second reading agreed to 23/06/21  
Third reading agreed to 23/06/21  
     
Senate
Introduced and read a first time 23/06/21  
Second reading moved 23/06/21  
Second reading agreed to 24/06/21  
Third reading agreed to 24/06/21  
     
Finally passed both Houses 24/06/21  
Assent 30/06/21 Act no: 71 - Year: 2021
     

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

Second reading speeches


Proposed amendments

No proposed amendments have been circulated.

Schedules of amendments

Bills Digest



Notes
  • Considered by scrutiny committee (23/06/2021): Senate Standing Committee for the Scrutiny of Bills; Scrutiny Digest 9 of 2021
  • An electronic version of this Act is available on the Federal Register of Legislation (www.legislation.gov.au)