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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 (2021 Measures No. 6) Bill 2021


Type
Government
Originating house
House of Representatives
Status
Act
Portfolio
Treasury

Summary

Amends the: Income Tax Assessment Act 1997 to: make refunds of large-scale generation shortfall charges exempt from income tax; and remove the requirement for superannuation trustees to provide an actuarial certificate when calculating exempt current pension income using the proportionate method, where all members of the fund are fully in the retirement phase for all of the income year; Competition and Consumer Act 2010 to: increase the maximum amount of penalty units that can be included in regulations that prescribe an industry code from 300 to 600 penalty units; clarify that if regulations prescribe an industry code, the industry code may confer on a person or body functions and powers in relation to the code; and Family Law Act 1975 and Taxation Administration Act 1953 to create an information sharing mechanism to allow the family law courts to access certain superannuation information held by the Commissioner of Taxation for the purpose of permitting family law proceedings.

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 11/08/21  
Second reading moved 11/08/21  
Second reading debate 25/08/21  
Second reading debate 26/08/21  
Second reading agreed to 26/08/21  
Third reading agreed to 26/08/21  
     
Senate
Introduced and read a first time 31/08/21  
Second reading moved 31/08/21  
Second reading debate 02/09/21  
Second reading agreed to 02/09/21  
Third reading agreed to 02/09/21  
     
Finally passed both Houses 02/09/21  
Assent 13/09/21 Act no: 111 - Year: 2021
     

Text of bill

  • First reading

MS-Word PDF HTML
  • As passed by both Houses

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Explanatory memoranda

  • Explanatory memorandum

MS-Word PDF HTML

Second reading speeches


Proposed amendments

Senate
  • Independent [sheet 1435]
PATRICK, Sen Rex

MS-Word PDF HTML

Schedules of amendments

Bills Digest



Notes