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Tax and Superannuation Laws Amendment (2014 Measures No. 6) Bill 2014


Type
Government
Originating house
House of Representatives
Status
Act
Portfolio
Treasury

Summary

Amends: the Income Tax Assessment Act 1997 to extend the existing business restructure roll overs available where a member of a company or unitholder in a unit trust can defer the income tax consequences of transactions that occur in the course of a business restructure; the Income Tax Assessment Act 1997 and Taxation Administration Act 1953 to ensure that foreign pension funds can access the managed investment trust withholding tax regime and the associated lower rate of withholding tax on income from eligible Australian investments; the Income Tax Assessment Act 1936 to provide an exemption from tax on income derived by certain entities engaged by the Government of the United States of America in connection with Force Posture Initiatives in Australia; the Fuel Tax Act 2006 and Energy Grants (Cleaner Fuels) Scheme Regulations 2004 to: ensure that changes to the amount of excise and excise-equivalent customs duty payable as a result of tariff proposals are taken into account in calculating fuel tax credits and the cleaner fuels grant for biodiesel and renewable diesel; and five Acts to make consequential and technical 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 30/10/14  
Second reading moved 30/10/14  
Second reading debate 25/11/14  
Second reading agreed to 25/11/14  
Third reading agreed to 25/11/14  
     
Senate
Introduced and read a first time 26/11/14  
Second reading moved 26/11/14  
Second reading debate 02/12/14  
Second reading agreed to 02/12/14  
Committee of the Whole debate 02/12/14  
Third reading agreed to 02/12/14  
     
Finally passed both Houses 02/12/14  
Assent 12/12/14 Act no.: 133 - Year: 2014
     

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

Senate
  • Australian Greens [sheet 7627]
MILNE, Sen Christine

MS-Word PDF HTML

Schedules of amendments

Bills Digest



Notes
  • Referred to Committee (30/10/2014): Senate Economics Legislation Committee; Committee report (25/11/2014)
  • An electronic version of this Act is available on the Federal Register of Legislation (www.legislation.gov.au)