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Tax and Superannuation Laws Amendment (2015 Measures No. 5) Bill 2015


Type
Government
Originating house
House of Representatives
Status
Act
Portfolio
Treasury

Summary

Amends the: Income Tax Assessment Act 1997 to: reduce the methods for calculating work-related car expense deductions to include the logbook method and the cents per kilometre method; and provide for a single rate for the calculation of the cents per kilometre method to be determined by the Commissioner of Taxation; Income Tax Assessment Act 1936 to restrict the application of the Zone Tax Offset to people whose usual place of residence is within a zone or a prescribed area within a zone; Fringe Benefits Tax Assessment Act 1936 to limit the concessional treatment of salary packaged entertainment benefits; Taxation Administration Act 1953 to create a new reporting regime which requires third parties to report to the commissioner on certain transactions which could reasonably be expected to have tax consequences for other entities; and Fringe Benefits Tax Assessment Act 1986, Income Tax Assessment Act 1997, Tax Agent Services Act 2009 and Taxation Administration Act 1953 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 15/10/15  
Second reading moved 15/10/15  
Second reading debate 23/11/15  
Second reading agreed to 23/11/15  
Third reading agreed to 23/11/15  
     
Senate
Introduced and read a first time 24/11/15  
Second reading moved 24/11/15  
Second reading debate 25/11/15  
Second reading agreed to 25/11/15  
Third reading agreed to 25/11/15  
     
Finally passed both Houses 25/11/15  
Assent 30/11/15 Act no: 162 - Year: 2015
     

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
  • An electronic version of this Act is available on the Federal Register of Legislation (www.legislation.gov.au)