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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.

Diverted Profits Tax Bill 2017


Type
Government
Originating house
House of Representatives
Status
Act
Portfolio
Treasury

Summary

Introduced with the Treasury Laws Amendment (Combating Multinational Tax Avoidance) Bill 2017, the bill imposes a diverted profits tax at a rate of 40 per cent on the amount of a significant global entity’s diverted profits.

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 09/02/17  
Second reading moved 09/02/17  
Second reading debate 21/03/17  
Second reading agreed to 21/03/17  
Third reading agreed to 21/03/17  
     
Senate
Introduced and read a first time 23/03/17  
Second reading moved 23/03/17  
Second reading debate 27/03/17  
Second reading agreed to 27/03/17  
Committee of the Whole debate 27/03/17  
Third reading agreed to 27/03/17  
     
Finally passed both Houses 27/03/17  
Assent 04/04/17 Act no: 21 - Year: 2017
     

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
  • Revised explanatory memorandum

MS-Word PDF HTML

Second reading speeches


Proposed amendments

No proposed amendments have been circulated.

Schedules of amendments

Bills Digest



Notes
  • Referred to Committee (16/02/2017): Senate Economics Legislation Committee; Committee report (20/03/2017)
  • An electronic version of this Act is available on the Federal Register of Legislation (www.legislation.gov.au)