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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 (Income Tax Relief) Bill 2016


Type
Government
Originating house
House of Representatives
Status
Act
Portfolio
Treasury

Summary

Amends the Income Tax Rates Act 1986 to increase the third personal income tax threshold so that the rate of tax payable on taxable incomes from $80 001 to $87 000 for individuals is 32.5 per cent.

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 01/09/16  
Second reading moved 01/09/16  
Second reading debate 15/09/16  
Referred to Federation Chamber 15/09/16  
Reported from Federation Chamber 10/10/16  
Second reading agreed to 10/10/16  
Third reading agreed to 10/10/16  
     
Senate
Introduced and read a first time 10/10/16  
Second reading moved 10/10/16  
Second reading debate 11/10/16  
Second reading agreed to 11/10/16  
Committee of the Whole debate 11/10/16  
Committee of the Whole debate 12/10/16  
Third reading agreed to 12/10/16  
     
Finally passed both Houses 12/10/16  
Assent 20/10/16 Act no: 68 - Year: 2016
     

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
  • Referred to Committee (15/09/2016): Senate Economics Legislation Committee; Committee report (10/10/2016)
  • An electronic version of this Act is available on the Federal Register of Legislation (www.legislation.gov.au)