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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 (2017 Enterprise Incentives No. 1) Bill 2017


Type
Government
Originating house
House of Representatives
Status
Passed Both Houses
Portfolio
Treasury

Summary

Amends the: Income Tax Assessment Act 1936 and Income Tax Assessment Act 1997 to: supplement the ‘same business test’ with a ‘similar business test’ for the purposes of working out whether a company’s tax losses and net capital losses from previous income years can be used as a tax deduction in a current income year; and make consequential amendments; and Income Tax Assessment Act 1997 to provide taxpayers with the choice to self-assess the effective life of certain intangible depreciating assets they start to hold on or after 1 July 2016.

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 30/03/17  
Second reading moved 30/03/17  
Second reading debate 21/06/17  
Second reading debate 22/06/17  
Second reading agreed to 22/06/17  
Third reading agreed to 22/06/17  
     
Senate
Introduced and read a first time 22/06/17
(after midnight)
 
Second reading moved 22/06/17
(after midnight)
 
Second reading debate 05/12/18  
Second reading agreed to 05/12/18  
Committee of the Whole debate 05/12/18 Amendment details: 1 Government agreed to
Third reading agreed to 05/12/18  
     
House of Representatives
Consideration of Senate message 12/02/19 Details: House agreed to Senate amendment
     
Finally passed both Houses 12/02/19  
     

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
  • Supplementary explanatory memorandum

MS-Word PDF HTML

Second reading speeches


Proposed amendments

Senate
  • Government [sheet GZ230]

MS-Word PDF HTML

Schedules of amendments

  • Schedule of the amendment made by the Senate

MS-Word PDF HTML

Bills Digest



Notes