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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 (GST Integrity) Bill 2017


Type
Government
Originating house
House of Representatives
Status
Act
Portfolio
Treasury

Summary

Amends the A New Tax System (Goods and Services Tax) Act 1999 to: introduce a reverse charge for business to business transactions between suppliers and purchasers of gold, silver and platinum to remove the opportunity for a supplier to avoid paying goods and services tax (GST) by liquidating; and ensure that entities cannot exploit the special GST treatment for second-hand goods to claim input tax credits by changing the form of a precious metal.

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 01/06/17  
Second reading moved 01/06/17  
Second reading debate 15/06/17  
Second reading agreed to 15/06/17  
Third reading agreed to 15/06/17  
     
Senate
Introduced and read a first time 19/06/17  
Second reading moved 19/06/17  
Second reading debate 20/06/17  
Second reading agreed to 20/06/17  
Third reading agreed to 20/06/17  
     
Finally passed both Houses 20/06/17  
Assent 26/06/17 Act no: 76 - 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

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)