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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 (Major Bank Levy) Bill 2017


Type
Government
Originating house
House of Representatives
Status
Act
Portfolio
Treasury

Summary

Introduced with the Major Bank Levy Bill 2017, the bill amends the: Australian Prudential Regulation Authority Act 1998 to enable the Australian Prudential Regulation Authority (APRA) to share major bank levy information with the Commissioner of Taxation; Financial Sector (Collection of Data) Act 2001 to enable the APRA reporting standards to include information relating to amounts for the purposes of the levy; Income Tax Assessment Act 1997 to provide for the indexation of the $100 billion threshold; and Taxation Administration Act 1953 to: specify that the levy is payable to the commissioner quarterly; ensure that the ordinary collection and recovery provisions apply in relation to the levy; introduce an anti-avoidance law for the levy; and enable the commissioner to share levy information with APRA.

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 30/05/17  
Second reading moved 30/05/17  
Second reading debate 15/06/17  
Second reading debate 19/06/17  
Second reading agreed to 19/06/17  
Third reading agreed to 19/06/17  
     
Senate
Introduced and read a first time 19/06/17  
Second reading moved 19/06/17  
Second reading debate 19/06/17  
Second reading agreed to 19/06/17  
Committee of the Whole debate 19/06/17  
Third reading agreed to 19/06/17  
     
Finally passed both Houses 19/06/17  
Assent 23/06/17 Act no: 64 - 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
  • Referred to Committee (13/06/2017): Senate Economics Legislation Committee; Committee report (19/06/2017)
  • An electronic version of this Act is available on the Federal Register of Legislation (www.legislation.gov.au)