Text of bill | Explanatory memoranda | Second reading speeches | Proposed amendments | Schedules of amendments | Bills Digest

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 (Reducing Pressure on Housing Affordability Measures No. 1) Bill 2017


Type
Government
Originating house
House of Representatives
Status
Act
Portfolio
Treasury

Summary

Introduced with the First Home Super Saver Tax Bill 2017 to establish the First Home Super Saver Scheme, the bill amends: 10 Acts to enable first home savers to make voluntary contributions into the superannuation system and to withdraw those contributions and associated earnings for the purposes of purchasing their first home; and the Income Tax Assessment Act 1997 and Taxation Administration Act 1953 to allow an individual aged 65 years or over to use the proceeds of one sale of their main residence to make contributions (downsizer contributions) of up to $300 000 to their superannuation.

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 07/09/17  
Second reading moved 07/09/17  
Second reading debate 16/10/17  
Second reading debate 17/10/17  
Second reading debate 18/10/17  
Second reading agreed to 18/10/17  
Third reading agreed to 18/10/17  
     
Senate
Introduced and read a first time 18/10/17  
Second reading moved 18/10/17  
Second reading debate 04/12/17  
Second reading debate 05/12/17  
Second reading agreed to 05/12/17  
Committee of the Whole debate 05/12/17 Amendment details: 3 Liberal Democratic Party agreed to
Third reading agreed to 05/12/17  
     
House of Representatives
Message from Senate reported 06/12/17  
Consideration of Senate message 07/12/17 Details: House agreed to Senate amendments
     
Finally passed both Houses 07/12/17  
Assent 13/12/17 Act no: 132 - 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

Senate
  • Liberal Democratic Party [sheet 8317 revised]
LEYONHJELM, Sen David

MS-Word PDF HTML

Schedules of amendments

  • Schedule of the amendments made by the Senate

MS-Word PDF HTML

Bills Digest



Notes
  • An electronic version of this Act is available on the Federal Register of Legislation (www.legislation.gov.au)