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Bills of the current Parliament

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Treasury Laws Amendment (Enterprise Tax Plan Base Rate Entities) Bill 2018


Previous citations:

Treasury Laws Amendment (Enterprise Tax Plan Base Rate Entities) Bill 2017



Type
Government
Originating house
House of Representatives
Status
Act
Portfolio
Treasury

Summary

Amends the: Income Tax Rates Act 1986 to provide that a corporate tax entity will not qualify for the lower 27.5 per cent corporate tax rate if more than 80 per cent of its assessable income is income of a passive nature; and Income Tax Assessment Act 1997 and Income Tax Rates Act 1986 to make consequential amendments.

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 18/10/17  
Second reading moved 18/10/17  
Second reading debate 07/02/18  
Second reading debate 08/02/18  
Second reading agreed to 08/02/18  
Consideration in detail debate 08/02/18 Amendment details: 1 Government agreed to
Third reading agreed to 08/02/18  
     
Senate
Introduced and read a first time 12/02/18  
Second reading moved 12/02/18  
Second reading debate 23/08/18  
Second reading agreed to 23/08/18  
Third reading agreed to 23/08/18  
     
Finally passed both Houses 23/08/18  
Assent 31/08/18 Act no: 94 - Year: 2018
     

Text of bill

  • First reading

MS-Word PDF HTML
  • Third reading

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  • As passed by both Houses

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Explanatory memoranda

  • Explanatory memorandum

MS-Word PDF HTML
  • Supplementary explanatory memorandum

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  • Revised explanatory memorandum

MS-Word PDF HTML

Second reading speeches


Proposed amendments

House of Representatives
  • Government [HG216]

MS-Word PDF HTML

Schedules of amendments

Bills Digest



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