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Bills of previous Parliaments

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Petroleum Resource Rent Tax (Imposition—General) Bill 2011


Type
Government
Originating house
House of Representatives
Status
Act
Portfolio
Treasury

Summary

Part of a package of 11 bills, the bill imposes petroleum resource rent tax at a rate of 40 per cent on the profits of certain petroleum projects, to the extent that it is neither a duty of customs nor a duty of excise.

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 02/11/11  
Second reading moved 02/11/11  
Second reading debate 03/11/11  
Second reading debate 21/11/11  
Second reading debate 22/11/11  
Second reading agreed to 22/11/11
(after midnight)
 
Third reading agreed to 22/11/11
(after midnight)
 
     
Senate
Introduced and read a first time 07/02/12  
Second reading moved 07/02/12  
Second reading debate 15/03/12  
Second reading debate 16/03/12  
Second reading debate 19/03/12  
Second reading agreed to 19/03/12  
Third reading agreed to 19/03/12  
     
Text of bill as passed both Houses 19/03/12  
Assent 29/03/12 Act no.: 21 - Year: 2012
     

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 (02/11/2011): House Standing Committee on Economics; Committee report (21/11/2011)
  • Referred to Committee (10/11/2011): Senate Economics Legislation Committee; Committee report (14/03/2012)
  • An electronic version of this Act is available on the Federal Register of Legislation (www.legislation.gov.au)