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 (2019 Measures No. 3) Bill 2019


Type
Government
Originating house
House of Representatives
Status
Assent
Portfolio
Treasury

Summary

Amends: the Income Tax Assessment Act 1936 to provide that the tax concessions available to minors for income from a testamentary trust apply only in respect of income generated from assets of the deceased estate transferred to the testamentary trust (or the proceeds of the disposal or investment of those assets); the Corporations Act 2001 to defer the transitional timeframes for existing providers to comply with the education and training standard requiring completion of an approved degree or equivalent qualification and the passing of an approved exam to 1 January 2026 and 1 January 2022, respectively; and 30 Acts to make minor and technical amendments to laws relating to taxation, superannuation, corporations and credit.

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 05/12/19  
Second reading moved 05/12/19  
Second reading debate 10/02/20  
Second reading debate 11/02/20  
Second reading agreed to 11/02/20  
Consideration in detail debate 11/02/20  
Third reading agreed to 11/02/20  
     
Senate
Introduced and read a first time 12/02/20  
Second reading moved 12/02/20  
Second reading debate 12/06/20  
Second reading agreed to 12/06/20  
Committee of the Whole debate 12/06/20 Amendment details: 2 Centre Alliance agreed to
Third reading agreed to 12/06/20  
     
House of Representatives
Consideration of Senate message 15/06/20 Details: House disagreed to Senate amendments
     
Senate
Consideration of House of Reps message 15/06/20  
Consideration of House of Reps message 16/06/20 Details: Senate insisted on its amendments
     
House of Representatives
Consideration of Senate message 16/06/20 Details: House insisted on disagreeing to the amendments insisted on by the Senate
     
Senate
Consideration of House of Reps message 17/06/20 Details: Senate did not again insist on its amendments
     
Finally passed both Houses 17/06/20  
Assent 22/06/20 Act no: 64 - Year: 2020
     

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

House of Representatives
  • Non-Government
JONES, Stephen, MP

MS-Word PDF HTML
Senate
  • Australian Greens [sheet 8970]
HANSON-YOUNG, Sen Sarah

MS-Word PDF HTML
  • Centre Alliance [sheet 8968]
PATRICK, Sen Rex

MS-Word PDF HTML
  • Opposition [sheet 8891]
MCALLISTER, Sen Jenny

MS-Word PDF HTML

Schedules of amendments

  • Schedule of the amendments made by the Senate

MS-Word PDF HTML
  • Schedule of the amendments made by the Senate to which the House of Representatives has disagreed

MS-Word PDF HTML

Bills Digest



Notes
  • Considered by scrutiny committee (05/02/2020): Senate Standing Committee for the Scrutiny of Bills; Scrutiny Digest 1 of 2020
  • An electronic version of this Act is available on the Federal Register of Legislation (www.legislation.gov.au)