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 (2020 Measures No. 5) Bill 2020


Type
Government
Originating house
House of Representatives
Status
Act
Portfolio
Treasury

Summary

Amends the: Income Tax Assessment Act 1997 to: enable the minister to declare certain grant programs as eligible for non-assessable non-exempt income tax treatment under an instrument-making power; and update the list of deductible gift recipients to include Neighbourhood Watch Australasia; and Income Tax Assessment Act 1997 and Superannuation (Unclaimed Money and Lost Members) Act 1999 to facilitate the payment of unclaimed superannuation held by the Commissioner of Taxation directly to New Zealand KiwiSaver schemes.

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 11/11/20  
Second reading moved 11/11/20  
Second reading debate 08/12/20  
Second reading agreed to 08/12/20  
Third reading agreed to 08/12/20  
     
Senate
Introduced and read a first time 09/12/20  
Second reading moved 09/12/20  
Second reading agreed to 10/12/20  
Third reading agreed to 10/12/20  
     
Finally passed both Houses 10/12/20  
Assent 11/12/20 Act no: 118 - 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

No proposed amendments have been circulated.

Schedules of amendments

Bills Digest



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