Bills of previous Parliaments

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.

New Business Tax System (Over-franking Tax) Bill 2002


Type
Government
Originating house
House of Representatives
Status
Act
Portfolio
Treasury

Summary

Part of a package of three bills to introduce a simplified imputation system, the bill imposes an over-franking tax on companies that do not frank all relevant distributions within a franking period to the same extent (ie that stream distributions).

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 30/05/02  
Second reading moved 30/05/02  
Second reading agreed to 06/06/02  
Third reading agreed to 06/06/02  
     
Senate
Introduced and read a first time 19/06/02  
Second reading moved 19/06/02  
Second reading agreed to 27/06/02
(after midnight)
 
Third reading agreed to 27/06/02
(after midnight)
 
     
Assent 29/06/02 Act no.: 49 - Year: 2002
     

Text of bill

  • First reading

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)