Title Minerals Resource Rent Tax Repeal and Other Measures Bill 2013
Database Bills & Legislation
Long Title a Bill for an Act to amend the law relating to taxation, superannuation, social security and family assistance, and for other purposes
Date 13-11-2013 11:00 AM
Source House of Reps
Parl No. 44
Bill Number 215/13
Bill Type Government
Portfolio Treasury
Reps Bill Code T
Status Not Proceeding
System Id legislation/bills/r5142_first-reps/0000


Minerals Resource Rent Tax Repeal and Other Measures Bill 2013
</head> <body lang="EN-AU" link="black" vlink="purple" xml:lang="EN-AU"> <div class="WordSection1"> <p class="Session"><a name="_GoBack"/>2013</p> <p class="MsoNormal"><span style="font-size:14.0pt"> </span></p> <p class="MsoNormal"><span style="font-size:14.0pt">The Parliament of the</span></p> <p class="MsoNormal"><span style="font-size:14.0pt">Commonwealth of Australia</span></p> <p class="MsoNormal"><span style="font-size:14.0pt"> </span></p> <p class="House">HOUSE OF REPRESENTATIVES</p> <p class="MsoNormal"> </p> <p class="MsoNormal"> </p> <p class="MsoNormal"> </p> <p class="MsoNormal"> </p> <p class="Reading">Presented and read a first time</p> <p class="MsoNormal"><span style="font-size:9.5pt"> </span></p> <p class="MsoNormal"><span style="font-size:9.5pt"> </span></p> <p class="MsoNormal"><span style="font-size:9.5pt"> </span></p> <p class="MsoNormal"><span style="font-size:9.5pt"> </span></p> <p class="ShortT">Minerals Resource Rent Tax Repeal and Other Measures Bill 2013</p> <p class="MsoNormal"> </p> <p class="Actno">No.      , 2013</p> <p class="MsoNormal"> </p> <p class="Portfolio">(Treasury)</p> <p class="MsoNormal"> </p> <p class="MsoNormal"> </p> <p class="MsoNormal"> </p> <p class="LongT">A Bill for an Act to amend the law relating to taxation, superannuation, social security and family assistance, and for other purposes</p> <p class="MsoHeader"><span class="CharAmSchNo"> </span><span class="CharAmSchText"> </span></p> <p class="MsoHeader"><span class="CharAmPartNo"> </span><span class="CharAmPartText"> </span></p> </div> <span style="font-size:11.0pt;font-family:"Times New Roman","serif""><br clear="all" style="page-break-before:always"/></span> <div class="WordSection2"> <p class="MsoNormal"><span style="font-size:18.0pt">Contents</span></p> <p class="MsoToc5"><a name="BKCheck15B_1" id="BKCheck15B_1"/>1............ Short title............................................................................................. 1</p> <p class="MsoToc5">2............ Commencement................................................................................... 1</p> <p class="MsoToc5">3............ Schedule(s)......................................................................................... 2</p> <p class="MsoToc6">Schedule 1—Minerals resource rent tax<span style="font-size:9.0pt;font-weight:normal">                                                                 </span> <span style="font-size:9.0pt;font-weight:normal">3</span></p> <p class="MsoToc7">Part 1—Repeals<span style="font-size:9.0pt">                                                                                                               </span> <span style="font-size:9.0pt">3</span></p> <p class="MsoToc9">Minerals Resource Rent Tax Act 2012<span style="font-size: 9.0pt;font-style:normal">                                                                   </span> <span style="font-size:9.0pt;font-style:normal">3</span></p> <p class="MsoToc9">Minerals Resource Rent Tax (Imposition—Customs) Act 2012<span style="font-size:9.0pt;font-style:normal">                         </span> <span style="font-size:9.0pt;font-style:normal">3</span></p> <p class="MsoToc9">Minerals Resource Rent Tax (Imposition—Excise) Act 2012<span style="font-size:9.0pt;font-style:normal">                             </span> <span style="font-size:9.0pt;font-style:normal">3</span></p> <p class="MsoToc9">Minerals Resource Rent Tax (Imposition—General) Act 2012<span style="font-size:9.0pt;font-style:normal">                          </span> <span style="font-size:9.0pt;font-style:normal">3</span></p> <p class="MsoToc7">Part 2—Consequential amendments<span style="font-size: 9.0pt">                                                                     </span> <span style="font-size:9.0pt">4</span></p> <p class="MsoToc9">Administrative Decisions (Judicial Review) Act 1977<span style="font-size:9.0pt;font-style:normal">                                        </span> <span style="font-size:9.0pt;font-style:normal">4</span></p> <p class="MsoToc9">A New Tax System (Goods and Services Tax) Act 1999<span style="font-size:9.0pt;font-style:normal">                                       </span> <span style="font-size:9.0pt;font-style:normal">4</span></p> <p class="MsoToc9">Crimes (Taxation Offences) Act 1980<span style="font-size: 9.0pt;font-style:normal">                                                                     </span> <span style="font-size:9.0pt;font-style:normal">4</span></p> <p class="MsoToc9">Income Tax Assessment Act 1997<span style="font-size:9.0pt; font-style:normal">                                                                             </span> <span style="font-size:9.0pt;font-style:normal">5</span></p> <p class="MsoToc9">Minerals Resource Rent Tax (Consequential Amendments and Transitional Provisions) Act 2012<span style="font-size:9.0pt;font-style:normal">              </span> <span style="font-size:9.0pt;font-style:normal">9</span></p> <p class="MsoToc9">Petroleum Resource Rent Tax Assessment Act 1987<span style="font-size:9.0pt;font-style:normal">                                            </span> <span style="font-size:9.0pt;font-style:normal">9</span></p> <p class="MsoToc9">Tax and Superannuation Laws Amendment (2013 Measures No. 1) Act 2013 <span style="font-size:9.0pt;font-style:normal">11</span></p> <p class="MsoToc9">Taxation Administration Act 1953<span style="font-size:9.0pt; font-style:normal">                                                                        </span> <span style="font-size:9.0pt;font-style:normal">11</span></p> <p class="MsoToc9">Taxation (Interest on Overpayments and Early Payments) Act 1983<span style="font-size:9.0pt;font-style:normal">             </span> <span style="font-size:9.0pt;font-style:normal">17</span></p> <p class="MsoToc7">Part 3—General transitional provisions<span style="font-size:9.0pt">                                                             </span> <span style="font-size:9.0pt">19</span></p> <p class="MsoToc7">Part 4—Specific transitional provisions<span style="font-size:9.0pt">                                                            </span> <span style="font-size:9.0pt">20</span></p> <p class="MsoToc6">Schedule 2—Loss carry back<span style="font-size:9.0pt; font-weight:normal">                                                                                       </span> <span style="font-size:9.0pt;font-weight:normal">21</span></p> <p class="MsoToc7">Part 1—Repeals<span style="font-size:9.0pt">                                                                                                             </span> <span style="font-size:9.0pt">21</span></p> <p class="MsoToc9">Income Tax Assessment Act 1997<span style="font-size:9.0pt; font-style:normal">                                                                           </span> <span style="font-size:9.0pt;font-style:normal">21</span></p> <p class="MsoToc9">Income Tax (Transitional Provisions) Act 1997<span style="font-size:9.0pt;font-style:normal">                                                 </span> <span style="font-size:9.0pt;font-style:normal">21</span></p> <p class="MsoToc7">Part 2—Consequential amendments<span style="font-size: 9.0pt">                                                                   </span> <span style="font-size:9.0pt">22</span></p> <p class="MsoToc9">Income Tax Assessment Act 1936<span style="font-size:9.0pt; font-style:normal">                                                                           </span> <span style="font-size:9.0pt;font-style:normal">22</span></p> <p class="MsoToc9">Income Tax Assessment Act 1997<span style="font-size:9.0pt; font-style:normal">                                                                           </span> <span style="font-size:9.0pt;font-style:normal">23</span></p> <p class="MsoToc9">Taxation Administration Act 1953<span style="font-size:9.0pt; font-style:normal">                                                                        </span> <span style="font-size:9.0pt;font-style:normal">25</span></p> <p class="MsoToc7">Part 3—Application, transitional and saving provisions<span style="font-size:9.0pt">                           </span> <span style="font-size:9.0pt">26</span></p> <p class="MsoToc9">Income Tax (Transitional Provisions) Act 1997<span style="font-size:9.0pt;font-style:normal">                                                 </span> <span style="font-size:9.0pt;font-style:normal">26</span></p> <p class="MsoToc6">Schedule 3—Small business instant asset write‑off threshold<span style="font-size:9.0pt;font-weight:normal">                  </span> <span style="font-size:9.0pt;font-weight:normal">28</span></p> <p class="MsoToc9">Income Tax Assessment Act 1997<span style="font-size:9.0pt; font-style:normal">                                                                           </span> <span style="font-size:9.0pt;font-style:normal">28</span></p> <p class="MsoToc6">Schedule 4—Deductions for motor vehicles<span style="font-size:9.0pt;font-weight:normal">                                                        </span> <span style="font-size:9.0pt;font-weight:normal">30</span></p> <p class="MsoToc9">Income Tax Assessment Act 1997<span style="font-size:9.0pt; font-style:normal">                                                                           </span> <span style="font-size:9.0pt;font-style:normal">30</span></p> <p class="MsoToc6">Schedule 5—Geothermal energy<span style="font-size:9.0pt; font-weight:normal">                                                                                </span> <span style="font-size:9.0pt;font-weight:normal">31</span></p> <p class="MsoToc9">Income Tax Assessment Act 1997<span style="font-size:9.0pt; font-style:normal">                                                                           </span> <span style="font-size:9.0pt;font-style:normal">31</span></p> <p class="MsoToc6">Schedule 6—Superannuation Guarantee Charge percentage<span style="font-size:9.0pt;font-weight:normal">                 </span> <span style="font-size:9.0pt;font-weight:normal">36</span></p> <p class="MsoToc9">Superannuation Guarantee (Administration) Act 1992<span style="font-size:9.0pt;font-style:normal">                                   </span> <span style="font-size:9.0pt;font-style:normal">36</span></p> <p class="MsoToc6">Schedule 7—Low income superannuation contribution<span style="font-size:9.0pt;font-weight:normal">                             </span> <span style="font-size:9.0pt;font-weight:normal">37</span></p> <p class="MsoToc9">Superannuation (Government Co‑contribution for Low Income Earners) Act 2003<span style="font-size:9.0pt;font-style:normal">        </span> <span style="font-size:9.0pt;font-style:normal">37</span></p> <p class="MsoToc6">Schedule 8—Repeal of income support bonus<span style="font-size:9.0pt;font-weight:normal">                                                  </span> <span style="font-size:9.0pt;font-weight:normal">40</span></p> <p class="MsoToc7">Part 1—Main amendments<span style="font-size:9.0pt">                                                                                      </span> <span style="font-size:9.0pt">40</span></p> <p class="MsoToc9">Social Security Act 1991<span style="font-size:9.0pt; font-style:normal">                                                                                         </span> <span style="font-size:9.0pt;font-style:normal">40</span></p> <p class="MsoToc9">Social Security (Administration) Act 1999<span style="font-size:9.0pt;font-style:normal">                                                          </span> <span style="font-size:9.0pt;font-style:normal">40</span></p> <p class="MsoToc7">Part 2—Consequential amendments<span style="font-size: 9.0pt">                                                                   </span> <span style="font-size:9.0pt">42</span></p> <p class="MsoToc9">Farm Household Support Act 1992<span style="font-size:9.0pt; font-style:normal">                                                                      </span> <span style="font-size:9.0pt;font-style:normal">42</span></p> <p class="MsoToc9">Income Tax Assessment Act 1997<span style="font-size:9.0pt; font-style:normal">                                                                           </span> <span style="font-size:9.0pt;font-style:normal">42</span></p> <p class="MsoToc9">Social Security Act 1991<span style="font-size:9.0pt; font-style:normal">                                                                                         </span> <span style="font-size:9.0pt;font-style:normal">43</span></p> <p class="MsoToc9">Social Security (Administration) Act 1999<span style="font-size:9.0pt;font-style:normal">                                                          </span> <span style="font-size:9.0pt;font-style:normal">43</span></p> <p class="MsoToc7">Part 3—Saving provisions<span style="font-size:9.0pt">                                                                                        </span> <span style="font-size:9.0pt">44</span></p> <p class="MsoToc6">Schedule 9—Repeal of schoolkids bonus<span style="font-size:9.0pt;font-weight:normal">                                                              </span> <span style="font-size:9.0pt;font-weight:normal">46</span></p> <p class="MsoToc7">Part 1—Amendments<span style="font-size:9.0pt">                                                                                                 </span> <span style="font-size:9.0pt">46</span></p> <p class="MsoToc9">A New Tax System (Family Assistance) Act 1999<span style="font-size:9.0pt;font-style:normal">                                               </span> <span style="font-size:9.0pt;font-style:normal">46</span></p> <p class="MsoToc9">A New Tax System (Family Assistance) (Administration) Act 1999<span style="font-size:9.0pt;font-style:normal">                </span> <span style="font-size:9.0pt;font-style:normal">47</span></p> <p class="MsoToc9">Income Tax Assessment Act 1997<span style="font-size:9.0pt; font-style:normal">                                                                           </span> <span style="font-size:9.0pt;font-style:normal">48</span></p> <p class="MsoToc9">Social Security (Administration) Act 1999<span style="font-size:9.0pt;font-style:normal">                                                          </span> <span style="font-size:9.0pt;font-style:normal">48</span></p> <p class="MsoToc7">Part 2—Saving provisions<span style="font-size:9.0pt">                                                                                        </span> <span style="font-size:9.0pt">49</span></p> <p class="MsoNormal"> </p> </div> <span style="font-size:11.0pt;font-family:"Times New Roman","serif""><br clear="all" style="page-break-before:always"/></span> <div class="WordSection3"> <p class="Page1">A Bill for an Act to amend the law relating to taxation, superannuation, social security and family assistance, and for other purposes</p> <p class="MsoNormal" style="margin-top:12.0pt;line-height:normal"> <span style="font-size:16.0pt">The Parliament of Australia enacts:</span></p> <opc-section depth="0" ref="c784876baa2549a89072b8c50a4ef9ba" title="1  Short title"><a name="c784876baa2549a89072b8c50a4ef9ba"/><p class="ActHead5"><a name="_Toc371929914"><span class="CharSectno">1</span>  Short title</a></p> <p class="subsection">                    This Act may be cited as the <i>Minerals Resource Rent Tax Repeal and Other Measures Act 2013</i>.</p> </opc-section><opc-section depth="0" ref="851b573d79274ce3a4354b05cabbfa9f" title="2  Commencement"><a name="851b573d79274ce3a4354b05cabbfa9f"/><p class="ActHead5"><a name="_Toc371929915"><span class="CharSectno">2</span>  Commencement</a></p> <p class="subsection">              (1)  Each provision of this Act specified in column 1 of the table commences, or is taken to have commenced, in accordance with column 2 of the table. Any other statement in column 2 has effect according to its terms.</p> <p class="Tabletext"> </p> <table class="MsoNormalTable" border="0" cellspacing="0" cellpadding="0" width="474" style="margin-left:5.35pt;border-collapse:collapse"> <thead> <tr style="page-break-inside:avoid"> <td width="474" colspan="3" valign="top" style="width:355.55pt;border:none; border-top:solid windowtext 1.5pt;padding:0cm 5.35pt 0cm 5.35pt"> <p class="TableHeading">Commencement information</p> </td> </tr> <tr style="page-break-inside:avoid"> <td width="113" valign="top" style="width:3.0cm;border-top:solid windowtext 1.0pt; border-left:none;border-bottom:solid windowtext 1.0pt;border-right:none; padding:0cm 5.35pt 0cm 5.35pt"> <p class="TableHeading">Column 1</p> </td> <td width="255" valign="top" style="width:191.4pt;border-top:solid windowtext 1.0pt; border-left:none;border-bottom:solid windowtext 1.0pt;border-right:none; padding:0cm 5.35pt 0cm 5.35pt"> <p class="TableHeading">Column 2</p> </td> <td width="105" valign="top" style="width:79.1pt;border-top:solid windowtext 1.0pt; border-left:none;border-bottom:solid windowtext 1.0pt;border-right:none; padding:0cm 5.35pt 0cm 5.35pt"> <p class="TableHeading">Column 3</p> </td> </tr> <tr style="page-break-inside:avoid"> <td width="113" valign="top" style="width:3.0cm;border:none;border-bottom:solid windowtext 1.5pt; padding:0cm 5.35pt 0cm 5.35pt"> <p class="TableHeading">Provision(s)</p> </td> <td width="255" valign="top" style="width:191.4pt;border:none;border-bottom: solid windowtext 1.5pt;padding:0cm 5.35pt 0cm 5.35pt"> <p class="TableHeading">Commencement</p> </td> <td width="105" valign="top" style="width:79.1pt;border:none;border-bottom:solid windowtext 1.5pt; padding:0cm 5.35pt 0cm 5.35pt"> <p class="TableHeading">Date/Details</p> </td> </tr> </thead> <tr style="page-break-inside:avoid"> <td width="113" valign="top" style="width:3.0cm;border:none;border-bottom:solid windowtext 1.0pt; padding:0cm 5.35pt 0cm 5.35pt"> <p class="Tabletext">1.  Sections 1 to 3 and anything in this Act not elsewhere covered by this table</p> </td> <td width="255" valign="top" style="width:191.4pt;border:none;border-bottom:solid windowtext 1.0pt; padding:0cm 5.35pt 0cm 5.35pt"> <p class="Tabletext">The day this Act receives the Royal Assent.</p> </td> <td width="105" valign="top" style="width:79.1pt;border:none;border-bottom:solid windowtext 1.0pt; padding:0cm 5.35pt 0cm 5.35pt"> <p class="Tabletext"> </p> </td> </tr> <tr style="page-break-inside:avoid"> <td width="113" valign="top" style="width:3.0cm;border:none;border-bottom:solid windowtext 1.0pt; padding:0cm 5.35pt 0cm 5.35pt"> <p class="Tabletext">2.  Schedule 1</p> </td> <td width="255" valign="top" style="width:191.4pt;border:none;border-bottom:solid windowtext 1.0pt; padding:0cm 5.35pt 0cm 5.35pt"> <p class="Tabletext">1 July 2014.</p> </td> <td width="105" valign="top" style="width:79.1pt;border:none;border-bottom:solid windowtext 1.0pt; padding:0cm 5.35pt 0cm 5.35pt"> <p class="Tabletext">1 July 2014</p> </td> </tr> <tr style="page-break-inside:avoid"> <td width="113" valign="top" style="width:3.0cm;border:none;border-bottom:solid windowtext 1.5pt; padding:0cm 5.35pt 0cm 5.35pt"> <p class="Tabletext">3.  Schedules 2 to 9</p> </td> <td width="255" valign="top" style="width:191.4pt;border:none;border-bottom:solid windowtext 1.5pt; padding:0cm 5.35pt 0cm 5.35pt"> <p class="Tabletext">The day this Act receives the Royal Assent.</p> </td> <td width="105" valign="top" style="width:79.1pt;border:none;border-bottom:solid windowtext 1.5pt; padding:0cm 5.35pt 0cm 5.35pt"> <p class="Tabletext"> </p> </td> </tr> </table> <p class="notetext">Note:          This table relates only to the provisions of this Act as originally enacted. It will not be amended to deal with any later amendments of this Act.</p> <p class="subsection">              (2)  Any information in column 3 of the table is not part of this Act. Information may be inserted in this column, or information in it may be edited, in any published version of this Act.</p> </opc-section><opc-section depth="0" ref="8f9fa597f3d547a88850d406b840a2a2" title="3  Schedule(s)"><a name="8f9fa597f3d547a88850d406b840a2a2"/><p class="ActHead5"><a name="_Toc371929916"><span class="CharSectno">3</span>  Schedule(s)</a></p> <p class="subsection">                    Each Act that is specified in a Schedule to this Act is amended or repealed as set out in the applicable items in the Schedule concerned, and any other item in a Schedule to this Act has effect according to its terms.</p> </opc-section><?DMS-Include seriesId="4b15a980-c1fa-4c85-ad13-f88833310c67"?><?DMS-Include seriesId="c7349da0-f6c3-40e7-b5fb-dacc5619087b"?><?DMS-Include seriesId="0adfefe4-ac6f-4c60-b9d4-58ac288e2dc1"?><?DMS-Include seriesId="421c58c7-ce3e-4127-87ae-dcb89acf2a30"?><?DMS-Include seriesId="bc77b241-41a9-4e94-ae81-5a513f3be513"?><?DMS-Include seriesId="4b2b923a-5b4b-4928-a23f-c036f9d2b3d8"?><?DMS-Include seriesId="aa836071-8950-4c44-aa56-3a2556e9cf9f"?><?DMS-Include seriesId="5ffd2482-324c-4e32-9557-bde1aa220f8d"?><?DMS-Include seriesId="0ff47dcd-f12b-467b-b7f3-d482325053b3"?></div> </body> </div></div></body></html>