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16 May 11 2011 Measures No 2 Bill passed by House

On 12 May 2011, Tax Laws Amendment (2011 Measures No 2) Bill 2011 was passed by the House of Representatives without amendment.

The Bill amends:

  • ITAA 1997 in relation to the list of deductible gift recipients;
  • the Superannuation Industry (Supervision) Act 1993 in relation to self managed superannuation fund investment in collectables and personal use assets;
  • the Retirement Savings Accounts Act 1997 and Superannuation Industry (Supervision) Act 1993 to allow superannuation fund trustees and retirement savings account providers to use tax file numbers in certain circumstances;
  • the A New Tax System (Goods and Services Tax) Act 1999 and A New Tax System (Luxury Car Tax) Act 1999 to allow entities to self assess the goods and services tax treatment of a payment of an Australian tax, fee or charge; and
  • 16 Acts to make technical amendments.

The Bill now proceeds to the Senate.

 


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