This taxation omnibus bill introduces amendments to the Income Tax Act 2007, the Tax Administration Act 1994, and the Student Loan Scheme Act 2011. The three main policy proposals in the bill are: changes to business taxation to make tax simpler; implementing the G20/OECD standard for Automatic Exchange of Financial Account Information in Tax Matters; and changes to implement the disclosure requirements for foreign trusts recommended by the Government Inquiry into Foreign Trust Disclosure Rules.
Royal Assent given 21 February 2017.
Enacted as the Taxation (Business Tax, Exchange of Information, and Remedial Matters) Act 2017 (2017/3)
Government bill
Passed by a majority of 96 votes (108 ayes, 12 noes, 0 abstentions)
| Bill type | Government bill |
|---|---|
| Parliament | 51 |
| Ref | 149-3 |
| Introduced | 8 August 2016 |
| First reading | 11 August 2016 |
| Select Committee | Finance and Expenditure Committee |
| Public submissions due | 9 September 2016 |
| Select Committee report back | 28 November 2016 |
| Second reading | 7 February 2017 |
| Committee of the whole House | 8 February 2017 |
| Third reading | 14 February 2017 |
| Royal Assent | 21 February 2017 |
| Enacted as | Taxation (Business Tax, Exchange of Information, and Remedial Matters) Act 2017 (2017/3) |
| Divided | No |
Information about this bill was last retrieved from the Parliament website on Tuesday, 01 September 2020 at 18:24 (Office of the Clerk). Licenced by the Clerk of the House of Representatives for re-use under the Creative Commons Attribution 4.0 International licence. The full licence is available here.
Records of votes are part of Parliamentary debates (Hansard) and are not covered by copyright.
This information has been scraped from the Parliament website, and its accuracy depends on the Parliament site being consistently formatted. Sometimes things change, which might result in information being interpreted incorrectly or not at all. If that's the case, you can submit a correction request.
You can view a JSON representation of this page by adding the query string json=1 to the URL.
Image of Judith Collins: Cropped and resized; Licenced (but not endorsed) under the Creative Commons Attrbution-Share Alike 3.0 Unported (CC BY-SA 3.0) licence by Wikimedia user "Jc_press_sec"