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This is a Bill, not an Act. For current law, see the Acts databases.
2016-2017
The Parliament of the
Commonwealth of Australia
HOUSE OF REPRESENTATIVES
Presented and read a first time
Treasury Laws Amendment (Foreign
Resident Capital Gains Withholding
Payments) Bill 2017
No. , 2017
(Treasury)
A Bill for an Act to amend the law relating to
taxation, and for related purposes
No. , 2017
Treasury Laws Amendment (Foreign Resident Capital Gains
Withholding Payments) Bill 2017
i
Contents
1
Short title ........................................................................................... 1
2
Commencement ................................................................................. 1
3
Schedules ........................................................................................... 2
Schedule 1--Amendments
3
Taxation Administration Act 1953
3
No. , 2017
Treasury Laws Amendment (Foreign Resident Capital Gains
Withholding Payments) Bill 2017
1
A Bill for an Act to amend the law relating to
1
taxation, and for related purposes
2
The Parliament of Australia enacts:
3
1 Short title
4
This Act is the Treasury Laws Amendment (Foreign Resident
5
Capital Gains Withholding Payments) Act 2017.
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2 Commencement
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(1) Each provision of this Act specified in column 1 of the table
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commences, or is taken to have commenced, in accordance with
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column 2 of the table. Any other statement in column 2 has effect
10
according to its terms.
11
12
2
Treasury Laws Amendment (Foreign Resident Capital Gains
Withholding Payments) Bill 2017
No. , 2017
Commencement information
Column 1
Column 2
Column 3
Provisions
Commencement
Date/Details
1. The whole of
this Act
The first 1 January, 1 April, 1 July or
1 October to occur after the day this Act
receives the Royal Assent.
Note:
This table relates only to the provisions of this Act as originally
1
enacted. It will not be amended to deal with any later amendments of
2
this Act.
3
(2) Any information in column 3 of the table is not part of this Act.
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Information may be inserted in this column, or information in it
5
may be edited, in any published version of this Act.
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3 Schedules
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Legislation that is specified in a Schedule to this Act is amended or
8
repealed as set out in the applicable items in the Schedule
9
concerned, and any other item in a Schedule to this Act has effect
10
according to its terms.
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Amendments Schedule 1
No. , 2017
Treasury Laws Amendment (Foreign Resident Capital Gains
Withholding Payments) Bill 2017
3
Schedule 1--Amendments
1
2
Taxation Administration Act 1953
3
1 Paragraph 14-200(3)(a) in Schedule 1
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Omit "10%", substitute "12.5%".
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2 Paragraph 14-205(4)(a) in Schedule 1
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Omit "10%", substitute "12.5%".
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3 Paragraph 14-215(1)(a) in Schedule 1
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Omit "$2 million", substitute "$750,000".
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4 Application
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The amendments made by this Schedule apply in relation to acquisitions
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occurring on or after 1 July 2017.
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