The Tax and Superannuation Laws Amendment (2014 Measures No 7) Bill 2014 and Excess Exploration Credit Tax Bill 2014 have now both passed all stages without amendment and await Royal Assent.
The Measures No 7 Bill contains amendments re:
- Inspector-General of Taxation to hear tax complaints;
- CGT exemption for compensation and insurance;
- Super excess non-concessional contributions – option to withdraw;
- Super fund mergers; Proceeds of crime order – tax info disclosure;
- Exploration development incentive (supported by the Excess Exploration Credit Tax Bill);
- Miscellaneous amendments.
[LTN 42, 4/3/15] [IT 4/3/15]
Royal Assent
Royal Assent was given, on 19 March 2015 to the Tax and Superannuation Laws Amendment (2014 Measures No 7) Bill 2014 (becoming the Tax and Superannuation Laws Amendment (2014 Measures No 7) Act 2015, Act No 21 of 2015) and likewise to the Excess Exploration Credit Tax Bill 2014 (becoming the Excess Exploration Credit Tax Act 2015, Act No 17 of 2015)
[LTN 55, 23/3/15] [IT 3/3/15]