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representatives vote 2024-10-09#4
Edited by
mackay staff
on
2024-11-02 14:59:02
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Title
Description
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- The majority voted in favour of a [motion](https://www.openaustralia.org.au/debate/?id=2024-10-09.131.1) "*that the bill be agreed to.*" This means they can now vote on whether to pass the bill.
- ### What does the bill do?
- According to the [bills digest](https://www.aph.gov.au/Parliamentary_Business/Bills_Legislation/bd/bd2324a/24bd49):
> *The [Treasury Laws Amendment (Better Targeted Superannuation Concessions and Other Measures Bill 2023](https://parlinfo.aph.gov.au/parlInfo/search/display/display.w3p;query=Id:legislation/billhome/r7133) (the Bill) is an omnibus Bill which contains a range of measures relevant to the Treasury portfolio.*- > *Schedules 1-3 of the [Treasury Laws Amendment (Better Targeted Superannuation Concessions and Other Measures Bill 2023](https://parlinfo.aph.gov.au/parlInfo/search/display/display.w3p;query=Id:legislation/billhome/r7133) amend a number of Commonwealth statutes to reduce the tax concessions available to individuals with a total superannuation balance of more than $3 million. The Superannuation (Better Targeted Superannuation Concessions) Imposition Bill 2023 implements that measure.
- Schedule 6 makes minor and technical amendments to the A New Tax System (Goods and Services Tax Act) 1999 (GST Act), the Fuel Tax Act 2006 and the Income Tax Assessment Act 1997.*
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> *The primary purpose of the Bill is to reduce the tax concessions available to individuals with total superannuation balances (TSBs) exceeding $3 million. The purpose of the Superannuation (Better Targeted Superannuation Concessions) Imposition Bill 2023 (the Imposition Bill) is to implement that measure.*- > *Schedule 8 expands the regulatory coverage of the Payment Systems (Regulation) Act 1998 by inserting new definitions of payment system and participant so that entities providing buy-now pay-later products, digital wallet passthrough services (such as ApplePay and Google Wallet), cash distribution services, and services that facilitate payment in crypto assets are able to be regulated.*
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representatives vote 2024-10-09#4
Edited by
mackay staff
on
2024-11-02 14:55:17
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Title
Bills — Treasury Laws Amendment (Better Targeted Superannuation Concessions and Other Measures) Bill 2023; Consideration in Detail- Treasury Laws Amendment (Better Targeted Superannuation Concessions and Other Measures) Bill 2023 - Consideration in Detail - Agree with the bill
Description
<p class="speaker">Milton Dick</p><p>The question before the House is that the bill be agreed to.</p>-
- The majority voted in favour of a [motion](https://www.openaustralia.org.au/debate/?id=2024-10-09.131.1) "*that the bill be agreed to.*" This means they can now vote on whether to pass the bill.
- ### What does the bill do?
- According to the [bills digest](https://www.aph.gov.au/Parliamentary_Business/Bills_Legislation/bd/bd2324a/24bd49):
- > *The [Treasury Laws Amendment (Better Targeted Superannuation Concessions and Other Measures Bill 2023](https://parlinfo.aph.gov.au/parlInfo/search/display/display.w3p;query=Id:legislation/billhome/r7133) (the Bill) is an omnibus Bill which contains a range of measures relevant to the Treasury portfolio.*
- >
- > *The primary purpose of the Bill is to reduce the tax concessions available to individuals with total superannuation balances (TSBs) exceeding $3 million. The purpose of the Superannuation (Better Targeted Superannuation Concessions) Imposition Bill 2023 (the Imposition Bill) is to implement that measure.*
<p></p><p></p> -
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