Bill
Treasury Laws Amendment (Tax Incentives and Integrity) Bill 2025
passed, as at 2025-03-27. Treasury portfolio.
- Sponsor
- Not recorded
- Portfolio
- Treasury
Recorded stages
- introduced — 2024-11-28
- second reading — 2024-11-28
- second reading — 2025-02-04
- other — 2025-02-04
- second reading — 2025-02-06
- other — 2025-02-10
- second reading — 2025-02-10
- committee — 2025-02-10
- third reading — 2025-03-26
- introduced — 2025-03-26
- second reading — 2025-03-26
- second reading — 2025-03-26
- third reading — 2025-03-26
- passed — 2025-03-26
- royal assent — 2025-03-27
Divisions
- The majority voted against an [amendment](https://www.aph.gov.au/Parliamentary_Business/Hansard/Hansard_Display?bid=chamber/hansardr/28685/&sid=0000) introduced by Petrie MP [Luke Howarth](https://theyvoteforyou.org.au/people/representatives/petrie/luke_howarth) (Liberal), which means it failed. ### Motion text > *That the amendment moved by the honourable member for Petrie be agreed to:* > > *That all words after "That" be omitted with a view to substituting the following words:* > >> *"the House notes that:* >> >>> *(1) the former Government consistently delivered lower taxes for small business and families;* >>> >>> *(2) the Coalition's plan for the instant asset write-off will deliver a bigger tax cut for small businesses and boost investment in productive assets;* >>> >>> *(3) there have been more than 27,000 business insolvencies under this Government; and* >>> >>> *(4) Australians cannot afford another three years of this Government".* — 2025-02-10, House of Representatives: negative, ayes 51, noes 81
- The majority voted against [opposition amendments](https://www.aph.gov.au/Parliamentary_Business/Hansard/Hansard_Display?bid=chamber/hansardr/28685/&sid=0000) introduced by Petrie MP [Luke Howarth](https://theyvoteforyou.org.au/people/representatives/petrie/luke_howarth) (Liberal), which means they failed. The amendments would have changed the text on an original [government amendment (2)](https://parlinfo.aph.gov.au/parlInfo/search/display/display.w3p;query=Id:legislation/billhome/display.w3p;query=Id%3A%22legislation%2Famend%2Fr7299_amend_b6f7fa49-4961-4772-960d-9cd367fcd846%22;rec=0). ### Amendment text > *(1) Amendment (2), omit "$20,000 instant", substitute "Instant".* > > *(2) Amendment (2), items 1 to 4, omit the items, substitute:* > >> *1 Section 328-180 (heading)* >> >>> *Omit "to 30 June 2024".* >> >> *2 Subsection 328-180(1) (definition of increased access year )* >> >>> *Repeal the definition, substitute:* >>> >>> *increased access year: an income year is an increased access year if any day in the year occurs on or after 12 May 2015.* >> >> *3 Paragraph 328-180(4)(d)* >> >>> *Omit "$20,000", substitute "$30,000".* >> >> *4 Paragraph 328-180(4)(d)* >> >>> *Omit "and on or before 30 June 2024" (wherever occurring).* >> >> *5 Paragraph 328-180(5)(e)* >> >>> *Repeal the paragraph, substitute:* >>> >>>> *(e) were a reference to $30,000, if the amount is so included at any time on or after 1 July 2023.* >> >> *6 Paragraph 328-180(6)(e)* >> >>> *Repeal the paragraph, substitute:* >>> >>>> *(e) were a reference to $30,000, in relation to a deduction for an income year than ends on or after 1 July 2023.* ### Original amendment (2) text > *(2) Page 6 (after line 25), at the end of the Bill, add:* > > *Schedule 4 — $20,000 instant asset write-off for small business entities* > > *Income Tax (Transitional Provisions) Act 1997* > > *1 Section 328-180 (heading)* > >> *Omit “ 30 June 2024 ”, substitute “ 30 June 2025 ”.* > > *2 Subsection 328-180(1) (paragraph (b) of — 2025-02-10, House of Representatives: negative, ayes 60, noes 75
- The majority voted against [amendments](https://parlinfo.aph.gov.au/parlInfo/search/display/display.w3p;query=Id:legislation/billhome/display.w3p;query=Id%3A%22legislation%2Famend%2Fr7299_amend_416824c0-963c-4c1c-816a-cc6ddf56c8bf%22;rec=0) introduced by Warringah MP [Zali Steggall](https://theyvoteforyou.org.au/people/representatives/warringah/zali_steggall) (Independent). These would have amended the text of the original [government amendment (2)](https://parlinfo.aph.gov.au/parlInfo/search/display/display.w3p;query=Id:legislation/billhome/display.w3p;query=Id%3A%22legislation%2Famend%2Fr7299_amend_b6f7fa49-4961-4772-960d-9cd367fcd846%22;rec=0). ### Amendment text > *(1) Amendment (2), omit “$20,000”, substitute “$50,000”.* > > *(2) Amendment (2), items 1 to 2, omit the items, substitute:* > >> *1 Section 328-180 (heading)* >> >>> *Omit “ to 30 June 2024 ”.* >> >> *2 Subsection 328-180(1) (definition of increased access year )* >> >>> *Repeal the definition, substitute:* >>> >>>> *increased access year : an income year is an increased access year if any day in the year occurs on or after 12 May 2015.* > > *(3) Amendment (2), after item 2, insert:* > >> *2A Paragraph 328-180(4)(d)* >> >>> *Omit “$20,000”, substitute “$50,000”.* > > *(4) Amendment (2), omit item 3, substitute:* > >> *3 Paragraph 328-180(4)(d)* >> >>> *Omit “and on or before 30 June 2024” (wherever occurring).* > > *(5) Amendment (2), after item 3, insert:* > >> *3A Paragraphs 328-180(5)(e) and (6)(e)* >> >>> *Omit “$20,000”, substitute “$50,000”.* > > *(6) Amendment (2), omit item 4, substitute:* > >> *4 Paragraph 328-180(5)(e)* >> >>> *Omit all the words after “if the amount”, substitute “is so included at any time on or after 1 July 2023.”.* > > *5 Paragraph 328-180(6)(e)* > >> *Omit all the words after “for an income year”, substitute “that ends on or after 1 July 2023.”.* ### Original amendment (2) text > *(2) Page 6 (after line 25), at the end of the Bill, add:* > > *Schedule 4 — $20,000 instan — 2025-02-10, House of Representatives: negative, ayes 15, noes 53
- The majority voted against an [amendment](https://www.aph.gov.au/Parliamentary_Business/Hansard/Hansard_Display?bid=chamber/hansardr/28685/&sid=0000) introduced by Petrie MP [Luke Howarth](https://theyvoteforyou.org.au/people/representatives/petrie/luke_howarth) (Liberal), which means it failed. The amendment would have removed [Schedule 2](https://parlinfo.aph.gov.au/parlInfo/search/display/display.w3p;db=LEGISLATION;id=legislation%2Fbills%2Fr7299_first-reps%2F0002;query=Id%3A%22legislation%2Fbills%2Fr7299_first-reps%2F0000%22;rec=0) from the bill. ### Amendment text > *(1) Clause 2, page 2 (table item 2), omit "Schedules 1 and 2", substitute "Schedule 1".* > > *(3) Schedule 2, page 5 (lines 1 to 15), omit the Schedule.* — 2025-02-10, House of Representatives: negative, ayes 60, noes 77
- The majority voted against a motion introduced by Deakin MP [Michael Sukkar](https://theyvoteforyou.org.au/people/representatives/deakin/michael_sukkar) (Liberal), which means it failed. ### Motion text > *That so much of the standing and sessional orders be suspended as would prevent the following from occurring:* > > *(1) government business order of the day No. 5 relating to the [Treasury Laws Amendment (Tax Incentives and Integrity) Bill 2024](https://parlinfo.aph.gov.au/parlInfo/search/display/display.w3p;query=Id%3A%22legislation%2Fbillhome%2Fr7299%22) being called on immediately; and* > > *(2) all questions required to complete passage of the bill being put without delay.* Standing and sessional orders are the usual procedural rules of parliament. — 2025-02-12, House of Representatives: negative, ayes 59, noes 74
Plain-language summary
No machine-written summary in this export.
Sources
em
em supp
em revised
billhome
frl act