Both Houses of Parliament are sitting next week. The legislative programmes for the House of Representatives and the Senate have been released. The following Bills are proposed for debate in the Senate next week:
- Tax and Superannuation Laws Amendment (2014 Measures No. 5) Bill 2014 which proposes to abolish the mature age worker tax offset, abolish the seafarer tax offset, reduce the R&D tax incentive offset and to update the deductible gift recipients list
- Tax and Superannuation Laws Amendment (2014 Measures No 7) Bill 2014 and Excess Exploration Credit Tax Bill 2014 which include, among other things, the proposed exploration development incentive and measures to provide fairer taxation of excess non-concessional contributions.