The following Bills are proposed for introduction into Parliament during the Autumn Sittings, which commences today:

  • Tax and Superannuation Laws Amendment (2015 Autumn No. 1) Bill to cease the first home saver accounts scheme
  • Tax and Superannuation Laws Amendment (2015 Autumn No. 2) Bill to:
    • increase the threshold for the transfer of lost super member accounts to the ATO
    • codify the income tax treatment of farm-in farm-out mining arrangements and provide tax relief for interest realignments within certain mining projects, and
    • confirm the income tax treatment of instalment warrant arrangements
  • Excise Tariff Amendment (Ethanol and Biodiesel) Bill, Customs Tariff Amendment (Ethanol and Biodiesel) Bill and Energy Grants (Cleaner Fuels) Amendment Bill to:
    • remove the grants for biodiesel and renewable diesel, and
    • remove and then increase the rate of excise for ethanol, biodiesel and renewable diesel.