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					                    LEGISLATION PROPOSED FOR INTRODUCTION
                          IN THE 2012 AUTUMN SITTINGS

Bills marked * are proposed for introduction and passage in the Autumn sittings

AGRICULTURE, FISHERIES AND FORESTRY

Biosecurity Bill *
Inspector General of Biosecurity Bill *
-   support the implementation of reforms to Australia’s quarantine and biosecurity systems
-   replace the Quarantine Act 1908 and related and subordinate legislation with simplified and
    more modern legislation
-   create appropriate roles, functions and powers to manage biosecurity at the border and
    onshore
-   provide flexible co-regulatory mechanisms
-   establish modern compliance and enforcement tools
-   establish an Inspector General of Biosecurity as an independent statutory agency
-   include transitional provisions and consequential amendments to related legislation

Reason for legislation: to implement the biosecurity reform program and replace existing
legislation


Agricultural and Veterinary Chemicals Legislation Amendment Bill
-  improve the efficiency and effectiveness of the Australian Pesticides and Veterinary
   Medicines Authority’s registration and review of agricultural and veterinary chemicals

Reason for legislation: to update and improve the operation of existing legislation and to
implement an election commitment
Link to announcement: Better Regulation of Agricultural and Veterinary Chemicals website
including media release of 15 November 2011 and exposure draft legislation


Agriculture, Fisheries and Forestry Legislation Amendment Bill
-  address a range of portfolio legislation matters of a minor policy or technical nature, as well
   as repeal redundant portfolio legislation

Reason for legislation: to update and improve the operation of existing legislation


Fisheries Legislation Amendment Bill
-   provide the Australian Fisheries Management Authority with the express power to require
    commercial fishers to use e-monitoring equipment on their vessels
-   make further amendments of a minor policy or technical nature to provide consistency among
    legislative provisions and increase the efficiency and effectiveness of Commonwealth
    fisheries management

Reason for legislation: to update and improve the operation of existing legislation

                     Legislation Proposed for Introduction in the 2012 Autumn Sittings
                                                     1
Wheat Marketing Amendment Bill
- abolish the Wheat Export Accreditation Scheme and the Wheat Export Charge on
  30 September 2012, wind-up Wheat Exports Australia by 31 December 2012 and sunset the
  requirement for grain port terminal operators to have access undertakings in place with the
  Australian Competition and Consumer Commission as a condition of exporting bulk wheat on
  30 September 2014

Reason for legislation: to implement the Government response to the 2010 Productivity Review
of wheat export marketing arrangements which recommended deregulation of the export of bulk
wheat
Link to announcements: Productivity Commission review of wheat export marketing
arrangements; Media release of 23 September 2011; Australian Government response to the
review


ATTORNEY-GENERAL’S

Classification (Publications, Film and Computer Games) Amendment (R 18+ Category for
Computer Games) Bill *
- amend the Classification (Publications, Films and Computer Games) Act 1995 to introduce an
   R 18+ category and make consequential amendments to the Broadcasting Services Act 1992 to
   recognise the introduction of an R 18+ category for computer games

Reason for legislation: to implement the in-principle agreement reached by the Standing
Committee of Attorneys-General to introduce an R 18+ category for computer games into the
National Classification Scheme
Link to announcement: Media release of 10 August 2011


Judicial Misbehaviour and Incapacity (Parliamentary Commissions) Bill *
Courts Legislation Amendment (Judicial Complaints) Bill *
- the Judicial Misbehaviour and Incapacity (Parliamentary Commissions) Bill will provide a
   standard mechanism to assist the Parliament’s consideration of removal of a judge from office
   under paragraph 72(ii) of the Constitution
- the Courts Legislation Amendment (Judicial Complaints) Bill will support the implementation
   of a new federal judicial complaints handling mechanism to assist courts heads of jurisdiction
   to manage complaints about judicial conduct that are referred to them

Reason for legislation: to support greater transparency and accountability in federal judicial
complaints handling
Link to announcement: Media release of 18 March 2011


Military Court of Australia Bill *
Military Court of Australia (Transitional Provisions and Consequential Amendments) Bill *
- create a separate court under Chapter III of the Constitution called the Military Court of
   Australia, with jurisdiction to try “serious service offences” committed both overseas and
   within Australia
- make amendments consequential to the establishment of a new Chapter III military court




                     Legislation Proposed for Introduction in the 2012 Autumn Sittings
                                                     2
Reason for legislation: to provide a framework for the military justice system and to resolve the
future of the military justice system with certainty
Link to announcements: Media release of 24 May 2010; Media release of 24 June 2010


Access to Justice (Family Court Restructure) Bill *
- implement reforms to the structure and governance of the Family Court and Federal
   Magistrates Court to secure better access to justice for litigants and better use of publicly
   funded resources provided to the federal family law courts

Reason for legislation: to restructure the Federal Magistrates Court and Family Court and to
improve the operation of the courts
Link to announcements: Media release of 20 November 2008; Consultation paper of
November 2008; Media release of 5 May 2009; Media release of 24 May 2010; Media release of
24 June 2010


Consolidation of Financial Assistance Schemes Bill *
- consolidate existing financial assistance schemes into one scheme with a focus on
  disbursements-only, with some defined exceptions, and broaden the scope to allow greater
  access to justice than under existing schemes and greater support for pro bono work

Reason for legislation: to implement a 2011 Budget measure
Link to announcement: Attorney-General’s website – Financial Assistance


Crimes Legislation Amendment (2012 Measures No. 1) Bill
- expand the reach of the Commonwealth’s identity crime offences and enhance agencies’
   ability to search and seize evidence

Reason for legislation: to enhance the operation of a range of criminal justice legislation and
introduce new offences


Crimes Legislation Amendment (Slavery, Slavery-like Conditions and People
Trafficking) Bill
- strengthen slavery and people trafficking offences and criminalise forced marriage

Reason for legislation: to strengthen the legislative framework criminalising people trafficking,
slavery and slavery-like practices, including new offences for forced marriage
Link to announcement: Media release of 23 November 2011


Customs Amendment (Anti-Dumping Improvements) Bill (No. 3)
Customs Tariff (Anti-Dumping) Amendment Bill (No. 1)
- amend the Customs Act 1901 and the Customs Tariff (Anti-dumping) Act 1975 to implement
   the third tranche of measures to improve Australia’s anti-dumping system, as announced by
   the Government in June 2011

Reason for legislation: to improve Australia’s anti-dumping system




                      Legislation Proposed for Introduction in the 2012 Autumn Sittings
                                                      3
Customs Amendment (Omnibus) Bill
- amend the Customs Act 1901 to enhance administration of border controls

Reason for legislation: to enhance the administration of border controls


Customs Tariff Amendment (Schedule 4) Bill
- amend Schedule 4 of the Customs Tariff Act 1995 to simplify the current system of import
   concessions

Reason for legislation: to simplify the current system of import concessions
Link to announcement: Media release of 15 July 2011


Family Law Amendment Bill
- encourage resolution of disputes outside courts and tribunals by enhancing alternative dispute
  resolution options for parties to family law proceedings
- improve Australia’s response to international parental child abduction

Reason for legislation: to enhance family dispute resolution
Link to announcements: Media release of 17 May 2010; Media release of 19 September 2011


International Arbitration Amendment Bill
- amend the International Arbitration Act 1974 to complement reforms included in the
    International Arbitration Amendment Act 2010

Reason for legislation: to implement an election commitment to contribute to Australia’s
reputation as an international commercial arbitration hub by improving the national framework of
international commercial arbitration


Privacy Bill
- implement aspects of the Government’s response to the Australian Law Reform
   Commission’s 2008 report For Your Information: Australian Privacy Law and Practice

Reason for legislation: implement aspects of the Government’s response to the ALRC report For
Your Information: Australian Privacy Law and Practice


BROADBAND, COMMUNICATIONS AND THE DIGITAL ECONOMY

Broadcasting Services Amendment (Anti-siphoning) Bill *
- amend the current provisions in the Broadcasting Services Act 1992 relating to the
   anti-siphoning scheme in order to modify the operation of the scheme

Reason for legislation: to implement the Government’s announced reforms to the anti-siphoning
scheme
Link to announcement: Media release of 25 November 2010




                     Legislation Proposed for Introduction in the 2012 Autumn Sittings
                                                     4
Broadcasting Services Amendment (Improved Access to Television Services) Bill *
- amend television captioning requirements in the Broadcasting Services Act 1992 and enhance
   access to the Viewer Access Satellite Television services for digital television, and other
   measures

Reason for legislation: to update and improve the operation of existing legislation
Link to announcement: Media release of 3 December 2010


Telecommunications (Submarine Cable Protection and Miscellaneous Amendments) Bill
- amend the Telecommunications Act 1997 to ensure consistency between the operation of
   Schedule 3A of the Act, which deals with the protection of submarine cables, and the
   United Nations Convention of the Law of the Sea and address other issues arising from the
   2010 review of Schedule 3A by the Australian Communications and Media Authority
- make minor amendments to the Telecommunications Act 1997 and the Radiocommunications
   Act 1992

Reason for legislation: to address the issues arising from the 2010 review of Schedule 3A by the
Australian Communications and Media Authority


CLIMATE CHANGE AND ENERGY EFFICIENCY

Greenhouse and Energy Minimum Standards Bill
-  establish a nationally consistent legislative framework for regulating product energy
   efficiency standards and labelling requirements, with the scope to cover a wider range of
   equipment and appliance types

Reason for legislation: to implement a 2009 commitment by the Council of Australian
Governments to expand the successful Equipment Energy Efficiency Program to a wider range of
products and move the program to a national footing to ensure greater consistency in regulations
and administration for Australian businesses
Link to announcement: DCCEE website – Industry consultation on the draft GEMS Bill


EDUCATION, EMPLOYMENT AND WORKPLACE RELATIONS

Social Security Legislation Amendment (Income Support and Other Measures) Bill *
- increase incentives for young job seekers to undertake study and/or paid work. The measures
   relate to: youth allowance and job seeker compliance; parenting payment; age requirements
   for youth disability supplement and long term income support student
- provide the appropriation to fund the 12 months extension of the Student Education Trusts
   measure under the Indigenous Education (Targeted Assistance) Act 2000 that is part of the
   Cape York Welfare Reform Trials

Reason for legislation: to implement a 2011 Budget decision
Link to announcement: Media release of 10 May 2011




                     Legislation Proposed for Introduction in the 2012 Autumn Sittings
                                                     5
Fair Entitlements Guarantee Bill
- establish the Fair Entitlements Guarantee to replace the existing administrative General
   Employee Entitlements and Redundancy Scheme

Reason for legislation: to implement an election commitment
Link to announcements: ALP website - Protecting workers' entitlements package; ALP website -
Protecting workers' entitlements package fact sheet


FAMILIES, HOUSING, COMMUNITY SERVICES AND INDIGENOUS AFFAIRS

Social Security and Other Legislation Amendment Bill *
- amend the disability support pension provisions from 1 July 2012 to introduce compulsory
   participation interviews for certain recipients, allow certain recipients to work up to 30 hours a
   week in open employment without affecting their qualification, and allow recipients in
   specified circumstances to take their base rate of disability support pension overseas
   indefinitely

Reason for legislation: to implement three 2011 Budget measures and improve the operation of
existing legislation
Link to announcements: FaHCSIA website - Supporting Australians with disability into work;
Media release of 10 May 2011


Paid Parental Leave and Other Legislation Amendment Bill
- incorporate into the Paid Parental Leave scheme a new payment (dad and partner pay) to
   provide eligible fathers or partners, caring for children born or adopted from 1 January 2013,
   with two weeks’ pay at the rate of the national minimum wage

Reason for legislation: to implement the Government’s commitment on dad and partner pay
Link to announcement: FaHCSIA website - Paid Parental Leave scheme


FINANCE AND DEREGULATION

Appropriation Bill (No. 3) *
Appropriation Bill (No. 4) *
Appropriation (Parliamentary Departments) Bill (No. 2) *
-  provide for additional expenditure on: the ordinary annual services of government; capital
   works and services, payments to or for the States, the Australian Capital Territory, the
   Northern Territory and local government authorities; and new administered outcomes not
   authorised by specific legislation; and the services of the Parliamentary Departments

Reason for legislation: to provide legislative authority for additional expenses approved since the
2011-12 Budget, to be incurred in respect of 2011-2012




                      Legislation Proposed for Introduction in the 2012 Autumn Sittings
                                                      6
Financial Framework Legislation Amendment Bill (No. 1)
-  simplify the financial management framework and streamline internal Australian Government
   administration
-  update, clarify and align other financial management, governance and reporting provisions
-  simplify administration of GST internal to government

Reason for legislation: to implement changes that will promote continuous improvement and help
to keep the financial framework current


Future Fund Legislation Amendment Bill
-  give effect to governance changes to the Future Fund, including removing the Future Fund
   Management Agency from coverage under the Public Service Act 1999; and providing an
   exclusion under Schedule 2 of the Freedom of Information Act 1982 for Future Fund Board of
   Guardians’ investment documents

Reason for legislation: to streamline administration of the Future Fund Management Agency
Link to announcement: Minister's speech of 25 November 2009


Judicial Officers and Governors-General Legislation Amendment (Family Law) Bill
-  make changes to the judicial and Governor-General pension arrangements to provide for
   separate interest arrangements in the event of marital breakdown

Reason for legislation: to give greater consistency with family law and with the arrangements in
the other Commonwealth defined benefit schemes


HEALTH AND AGEING

National Health Reform Amendment (Administrator of the National Health Funding Pool)
Bill *
- implement the national health funding arrangements under the National Health Reform
    Agreement agreed by COAG on 2 August 2011
- establish the statutory office of the Administrator of the National Health Funding Pool and
    establish the National Health Funding Body, the sole function of which is to assist the
    Administrator in carrying out his or her functions

Reason for legislation: to give effect to the National Health Funding Arrangements under the
National Health Reform Agreement agreed by COAG on 2 August 2011
Link to announcement: Media release of 2 August 2011




                     Legislation Proposed for Introduction in the 2012 Autumn Sittings
                                                     7
INDUSTRY, INNOVATION, SCIENCE, RESEARCH AND TERTIARY EDUCATION

Skills Australia Amendment (National Workforce and Productivity Agency) Bill *
- amend the Skills Australia Act 2008 to establish the National Workforce Productivity Agency
   by 1 July 2012, consistent with the Government’s 2011 Budget commitment as part of the
   Building Australia’s Future Workforce

Reason for legislation: to implement a 2011 Budget decision
Link to announcement: 2011 Budget document - A new partnership with industry


Intellectual Property Laws Amendment (TRIPS Protocol Implementation) Bill
-   implement the Protocol under the Agreement on Trade-Related Aspects of Intellectual
    Property (TRIPS Protocol) to enable granting of compulsory licenses to allow manufacture of
    patented pharmaceuticals for export to developing countries in cases of public health crisis

Reason for legislation: to implement an international treaty
Link to announcement: Media release of 22 March 2011


National Vocational Education and Training Regulator Charges Bill
- allow for the imposition of certain charges to be prescribed by regulations. These charges will
   primarily relate to additional compliance activities such as audits and complaints investigation
   which are initiated by the regulator

Reason for legislation: to enable the national regulator for vocational education and training to
recover all relevant costs to meet its financial objectives


INFRASTRUCTURE AND TRANSPORT

Aviation Transport Security Amendment (Screening) Bill *
- strengthen Australia’s aviation security by introducing a range of optimal screening
   technologies, including body scanners, at international passenger screening points
- allow screening officers to assume implied consent for certain screening procedures when a
   person approaches the screening point for the purposes of receiving clearance to pass through
   the screening point

Reason for legislation: to strengthen Australia’s aviation security
Link to announcement: Media release of 9 February 2010




                     Legislation Proposed for Introduction in the 2012 Autumn Sittings
                                                     8
Coastal Trading Bill *
Taxation (Shipping Reform) Bill *
Australian International Shipping Register Bill *
Shipping Reforms (Consequential Amendments) Bill *
- implement an integrated set of reforms to revitalise the Australian shipping industry by:
   o strengthening the licensing regime and providing taxation incentives to Australian-
      registered vessels
   o establishing an Australian International Shipping Register to facilitate Australian shipping
      operations in international trades
   o addressing the maritime skills shortage by introducing seafarer training requirements

Reason for legislation: to implement an election commitment to revitalise Australia’s shipping
industry through a comprehensive and integrated reform package that will encourage investment
in Australian shipping, foster skills growth, and deliver a reliable yet flexible licensing regime
Link to announcements: Minister's speech of 5 June 2009 at NATSHIP 2009; Media release of
1 December 2010; Discussion paper - Reforming Australia's Shipping; ALP website – Stronger
shipping for a stronger economy; Opinion piece of 8 December 2010 – Reforms to the Australian
Shipping Industry; Minister’s speech of 9 September 2011 to the Maritime Industry, Sydney


Maritime Safety (Domestic Commercial Vessel) National Law Bill *
- implement COAG’s decision to make the Australian Maritime Safety Authority the national
  regulator for maritime safety

Reason for legislation: to implement a COAG decision to improve safety, reduce costs and the
regulatory burden for Australian transport companies as well as reduce costs of exports and trade
Link to announcement: COAG Communiqué of 19 August 2011


Civil Aviation (Carriers’ Liability and Insurance) Bill
- raise the liability cap for domestic passenger death and injury and increase associated
   insurance requirements
- address a range of other technical issues surrounding the way damages are awarded in the
   context of air accidents

Reason for legislation: to update and enhance carriers’ liability and insurance framework
Link to announcement: DIT website - Aviation White Paper


Maritime Safety and Administration Bill
- rewrite the existing Navigation Act 1912 to provide a contemporary framework for maritime
  safety legislation with effective compliance mechanisms

Reason for legislation: to update and improve the operation of existing legislation


Transport Safety Investigation Amendment Bill
- address matters arising out of the reforms agreed through COAG to make the Australian
   Transport Safety Bureau the national rail safety investigator

Reason for legislation: to implement a COAG decision
Link to announcement: Intergovernmental Agreement on Rail Safety Regulation and
Investigation Reform

                     Legislation Proposed for Introduction in the 2012 Autumn Sittings
                                                     9
PRIME MINISTER AND CABINET

Public Interest Disclosure Bill *
Public Interest Disclosure (Consequential Amendments) Bill *
-  implement the Government’s response to the House of Representatives Standing Committee
   on Legal and Constitutional Affairs 2009 Report Whistleblowing Protection: a comprehensive
   scheme for the Commonwealth public sector

Reason for legislation: to establish a new framework for the reporting and investigation of
alleged wrongdoing in the Commonwealth public sector, including robust protections for those
who report wrongdoing under the scheme
Link to announcements: Ministerial statement of 17 March 2010; Media release of 17 March
2010; Government response to the Whistleblower Report


Remuneration and Other Legislation Amendment Bill *
-  prevent windfall gains in the pensions of retired parliamentarians who served as Ministers of
   State or Parliamentary Office Holders, in the event that the Remuneration Tribunal determines
   increases to current parliamentarians’ remuneration

Reason for legislation: to implement the recommendation of the Remuneration Tribunal in its
Statement of 15 December 2011
Link to announcements: Remuneration Tribunal’s Statement of 15 December 2011; Media
release of 15 December 2011


Public Service Amendment Bill
-  implement legislative changes recommended in Ahead of the Game: Blueprint for the Reform
   of Australian Government Administration
-  revise the statutory functions of the Public Service Commissioner and clarify the operation of
   a range of matters relating to the performance of the Public Service Commissioner’s functions
-  improve the operation of the Public Service Act 1999

Reason for legislation: to implement elements of the Blueprint for Reform and to update and
improve the operation of the existing legislation


RESOURCES, ENERGY AND TOURISM

Offshore Minerals and Other Legislation Amendment (National Regulator) Bill
-   amend the Offshore Minerals Act 1994 to add minerals titles administration and regulation to
    the functions of the new National Offshore Petroleum Titles Administrator and National
    Offshore Petroleum Safety and Environmental Management Authority

Reason for legislation: to give effect to the Government’s response to the Productivity
Commission Review of Regulatory Burden on the Upstream Petroleum (Oil and Gas) Sector
Link to announcements: Media release of 5 August 2009; Media release of 25 May 2011




                     Legislation Proposed for Introduction in the 2012 Autumn Sittings
                                                    10
SUSTAINABILITY, ENVIRONMENT, WATER, POPULATION AND COMMUNITIES

Environment Protection and Biodiversity Conservation Amendment Bill
-  implement the Government Response to the Independent Review of the Environment
   Protection and Biodiversity Conservation Act 1999 (EPBC Act)
-  improve the efficiency and effectiveness of processes under the EPBC Act, including
   facilitating landscape-scale approaches, streamlining individual project assessments and
   facilitating greater accreditation of state processes

Reason for legislation: to implement the Government response to the Independent Review of the
EPBC Act
Link to announcement: SEWPaC website - Reform of the EPBC Act


Water Efficiency Labelling and Standards Amendment Bill
- amend the Water Efficiency Labelling and Standards Act 2005 to implement the joint
  response of the Australian Government, States and Territories to the recommendations of the
  2010 Independent Review of the Water Efficiency Labelling Standards Scheme

Reason for legislation: to update and improve the operation of existing legislation
Link to announcement: SEWPaC website - Independent review of the Water Efficiency Labelling
and Standards scheme


TREASURY

Australian Charities and Not-for-profits Commission Bill *
Australian Charities and Not-for-profits Commission (Consequential and Transitional) Bill*
-  establish the Australian Charities and Not-for-profits Commission and make consequential
   amendments relating to the establishment of the Australian Charities and Not-for-profits
   Commission

Reason for legislation: to implement a 2011 Budget decision
Link to announcement: Media release of 10 May 2011


Corporations Amendment (Phoenixing and Other Measures) Bill *
-  implement election commitments relating to ‘phoenixing’ activity by introducing an
   administrative process for compulsory external administration to facilitate payment of
   employee entitlements and enable the prescription of alternative methods of publication of
   insolvency notices

Reason for legislation: to implement the Government’s corporate law election commitments from
the Protecting Workers’ Entitlements package
Link to announcement: ALP website – Protecting Workers’ Entitlements package




                     Legislation Proposed for Introduction in the 2012 Autumn Sittings
                                                    11
Superannuation Legislation Amendment (Stronger Super and Other Measures) Bill *
-  require payslip reporting of superannuation payment

Reason for legislation: to implement a 2011 Budget decision
Link to announcement: 2011-12 Budget Paper No. 2, page 44

-   refund excess concessional superannuation contributions

Reason for legislation: to implement a 2011 Budget decision
Link to announcement: Media release of 10 May 2011

-   mandate the use of data and e-commerce standards for processing of rollovers and accepting
    of contributions
-   mandate annual consolidation of multiple accounts within superannuation

Reason for legislation: to place new requirements on Trustees
Link to announcement: Media release of 21 September 2011

-   broaden the types of accounts that are displayed on the Australian Taxation Office’s (ATO)
    online search facility

Reason for legislation: to broaden the scope of the existing legislation
Link to announcement: Media release of 21 September 2011


Superannuation Legislation Amendment (Trustee Obligations and Prudential
Standards) Bill *
-  implement the second tranche of legislation following the introduction of the Superannuation
   (MySuper Core Provisions) Legislation Amendment Bill 2011 and implement the remaining
   features of MySuper and trustee governance and integrity measures

Reason for legislation: to implement the Government’s election commitment to the Stronger
Super reforms
Link to announcement: Stronger Super – Government response to the Super System Review


Tax Laws Amendment (2012 GST Measures No. 1) Bill *
-  amend GST treatment of certain supplies by health insurers

Reason for legislation: to implement a 2011 Budget decision
Link to announcement: 2011-12 Budget Paper No. 2, page 26


Tax Laws Amendment (2012 Measures No. 1) Bill *
-  prevent deductions against all government assistance payments for individuals from
   1 July 2011

Reason for legislation: to implement a 2011 Budget decision
Link to announcements: Media release of 17 December 2010; 2011-12 Budget Paper No. 2,
page 39



                     Legislation Proposed for Introduction in the 2012 Autumn Sittings
                                                    12
-   insert new provisions in the tax law which will prevent the Commissioner of Taxation from
    raising assessments on certain investment income of foreign funds and to exempt certain
    investment income attributable to a permanent establishment

Reason for legislation: to update and improve the operation of the existing legislation
Link to announcement: Media release of 17 December 2010

-   amend the consolidation tax cost setting rules

Reason for legislation: to update and improve the operation of the existing legislation
Link to announcement: Media release of 25 November 2011

-   adopt self assessment for indirect taxes

Reason for legislation: to implement a 2009 Budget decision
Link to announcement: Media release of 12 May 2009


Commonwealth Government Securities (Retail Trading) Bill
-  reform the current legislative arrangements to facilitate the trading of Commonwealth
   Government Securities on a retail financial market

Reason for legislation: to implement a 2011-12 Budget measure
Link to announcement: Media release of 12 December 2010


Corporations Legislation Amendment (Audit Enhancement) Bill
-  enhance audit quality in Australia by bringing Australia into line with international best
   practice standards in relation to auditor rotation, the preparation of audit firm transparency
   reports and the public release by the Australian Securities and Investments Commission
   (ASIC) of audit deficiency reports
-  remove duplication between the Financial Reporting Council’s auditor independence function
   and ASIC’s ongoing audit inspection program
-  give ASIC the ability to communicate directly with companies, directors and audit
   committees on issues identified by ASIC during the exercise of its audit functions

Reason for legislation: to update and improve the operation of existing legislation
Link to announcement: Media release of 30 September 2011


Tax Laws Amendment (2012 GST Measures No. 2) Bill
-  amend GST treatment of property in possession of a mortgagee

Reason for legislation: to implement a 2011 Budget decision
Link to announcement: 2011-12 Budget Paper No. 2, page 25




                     Legislation Proposed for Introduction in the 2012 Autumn Sittings
                                                    13
Tax Laws Amendment (2012 Measures No. 2) Bill
-  limit the trading stock exception for superannuation funds

Reason for legislation: to implement a 2011 Budget decision
Link to announcement: 2011-12 Budget Paper No. 2, page 17

-   refine the company loss recoupment rules to recognise multiple classes of shares and make
    other technical amendments

Reason for legislation: to update and improve the operation of existing legislation
Link to announcement: Media release of 13 May 2008

-   amend taxation of financial arrangements provisions

Reason for legislation: to update and improve the operation of existing legislation
Link to announcement: Media release of 29 June 2010

-   include geothermal exploration as deductible expenditure

Reason for legislation: to implement a 2011 Budget decision
Link to announcement: Media release of 24 March 2011

-   ensure the integrity rules in the scrip for scrip roll over and the small business concessions
    apply appropriately to trusts, superannuation funds and life insurance companies

Reason for legislation: to implement a 2011 Budget decision
Link to announcement: Budget Paper No. 2, page 15

-   amend tax treatment of payments made under the Sustainable Water Use Program

Reason for legislation: to update and improve the operation of existing legislation
Link to announcement: Media release of 18 February 2011




                      Legislation Proposed for Introduction in the 2012 Autumn Sittings
                                                     14

				
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