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David Bradbury

Assistant Treasurer, Minister Assisting for Financial Services & Superannuation and Minister for Competition Policy & Consumer Affairs

5 March 2012 - 18 September 2013

Media Release of 06/06/2013

NO.105

Tax measures pass the House of Representatives

A series of important tax measures have today passed the House of Representatives, said Assistant Treasurer David Bradbury.

Measures in the Tax Laws Amendment (2013 Measures no. 2) Bill 2013 include:

  • new requirements for all large entities in the Pay As You Go (PAYG) instalment system to make their instalments monthly, instead of quarterly;
  • tax incentives for nationally significant infrastructure projects;
  • exemption from income tax payments made to individuals under the Defence Abuse Reparation Scheme;
  • removal of the 50 per cent CGT discount for foreign resident and temporary resident individuals on taxable Australian property, such as real estate and mining assets;
  • the specific listing of six new organisations as DGRs: United Way Australia, Australian Neighbourhood Houses & Centres Association (ANHCA), the Australia Foundation in support of Human Rights Watch Limited, Layne Beachley – Aim for the Stars Foundation Limited, Aurora Education Foundation Limited, Social Traders Ltd and the indefinite extension of the specific listing as DGRs for two organisations: Roberta Sykes Indigenous Education Foundation and Charlie Perkins Scholarship Trust.

These measures will now be debated in the Senate in coming weeks.

6 June 2013