This bill became law on Dec 10th, 2024.
Budget, tax & economy
Australia now charges extra tax to large multinational groups when their profits are taxed below 15 per cent, including a domestic top-up taxThe extra tax added when a group’s effective tax rate falls below the 15 per cent floor. for low-taxed Australian profits.
Large multinational groups could keep profits taxed below 15 per cent in Australia or overseas, leaving a gap in Australia’s tax rules. This bill creates top-up taxes, filing rules and payment rules so Australia can collect the minimum tax from those groups.
After Australia joined the October 2021 OECDThe international policy body that helped design the global minimum-tax rules Australia is adopting./G20A group of major economies that worked with the OECD on the two-pillar tax deal. agreement on a 15 per cent global minimum tax and committed in the 2023-24 Budget to implement Pillar TwoThe OECD-led part of the global tax deal that sets a minimum tax for large multinationals., a gap remained because large multinational groups could still book profits in Australia or offshore at tax rates below that floor. This bill responded by creating Australian domestic and parent top-up taxes from 1 January 2024 and an undertaxed profits backstop from 1 January 2025, with Parliament passing it in late 2024 and Royal AssentThe formal step that makes the bill law after Parliament has passed it. completing the change.
The main criticism was not that the bill should be stopped, but that it was only a partial fix that would not solve wider concerns about multinational tax avoidance or the broader tax burden on business and households. That reservation was limited: no party represented in the debate opposed the bill, with the Greens pressing for stronger action and the Coalition backing it while linking support to amendments and wider tax criticisms.
Andrew Leigh MP introduced this bill. It passed on the voices.
Did it become law?
Yes
Became law 10 Dec 2024
Final passage
Passed without a counted vote
1 recorded amendment or procedural vote was found, but no counted vote on the bill itself was recorded.
Passage speed
159 days
From introduction to the latest recorded parliamentary step
Meaning
Australia now charges extra tax to large multinational groups when their profits are taxed below 15 per cent, including a domestic top-up taxThe extra tax added when a group’s effective tax rate falls below the 15 per cent floor. for low-taxed Australian profits.
The new tax rules generally apply to multinational groups with revenue of at least 750 million euros in at least 2 of the previous 4 years.
Australia can collect top-up taxThe extra tax added when a group’s effective tax rate falls below the 15 per cent floor. from Australian parent entities when group profits in other countries are taxed below the 15 per cent minimum rate.
Australian domestic and parent top-up taxes start for fiscal years from 1 January 2024, while the backstop tax for undertaxed offshore profits starts from 1 January 2025.
Large multinational groups will have to file special minimum-tax returns in Australia, and related group entities can be made jointly responsible for paying the tax.
The Bills implement a 15 per cent global minimum tax and Australian domestic minimum tax on certain MNEs with annual global revenue of at least EUR 750 million.Taxation (Multinational—Global and Domestic Minimum Tax) explanatory memorandum
(a) for at least 2 of the 4 Fiscal Years immediately preceding the test year, the MNE Group’s annual revenue is equal to or greater than its GloBE Threshold for the Fiscal Year; orTaxation (Multinational—Global and Domestic Minimum Tax) Act 2024 final Act text
Australian IIR tax is to be imposed on certain parent entities of MNE Groups that are within scope of the Minimum Tax law in respect of undertaxed profits of Constituent Entities within the MNE Group that operate in low-tax jurisdictions.Taxation (Multinational—Global and Domestic Minimum Tax) explanatory memorandum
(2) Despite subsection (1), subsection 10(1) (Australian UTPR Tax) applies in relation to Fiscal Years starting on or after 1 January 2025.Taxation (Multinational—Global and Domestic Minimum Tax) Act 2024 final Act text
The amendments include new Division 127 in Schedule 1 to the TAA providing rules for tax returns and tax assessments, and new Division 128 in Schedule 1 to the TAA providing rules imposing onto other entities the obligations and liabilities of various entities under the Minimum Tax law.Taxation (Multinational—Global and Domestic Minimum Tax) explanatory memorandum
Context
After Australia joined the October 2021 OECDThe international policy body that helped design the global minimum-tax rules Australia is adopting./G20A group of major economies that worked with the OECD on the two-pillar tax deal. agreement on a 15 per cent global minimum tax and committed in the 2023-24 Budget to implement Pillar TwoThe OECD-led part of the global tax deal that sets a minimum tax for large multinationals., a gap remained because large multinational groups could still book profits in Australia or offshore at tax rates below that floor. This bill responded by creating Australian domestic and parent top-up taxes from 1 January 2024 and an undertaxed profits backstop from 1 January 2025, with Parliament passing it in late 2024 and Royal AssentThe formal step that makes the bill law after Parliament has passed it. completing the change.
OECDThe international policy body that helped design the global minimum-tax rules Australia is adopting./G20A group of major economies that worked with the OECD on the two-pillar tax deal. countries agree on the Two-Pillar tax deal
Australia joined 135 other members of the OECDThe international policy body that helped design the global minimum-tax rules Australia is adopting./G20A group of major economies that worked with the OECD on the two-pillar tax deal. Inclusive Framework in backing a plan for multinational groups to face a 15 per cent minimum tax wherever they operate.
Taxation (Multinational—Global and Domestic Minimum Tax) explanatory memorandum ↗Australia commits to implement Pillar TwoThe OECD-led part of the global tax deal that sets a minimum tax for large multinationals.
The government announced in the 2023-24 Budget that it would legislate key parts of Pillar TwoThe OECD-led part of the global tax deal that sets a minimum tax for large multinationals. so multinationals would pay a fairer minimum level of tax.
Taxation (Multinational—Global and Domestic Minimum Tax) explanatory memorandum ↗Domestic and parent top-up taxThe extra tax added when a group’s effective tax rate falls below the 15 per cent floor. rules start applying
The new Australian domestic minimum taxAn Australian top-up tax on low-taxed profits booked in Australia so the minimum rate still applies locally. and income inclusion ruleThe rule that lets a parent country charge top-up tax when a group’s profits are taxed too lightly elsewhere. were set to apply for fiscal years beginning on or after this date for groups with annual global revenue of at least EUR 750 million.
Taxation (Multinational—Global and Domestic Minimum Tax) explanatory memorandum ↗Government introduces the bill
The bill was introduced to Parliament to implement Australia's global and domestic minimum taxAn Australian top-up tax on low-taxed profits booked in Australia so the minimum rate still applies locally. package and add the related assessment, filing and payment rules.
Parliamentary timeline ↗Parliament passes the bill
Both houses agreed on the same text, clearing the way for the new minimum-tax regime to become law.
Parliamentary timeline ↗Royal AssentThe formal step that makes the bill law after Parliament has passed it. makes the bill law
Royal AssentThe formal step that makes the bill law after Parliament has passed it. turned the bill into an Act, locking in Australia's legislative framework for collecting top-up taxThe extra tax added when a group’s effective tax rate falls below the 15 per cent floor. from large multinational groups.
Parliamentary timeline ↗Undertaxed profits backstop begins
From fiscal years beginning on or after this date, the undertaxed profits ruleThe backstop rule that lets other countries collect top-up tax on offshore profits if the income was not fully taxed under the main rule. started as the backstop for offshore profits still taxed below the 15 per cent minimum.
Taxation (Multinational—Global and Domestic Minimum Tax) explanatory memorandum ↗Legislative route
The bill was formally presented to the chamber and read a first time, which starts its parliamentary journey.
Introduced and read a first time
A minister or sponsoring member moved the second reading, opening the main debate on the bill's purpose and principles.
Second reading moved
Referred to Committee (04/07/2024): Senate Economics Legislation Committee; Committee report (14/08/2024)
Referred to committee
APH bill page notesThe bill reached this recorded parliamentary step.
The bill reached this recorded parliamentary step.
Referred to Federation Chamber
The bill reached this recorded parliamentary step.
Second reading debate
The bill reached this recorded parliamentary step.
The bill reached this recorded parliamentary step.
Reported from Federation Chamber
The chamber agreed to the bill at second reading, meaning it accepted the bill in principle and allowed it to continue.
Second reading agreed to
The chamber agreed to the bill at third reading, which completed passage through that chamber. Later message exchanges with the other chamber were still recorded afterwards.
Third reading agreed to
The bill was formally presented to the chamber and read a first time, which starts its parliamentary journey.
Introduced and read a first time
A minister or sponsoring member moved the second reading, opening the main debate on the bill's purpose and principles.
Second reading moved
The bill reached this recorded parliamentary step.
The bill reached this recorded parliamentary step.
The chamber agreed to the bill at second reading, meaning it accepted the bill in principle and allowed it to continue.
Second reading agreed to
The chamber considered amendments before the bill moved to the next stage.
Committee of the Whole debate
The chamber agreed to the bill at third reading, which completed passage through that chamber.
Third reading agreed to
The House dealt with Senate amendments or requests so both chambers could settle the bill in the same form. The main accepted Senate changes reflected in the final bill were: The introduced and as-passed bill texts differ in 1 observed text block: the as-passed bill adds “Securitisation Entity has the meaning given by the Rules. ” The official record also shows Angus Taylor’s House second-reading amendment was defeated by counted division, while the Senate government amendment and the House agreement to Senate amendments were carried on voices.
Both houses passed the bill in the same form, completing parliamentary passage.
Finally passed both Houses
The Governor-General gave Royal AssentThe formal step that makes the bill law after Parliament has passed it., turning the bill into an Act.
Key criticism
The main criticism was not that the bill should be stopped, but that it was only a partial fix that would not solve wider concerns about multinational tax avoidance or the broader tax burden on business and households. That reservation was limited: no party represented in the debate opposed the bill, with the Greens pressing for stronger action and the Coalition backing it while linking support to amendments and wider tax criticisms.
No significant public case against the bill is recorded so far beyond limited reservations about scope and broader tax policy.
Only a partial fix
Critics who still supported the bill argued it did not go far enough on its own. The Greens said it was only a partial step while some Coalition and crossbench speakers said broader tax reform was still needed, so the concern was mainly about the bill's limited scope rather than its core policy.
Further sources
Votes
The bill passed both chambers on the voices. The counted divisions below were about amendments or procedure, not final passage.
House agreed to the bill's third reading on the voices, so there is no list of individual Aye and No votes for final passage in that chamber.
Passed on the voices
In a voice vote, members call out Aye or No and the presiding officer judges which side has it. Individual names are only recorded if a formal division is called.
Senate agreed to the bill's third reading on the voices, so there is no list of individual Aye and No votes for final passage in that chamber.
Passed on the voices
In a voice vote, members call out Aye or No and the presiding officer judges which side has it. Individual names are only recorded if a formal division is called.
Amendments grouped by chamber. These cards include amendment outcomes recorded without a counted division.
House
Defeated 56 to 83. Support came from Liberal Party, Nationals, and Centre Alliance. Opposition came from Labor and Greens. Minor-party and independent votes were split.
The amendment was defeated, so the House did not add that criticism to the bill’s second-reading motion and instead proceeded with the bill unchanged at this stage.
The House agreed to the amendments made by the Senate, so the bill could pass both chambers in the same form.
Carried on voices
The chamber decided this amendment without a counted division, so there is no list of individual Aye and No votes.
Senate
This amendment would change the bill text by adding a definition that lets the term ‘Securitisation Entity’ take its meaning from the rules.
This amendment would change the bill text by adding a definition that lets the term ‘Securitisation Entity’ take its meaning from the rules.
Passed on the voices
The chamber agreed to this amendment without a counted vote — the presiding officer judged the ayes louder than the noes, and no member called for a division.
These are amendment votes, not the final passage vote on the bill itself. The bill passed both chambers on the voices.
Parliamentary debate
Start here — lead voices
Andrew Leigh supports the bill and says it is part of the government's plan to impose a 15 per cent minimum tax on large multinationals.
Read in Hansard ↗Kennedy says the opposition supports the bill and welcomes the government's multinational tax measures, but argues Labor has broken wider tax promises and should do more for small business and households.
Read in Hansard ↗Spender supports the bill because she wants multinational companies to pay their fair share of tax through a global minimum tax.
Read in Hansard ↗Ayres supports the bill and says it will help Australia impose a 15 per cent global and domestic minimum taxAn Australian top-up tax on low-taxed profits booked in Australia so the minimum rate still applies locally. on large multinationals.
Read in Hansard ↗All speeches by bloc
10 speakers · 11 contributions · 10 support
“This Bill is part of a package of three Bills which together will enact a 15 per cent global minimum tax and domestic minimum tax for multinational enterprises (multinationals) operating in Australia with an annual global revenue of 750 million Euros (approximately A$1.2 billion) or greater.”Read the full speech in Hansard ↗
Hansard records 2 separate contributions by Andrew Leigh on this bill. They are grouped here so the speaker is listed once.
Second reading speech
Andrew Leigh supports the bill and says it is part of the government's plan to impose a 15 per cent minimum tax on large multinationals. He argues it will lift fairness, protect revenue and stop profit shifting and tax avoidance by big companies.
“Full details of the measure are contained in the explanatory memorandum. I commend the bill to the House.”Read this contribution in Hansard ↗
Second reading speech
Leigh supports the bill and says it will bring in a 15 per cent global and domestic minimum taxAn Australian top-up tax on low-taxed profits booked in Australia so the minimum rate still applies locally. for large multinationals, help stop profit shifting, and protect Australia’s revenue base. He presents it as a landmark reform that he commends to the House.
“In closing, I want to acknowledge the many officials that have worked on this extremely complicated package of reforms: in the International Tax Branch—Kerry Baguley, William Potts, Henry Addison, Lilian Yan, Mackenzie Brown, Brian McKay and Mingliang Sun; from Law Division—Tania Koit, Monica Lee, Maddison Bell, Jodic Chan, Kelly Minerds, Ron Harry, Diana Batchelor, Rumbie Mawrie, Istiak Ahmed and Janelle Hanns; from the Office of Parliamentary Counsel—Daniel Lovric, Matthew Sait, Eric Armstrong and Jonathan Phua; and from the Australian Taxation Office—Adam Peel, Touqir Ali, Adam Reed, Alexandra McCallum, Angus Brackenreg, Brendan Wagner, Bruce Matheson, Caroline Arman, Katina Gregory, Lakshinee Kodituwakku, Louise Andolfatto, Marcus Wong, Melissa Papazzo, Michael Sapuppo, Michael Wang, Nola Bi, Paul Skellett, Rhys Manley, Simon Hellmers and Tim Smith. I commend these bills to the House.”Read this contribution in Hansard ↗
“This is an important step, and it's part of the government's broad and ambitious tax reform agenda. When multinationals pay less, Australian individuals and Australian small businesses pay more, and it's not fair. It's actually unfair. Fundamentally, for decades, billions of dollars in taxes that should have been paid here in Australia have not been paid. Under the former government, they got away with billions of dollars of unpaid tax. That money could have gone into schools, hospitals, roads, public transport or mental health. It could have gone into so many things that make a difference to people's lives, and yet the coalition allowed the profits to just wander off to the Cayman Islands or wherever it was, with no tax being paid here, even though the money was made in Australia. We need to ensure that these multinationals pay their fair share so government can invest in the services that our communities need, and that's what we are doing.”Read the full speech in Hansard ↗
“Australia has long been a champion of the global 15 per cent minimum tax, and we are now in the first group of nations to implement the global minimum tax and domestic minimum tax of 15 per cent. From this year, this tax will apply to multinational enterprises with an annual global revenue of at least 750 million euros, which is approximately A$1.2 billion or greater. The global minimum tax will ensure large multinational enterprises pay a minimum level of tax on income arising in each jurisdiction where they operate. This will support global momentum towards a fairer international tax system by putting a floor on tax competition and levelling the playing field between large multinational enterprises and Australian businesses.”Read the full speech in Hansard ↗
“This is good legislation, and it evidences Australia's commitment to a better, fairer and more equal economic global order. Ernst & Young described the introduction of this regime as a significant shift in global taxation. Australia has been a firm champion of the global 15 per cent minimum tax rate on multinationals. By enacting this legislation now, we will be among a strong group of first movers, the actions of which will bring other nations more quickly to agreement and cooperation. I support the bill and look forward to seeing the intent of this legislation supported across this parliament and across the world.”Read the full speech in Hansard ↗
“I'm pleased to rise today to speak in support of this bill, the Taxation (Multinational—Global and Domestic Minimum Tax) Bill 2024. I would note from the outset that is one of a package of three bills which together enact a 15 per cent global minimum tax and domestic minimum tax for multinational enterprises operating in Australia with an annual global revenue of 750 million euros or greater, which is approximately A$1.2 billion. There are other bills as part of this package which relate to capital thinning and greater transparency across jurisdictions.”Read the full speech in Hansard ↗
“The Albanese Labor government is committed to ensuring that big multinational corporations that make a profit in Australia pay tax in Australia. This was an election commitment, and I'm happy to speak in support of this necessary reform, the Taxation (Multinational—Global and Domestic Minimum Tax) Bill 2024. It builds on the substantial reforms already implemented by Labor regarding the taxation of large multinational corporations.”Read the full speech in Hansard ↗
“In addition to a global minimum tax, this legislation—the Taxation (Multinational—Global and Domestic Minimum Tax) Bill 2024 and related bills—also implements a domestic minimum tax which will give Australia additional taxing rights on the low-taxed Australian income of large multinational groups. This is a critical safeguard to ensure that Australia collects revenue from local undertaxed profits.”Read the full speech in Hansard ↗
“Tonight, I would like to urge those sitting on the crossbench to support this crucial piece of legislation to ensure that multinational corporations both globally and domestically are taxed fairly, because every Australian taxpayer needs to be treated fairly. There need to be equitable outcomes for the pay-as-you-go taxpayer and multinationals, because that's the principle that Australians really stand for. If we don't ensure that multinationals and individuals pay their fair share of tax, then no government, whether it's a Labor government or whether it's those from the other side, will be able to deliver these services that we need.”Read the full speech in Hansard ↗
“These bills, the Taxation (Multinational—Global and Domestic Minimum Tax) Bill 2024 and related bills, are just the next step in our government's agenda to deliver on our commitments. They legislate the powers necessary to allocate top-up taxes where companies have not paid at least a 15 per cent rate of corporate tax.”Read the full speech in Hansard ↗
8 speakers · 7 support · 1 mixed
“Australians deserve a government focused on the challenges they face today. Yes; we agree with the government on this legislation. But we do not apologise for holding the government to account for their broken promises on tax, for the cratering productivity numbers and for their failure to fight inflation. In my community of Cook, people are concerned. They're concerned about a government spending more for longer and taxing more.”Read the full speech in Hansard ↗
“Into that multinational tax avoidance mix comes this package of bills, to implement the global minimum 15 per cent tax in concert with the other 140 inclusive framework member countries as part of the two-pillar solution on multinational tax avoidance. The package has been delayed by some reluctance from the United States, from both the Obama and Trump administrations, because many of the targets of antiavoidance by multinational corporations have been some of America's biggest companies. The government estimates this package of bills will bring in just over $370 million over the five years to 2026-27.”Read the full speech in Hansard ↗
“Changes to these multinational tax arrangements—and we do in principle, subject to the amendments that I have just moved, support them—do not make up for Labor's attacks on aspirational Australians. Changes to multinational tax arrangements in this bill do not make for Labor inaction and failures on homegrown inflation. Changes to multinational tax arrangements in this bill do not make up for Labor's rate rises. Changes to multinational tax arrangements in this bill do not make up for Labor's attacks on hardworking Middle Australians who are trying to get ahead.”Read the full speech in Hansard ↗
“We as a coalition welcome the continuation of the Organisation for Economic Co-operation and Development's two-pillar solution to multinational tax avoidance. This was started by the coalition. It's being continued by the government. We very much committed to the two-pillars solution in October 2021. This commitment was based on securing an exemption for resources and financial services companies from the framework so that Australia's tax base would not be eroded.”Read the full speech in Hansard ↗
“These are important bills. They have our support, but that support should not be given by the coalition in a way that doesn't acknowledge the promises that have been broken and the serious work that has to be done on out-of-control spending by this government which is impacting the task of bringing inflation down now and doing nothing to fix that horror story that we see in the Intergenerational report of 40 years from now.”Read the full speech in Hansard ↗
“As we've seen with multinationals over a period of time, there have been real concerns about whether we are getting multinationals paying their fair share of tax. That's why, when the coalition were in government, we started a process of making sure that multinationals would be taxed fairly. As the Deputy Speaker and everyone in this chamber knows, that was incredibly important work. What we're seeing from the government is a continuation of that process, including the OECD two-pillar solution to multinational tax avoidance. We obviously support that work, because we want to make sure that multinationals are paying their fair share. As I illustrated in the example before, if we're not getting everyone to pay their fair share, then pressure comes onto government to provide the services that they need.”Read the full speech in Hansard ↗
“The changes to multinational tax arrangements in this bill do not make up for Labor's attacks on aspirational Australians. These changes do not compensate for Labor's inaction on inflation. They do not address the impact of rising interest rates on Australian households, nor do they undo the harm caused by Labor's tax policies. Australians deserve a government that's focused on the challenges they face today. While the coalition will not oppose this legislation, we will not apologise for holding the government to account for their broken promises on tax and their failure to take meaningful action on productivity and indeed potentially making the problem even worse.”Read the full speech in Hansard ↗
“Australians deserve a government that is focused on the challenges they face today. And while the coalition will not oppose this legislation, we will not apologise for holding this government to account for their broken promises on tax, their failure to take meaningful action on productivity, and their lack of focus on fighting inflation. We need a government that prioritises the economic wellbeing of all Australians and takes real steps to address the cost-of-living crisis, improve productivity and, importantly, restore confidence in our economy.”Read the full speech in Hansard ↗
2 speakers · 2 support
“Notwithstanding the concerns that I've raised, we will absolutely be supporting this legislation. But the aim here from Labor and from Labor's global advocacy should be to prevent the continuation and exacerbation of the present unfair and ineffective approach and maintain the momentum towards a more comprehensive reform that delivers more equity and fairness than the reform that we are currently debating. A fair way to do this would be based on unitary taxation of multinational corporations, with apportionment based on where the corporations are actually doing business and not on their artificial legal structures. That is a proposal that has been advanced by the Tax Justice Network, and I commend them for the work they've done to develop that proposal and for their advocacy of it. A proposal like that could benefit countries and multinational corporations alike by establishing a simple, effective and fairer system for multinational corporate taxation.”Read the full speech in Hansard ↗
“The Greens will support this bill, the Taxation (Multinational—Global and Domestic Minimum Tax) Bill 2024, through the House, but we will reserve our position in the Senate.”Read the full speech in Hansard ↗
2 speakers · 2 support
“I welcome this bill and support the intentions of aligning global minimum tax rates to ensure that corporations pay their fair share of tax, regardless of where they're based. But more needs to be done urgently to address the other issues front of mind for Australians in which the tax system has an important role to play.”Read the full speech in Hansard ↗
“Equalising or at least bringing business costs closer, irrespective of where the business is domiciled, can't come at a more important time. Across Australia, corporate insolvencies are surging, as inflation, cost of living and energy prices are taking effect. In the last 12 months, insolvencies exceeded 10,000 for the first time since 2013. The trend is alarming. For the first nine months of the financial year, insolvencies rose by 36.2 per cent on the previous corresponding period. Monthly filings reached 1,137 insolvencies in March 2024. That was a record until May, when 1,249 new cases were initiated. While most of these companies are local, the benefit of a globally [inaudible] tax system will result in more companies investing or relocating their operations to Australia, with flow-on effects to the local economy. It is also reasonable to conclude that some of the $976 billion—nearly a trillion—in outbound foreign direct investment emanating from Australian businesses in 2022 would be redirected into Australia, creating local jobs and local opportunities. This bill provides improved fairness across the global economy. It is an appropriate reform and one that I certainly support. I thank the House.”Read the full speech in Hansard ↗
Record
House · Introduced and read a first time
Introduced
The bill was formally presented to the chamber and read a first time, which starts its parliamentary journey.
House · Second reading moved
Second reading opened
A minister or sponsoring member moved the second reading, opening the main debate on the bill's purpose and principles.
House · Second reading debate
Second reading debate
The bill reached this recorded parliamentary step.
House · Referred to Federation Chamber
Referred to Federation Chamber
The bill reached this recorded parliamentary step.
House · Second reading debate
Second reading debate
The bill reached this recorded parliamentary step.
House · Second reading debate
Second reading debate
The bill reached this recorded parliamentary step.
House · Reported from Federation Chamber
Reported from Federation Chamber
The bill reached this recorded parliamentary step.
House · Second reading agreed to
Second reading agreed
The chamber agreed to the bill at second reading, meaning it accepted the bill in principle and allowed it to continue.
House · Third reading agreed to
Third reading agreed
The chamber agreed to the bill at third reading, which completed passage through that chamber.
Senate · Introduced and read a first time
Introduced
The bill was formally presented to the chamber and read a first time, which starts its parliamentary journey.
Senate · Second reading moved
Second reading opened
A minister or sponsoring member moved the second reading, opening the main debate on the bill's purpose and principles.
Senate · Second reading debate
Second reading debate
The bill reached this recorded parliamentary step.
Senate · Second reading debate
Second reading debate
The bill reached this recorded parliamentary step.
Senate · Second reading agreed to
Second reading agreed
The chamber agreed to the bill at second reading, meaning it accepted the bill in principle and allowed it to continue.
Senate · Committee of the whole: amendments considered
Amendment packages agreed
The chamber considered amendments before the bill moved to the next stage.
Senate · Third reading agreed to
Third reading agreed
The chamber agreed to the bill at third reading, which completed passage through that chamber.
House · Consideration of Senate message
Consideration of Senate message
The House dealt with Senate amendments or requests so both chambers could settle the bill in the same form.
Parliament · Finally passed both Houses
Passed both houses
Both houses passed the bill in the same form, completing parliamentary passage.
Assent · Assent
Assent
The Governor-General gave Royal AssentThe formal step that makes the bill law after Parliament has passed it., turning the bill into an Act.
Senate Economics Legislation Committee; Committee report (14/08/2024)
Referred to committee
Referred to Committee (4 July 2024): Senate Economics Legislation Committee; Committee report (14 Aug 2024)
APH bill page notes
