Summary
Amends the: Income Tax Assessment Act 1997 to modify the capital gains/loss tax treatment of foreign residents with interests in Australian managed funds; International Tax Agreements Act 1953 to amend the rules for determining the source of income derived by certain residents of treaty partner countries; Income Tax Assessment Act 1936, Income Tax Assessment Act 1997 and Financial Corporations (Transfer of Assets and Liabilities) Act 1993 in relation to the imposition of interest withholding tax. Also contains application provisions.