Income Tax Assessment Act 1997 in relation to: trust beneficiaries continuing to use primary production income averaging in certain circumstances; the operation of the National Rental Affordability Scheme; and anti-avoidance rules for exempt entities used to ‘shelter’ the taxable income of a trust;
Income Tax Assessment Act 1936,
Income Tax Assessment Act 1997 and
Income Tax (Transitional Provisions) Act 1997 to enable trust beneficiaries to continue to use farm management deposits in certain circumstances;
Income Tax Assessment Act 1936 in relation to: capital gains and franked distributions of trusts; and phasing out the dependent spouse tax offset; and
Fringe Benefits Tax Assessment Act 1986 to provide for a single statutory rate of 20 per cent to determine the taxable value of car fringe benefits. Also makes consequential amendments to the
Income Tax Assessment Act 1936 and
Income Tax Assessment Act 1997.