Summary
Part of a package of 11 bills, the bill: amends the: Taxation Administration Act 1953, Administrative Decisions (Judicial Review) Act 1977 and Income Tax Assessment Act 1997 in relation to: requirements for an annual minerals resource rent tax (MRRT) return and starting base return; an assessment regime for the MRRT; collection and recovery; instalment payments of MRRT on a quarterly basis; record keeping rules; the transfer of MRRT information from one entity to another; powers to access documents and premises; the service of documents; choices available to taxpayers in determining their tax liabilities; public rulings; and an annual reporting requirement; and Administrative Decisions (Judicial Review) Act 1977, A New Tax System (Goods and Services Tax) Act 1999, Crimes (Taxation Offences) Act 1980, Income Tax Assessment Act 1997, Taxation (Interest on Overpayments and Early Payments) Act 1983 and proposed Minerals Resource Rent Tax Act 2012 to make consequential amendments. Also makes application and transitional arrangements.