Summary
Amends the: Taxation Administration Act 1953, proposed Minerals Resource Rent Tax (Consequential Amendments and Transitional Provisions) Act 2012 and eight other Acts to align the self actuating system for the goods and services tax, the luxury car tax, the wine equalisation tax and fuel tax credits with the self assessment system for income tax; A New Tax System (Goods and Services Tax) Act 1999 and Fuel Tax Act 2006 to allow the Commissioner of Taxation to make a determination allowing a taxpayer to account for errors in relation to net amounts or net fuel amounts for prior tax and fuel tax return periods, providing the error is corrected during the relevant period of review; A New Tax System (Goods and Services Tax) Act 1999, A New Tax System (Luxury Car Tax) Act 1999 and A New Tax System (Wine Equalisation Tax) Act 1999 to clarify the definition of ‘net amount’; and A New Tax System (Goods and Services Tax) Act 1999, Fuel Tax Act 2006, Income Tax Assessment Act 1997 and Taxation Administration Act 1953 to make technical amendments.