Summary

Amends: the Taxation Administration Act 1953 to: require certain large entities to pay Pay As You Go instalments monthly rather than quarterly or annually; require the commissioner to publish limited information about the tax affairs of large corporate taxpayers; enable the publication of periodic aggregate tax collection information; and enable information sharing between government agencies in relation to foreign acquisitions and investment decisions affecting Australia; the Income Tax Assessment Act 1936, Income Tax Assessment Act 1997 and Income Tax (Transitional Provisions) Act 1997 to provide a tax incentive for entities that carry on a nationally significant infrastructure project that has been designated by the Infrastructure Coordinator; the Petroleum Resource Rent Tax Assessment Act 1987 to address unintended impacts arising from the Federal Court’s decision in Esso Australia Resources Pty Ltd v Commissioner of Taxation [2012] FCAFC 5; the Income Tax Assessment Act 1997 to: remove the capital gains tax discount on discount capital gains accrued after 8 May 2012 by foreign and temporary resident individuals; and exempt payments made under the Defence Abuse Reparation Scheme from income tax; the A New Tax System (Goods and Services Tax) Act 1999 to ensure that certain National Disability Insurance Scheme funded supports are GST-free; the Income Tax Assessment Act 1997, Tax Laws Amendment (2011 Measures No. 2) Act 2011 and proposed Tax Laws Amendment (Special Conditions for Not-for-profit Concessions) Act 2013 in relation to deductible gift recipients; the Income Tax Assessment Act 1936, Income Tax Assessment Act 1997 and Infrastructure Australia Act 2008 to make consequential amendments; and seven Acts to make technical amendments.