Second Reading Speeches

Tax Laws Amendment (2009 Measures No. 4) Bill 2009

Originating house
House of Representatives
Parliament no

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Amends the:

Income Tax Assessment Act 1936
to increase the research and development expenditure cap for eligibility to the tax offset from $1 million to $2 million;
A New Tax System (Australian Business Number) Act 1999
Income Tax Assessment Act 1936
Income Tax Assessment Act 1997
, and
Taxation Administration Act 1953
in relation to private ancillary funds;
Income Tax Assessment Act 1936
Income Tax Assessment Act 1997
Income Tax (Transitional Provisions) Act 1997
to provide capital gains tax relief to certain friendly societies; and
Income Tax Assessment Act 1936
in relation to losses transferred to the head company of a consolidated group by a joining entity. Also amends 15 Acts relating to taxation laws to make various minor amendments.

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