Summary
Amends the:
A New Tax System (Goods and Services Tax) Act 1999
in relation to first aid or life saving courses;
Income Tax (Transitional Provisions) Act 1997
to provide for a transitional exclusion for certain indirect value shifts involving services;
Fringe Benefits Tax Assessment Act 1986
and
Income Tax Assessment Act 1997
in relation to: personal services income;
Income Tax Assessment Act 1936
and
Income Tax Assessment Act 1997
in relation to sugar industry exit grants;
Taxation Administration Act 1953
in relation to application of foreign resident withholding arrangements to certain alienated personal services payments;
Income Tax Assessment Act 1936
in relation to: demutualisation of friendly societies; and eligibility for the research and development tax offset;
Income Tax Assessment Act 1997
in relation to: optional roll-over relief for certain simplified tax system partnerships; and a technical correction;
Income Tax (Transitional Provisions) Act 1997
in relation to: revocation of certain choices under the consolidation regime; and technical corrections. Also contains application provisions.