Summary
Amends the:
Income Tax Assessment Act 1997
to: remove the requirement that gifts to deductible gift recipients be valued at $2 or more donor can claim a tax deduction; and exclude tobacco and gambling related activities from eligibility for the Research and Development Tax Incentive;
Income Tax Assessment Act 1936
to require trustees of closely held trusts to report, in the trust’s income tax return, the quoted tax file numbers of beneficiaries who have an entitlement; and
Australian Securities and Investments Commission Act 2001
,
Superannuation Industry (Supervision) Act 1993
and
Treasury Laws Amendment (More Competition, Better Prices) Act 2022
to make minor and technical amendments.