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.