Summary
Part of a package of three bills in relation to the Seasonal Labour Mobility Program and other taxation matters, the bill amends the: Income Tax Assessment Act 1936, Income Tax Assessment Act 1997, Income Tax (Transitional Provisions) Act 1997 and Taxation Administration Act 1953 to apply a new final withholding tax to income derived by non-resident workers participating in the Seasonal Labour Mobility Program; Excise Act 1901 and Excise Tariff Act 1921 to specify the circumstances where blending the same types of gaseous fuels or the same types of aviation fuels, which have been taxed at different rates, are not treated as excise manufacture and are therefore subject to additional duty; Income Tax Assessment Act 1936 to retrospectively clarify that trust beneficiaries who are minors cannot receive the low income tax offset for unearned income earned through trust distributions; and Income Tax Assessment Act 1997 to: provide income tax exemptions for clean energy payments made to recipients of payments made under certain schemes; and make the employment termination payment tax offset dependent on an individual’s total taxable income.