- Date
-
13 Feb 2003
- Chamber
-
House of Representatives
- Status
-
Act
-
Portfolio
-
Treasury
- Summary
-
Amends the:
Income Tax Assessment Act 1936
to treat certain internal roll-overs as eligible termination payments; Income Tax Assessment Act 1997
and Income Tax (Transitional Provisions) Act 1997
to make technical corrections and amendments in relation to the uniform capital allowances system; Income Tax Assessment Act 1936
, Income Tax Assessment Act 1997
, Income Tax (Transitional Provisions) Act 1997
and Taxation Administration Act 1953
to clarify the recognition and treatment of non-assessable non-exempt income amounts; Income Tax Assessment Act 1997
in relation to refundable tax offset rules; Taxation Administration Act 1953
to introduce new withholding obligations to apply to certain payments to foreign residents; Income Tax Assessment Act 1997
and Taxation Administration Act 1953
to: apply pay as you go (PAYG) withholding to enterprise-to-enterprise transactions in Australia if no Australian Business Number (ABN) is quoted; and ensure that the relevant withholding rules have the same geographical application as the A New Tax System (Australian Business Number) Act 1999
; and Fringe Benefits Tax Assessment Act 1986
and Income Tax Assessment Act 1997
to provide a fringe benefits tax exemption for certain payments to approved worker entitlement funds. Also contains application and transitional provisions.