- Date
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27 Jun 2002
- Chamber
-
House of Representatives
- Status
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Act
-
Portfolio
-
Treasury
- Summary
-
Amends the
Income Tax (Transitional Provisions) Act 1997
and Income Tax Assessment Act 1997
to provide transitional valuation arrangements for the 2001-02 income year for oyster farmers capturing oyster spat by the traditional stick farming method; Income Tax Assessment Act 1997
to prevent double taxation where an amount is paid in respect of work in progress; Income Tax Assessment Act 1936
, Income Tax Assessment Act 1997
, Income Tax (Transitional Provisions) Act 1997
and New Business Tax System (Capital Allowances—Transitional and Consequential) Act 2001
in relation to the capital allowances system; and Income Tax Assessment Act 1936
to enable the Commissioner to recover outstanding pay as you go withholding amounts by making an estimate of the debt. Also contains application provisions.