Summary
Amends the:
Income Tax Assessment Act 1997
to modify the capital gains/loss tax treatment of foreign residents with interests in Australian managed funds;
International Tax Agreements Act 1953
to amend the rules for determining the source of income derived by certain residents of treaty partner countries;
Income Tax Assessment Act 1936
,
Income Tax Assessment Act 1997
and
Financial Corporations (Transfer of Assets and Liabilities) Act 1993
in relation to the imposition of interest withholding tax.