Summary
Amends the:
Fringe Benefits Tax Assessment Act 1986
in relation to exemptions for employer-provided remote area housing, relocation consultant costs and certain work-related items;
Income Tax Assessment Act 1997
to: set maximum periods over which deductions for the decline in value of buses, light commercial vehicles, trucks and truck trailers; and introduce a mature age worker tax offset; and
A New Tax System (Goods and Services Tax) Act 1999
to ensure that the goods and services tax applies to transactions involving non-residents who supply options or rights to things which are connected with Australia.