Summary
Amends the:
Income Tax Assessment Act 1936
and
Income Tax Assessment Act 1997
in relation to: removing tax deductibility for contributions and gifts to political parties, members and candidates; and extensions of the beneficiary tax offset to the Equine Workers Hardship Wage Supplement Payment;
Income Tax Assessment Act 1997
and
Income Tax (Transitional Provisions) Act 1997
in relation to tax-free superannuation lump sums paid to persons with a terminal medical condition;
Income Tax Assessment Act 1997
in relation to: deductions for capital expenditure for the establishment of trees in carbon sink forests; and tax-free grants under the Tobacco Growers Adjustment Assistance Programme 2006 to certain tobacco growers; and
Income Tax Assessment Act 1936
in relation to the farm management deposit scheme.