Summary
Amends the:
A New Tax System (Goods and Services Tax Act) 1999
,
Fuel Tax Act 2006
and
Taxation Administration Act 1953
in response to the Federal Court decision in
Deputy Commissioner of Taxation v PM Developments Ltd
to confirm that a representative of an incapacitated entity is responsible for the GST consequences arising during its appointment;
Taxation Administration Act 1953
to change the basis on which a pay as you go (PAYG) instalment liability is calculated;
Income Tax Assessment Act 1997
to: provide that the outer regional and remote payment made under the Helping Children with Autism package is exempt from income tax; and provide that payments made under the Continence Aids Payment Scheme are exempt from income tax; and
Income Tax Assessment Act 1936
to exempt Commonwealth debt issued in Australia from interest withholding tax. Also enables the Victorian Bushfire Appeal Fund Independent Advisory Panel to use donations for a broader range of purposes than the tax law considers charitable; and makes consequential amendments to the
Income Tax Assessment Act 1997
.