- Date
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24 Jun 2015
- Chamber
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House of Representatives
- Status
-
Act
-
Portfolio
-
Treasury
- Summary
-
Amends the:
Income Tax Assessment Act 1997
and Income Tax (Transitional Provisions) Act 1997
to: provide tax relief to taxpayers entering into certain arrangements in relation to mining, quarrying and prospecting rights and information; and amend the company loss recoupment rules; Income Tax Assessment Act 1997
to extend the effective life of in-house software from four to five years; and Income Tax Assessment Act 1997
, Income Tax (Transitional Provisions) Act 1997
and Taxation Administration Act 1953
to provide income tax look-through treatment for instalment warrants, instalment receipts, and other similar arrangements, and for certain limited recourse borrowing arrangements entered into by regulated superannuation funds.