- Date
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14 May 2009
- Chamber
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House of Representatives
- Status
-
Act
-
Portfolio
-
Treasury
- Summary
-
Amends the:
Taxation Administration Act 1953
to set the gross domestic product adjustment for the 2009-10 income year at two per cent; Income Tax Assessment Act 1997
and Taxation Administration Act 1953
to enable certain eligible taxpayers to make annual pay as you go instalments; Petroleum Resource Rent Tax Assessment Act 1987
to: introduce a functional currency rule; introduce a modified ‘look-back’ rule for certain exploration expenditure; introduce internal petroleum provisions; and extend the offshore exploration incentive for designated frontier areas; and Income Tax Assessment Act 1997
to update the list of deductible gift recipients.