- Date
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02 Nov 2011
- Chamber
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House of Representatives
- Status
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Act
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Portfolio
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Treasury
- Summary
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Part of a package of 11 bills, the bill: amends the:
Taxation Administration Act 1953
, Administrative Decisions (Judicial Review) Act 1977
and Income Tax Assessment Act 1997
in relation to: requirements for an annual minerals resource rent tax (MRRT) return and starting base return; an assessment regime for the MRRT; collection and recovery; instalment payments of MRRT on a quarterly basis; record keeping rules; the transfer of MRRT information from one entity to another; powers to access documents and premises; the service of documents; choices available to taxpayers in determining their tax liabilities; public rulings; and an annual reporting requirement; and Administrative Decisions (Judicial Review) Act 1977
, A New Tax System (Goods and Services Tax) Act 1999
, Crimes (Taxation Offences) Act 1980
, Income Tax Assessment Act 1997
, Taxation (Interest on Overpayments and Early Payments) Act 1983
and proposed Minerals Resource Rent Tax Act 2012
to make consequential amendments. Also makes application and transitional arrangements.