Summary
Amends the: Income Tax Assessment Act 1997 to modify the capital gains/loss tax treatment of foreign residents with interests in Australian managed funds; International Tax Agreements Act 1953 to amend the rules for determining the source of income derived by certain residents of treaty partner countries; Income Tax Assessment Act 1936, Income Tax Assessment Act 1997 and Financial Corporations (Transfer of Assets and Liabilities) Act 1993 in relation to the imposition of interest withholding tax.