Summary
Amends the: A New Tax System (Goods and Services Tax) Act 1999, Fuel Tax Act 2006, Income Tax Assessment Act 1997 and Taxation Administration Act 1953 to require that input tax credits and fuel tax credits are claimed within a four year period; A New Tax System (Goods and Services) Tax Act 1999, A New Tax System (Wine Equalisation Tax) Act 1999 and Taxation Administration Act 1953 to enable residents of Australian external territories to claim refunds of good and services tax (GST) and wine equalisation tax under the tourist refund scheme; A New Tax System (Goods and Services Tax) Act 1999 and Taxation Administration Act 1953 to enable certain intermediaries to act as a principal for GST accounting purposes; A New Tax System (Goods and Services Tax) Act 1999 in relation to: clarification of the calculation of the gambling operator’s margin when the supplies made by the operator are GST-free; and the treatment of supplies and acquisitions between associates without consideration; and A New Tax System (Goods and Services Tax) Act 1999, A New Tax System (Luxury Car Tax) Act 1999, Fuel Tax Act 2006 and Taxation Administration Act 1953 to provide for the treatment of overpaid refunds.