- Date
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25 Jun 2009
- Chamber
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House of Representatives
- Status
-
Act
-
Portfolio
-
Treasury
- Summary
-
Amends the:
Income Tax Assessment Act 1936
to increase the research and development expenditure cap for eligibility to the tax offset from $1 million to $2 million; A New Tax System (Australian Business Number) Act 1999
, Income Tax Assessment Act 1936
, Income Tax Assessment Act 1997
, and Taxation Administration Act 1953
in relation to private ancillary funds; Income Tax Assessment Act 1936
, Income Tax Assessment Act 1997
and Income Tax (Transitional Provisions) Act 1997
to provide capital gains tax relief to certain friendly societies; and Income Tax Assessment Act 1936
in relation to losses transferred to the head company of a consolidated group by a joining entity. Also amends 15 Acts relating to taxation laws to make various minor amendments.