Summary
Amends the:
Income Tax Assessment Act 1936
and
Income Tax Assessment Act 1997
in relation to tax exemptions for: certain temporary residents; and the Commonwealth Games Federation;
Income Tax Assessment Act 1997
to exempt from income tax compensation received for loss of defence remuneration;
Income Tax Assessment Act 1936
,
Income Tax Assessment Act 1997
and
Income Tax (Transitional Provisions) Act 1997
to exclude repayment of certain amounts from assessable income; and
Income Tax Assessment Act 1936
to increase the level of expenses above which the medical expenses tax offset applies. Also contains application and transitional provisions.