Summary
Amends the:
Income Tax Assessment Act 1997
and
Taxation Administration Act 1953
to abolish the mature age worker tax offset;
Income Tax Assessment Act 1997
and
Shipping Reform (Tax Incentives) Act 2012
to abolish the seafarer tax offset; and
Income Tax Assessment Act 1997
to: reduce the tax offset rates available under the research and development tax incentive by 1.5 per cent; and update the list of deductible gift recipients.