Summary
Amends the:
Income Tax Assessment Act 1936
,
Income Tax Assessment Act 1997
,
Medicare Levy Act 1986
and
Tax and Superannuation Laws Amendment (2014 Measures No. 1) Act 2014
to abolish the dependent spouse tax offset;
Income Tax Assessment Act 1936
in relation to the offshore banking unit regime;
Income Tax Assessment Act 1997
to exempt the Global Infrastructure Hub Ltd from income tax liability;
Income Tax Assessment Act 1997
and
Tax and Superannuation Laws Amendment (2013 Measures No. 2) Act 2013
to update the list of deductible gift recipients; 16 Acts to make technical and miscellaneous amendments; and
Income Tax Assessment Act 1936
,
Income Tax Assessment Act 1997
and
Income Tax (Transitional Provisions) Act 1997
to enable foreign entities to qualify for concessions under the investment manager regime either by investing directly in Australia or investing through an Australian fund manager. Also repeals the
First Home Saver Account Providers Supervisory Levy Imposition Act 2008
,
First Home Saver Accounts Act 2008
and
Income Tax (First Home Saver Accounts Misuse Tax) Act 2008
and makes consequential amendments to 18 Acts to abolish the first home saver accounts scheme.