Income Tax Assessment Act 1997 Explained

Short Title:Income Tax Assessment Act 1997
Legislature:Parliament of Australia
Long Title:An Act about income tax and related matters
Citation: or
Territorial Extent:States and territories of Australia
Date Assented:17 April 1997
Status:In force

The Income Tax Assessment Act 1997 (Cth) is an Act of the Parliament of Australia introduced by the Howard government. The Act is one of a few statutes used in Australia to calculate income tax assessments. The Act was passed in an attempt to provide a rewritten income tax assessment statute, as the Income Tax Assessment Act 1936 was considered outdated. New matters relating to Australian income tax law are generally added to the Act, rather than the old 1936 Act.

The Act

Issues addressed by the act include:

See also

References

External links

Notes and References

  1. News: Costello. Peter. Peter Costello. 29 April 2005. Income tax deductions to be denied for illegal activities. Department of the Treasury. 17 December 2018.