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Australian Senate Standing Committee for the Scrutiny of Bills - Scrutiny Digests
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Treasury Laws Amendment (2017 Enterprise Incentives No 1) Bill 2017 [2017] AUSStaCSBSD 141 (10 May 2017)

Treasury Laws Amendment (2017 Enterprise Incentives No. 1) Bill 2017

Purpose
This bill seeks to amend the Income Tax Assessment Act 1997 and the Income Tax Assessment Act 1936 to:
• supplement the same business test with a more flexible similar business test; and
• provide taxpayers with the choice to self‑assess the effective life of certain intangible depreciating assets they start to hold on or after 1 July 2016
Portfolio
Treasury
Introduced
House of Representatives on 30 March 2017

The committee has no comment on this bill.

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