This Australian Income Tax Legislation three-volume set provides a comprehensive consolidation of Australian income tax and related legislation, covering all amendments to 1 July 2020, including:

• Providing access to an instant asset write-off to entities with an aggregated turnover of $10 million or more but less than $500 million (up from the existing cap of $50 million), as part of the government’s economic response to Coronavirus;
   
• Making the instant asset write-off available for depreciating assets and certain related expenditure costing less than $150,000, from 12 March 2020 to 30 June 2020, as part of the government’s economic response to Coronavirus;
   
• Temporarily allowing businesses with aggregated turnovers of less than $500 million in an income year to deduct capital allowances for depreciating assets at an accelerated rate, as part of the government’s economic response to Coronavirus;
   
• Tax assistance in the relation to the 2019/20 bushfires making government support payments to volunteer firefighters and all relief and recovery payments and benefits provided by Australian governments non-assessable non-exempt income.

The set includes:

• COVID-19:Boosting Cash Flow for Employers (Coronavirus Economic Response Package) Act 2020
• JobKeeper: Coronavirus Economic Response Package (Payments and Benefits) Act and Rules
• Income Tax Assessment Act 1997
• Income Tax Assessment Act 1997
• Income Tax (Transitional Provisions) Act 1997
• Income Tax Assessment Regulations 1997
• Administration Act And Regulations
• Rating Acts
• Fringe Benefits Tax Acts And Regulations
• International Tax Agreements Act 1953
• Tax Agent Services Act 2009 and regulations
• Acts Interpretation Act 1901
• A New Tax System (Australian Business Number) Act and Regulations
• Crimes (Taxation Offences) Act 1980