Tax information updated for Income Tax Act 2007
Some of the terms and legislation reference we use in our publications and on the website have been changed in the Income Tax Act 2007. The intent or meaning of the Act has not changed, except for some minor changes listed in schedule 51. This means that you can still rely on the information in our booklets and forms, on our website and from our people, even where old terms and references are used.
Over time we will update our information to show both the old and new terms, to help you learn them. But we will only show the new legislation reference.
The Income Tax Act was rewritten to make it easier to understand and reduce your compliance costs. You can find more information about the term changes in the Tax Information Bulletin, Volume 20, No 2, March 2008.
Date published: 14 Apr 2008
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