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Identify two (2) key pieces of legislation affecting taxable transactions. For each legislation in a) summarise the key features / areas covered. Please provide at

Identify two (2) key pieces of legislation affecting taxable transactions.

For each legislation in a) summarise the key features / areas covered. Please provide at least four (4) features (All legislations names to be written in full including the year of incorporation).

Legislation full name Features
1. Income Tax Assessment Act 1936 (ITAA 1936)

1.

2.

3.

4.

  1. Income Tax Assessment Act 1997 (ITAA 1997)

1.

2.

3.

4.

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