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A Generic Tax Framework for Demutualisations of Non-insurance Organisations - An Issues Paper

Date:

Monday, 25 August 1997

Content ID:

1019

Abstract:

In the 1997-98 Commonwealth Budget the Government announced its intention to develop - in consultation with the public - a generic framework for determining the tax consequences of transactions associated with the demutualisation of non insurance organisations.

To facilitate public consultation the Treasury and the Australian Taxation Office released this Issues Paper. The purpose of the Issues Paper was to outline the broad policy principles upon which the proposed generic tax framework was based. Interested parties were invited to comment on these broad policy principles or identify other issues which may have been relevant to the development of this framework.

Treasury and the ATO invite interested parties to comment on the broad policy principles outlined in this paper or identify other issues that may be relevant to the development of the generic tax framework. It is not our intention to respond individually to each submission.

While Treasury and the ATO do not intend to publicly release any submissions received on this issue, those making a submission should clearly identify any information that is commercially or otherwise sensitive.

Submission closing date: 14 July 1997

Address written comments to:

The Director
Business Tax Review Section
Taxation Policy Division
The Treasury
Parkes Place
PARKES ACT 2600

Email: RDC@treasury.gov.au

Documents Available:


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Related Items:

Press Release No.9 1997 - Taxation framework for demutualisation of non-insurance organisations - 28/05/1997
The Treasury and the Australian Taxation Office have jointly released an Issues Paper on a Generic Taxation Framework for Demutualisations of Non-Insurance Organisations. The Issues Paper was prepared as part of consultation with the public on developing a generic framework for determining the …

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