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Exposure Draft – Minor Amendments to Tax Laws


Wednesday, 20 May 2009

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The attached exposure draft and draft explanatory memorandum relate to proposed minor amendments to the taxation laws.  The amendments seek to ensure the law operates as intended, by correcting technical or drafting defects, removing anomalies and addressing unintended outcomes.  The minor amendments are part of the Government’s commitment to the care and maintenance of the taxation laws.

Minor amendment packages can include addressing issues raised through the Tax Issues Entry System (TIES). The TIES website (www.ties.gov.au), operated jointly by the Australian Taxation Office and Treasury, provides a vehicle for tax professionals and the general public to raise issues relating to the care and maintenance of the tax system.

The community’s views are sought on the proposed package of amendments.

The proposed amendment to capital gains tax legislation applicable to foreign residents to ensure that real property includes a lease over land applies to CGT events happening on or after 20 May 2009, the date on which the amendment was first foreshadowed through the release of this exposure draft.

While submissions may be lodged electronically, by post or by facsimile, electronic lodgment is preferred. For accessibility reasons, please submit responses sent via email in a Word or RTF format. An additional PDF version may also be submitted.

All information (including name and address details) contained in submissions will be made available to the public on the Treasury website unless you indicate that you would like all or part of your submission to remain in confidence.  Automatically generated confidentiality statements in emails do not suffice for this purpose.  Respondents who would like part of their submission to remain in confidence should provide this information marked as such in a separate attachment.  A request made under the Freedom of Information Act 1982 (Commonwealth) for a submission marked 'confidential' to be made available will be determined in accordance with that Act.

Closing date for submissions: Friday, 5 June 2009

Address written submissions to:
The General Manager
Tax Design Division
The Treasury
Langton Crescent

Fax:  (02) 6263 2724

Email:  minortaxamendments@treasury.gov.au

For enquiries, please call Greg Pinder on (02) 6263 3176 or John Burge on (02) 6263 3119

Documents Available:

Acrobat (PDF) documents

 Acrobat (PDF)

Minor Amendments to Tax Laws - Exposure Draft  118.54kb
Minor Amendments to Tax Laws - Explanatory Memorandum  125.96kb
Minor Amendments to Tax Laws - Renumbering  16.99kb
Consultation Summary  38.89kb

Microsoft Word (RTF) documents

 Microsoft Word (RTF)

Minor Amendments to Tax Laws - Explanatory Memorandum  247.50kb
Minor Amendments to Tax Laws - Renumbering  480.51kb
Consultation Summary  843.36kb

Related Items:

Submissions: Exposure Draft – Minor Amendments to Tax Laws - 25/06/2009

Treasury has received three submissions in response to its consultation on the Exposure Draft – Minor Amendments to Tax Laws. All of these are public submissions and are accessible by selecting the author.

The opinions expressed in the submissions are those of the authors and do not necessarily reflect the views of the Government or The Treasury.

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