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Exposure Draft - Minor Amendments to Tax Laws


Monday, 30 November 2009

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The attached exposure draft and draft explanatory memorandum relate to proposed minor amendments to the taxation laws. The community’s views are sought on the proposed amendments.

The amendments seek to ensure the law operates as intended, by correcting technical or drafting defects, removing anomalies and addressing unintended outcomes. The amendments also include minor improvements to the tax laws. The amendments are part of the Government’s commitment to the care and maintenance of the taxation laws.

Some of the amendments address 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 proposed amendment to change subsection 45B(9) of the Income Tax Assessment Act 1936 applies from 30 November 2009 (the date of release of the exposure draft legislation).

Making a submission

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. Legal requirements, such as those imposed by the Freedom of Information Act 1982, may affect the confidentiality of your submission.

Closing date for submissions: Friday, 15 January 2010

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

Fax:: (02) 6263 2724

Email: minortaxamendments@treasury.gov.au

For enquiries, please call Barbara Anderson on (02) 6263 4431 or Greg Pinder on (02) 6263 3176

Documents Available:

Acrobat (PDF) documents

 Acrobat (PDF)

Minor Amendments to Tax Laws - Exposure Draft  87.13kb
Minor Amendments to Tax Laws - Explanatory Memorandum  116.04kb
Consultation Summary  33.01kb

Microsoft Word (RTF) documents

 Microsoft Word (RTF)

Minor Amendments to Tax Laws - Exposure Draft  443.89kb
Minor Amendments to Tax Laws - Explanatory Memorandum  381.58kb
Consultation Summary  831.60kb

Related Items:

Submissions: Exposure Draft - Minor Amendments to Tax Laws - 11/02/2010

Treasury received four 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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