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Exposure Draft - Aligning the Capital Gains Tax Scrip for Scrip Roll-Over Requirements with the Corporations Act 2001

Date:

Thursday, 22 April 2010

Content ID:

1787

Abstract:

On 6 January 2010, the Assistant Treasurer announced that the Government will carve-out certain takeovers and mergers from having to meet the substantially the same participation requirements of the capital gains tax (CGT) scrip for scrip roll-over.

Following public consultation on the policy design of this change, the Government has developed draft legislation to implement this measure. An exposure draft of the legislation and explanatory material is now available.

Making a submission

Interested parties are invited to comment on the exposure draft package. While submissions may be lodged electronically or by post, electronic lodgement 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, 7 May 2010

Address written submissions to:
The General Manager
Business Tax Division
The Treasury
Langton Crescent
PARKES ACT 2600

Fax:(02) 6263 4466

For enquiries, please call Philip Akroyd on (02) 6263 4385.

Documents Available:


Acrobat (PDF) documents

 Acrobat (PDF)

Exposure Draft  21.83kb
Explanatory Memorandum  38.12kb
Consultation Summary  35.01kb

Microsoft Word (RTF) documents

 Microsoft Word (RTF)

Exposure Draft  75.63kb
Explanatory Memorandum  183.66kb
Consultation Summary  851.37kb

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Aligning the Capital Gains Tax Scrip for Scrip Roll-Over Requirements with the Corporations Act 2001 - 6/01/2010
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Submissions: Exposure Draft - Aligning the Capital Gains Tax Scrip for Scrip Roll-Over Requirements with the Corporations Act 2001 - 3/06/2010
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