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Discussion Paper - Consolidated groups that undertake demergers


Tuesday, 7 December 2010

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On 9 November 2010, as part the Mid-Year Economic and Fiscal Outlook 2010-11, the Government announced that it will introduce legislation to alleviate the tax consequences that arise when a consolidated group or multiple entity consolidated group restructures by undertaking a demerger and the demerged entities form a new group.

The Hon Bill Shorten MP, has now released a discussion paper on the design and implementation details of the proposed changes.

Making a submission

Interested parties are invited to comment on the discussion paper. 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, 28 January 2011

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

Email: consolidation@treasury.gov.au

For enquiries, please call Tony Regan on (02) 6263 3334.

Documents Available:

Acrobat (PDF) documents

 Acrobat (PDF)

Discussion Paper  166.12kb

Microsoft Word (RTF) documents

 Microsoft Word (RTF)

Discussion Paper  1,530.60kb

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