Home       What's New?       Corporate       Business       Published Information       Ministers       Related Websites

Exposure Draft Bill for Consultation – Loss Recoupment Rules for Companies

Date:

Friday, 11 February 2005

Content ID:

956

Abstract:

This Exposure Draft outlines a proposal to amend the tax loss recoupment rules for companies. The proposed amendments would:

  • introduce a new modified continuity of ownership test;
  • remove the same business test for companies whose total income is more than $100 million in the year of recoupment; and
  • remove certain anomalies and clarify some aspects of the existing law.

The public is invited to comment on the Exposure Draft.

Submission closing date: Thursday, 24 March 2005

Address written comments to:

The Manager
Large Business Unit
Business Tax Division
The Treasury
Langton Crescent
PARKES ACT 2600

Fax: 02 6263 4466

Email: companylosses@treasury.gov.au

Documents Available:


Acrobat (PDF) documents

 Acrobat (PDF)

Loss Recoupment Rules for Companies - Exposure draft  163.71kb
Loss Recoupment Rules for Companies - Explanatory material  489.56kb

Microsoft Word (RTF) documents

 Microsoft Word (RTF)

Loss Recoupment Rules for Companies - Exposure draft  337.45kb

Winzip (ZIP) documents

 Winzip (ZIP)

Loss Recoupment Rules for Companies - Explanatory material  709.93kb

Related Items:

Loss Recoupment Rules for Companies - 7/04/2004
The abstract for this content item contains formatting that cannot be displayed in this list. Please follow the hyperlink to the item for more detail.

Treasury Portfolio Ministers - Link to website MoreSuper  - Link to website Carbon Price Modelling - Link to Website Clean Energy Future  - Link to website Review of compensation arrangements for consumers of financial services - Consultation Paper  - Link to website

spacer