Some welcome relief in sight from "sudden death" public trading trust rules.
15 Aug 08 |
WEEKLY TAX BULLETIN
Issue: No 35 2008
In a welcome move, the Federal Government has released draft amendments to Div 6C of the ITAA 1936. The proposed amendments will provide some welcome relief from the "sudden death" nature of the public trading trust rules and remove uncertainty around the permissability of certain common group transactions, such as the provision of cross guarantees.
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Thomas is a Senior Associate with the Sydney
office of Allens Arthur Robinson. Thomas advises on domestic and
international income taxation as it affects large corporations and
managed funds, and specialises in mergers and acquisitions, debt
and equity capital markets and structured finance.
- Current at
01 February 2011