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On 15 March 2007, the Commissioner, Michael D'Ascenzo delivered an address entitled "Working with the tax profession" to the Taxation Institute's 22nd National Convention held in Hobart, Tasmania.

Amongst other things, the Commissioner announced the release of 2 draft practice statements on the administration of the new promoter penalty laws - one on tax exploitation schemes and the other on schemes promoted as conforming with product rulings.

The Commissioner said: "We appreciate the assistance from a number of stakeholders including the Taxation Institute of Australia in developing our administrative approach. These draft practice statements are being released today for public comment."

For a copy of the address, go here

To access the 2 draft Practice Statements, go here

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