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12 Nov 07 Consolidation: changes announced October 2007

The ATO has advised that it will apply the existing law in the period between the announcement of changes to the consolidation rules following certain CGT rollovers and enactment of the proposed law. The changes were announced by the Minister for Revenue and Assistant Treasurer in press release No 124/2007 issued on 12 October 2007, and in press release No 127/2007 issued on 16 October 2007 (which clarified the start date of the proposed changes).

For a copy of the ATO advice, go here

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