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15 Aug 08 Family Trust Elections (FTE)

John Brazzale FTIA (Pitcher Partners) appeared before the Senate Standing Committee on Economics Inquiry into Tax Laws Amendment (2008 Measures No 4) Bill 2008 on Tuesday 12 August 2008 to reinforce the Taxation Institutes’ request in its 22 July 2008 submission for the Committee to recommend the rejection the rollback of the amendments made by the previous Government to the FTE rules in Tax Laws Amendment (2007 Measures No 4) Act 2007I: see item (13) of this edition of TAXVINE. The Taxation Institute has previously unsuccessfully urged the current Government to reconsider their decision in our pre budget submission (see 2008 TAXVINE No 1 (1) (18 January 2008)) and in person at the meeting with the Assistant Treasurer and Minister for Competition Policy and Consumer Affairs, the Hon Chris Bowen, on Tuesday 18 March 2008 (see 2008 TAXVINE No 10 (1) (20 March 2008)).

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