The Minister said: "Later this year the Government will release draft rewrites of several schedules of the 1936 Act and their transfer to the 1997 Act. This will include schedules 2C, 2D, 2E, 2G, 2J and Divisions 8, 9, and 10 of Part IV of the 1936 Act."
Without setting a definite timetable for completion of the task (particularly in light of the work currently being undertaken by the Henry Review), the Minister said: "We do, however need a goal, an aspirational date, by which we would like to see the Acts amalgamated. I believe that 2013 is an ambitious, but achievable, target for Australia to have one tax Act."
The Taxation Institute commented on the proposal in a media release issued on 13 March 2009.
For a copy of Mr Bowen's address to the Taxation Institute, go here.
For a copy of the Taxation Institute's media release, 13 March 2009, go here.