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The Speaker of the House of Representatives has received formal advice from the Prime Minister that the Governor-General has accepted his recommendation that the Parliament be prorogued at 12 noon on Monday, 15 October 2007, and the House of Representatives dissolved at 12 noon on Wednesday, 17 October 2007. An election for the House of Representatives and half of the Senate is to be held on Saturday, 24 November 2007.

Accordingly, Tax Laws Amendment (2007 Measures No 6) 2007 (introduced into the House on 13 September 2007) and Tax Laws Amendment (Taxation of Financial Arrangements) 2007 (introduced into the House on 20 September 2007) both lapse and will have to be reintroduced into the new Parliament.

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