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Tax Laws Amendment (Taxation of Financial Arrangements) Bill 2008, which was tabled into Parliament on 4 December 2008 will, when enacted, exempt certain securitisation vehicles from the foreign currency rules with effect from 1 July 2003. The ATO has advised of the administrative arrangements that have been put in place in anticipation of these changes. For a copy of the advice, go here.

For information on other foreign exchange changes, go here.

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