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On 28 May 2009, the Taxation Institute lodged a submission with Treasury in relation to the Exposure Draft of Tax Laws Amendment (Prescribed Private Funds) Bill 2009 and the related Explanatory Material which were released for public comment on 14 May 2009. Whilst providing comments on the Exposure Draft and related EM, the Taxation Institute has expressed its concern that the proposed legislative guidelines have not been made available as at the closing date for submissions and has therefore requested that the consultation process in relation to the draft material be extended until such time as the proposed guidelines are made public.

For a copy of the submission, go here

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