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22 Aug 08 Submission on draft legislation to reform Division 6C

On 15 August 2008, the Taxation Institute lodged a submission with Treasury in relation to the proposed amendments to Division 6C of Part III of ITAA 1936 released by the Assistant Treasurer for public comment on Wednesday 23 July 2008 as a Consultation Draft of Tax Laws Amendment (2008 Measures No 5) Bill 2008: Public Trading Trusts: see 2008 TAXVINE No 29 (13) (25 July 2008). The Taxation Institute expressed the view that the amendments have many shortcomings so that they fall short of accomplishing the Government’s stated goals.  

For a copy of the submission, go here

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