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On 6 August 2009, the Taxation Institute lodged a submission with Treasury in relation to the consultation paper entitled "Review of the margin scheme" released by Treasury on 12 May 2009. The Taxation Institute's preferred position is Option 3, which involves retaining the existing margin scheme provisions and addressing deficiencies in its operation. The Taxation Institute strongly urges Treasury and the ATO to reconsider the recent rulings issued by the ATO and makes a number of recommendations regarding technical changes.

For a copy of the submission, go here.

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