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On 1 June 2009 the Commonwealth Treasury released a discussion paper about proposed amendments to taxation laws to implement the recommendations made by the Board of Taxation to improve the taxation treatment of off-market share buybacks. This follows an announcement on 12 May 2009 by the Assistant Treasurer, the Hon Chris Bowen, indicating that the Government would undertake consultation on the design of the amendments.

For more information and a copy of the discussion paper go here.

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