The Government is also releasing for consultation draft regulations and explanatory statement for one of those measures, to allow the ATO to charge for valuations required in the course of issuing private rulings. The draft regulations and explanatory statement are available from the Treasury website at http://www.treasury.gov.au
In addition, the media release states that the Government will proceed with modifications to the income tax consolidation regime. These changes will clarify the operation of the consolidation regime and improve interactions with other parts of the law. See the media release for more details.
For a copy of the joint press release, No 2008/53, 13 May 2008, go here