07 Apr 1111 Board's review of Consolidation Rights to Future Income and Residual Tax Cost Setting Rules - update
On 30 March 2011, the Assistant Treasurer, Bill Shorten, released an announcement requesting the Board of Taxation to undertake a review of the consolidation rights to future income and residual tax cost setting rules - see 2011 TAXVINE No 11 (1 April 2011). The terms of reference for the review were released together with the announcement.
On 6 April 2011, the Chairman of the Board of Taxation’s Working Group on its review, Mr Keith James, announced the release of released additional guidance material which stakeholders should take into account in preparing submissions.
The closing date for submissions is Wednesday 20 April 2011.