Treasury has released for public consultation an exposure draft of Tax and Superannuation Legislation Amendment (Sunsetting Measures) Regulation 2014.
The exposure draft amends various taxation and superannuation regulations to:
- repeal spent or redundant taxation and superannuation laws;
- consolidate duplicated taxation administration provisions contained in regulations under various taxation Acts into a single set of regulations made under the Taxation Administration Act 1953; and
- update the regulations to reflect changes proposed by Schedules 2 and 4 to the Treasury Legislation Amendment (Repeal Day) Bill 2014.
The closing date for submissions is Friday 6 February 2015.