18 Dec 14 Draft Sunsetting Measures Regulation released
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.