05 Nov 10 Mineral Resource Rent Tax (MRRT) ConsultationTaxation Institute President David Williams FTIA, Senior Tax Counsel Robert Jeremenko FTIA, Tax Counsel Tamera Lang ATIA and Amrit MacIntyre FTIA (Baker & McKenzie) attended the resource tax Policy Transition Group's (PTG) consultation for professional associations and advisory firms on Thursday 4 November 2010. The meeting was chaired by Minister for Resources, Energy & Tourism Martin Ferguson and Mr Don Argus.
The discussions focussed on high level issues, including the legislative plan. The PTG will be reporting to the Treasurer on Friday 17 December 2010 and preliminary drafting of a Bill has commenced. An exposure draft of the Bill should be released in May 2011, with further consultations to occur at that time. The Taxation Institute will be meeting with the PTG Secretariat next week to highlight the key messages contained in our submission to the PTG (which was lodged last week).