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30 May 11 Removing tax barriers to CATSI Act corporation amalgamations

On 27 May 2011 the Treasury released a proposals paper, entitled “Capital gains tax and other roll-overs for CATSI Act corporation amalgamations” seeking comments on the policy design of a measure announced in the 2011-2012 Budget to amend the CGT provisions to allow Corporations (Aboriginal and Torres Strait Islander) Act 2006 (CATSI Act) corporations to amalgamate with minimal income tax consequences.

The closing date for submissions is Friday, 8 July 2011.