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On Wednesday 23 July 2014, Len Hertzman CTA (Ashurst) attended a meeting of the RRT Working Group. At the meeting, various issues were discussed, including:

  • An update was given in relation to the ATO’s Strategic Intent;
  • The future role of the RRT Working Group which will become the Energy and Resources Working Group and will consider issues beyond the PRRT and MRRT;
  • Practical implications for taxpayers stemming from the fact the MRRT is not yet repealed;
  • Consideration of additional topics for PRRT guidance and rulings; and
  • Development of a strategy document for the Energy & Resources Industry.

Members who seek further information in relation to the above should contact us at Tax Policy.