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20 Nov 09 Submissions being prepared

ATO Petroleum Resource Rent Tax examples discussion paper:
The Taxation Institute is considering preparing a submission in relation to ATO Petroleum Resource Rent Tax examples discussion paper released by the ATO on 9 November 2009.  For a copy of the Discussion Paper, go here. Comments for incorporation in the submission are due by 24 November 2009. They can be sent to: technical@taxinstitute.com.au.

Income tax law rewrites: Exposure draft legislation and explanatory material:
The Taxation Institute is considering preparing a submission in relation to the exposure draft legislation and explanatory material released by the Assistant Treasurer on 5 November 2009.  The exposure draft legislation rewrites the following provisions: Part VI (collection and recovery); Schedule 2C (forgiveness of commercial debts); Schedule 2E (leases of luxury cars); Schedule 2G (farm management deposits); and Schedule 2J (general insurance).  For a copy of the exposure draft material, go here. Comments for incorporation in the submission are due by 9 December 2009. They can be sent to: technical@taxinstitute.com.au.

Options to Address Fraudulent Phoenix Activity discussion paper:
The Taxation Institute is considering preparing a submission in relation to the proposals paper canvassing options to address fraudulent phoenix activity released by the Assistant Treasurer on 14 November 2009. The proposals paper outlines a number of possible amendments to the taxation and corporations law to address fraudulent phoenix activity. For a copy of the Discussion Paper, go here. Comments for incorporation in the submission are due by 24 December 2009. They can be sent to: technical@taxinstitute.com.au.

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